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Forex reserves for weekended July 4 at $308.4 bnBank loans on June 27 are up Rs 48,654 crore on month, reports CNBCTV18. Bank deposits on June 27 are up Rs 43,935 crore on month. Forex reserves for the weekended July 4 is down USD 3.39 billion at USD 308.4 billion.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 6:17 pm HCL Tech reports $6575 m forex loss in Q4HCL Technologies has reported forex losses of USD 6575 million for Q4 including MTM, reports CNBCTV18. The company will incur forex loss of USD 6777 million in FY08 including MTM.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 6:00 pm VW cars to get cheaper in IndiaPrices of cars from the Volkswagen group are expected to drop, as the company kick starts production at its new plant in Chakan. The carmaker has lined up a slew of launches including the premium Sedan \"The Jetta\" to corner a 10 percent market share in India.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 5:17 pm SBI to wait for RBI policy before tinkering with int ratesOP Bhatt, Chairman, SBI today said that the State Bank of India\'s Q1 net growth is seen in double digits; he sees upward bias in interest rates. The Chairman said that they will wait for the Reserve Bank of India (RBI) policy before tinkering with interest rates.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 3:04 pm Max IndiaBUPA Fin JV to set up health insu coMax India has approved a joint venture with BUPA Finance, UK for setting up a health insurance company. Max India will hold 50%, Analjit Singh will hold 24% BUPA Finance to hold 26% in JV.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 2:48 pm TRAI okays DoT proposal to hike base price for 3G auctionsNripendra Mishra, Chairman of the Telecom Regulatory Authority of India, or TRAI, has agreed to the Department of Telecom, or DoT, proposal to hike base price for 3G auctions. He added that all successful 3G bidders will have to match the highest bid.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 2:33 pm Darsheel Safary walks the ramp for Catmoss'Taare Zameen Par' star Darsheel Safary and a group of tweens and teens who walked the ramp stole the hearts of the audience with their energy and aplomb.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 1:30 pm Infosys Q1 rises 21% on weak rupeeOn the back of a weaker rupee, country's second largest software exporter Infosys Technologies reported a 21 per cent rise on FridaySource: Daily News & Analysis: Money News | 11 Jul 2008 | 1:28 pm MTN sweeps Africa's business awardsSouth African telecom giant MTN, which is currently negotiating a potential amalgamation with Indian billionaire Anil Ambani-led RCOMSource: Daily News & Analysis: Money News | 11 Jul 2008 | 1:25 pm Jet Airways to fly to DubaiJet Airways, which is already flying to to Abu Dhabi, Doha, Muscat, Bahrain and Kuwait, will start operation to Dubai from Delhi and MumbaiSource: Daily News & Analysis: Money News | 11 Jul 2008 | 1:24 pm Inflation shaves off 456 pts from SensexBombay Stock Exchange's bellwether Sensex plunged by over 450 points on Friday as the markets were sent on a tailspin by a double-whammy.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 1:19 pm Rupee gains as firm sells dlrs, data hurtsMUMBAI (Reuters) - The rupee hit a two-week high on Friday as a corporate sold a sizeable amount of dollars, but then trimmed its gains as unexpectedly weak industrial output data sparked a stock market sell-off and oil hit a record high.Source: Reuters: Money News | 11 Jul 2008 | 1:11 pm Inflation, slowing economy may delay steel projectsMUMBAI (Reuters) - Indian steelmakers are worried higher costs and a slowdown in the economy would delay expansion projects and hit demand for the metal.Source: Reuters: Money News | 11 Jul 2008 | 1:10 pm Max India-BUPA Fin JV to set up health insu co - Moneycontrol.com
Source: Google News India - Business | 11 Jul 2008 | 1:09 pm Oil surges to record high above $146LONDON (Reuters) - Oil jumped more than 3 percent to a record high above $146 a barrel on Friday, boosted by concern of threats to supplies from major oil exporters Iran and Nigeria.Source: Reuters: Money News | 11 Jul 2008 | 1:09 pm Renault eyes Rs 1,300 cr exports from IndiaRenault on Friday said it was aiming to export about Rs 1,350 crore in finished components to its manufacturing operations around the world.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 1:08 pm RLPC-InBev launches jumbo $45 bln loan for Anheuser-Busch bid - Reuters India
Source: Google News India - Business | 11 Jul 2008 | 1:03 pm UPDATE 1-Welpsun gets orders worth 30 bln rupees - Reuters India
Source: Google News India - Business | 11 Jul 2008 | 1:03 pm HCL to incur loss of about Rs 329 cr - Business Standard
