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Aviva retains services of WNS, EXL, 24/7: SrcsAfter months of speculation, the Aviva BPO deal is finally done. Sources said Aviva has chosen to retain the services of all its three vendors #8209; WNS, EXL, and 24/7.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 6:28 pm V\'fone, IT imbroglio: Ruling reserved for next weekToday was the final day of hearing of the Vodafone tax case. The Bombay High Court has decided to reserve its judgement for next week.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 5:59 pm SpiceJet plans to bring an invt on board: SrcsSpiceJet promoters have discussed the pros and cons of bringing an investor on board at their board meet today in Gurgaon, sources said. WL Ross has envisaged interested in picking up stake in SpiceJet and is open to invest USD 100 million in the lowcost airline, they added.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 3:48 pm \'Nuke deal +ve for RoltaShaw Stone JV\'Kamal K Singh, Rolta India, said that the company is looking at the nuke deal as positive because one of their engineering joint venture is with Shaw Stone Webster. \"Rolta also plans an accquistion soon which is regarding business intelligence in Enterprise Resource Planning (ERP).Source: Moneycontrol Top Headlines | 9 Jul 2008 | 3:17 pm DLF can acquire addl 1.8% through buybackThe board of realty major DLF is due to meet tomorrow to consider a buyback of shares. Promoters hold 88.2% stake. According to SEBI norms, the company can acquire an additional 1.8%, or 30 million shares. The buyback price is expected to be between Rs 525600 per share, for which the company will have to shell out Rs 1,6351,800 crore.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 2:40 pm Deora skillfully nudges Amar Singh volley into FinMin courtPetroleum Minister Murli Deora said he would be happy to take up any suggestions, especially by those providing support to the government. \"Only the Finance Minister could take up the issue of imposing windfall tax. Also, a change in the EoU status can only be taken up by the Commerce Ministry.\"Source: Moneycontrol Top Headlines | 9 Jul 2008 | 1:25 pm RCom, MTN shares gain amid extension of exclusive talks - Hindu
Source: Google News India - Business | 9 Jul 2008 | 1:12 pm Harita TVS sells major business to KPIT Commins - Hindu
Source: Google News India - Business | 9 Jul 2008 | 1:12 pm New guar seed, turmeric contracts to be launchedThe National Multi-Commodity Exchange (NMCE) will launch a new series for futures contract in guar seed and turmeric Thursday.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 1:01 pm Reliance Super store inaugurated in JamnagarReliance Retail launched the eighth Reliance Super mini-mart in Gujarat at Jamnagar Wednesday.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 1:00 pm IT software and services to touch $50 bn by 08-09 - Business Standard
Source: Google News India - Business | 9 Jul 2008 | 12:59 pm Rupee rises on share surge, lower oil priceMUMBAI (Reuters) - The Indian rupee climbed on Wednesday as signs of political stability, a 4.6 percent surge in the share market and lower crude prices offered some respite to worries about fund outflows and a widening trade deficit.Source: Reuters: Money News | 9 Jul 2008 | 12:58 pm India's core infrastructure growth falls - Economic Times
Source: Google News India - Business | 9 Jul 2008 | 12:56 pm GLOBAL MARKETS - Oil's big fall boosts equities, despite reboundLONDON (Reuters) - Oil prices firmed on Wednesday after Iran tested long- and medium-range missiles, but its tumble the previous session -- the largest since the 1991 Gulf war -- helped boost global equities and lift sentiment.Source: Reuters: Money News | 9 Jul 2008 | 12:51 pm RCom, MTN shares gain amid extension of talksShares of Anil Ambani-led Relaince Communications and South African telecom giant MTN on Wednesday rose sharply amid the two companies extending their exclusive negotiations.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 12:50 pm Oil rebounds $2 on Iran missile testsLONDON (Reuters) - Oil rose $2 to near $138 a barrel on Wednesday, partly recouping a $5 drop in the previous session, after Iran said it had test-fired missiles that could reach Israel and U.S. bases in the region.Source: Reuters: Money News | 9 Jul 2008 | 12:42 pm BEML bags Rs.2 bn mining equipment export orders - Economic Times
