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SpiceJet deal at critical stage: Wilbur RossUSbased investor Wilbur Ross said negotiations with SpiceJet are on and is optimistic of deal closure in a few days. Ross said that the deal is at a critical stage and he cannot share the details.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 6:36 pm Sterlite gets bid protection for Asarco buyout pactThe Sterlite Industries and Asarco Unions have agreed on collective bargaining terms, reports CNBCTV18, quoting Newswire18. The pact would be effective postAsarco buy.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 4:47 pm Videocon invst arm buys 8.86% in IOL NetcomShree Dhoot Trading, the familyowned investment company of Videocon\'s promoters, has been buying IOL Netcom shares at an average price of Rs 82.50 per share. Shree Dhoot Trading has acquired 23.75 lakh shares, i.e. 8.68%, in IOL Netcom.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 4:13 pm WHO passes new vaccine; Panacea eyes mkt size of $350 mThe World Health Organisation or WHO has approved Panacea Biotec\'s pentavalent vaccine EasyFive. This is extremely positive as the company will now able to participate in tenders of UN agencies for the vaccine. Rajesh Jain of Panacea Biotec, expects to touch a market size of USD 350 million as a result of this opportunity.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 3:24 pm Business optimism index at its lowest in four years - Economic Times
Source: Google News India - Business | 10 Jul 2008 | 2:33 pm VMart sells 25 pct stake to Aditya Birla group - MDNEW DELHI (Reuters) - VMart Retail Pvt Ltd has sold a 25 stake to the Aditya Birla group for an undisclosed sum to help fund its expansion plans, the discount-retailer's managing director said on Thursday.Source: Reuters: Money News | 10 Jul 2008 | 2:31 pm Commentary: Bernanke partly to blame for stocks rout - Reuters
Source: Google News India - Business | 10 Jul 2008 | 2:28 pm HCL Tech gets 3-yr contract from BergstromMUMBAI (Reuters) - Software exporter HCL Technologies Ltd said on Thursday it has got a 3-year contract from Bergstrom Inc.Source: Reuters: Money News | 10 Jul 2008 | 2:25 pm Fannie, Freddie stocks and bonds plummet - Reuters
Source: Google News India - Business | 10 Jul 2008 | 2:22 pm Aluminium hits record as China cuts production - Financial Times
Source: Google News India - Business | 10 Jul 2008 | 2:21 pm Crude tops $137 on Brazil oil strikeLONDON (Reuters) - Oil rose above $137 a barrel on Thursday after workers at Brazil's state oil company Petrobras said they would begin a 5-day strike next week.Source: Reuters: Money News | 10 Jul 2008 | 2:05 pm Wall St extends gains on Bernanke's testimonyNEW YORK (Reuters) - U.S. stocks added to gains on Thursday as a source familiar with Federal Reserve Chairman Ben Bernanke's testimony said the central bank chief will tell the House Financial Services Committee that government efforts are focused on helping the financial system return to normal.Source: Reuters: Money News | 10 Jul 2008 | 2:03 pm Spice Energy in term deal with BPNEW DELHI (Reuters) - Spice Energy has locked up long-term crude, gas and coal supplies with BP and two Indonesian firms to fuel its planned energy projects and hedge against market volatility, its chief executive said.Source: Reuters: Money News | 10 Jul 2008 | 1:53 pm Nalli Silks launches first boutique outletNalli Silks is launching new format stores as well as expanding existing outlets in India and abroad.Source: Daily News & Analysis: Money News | 10 Jul 2008 | 1:40 pm SBI set to launch mobile banking servicesState Bank of India is all set to become the country's first state-owned bank to offer mobile banking services to its customers, an official said on Thursday.Source: Daily News & Analysis: Money News | 10 Jul 2008 | 1:39 pm Deutsche Securities increases stake in ICSA IndiaDeutsche Securities Mauritius Ltd Thursday acquired an additional 2.08 percent stake in software firm ICSA India Ltd from the open market to raise its total holdings to 7.16 percent.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 1:31 pm Nine new units to pump in Rs.10 bn in Himachal PradeshThe Himachal Pradesh government Thursday cleared the proposals of nine companies which would attract an investment of over Rs.10 billion ($255 million).Source: IndiaeNews.com: Business News | 10 Jul 2008 | 1:30 pm India's Allied Digital buys US-based En Pointe Technologies unit ... - Forbes