Source: Google News India - Business | 11 Jul 2008 | 1:01 pm Industry growth dips to 3.8 percent, inflation zooms to 11.89 percentIndia's economic woes have been further compounded with headline inflation zooming to 11.89 percent for the week ended June 28, and industrial production rate plummeting to 3.8 percent in May -- against 10.6 percent in the corresponding period last year.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 1:00 pm Infosys: Inside the Q1 numbers - Times of India
Source: Google News India - Business | 11 Jul 2008 | 12:41 pm Rising inflation hit bourses hardMumbai, July 11 (IANS )The Indian equities market was bruised badly on the last day of the trading session of the week on the back of rising inflation and crude oil prices. Technology, oil, banking, power stocks were worst hit.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 12:32 pm Chandigarh's software exports rise 600 percent in three yearsSoftware exports from the city grew 600 percent over the past three years to Rs.4 billion, a top official here said Friday.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 12:31 pm Weaker rupee causes Infosys losses worth Rs.800 mnInfosys Technologies Ltd incurred a loss of Rs.800 million in the volatile forex market due to 5.6 percent depreciation of the rupee during the first quarter this fiscal, a top company official admitted here Friday.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 12:31 pm Darsheel Safary and kids walk the ramp with aplombThere were no glamorous models at this fashion show but 'Taare Zameen Par' star Darsheel Safary and a group of tweens and teens who walked the ramp stole the hearts of the audience with their energy and aplomb.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 12:30 pm Markets plummet, Sensex take a hit of over 450 points - Hindu
Source: Google News India - Business | 11 Jul 2008 | 12:24 pm Indian industry growth hits 6-yr low, inflation jumpsNEW DELHI (Reuters) - Indian industrial output grew at its slowest rate in six years in May, but a jump in inflation to nearly 12 percent made it unlikely weakening growth would persuade the Reserve Bank of India (RBI) to hold off with interest rate rises.Source: Reuters: Money News | 11 Jul 2008 | 12:24 pm FUND VIEW - F&C goes overweight India stocks after fallsLONDON (Reuters) - India's stock market offers good value again having fallen 35 percent this year, fund manager Foreign and Colonial says, going overweight on the country and watching for further falls in China.Source: Reuters: Money News | 11 Jul 2008 | 12:12 pm SBI awaits govt nod in SBS merger - Business Standard
Source: Google News India - Business | 11 Jul 2008 | 12:08 pm 'Double-digit inflation to continue in '08' - Financial Express
Source: Google News India - Business | 11 Jul 2008 | 12:03 pm Inflation soars to 11.89% on surging food prices!Respite from the rising cost of living seems a faraway thought for the common man as surging food and commodity prices have ensured that the inflation climbed yet again to 11.89 percent for the week ended June 28, official figures revealed on Friday. Inflation was at 11.63 percent for the week ended June 21, 2008.Source: Zee News : Business | 11 Jul 2008 | 11:56 am China laying foundation for Africa growth: WB!China may be accused of placing business above human rights in Africa but the World Bank says in a new report that the Asian giant is spearheading a massive infrastructure revolution in the continent critical to reducing poverty.Source: Zee News : Business | 11 Jul 2008 | 11:56 am "Independent Yahoo better for business"!An independent Yahoo Inc is better for business, Google Inc Chief Executive told reporters on late Thursday, saying a combination with Microsoft Corp would be anti-competitive.Source: Zee News : Business | 11 Jul 2008 | 11:56 am Sensex up 140 pts in early trade!The Bombay Stock Exchange benchmark Sensex rose by 140 points in early trade on Friday on buying by funds in IT stocks on the back of better first quarter results announced by software major Infosys Technologies.Source: Zee News : Business | 11 Jul 2008 | 11:56 am Time right for Asia to eye integration: ADB!The time is right for Asian nations to look at financial integration, the Asian Development Bank said in a new study, stressing the benefits for promoting growth and reducing poverty.Source: Zee News : Business | 11 Jul 2008 | 11:56 am Infosys Q1 rises 21% on weak rupee!On the back of a weaker rupee, country`s second largest software exporter Infosys Technologies Friday reported a 21 percent rise in its net profit to Rs 1,302 crore for the quarter ended June 30, 2008.Source: Zee News : Business | 11 Jul 2008 | 11:56 am WTO issues new farm, industry texts!World Trade Organisation mediators circulated new negotiating texts on Friday that will serve as the blueprint for an outline deal in the WTO`s long-running Doha round, trade officials said.Source: Zee News : Business | 11 Jul 2008 | 11:56 am India's FX reserves at $308.397 bln on July 4MUMBAI (Reuters) - India's foreign exchange reserves fell to $308.397 billion as on July 4, from $311.790 billion a week earlier, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Friday.Source: Reuters: Money News | 11 Jul 2008 | 11:48 am 'Double digit inflation to continue in 2008'P Chidambaram's adviser Shubhashis Gangopadhyay on Friday predicted that double digit inflation will continue throughout the year 2008.