Source: Google News India - Business | 9 Jul 2008 | 12:33 pm Samtel to make avionics systems for Sukhoi, TejasJoint venture Samtel HAL Display Systems has secured a Rs.2.2-billion ($50 million) order to develop display systems for fighter aircraft such as Sukhoi (Su-30 MKI) and Tejas Light Combat Aircraft (LCA), the company said Wednesday.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 12:31 pm Supreme Court lifts curbs on Mundra port projectThe Supreme Court Wednesday lifted its temporary curbs, imposed early this month, on development of the Rs.74 billion Mundra port project in Gujarat.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 12:31 pm BEML bags Rs.2 bn mining equipment export ordersIndia's leading mining and construction equipment maker Bharat Earth Movers Ltd (BEML) has bagged orders worth Rs.2.07 billion to export hydraulic excavators, rear dump trucks and bulldozers to Indonesia.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 12:31 pm Custom duty on raw cotton scrappedIndia has scrapped import duty on raw cotton and withdrawn export incentives to boost domestic stocks, it was announced Wednesday.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 12:30 pm Hyderabad firm launches 3D mobile games - Economic Times
Source: Google News India - Business | 9 Jul 2008 | 12:21 pm Economy will bounce back: Chidambaram - Press Trust of India
Source: Google News India - Business | 9 Jul 2008 | 12:15 pm Hair care giant Alfaparf Milano enters IndiaBad hair days for Indians may soon be history with the entry of some of the leading international hair styling and hair care brands in the country.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 12:07 pm Govt scraps import duty on raw cottonThe government has scrapped the import duty on raw cotton. It has withdrawn the drawback benefit on export of raw cotton.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 12:05 pm SC allows Adanis to continue construction at Mundra SEZThe Supreme Court has allowed Adanis to continue construction at Mundra SEZ. Ameet Desai, ED, Mundra Port and SEZ said that the petition was dismissed and the case will not continue in Gujarat High Court.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 12:04 pm 'Inflation to moderate by September quarter'Inflation across the Asia Pacific region is expected to moderate in the second half of the year due to tightening monetary measures.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 12:02 pm `Incomes in India to be close to global average by 2030’ - Sify
Source: Google News India - Business | 9 Jul 2008 | 11:58 am Airlines cut flights to contain lossesRising fuel prices, high operational costs and decreasing passenger loads have forced major airlines to reduce flights on domestic routes.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 11:55 am Markers surge, Sensex up 615 points - Hindu
Source: Google News India - Business | 9 Jul 2008 | 11:45 am Market ends day with hefty gainThe Indian equities market ended the day with a hefty gain on the back of heavy buying in capital goods, metal, realty and banking stocks.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 11:31 am RCom, MTN extend exclusive negotiation periodThe Anil Ambani-controlled Reliance Communication (RCom) and South African telecom major MTN Wednesday said the period of exclusive talks for a possible merger has been extended till July 21.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 11:31 am Assocham honours Sharjah economic zoneIndia's leading industry lobby Associated Chambers of Commerce and Industry (Assocham) Wednesday conferred its best performing special economic zone award to Sharjah's Hamriyah Free Zone Authority (HFZA).Source: IndiaeNews.com: Business News | 9 Jul 2008 | 11:30 am Himachal government asked to file fresh affidavit on BrakelThe Himachal Pradesh High Court Wednesday asked the state government to file a detailed affidavit regarding its show-cause notice to the Dutch company Brakel Corporation over two proposed hydropower plants.Source: IndiaeNews.com: Business News | 9 Jul 2008 | 11:30 am Taxing oil cos not under petroleum - Economic Times