Source: Google News India - Business | 10 Jul 2008 | 1:27 pm Price index of eight food items on declineEight commodities that account for 40 percent of the food basket in wholesale price index (WPI) have recorded average decline of 1.2 percent in their prices over the past two months, a study by an industry lobby released Thursday said.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 1:01 pm Widex India joins hands with BP Poddar HospitalThe city-based BP Poddar Hospital has joined hands with Widex India Pvt Ltd and inaugurated a state-of-the-art hearing and speech therapy centre, Senso Hearing Centre, here Thursday.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 1:01 pm Rupee climbs to 10-day high, lower crude helpsMUMBAI (Reuters) - The rupee rose to its strongest in 10 days on Thursday, as global crude prices steady at around $136 a barrel and easing political uncertainty helped boost sentiment for the local unit in the near term.Source: Reuters: Money News | 10 Jul 2008 | 12:58 pm Pininfarina plans to bring electric car in India - Hindu
Source: Google News India - Business | 10 Jul 2008 | 12:43 pm Aamir Khan is TatySky brand ambassadorDirect-to-Home operator TataSky has roped in Bollywood actor Aamir Khan as its brand ambassador.Source: Daily News & Analysis: Money News | 10 Jul 2008 | 12:37 pm SBI set to launch mobile banking servicesState Bank of India is all set to become the country's first state-owned bank to offer mobile banking services to its customers, an official said Thursday.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 12:30 pm Suzlon to set aside Rs 590 cr for client compensationSuzlon Energy will set aside Rs 590 crore for compensation to clients. The company will compensate output loss to clients because of cracked blades. It will compensate it to John Deere and Edison for cracked blades.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 12:30 pm Virgin Mobile eyes larger chunk of youth marketVirgin Mobile, country's youth-focused mobile services brand from TTL, has announced aggressive plans to capture the burgeoning youth market in Andhra Pradesh.Source: Daily News & Analysis: Money News | 10 Jul 2008 | 12:13 pm DLF to buy back Rs 1,100 cr equity at Rs 600/shDLF has announced a buy back of Rs 1,100 crore equity at a maximum price of Rs 600 per share. The volume of the buyback would go up to 2.2 crore shares; that is 1.11.29% equity. The promoters\' stake will go up from 88.1% to 89.3% if buyback is completed.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 12:09 pm Satyagraha likely over land allotment to Mundra SEZ - Economic Times
Source: Google News India - Business | 10 Jul 2008 | 12:07 pm Market closes 38 points downThe Indian equity market closed with the loss 30 shares benchmark of the Bombay Stock Exchange, which opened at 13,861.60 points, touched a low of 13,763.94 before closing at 13,926.24Source: IndiaeNews.com: Business News | 10 Jul 2008 | 12:02 pm Tata Sky signs Aamir Khan as brand ambassadorTata Sky Ltd, a joint venture between the Tata Group and Star, has signed Bollywood actor Aamir Khan as its brand ambassador.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 12:01 pm Market closes with minimal lossThe Indian equities market ended the day with a minimal loss on the back of modest selling pressure in banking, power and capital goods stocks.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 12:01 pm Era Infra to set up power plant in Madhya Pradesh - Economic Times
Source: Google News India - Business | 10 Jul 2008 | 12:00 pm Mallika asked to return Rs.2.5mn to Studio 18Bollywood star Mallika Sherawat, currently riding on the crest of glory, has been delivered a piece of bad news by the industry's oldest body of producers, the Indian Motion Picture Producers' Association (IMPPA).Source: IndiaeNews.com: Business News | 10 Jul 2008 | 12:00 pm Nalli Silks launches first boutique outletMoving with the times, Nalli Silks - the Rs.4-billion textile retail chain that is known for its Kanjivaram silk sarees - is launching new format stores as well as expanding existing outlets in India and abroad.Source: IndiaeNews.com: Business News | 10 Jul 2008 | 12:00 pm Axis PE invests in Vishawa Infra & Services - Business Standard