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 11:46 am India inflation in double-digits up to Dec - officialNEW DELHI (Reuters) - India's headline inflation rate will stay in double digits until December, and soaring prices are expected to lower economic growth slightly this fiscal year, an adviser to the finance minister said on Friday.Source: Reuters: Money News | 11 Jul 2008 | 11:32 am Go Air to cut another 300 flightsGo Air, the Wadia Group-promoted low cost carrier (LCC) is likely to cut another 300 flights from August in the wake of sky-rocketing oil prices.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 11:30 am Indian shares fall 3.3 pct as Infosys dives 7.2 pctNEW DELHI (Reuters) - Indian shares fell 3.3 percent on Friday, led by export-focused software services companies after bellwether Infosys warned of challenging times ahead and data showed a sharp slowdown in industrial output.Source: Reuters: Money News | 11 Jul 2008 | 11:23 am Government considers Fannie Mae, Freddie Mac takeover: report - Reuters
Source: Google News India - Business | 11 Jul 2008 | 11:17 am StandChart is 'Global Best Private Bank'Standard Chartered Private Bank, on Friday said it has been named the 'Global Best Private Bank' by Euromoney.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 11:14 am Vipul to build housing project in Haryana - Hindu Business Line
Source: Google News India - Business | 11 Jul 2008 | 11:05 am Infosys Q1 net rises 21 pct, shares fall on outlookBANGALORE (Reuters) - India's Infosys Technologies Ltd beat forecasts with a 21 percent rise in quarterly profit but warned of challenging times ahead as its major Western clients battle weakening economies, sending its shares down more than 7 percent.Source: Reuters: Money News | 11 Jul 2008 | 10:55 am Market closes 457 points downThe Indian equities market closed deep in red once again.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 10:30 am Apple 3G iphone global launch todayApple launches the iphone on Friday, its latest and fastest touch-screen, in 22 countries, including the US and the UK. India will have to wait till September.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 9:34 am Aviva extends BPO contract with EXL Svcs till Jan \'12Aviva has extended its outsourcing contract with EXL Services till January 2012. EXL Services will provide services to Aviva out of its Noida facility. The original contract was till July 2009.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 8:54 am Jet, JetLite allowed to operate to DubaiThe last bastion of monopoly among Indian carriers that Air India had on flying to Dubai has fallen with the Government clearing the proposal of Jet Airways and 100 per cent subsidiary JetLite to fly there.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 8:39 am BSNL drags down GSM user base growthGrowth in GSM cellular subscription dipped for the second consecutive month with operators adding 6.3 million new users in June compared to 6.6 million during the previous month.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 8:37 am DoT can go for global auction for 3G: TRAIPaving the way for the Ministry of Communication to go for an open global auction for third generation mobile services, the Telecom Regulatory Authority of India has taken a view that it will not block the move any more.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 8:33 am Finance Ministry says some key commodities stabilisingNEW DELHI (Reuters) - The finance ministry said Friday's data showing annual inflation accelerating towards 12 percent also showed some stability in the prices of some essential commodities.Source: Reuters: Money News | 11 Jul 2008 | 8:07 am Infosys net up 21 percent in first quarterInfosys Technologies Ltd posted net profit of Rs.13.02 billion for the first quarter (April-June) of this fiscal (2008-09), registering 21 percent growth year-on-year (YoY) over the last fiscal (FY 2008) at Rs 10.8 billion.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 6:32 am Infosys projects 28 percent revenue growth for second quarterInfosys Technologies Ltd has estimated a consolidated revenue of Rs.52.7 billion for the second quarter (July-September) of this fiscal (2008-09), projecting 28 percent growth year-on-year (YoY) over the corresponding period of last fiscal (FY 2008) under the Indian accounting practice.