Source: Google News India - Business | 9 Jul 2008 | 11:28 am Senior officials leave ICICI Bank units - sourcesMUMBAI, (Reuters) - Two senior officials at India's ICICI Bank's investment banking and primary dealership units have resigned, sources familiar with the details said on Wednesday.Source: Reuters: Money News | 9 Jul 2008 | 11:28 am Indian shares rebound 4.6 pct, Reliance Comm jumpsMUMBAI (Reuters) - Indian shares bounced 4.6 percent on Wednesday to their highest close in two weeks, as oil drifted away from record highs and the withdrawal of left parties from the ruling coalition was seen as helping economic reforms.Source: Reuters: Money News | 9 Jul 2008 | 11:05 am MTN, RComm to discuss deal prospects on July 21MTNReliance Communication talks have been extended to July 21 from July 10. MTN board may discuss prospects of a possible deal. The board may also discuss 45day exclusivity talks with RComm.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 11:00 am Idea acquires 41% in Spice Comm thru open mktAditya Birla Group firm Idea Cellular said on Wednesday it has acquired about 41 per cent stake in Spice Communications through open market and block trade transactions.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:26 am RCOM, MTN extend negotiations till July 21Ending the suspense over status of their talks for a possible amalgamation, Anil Ambani-led RCOM and South African Telecom major MTNSource: Daily News & Analysis: Money News | 9 Jul 2008 | 10:24 am Political turmoil not to impact India growth - BansalNEW DELHI (Reuters) - Political turmoil in India is unlikely to impact on economic growth this fiscal year, a Minister of State for finance said on Wednesday.Source: Reuters: Money News | 9 Jul 2008 | 9:52 am Samajwadi Party's idea to lift rupee unlikely to flyMUMBAI (Reuters) - The government's new ally wants to use India's $311 billion currency reserves to fight inflation by pushing the rupee up, but strategists say the flow of funds is against the currency so the idea is unlikely to work.Source: Reuters: Money News | 9 Jul 2008 | 9:31 am India gold firm, traders away after overnight buysMUMBAI (Reuters) - India's gold prices stayed firm on Wednesday after fresh geo-political tensions erupted in the Middle East and traders stayed away after buying for their near-term needs at a dip the previous day, dealers said.Source: Reuters: Money News | 9 Jul 2008 | 9:01 am CNBCTV18\'s Emerging India Award salutes best SME playersCNBCTV18\'s Emerging India Award recognised the achievements of those SMEs (Small and Medium Enterprises), which dared to think global in a glittering function in London, on Tuesday.Source: Moneycontrol Top Headlines | 9 Jul 2008 | 8:56 am Left withdrawal may lead to quicker reforms-MerrillMUMBAI (Reuters) - The withdrawal of support by communist allies of the Congress-led union government may result in quicker economic reforms and passage of the nuclear deal, a note by brokerage Merrill Lynch said on Wednesday.Source: Reuters: Money News | 9 Jul 2008 | 6:55 am RBI needs tougher anti-inflation briefMUMBAI (Reuters) - Indian monetary policy is still loose despite a burst of interest rate increases and economists say the Reserve Bank of India (RBI) needs to train its sights on inflation alone rather than juggle growth, the currency and price stability.Source: Reuters: Money News | 9 Jul 2008 | 6:54 am Pipavav Shipyard plans to hire Japanese professionalsThey will be mainly working on the shop floor, says CEO. Chennai, July 8 Pipavav Shipyard plans to hire around 50 Japanese professionals for its upcoming shipyard in Gujarat. This is at the exploratory stage and is at the ‘cost checking ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Meeting SP’s demand on EOU, windfall tax may not be easyUnder current laws, EOU status cannot be revoked unilaterally. New Delhi, July 8 Meeting the demand of the Samajwadi Party (SP), whose support is crucial for the Congress-led Government, on withdrawing the export oriented unit (EOU) status ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Tata Power may divest assets, holdings to part-finance capexEstimates fund requirements at Rs 24,000 cr over next 4 yrs. Chennai, July 8 Tata Power, which estimates its fund requirements at Rs 24,000 crore over the next four years, may consider divesting various holdings or assets to part-finance its ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Setback for UP sugar millsThey