Source: Google News India - Business | 10 Jul 2008 | 11:58 am Oil price rises again on Iran tensions!Oil prices rose in Asian trade on Thursday, gaining support from Iran`s test of a missile that could hit Israel, dealers said.Source: Zee News : Business | 10 Jul 2008 | 11:56 am Chevron says has significant gas find in Australia!US energy major Chevron Corp said on Thursday it has found a significant gas extension at its Iago gas field off Western Australia.Source: Zee News : Business | 10 Jul 2008 | 11:56 am `ICICI bank mulling acquisitions abroad`!India`s largest private sector lender ICICI bank is looking at possibilities of acquisitions in Britain, Canada or Germany to expand its overseas business.Source: Zee News : Business | 10 Jul 2008 | 11:56 am Prosecutors to demand sentence against Samsung`s ex-boss !Special prosecutors planned on Thursday to announce their sentencing demand for former Samsung Chairman Lee Kun-hee at his trial on tax evasion and other charges that cast a cloud over the country`s largest conglomerate.Source: Zee News : Business | 10 Jul 2008 | 11:56 am WNS buys Aviva BPO in India for USD 230mn: Report!Back-office firm WNS (Holdings) Ltd has acquired insurer Aviva`s BPO in India and Sri Lanka for USD 230 million, a newspaper said on Thursday, without citing sources.Source: Zee News : Business | 10 Jul 2008 | 11:56 am Sensex up 69 points at 14,033!The Bombay Stock Exchange benchmark Sensex moved up by 69 points and regained the 14k level in early trade Thursday on selective buying by funds inSource: Zee News : Business | 10 Jul 2008 | 11:56 am Yahoo introducing new strategy!Yahoo Inc will let customers, academics and even rivals build customized Web search services on top of its own technology, introducing a resale model into a major Internet market where it ranks a distant No. 2 to Google Inc.Source: Zee News : Business | 10 Jul 2008 | 11:56 am Corporate India to witness rise in PE deals by Q4 - Hindu Business Line
Source: Google News India - Business | 10 Jul 2008 | 11:12 am Allied Digital buys 80.5% in EnPointe GlobalAllied Digital has bought 80.5% in USbased EnPointe Global for USD 30 million.The deal is 40% cash and 60% equity and will lead to 4% dilution.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 10:22 am India's industrial output to see a downtrend - HSBCMUMBAI (Reuters) - India's industrial output is likely to ease gradually and touch 4.3 percent in October as the effects of past monetary tightenings begin to take hold, HSBC said in a note on Thursday.Source: Reuters: Money News | 10 Jul 2008 | 9:56 am RBI: no change in assessment of oil pricesCHENNAI (Reuters) - The Reserve Bank of India's assessment of oil prices has not changed since it raised interest rates in June, its deputy governor said on Thursday, ahead of a scheduled policy review at the end of the month.Source: Reuters: Money News | 10 Jul 2008 | 9:50 am Impose direct taxes on SEZs: Planning CommThe Planning Commission has come out strongly in favour of levying a direct tax on units inside special economic zones or SEZs. The Commission believes that SEZs are not real estate plays, though the RBI classifies loans to SEZs as real estate.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 9:50 am POLL - India's May industrial output seen up 7.2 pct y/yNEW DELHI (Reuters) - India's industrial output in May is forecast to have grown an annual 7.2 percent, holding steady near April's 7.0 percent but well below the double-digit levels seen in 2006 and early 2007.Source: Reuters: Money News | 10 Jul 2008 | 9:24 am BoB to leverage customer base for growthBank of Baroda, which has a customer base of around 30 million, is planning to make better use of the numbers for its growth. Using this base, the bank is planning to grow by more than 25 per cent each in SME (small and medium enterprises) and retail segments during the current fiscal.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 8:41 am TCS is top exporterTata Consultancy Services (TCS) has maintained its position as the countrys top IT software and services exporter for FY08, followed by Infosys and Wipro.Source: Moneycontrol Top Headlines | 10 Jul 2008 | 8:38 am POLL - Annual inflation seen at 11.75 pct on June 28MUMBAI (Reuters) - India's annual inflation rate is expected to have accelerated to its highest in more than 13 years in late June, driven by higher prices of fuel and strong demand in the economy, a Reuters poll showed on Thursday.Source: Reuters: Money News | 10 Jul 2008 | 7:23 am Major economies agree cuts in global emissions necessaryOur views not fully incorporated in the declaration: PM. Sapporo, July 9 Leaders of 16 of the world’s major economies meeting at the venue of the G-8 summit at Toyako in northern Japan found enough common language to take forward their ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am Cotton import duty removal to benefit spinning cosMove could help ease supply situation. Stocks of cotton textile companies rallied on Wednesday on the back of the removal of import duty on cotton prices. The move could help ease cotton supply situation, which has been tight due to increasing ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am TCS is top exporterNew Delhi, July 9 Tata Consultancy Services (TCS) has maintained its position as the country’s top IT software and services exporter for FY08, followed by Infosys and Wipro. ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am Software, services revenue to grow at 21-24% to $62 bNasscom pegs target a tad lower due to slowdown. New Delhi, July 9 India’s software and services revenue is poised to grow between 21 and 24 per cent during 2008-09 to touch $62-64 billion. The growth rate projections for FY09 are a tad ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am Foreign brokerages downgrade Indian firmsHigh oil prices, inflation rates lead to major concerns. Mumbai, July 9 Rising domestic inflation, political uncertainties, and the recent movement in oil prices have led to many foreign brokerages downgrading Indian firms. Lehman Brothers, ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am SC sends Tata-Birla row over Idea for arbitrationIssue: Alleged violations of shareholders’ agreement. New Delhi, July 9 The two year-old dispute between the Tata Industries and the A.V. Birla Group over Idea Cellular took a fresh turn on Wednesday with the Supreme Court deciding to ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am Deadline for RCom, MTN talks extended till July 21Mumbai, July 9 Reliance Communications said on Wednesday that the deadline for the talks with South African telecom major MTN for a “potential business combination” has been extended till July ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am Total, partners to decide on Vizag refinery by year-endPre-feasibility report examining demand for petro-products. New Delhi, July 9 The consortium of France’s Total S.A., L.N. Mittal Group company, Hindustan Petroleum Corporation, GAIL (India) and Oil India Ltd will take a decision to build ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am Fresh farm loans yet to flow; recoveries tardyBanks waiting for completion of loan waiver process. Wardha, July 9 The recent mega farm loan waiver by the Union Government has led to discontentment among farmers who are regular in repaying their loans in places such as Vidarbha in ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am IT sector watching out for greater clarity from USMumbai, July 9 The Indian IT sector will have to watch out for not only how the US economy shapes up, but also how the US presidential elections pan out, said ...Source: Business Line - Home Page | 10 Jul 2008 | 12:00 am BSEL nears Indonesia dealBSEL Infrastructure Realty Ltd is in advanced stages of talks with the Indonesian government to develop projects there, said managing director Dharmendra Raichura.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:25 pm SC sends Adani SEZ case to Gujarat HCThe Supreme Court said a petition filed by a clutch of fishermen will have to be heard by the Gujarat High Court and not by it.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:23 pm Japan cos shelve ethanol plansDue to lack of political will and clarity in government policies, ethanol-blending has not only failed to pick up in India but also lost out on foreign participation in the sector.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:22 pm Ranbaxy-Daiichi merger: An emerging Ardhnarishwar model?Generics are generics And innovators are innovators And never the twain shall meet...Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:19 pm Nasscom lowers IT, BPO growth rateThe slowdown in global economy might finally be telling on the information technology (IT) and business process outsourcing (BPO) companies.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:17 pm HC clears 'sugar-free' brandingDabur India and Shree Baidyanath Ayurved Bhawan are free to use the words 'sugar free' to describe their chyawanprash products.Source: Daily News & Analysis: Money News | 9 Jul 2008 | 10:15 pm Govt mulls more reformsArmed with new ally, UPA puts more FDI in telecom, pvt nuclear power on agenda.Source: Business Standard | Front Page Headlines | 9 Jul 2008 | 6:43 pm
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