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 6:32 am Market trading flat at early tradeThe Indian equities market was trading flat at the early trade Friday.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 5:30 am Designer homes the rage amongst Indian eliteDesigner modular kitchens, grandiose bedrooms, fancy bathrooms, ornate furniture - home fashion has now gone even beyond personal dressing. The 'in' thing today is dressing up your house.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 5:00 am DLF fixes buyback price at Rs 600/share maximumTo utilise up to Rs 1,100 cr to buy 2.2 crore shares. New Delhi, July 10 Real estate company DLF Ltd on Thursday said it would buy back up to 2.2 crore shares at a maximum price of Rs 600 per equity share. ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am Bikes aid Bajaj sales growthProduct mix augurs well for future. In the backdrop of a tough macro-economic environment due to rising inflation and increasing interest rates, Bajaj Auto has reported a 9 per cent year-on-year rise in net sales in the first quarter of the ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am IAEA safeguards to cover civilian nuclear facilitiesDraft says Govt will solely determine and notify facilities. New Delhi, July 10 The Congress-led United Progressive Alliance (UPA) Government, on Thursday, made public the draft text of the Safeguards Agreement negotiated with the ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am PSU stocks turn active on divestment hopesMumbai, July 10 With the change in the political equation in the Centre, public sector stocks seem to have found more buyers in the past few ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am US cuts anti-dumping duty on Indian shrimpsLevy will now be 1.69% for 68 companies. The Second Administrative Review of the anti-dumping duty on shrimp exports from India to the US has in its Final Report slashed the duty to 1.69 per cent. The First Administrative Review had imposed an ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am DoT can go for global auction for 3G: TRAIRegulator’s views on pricing by week-end likely. New Delhi, July 10 Paving the way for the Ministry of Communication to go for an open global auction for third generation mobile services, the Telecom Regulatory Authority of India has ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am Reject Sun’s offer, Taro tells shareholdersSays offer financially inadequate and a ‘sham’. Mumbai, July 10 Less than a fortnight after Sun Pharma pushed ahead with its open offer to acquire outstanding ordinary shares of Taro Pharmaceutical Industries Ltd, the Israeli ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am Sterlite reaches agreement with Asarco unionsMumbai, July 10 Sterlite Industries (India) said that it has reached an agreement with the unions representing the workers of the US-based integrated copper refining company ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am Auto sales sustain growth in JuneSIAM warns of a slowdown in coming months. New Delhi, July 10 Domestic vehicle sales during June have been on a growth trajectory across most categories owing to the lower numbers posted by companies during same period last year. But the ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am Monsoon covers entire country with 5-day leadThiruvananthapuram, July 10 The southwest monsoon has in a ‘delayed push’ covered the remaining parts of Rajasthan on Thursday, thus bringing the entire country five days ahead of the normal schedule of July 15. ...Source: Business Line - Home Page | 11 Jul 2008 | 12:00 am One safe ride for the PMThe Prime Minister of India's next official trip abroad will be far more comfortable than Manmohan Singh's visit to Japan.Source: Business Standard | Front Page Headlines | 10 Jul 2008 | 7:19 pm Wadias cold-shoulder Danone`s offer to exit BritanniaFrench dairy major Groupe Danone's efforts to exit Britannia Industries have met with a lukewarm response from the Wadias.Source: Business Standard | Front Page Headlines | 10 Jul 2008 | 7:18 pm Punters bet high on UPA trust vote winBets of nearly Rs 500 crore have been accepted in the "satta bazzar" or the illegal betting market over the past two days, with punters riding high on odds that the Congress-led United Progressive Alliance (UPA) government will survive a confidence or trust vote in Parliament.Source: Business Standard | Front Page Headlines | 10 Jul 2008 | 7:17 pm SUUTI to offload 17% in Axis BankTo hold on to stakes in ITC, Larsen & Toubro. ??The Special Undertaking of UTI (SUUTI) is set to sell around 17 per cent out of its 27.11 per cent stake in Axis Bank through block deals on the stock market, but will hold on to its stake in L&T and ITC, owing to concerns expressed by the two companies.Source: Business Standard | Front Page Headlines | 10 Jul 2008 | 7:16 pm
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