may have to consider re-stating 2007-08 profits. The Allahabad High Court decision on Monday upholding a State Advised Price (SAP) of Rs 125 per quintal for cane procured in Uttar Pradesh in the 2007-08 season, could require leading sugar ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Startling new light on jihadisThe passion with which academia and think-tanks in Western countries in recent years have been labouring to construct the profile of an average jihadi terrorist can only be called phenomenal. They have been extremely painstaking in ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Education loan portfolio set to grow at 40%NPAs at low levels as job market is buoyant. Kolkata, July 8 Education loan portfolio of banks, which saw a growth of about 30-40 per cent in 2007-08, is set to witness a growth of about 40 per cent in 2008-09, according to senior bank ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am China willing to cooperate with IndiaSapporo, July 8 On a day when the Left parties announced the withdrawal of support to the Government over the nuclear deal, the Prime Minister, Dr Manmohan Singh, on Tuesday heard the Chinese President, Mr Hu Jintao, express his ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Notebook sales doubleMNCs improve market share; Internet subscriptions up. New Delhi, July 8 India’s total PC sales – desktops and notebooks combine – rose 16 per cent during 2007-08 fiscal to 7.34 million units, propelled by a significant 114 ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am ‘Caste’ out by banking systemBangalore, July 8 Despite the rise of dalits in the political sphere, their share in the total number of small borrowal accounts and total credit has fallen sharply over the last five years. According to the Reserve Bank of India’s ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am Left withdraws supportMeeting President today; ‘Govt will go to IAEA after trust vote’. New Delhi, July 8 Ending weeks of speculation, the Left parties on Tuesday announced withdrawal of support to the ruling United Progressive Alliance (UPA) Government ...Source: Business Line - Home Page | 9 Jul 2008 | 12:00 am SC clears Chennai airport expansion, upgradeThe Supreme Court on Wednesday paved the way for expansion and modernisation of the Chennai airport, upholding the Tamil Nadu government's decision to acquire land for the project.Source: Daily News & Analysis: Money News | 8 Jul 2008 | 10:38 pm RCom-MTN merger talks may have petered outThe merger/acquisition talks between Reliance Communications and South Africa's MTN may have petered out upon the expiry of a 45-day exclusive negotiations period on Tuesday.Source: Daily News & Analysis: Money News | 8 Jul 2008 | 10:34 pm Infrastructure biggies seek ways to pass on costsIt isn't just the common man who is whining about inflation.Source: Daily News & Analysis: Money News | 8 Jul 2008 | 10:29 pm Pullout party muted on oil, global fearsOn May 17, 2004, the possibility of a Left-leaning government spurred Sensex's then-biggest intra-day fall of 800 points.Source: Daily News & Analysis: Money News | 8 Jul 2008 | 10:26 pm NMDC-Spice closes in on Armenian minesNMDC Spice International, a proposed 50:50 joint venture between state-owned miner NMDC and Spice Minerals and Metals, a part of the Spice Energy group, is close to acquiring two iron ore deposits in Armenia.Source: Business Standard | Front Page Headlines | 8 Jul 2008 | 7:07 pm Goldman Sachs throws hat in SpiceJet ringKingfisher talks still on track, says company. ??Global investment banking and securities firm Goldman Sachs has expressed interest in acquiring equity in Delhi-based SpiceJet even as top sources said talks for a merger with Kingfisher Airlines are on track.Source: Business Standard | Front Page Headlines | 8 Jul 2008 | 7:07 pm Left pulls out, finallyTrust vote inevitable, but UPA jittery about making the numbers. ??A trust vote in Parliament has become inevitable after the four Left parties that voted with the United Progressive Alliance (UPA) government announced that they would withdraw support following differences over the Indo-US civil nuclear deal, after nearly a year of threatening to do so.Source: Business Standard | Front Page Headlines | 8 Jul 2008 | 7:05 pm
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