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Regional airlines delay new operationsRising fuel and operational costs have put regional airlines in a fix, delaying their plans to launch new operations.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 2:30 pm Avalon to start aviation training in RanchiAvalon Aviation Academy, the aviation training wing of global learning solutions company Aptech Ltd, Saturday announced that it would start training programmes in Ranchi from Monday.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 2:00 pm Talks go on behind the scenes for rescue plan - Financial Times
Source: Google News India - Business | 12 Jul 2008 | 1:44 pm iPhone debuts big in BlackBerry countryApple's iPhone 3G debuted in the country of BlackBerry on Friday with an unprecedented response.Source: Daily News & Analysis: Money News | 12 Jul 2008 | 1:32 pm Apple's iPhone 3G - what's differentThe Indian customer is waiting eagerly for what is currently the world's most wanted gizmo. So what does Apple's new baby have that its peers don't?Source: Daily News & Analysis: Money News | 12 Jul 2008 | 1:30 pm Unruly passenger forces Qatar Airways to divert flightA Bangkok-bound Qatar Airways flight was diverted to Mumbai early Saturday after a passenger misbehaved on board, an airport official here said.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 1:00 pm 'Insurance firms cannot reassess vehicle's marker value'A consumer court has ruled that insurance companies cannot re-asses the market value of a vehicle after it is damaged in an accident or is stolen.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 1:00 pm `India`s trade environment most favourable in South Asia`!India`s trade environment is more favourable compared to its other South Asian neighbours with the trade tarriffs in the country substantially reduced since the nineties, a World Bank report said.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm Citigroup may sell its stake in HDFC!World`s biggest bank Citigroup is planning to sell its stake in the country`s housing finance major HDFC to private equity firm Oman Investment Corporation for about USD 1.5 billion, a media report said.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm VAS industry to touch Rs 20,000 crore by 2015: Report!Riding high on the success of music, ringtones and other innovative multimedia applications, the Value Added Services (VAS) industry is expected to touch revenue of Rs 20,000 crore by 2015, says a report.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm Banking regulators close IndyMac!IndyMac Bank`s assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosuresSource: Zee News : Business | 12 Jul 2008 | 12:49 pm Industrial growth plunges to 3.8%!Industrial growth plunged to 3.8 per cent in May, as compared to 10.6 per cent a year-ago, due to poor showing of manufacturing and electricity sector.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm Firms fined for tobacco price-fixing: British watchdog!Six retailers and tobacco firms have agreed to pay combined fines of more than 130 million pounds after admitting "unlawful practices" relating to retail tobacco prices, the Office of Fair Trading said.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm HK charges ex-Morgan banker with insider dealing!A former Morgan Stanley managing director has been arrested and charged in Hong Kong with insider dealing linked to trades in CITIC Resources Holdings Ltd , the territory`s financial regulatory body said.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm Fortis chief Votron steps down!The chief executive officer of Belgian-Dutch bank Fortis stepped down Friday, the bank said, amid shareholder anger over his handling of problems arising partly from the US subprime crisis.Source: Zee News : Business | 12 Jul 2008 | 12:49 pm World Bank's Zoellick - Food prices high until 2012AMSTERDAM (Reuters) - World Bank President Robert Zoellick said on Saturday he expected food prices to remain above 2004 levels until at least 2012 and energy prices would also remain high and volatile.Source: Reuters: Money News | 12 Jul 2008 | 12:13 pm Branson predicts "spectacular" airline casualtiesLONDON (Reuters) - There will be "spectacular casualties" in the airline industry over the next 12 months, billionaire Richard Branson, the owner of Britain's No. 2 long-haul airline Virgin Atlantic, was quoted as saying on Saturday.Source: Reuters: Money News | 12 Jul 2008 | 12:11 pm Infosys arrests attrition; credits global slowdownA lower attrition level may just be the silver lining in the global slowdown for Infosys. The company has been able to arrest attrition in the first quarter of this year thanks to fewer job opportunities in the market for IT professionals.Source: Moneycontrol Top Headlines | 12 Jul 2008 | 12:10 pm Industrial apprenticeships for Uttar Pradesh madrassa studentsThe Uttar Pradesh Madrassa Board will provide apprenticeships to the students enrolled with its mini Industrial Training Institutes (ITIs) operating in several seminaries across the state, an official said Saturday.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 11:30 am Market recovers marginally after seven weeks of lossOn the back of rising inflation, crude oil prices and the political turmoil on the domestic front, the Indian equities market ended the week with a minimal gain after registering losses for seven weeks in a row.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 9:31 am Indian firm wins Bangladesh wheat tenderDHAKA (Reuters) - India's LMJ International has won a Bangladesh tender to supply 100,000 tonnes of soft red winter wheat at $419 per tonne, a senior Bangladeshi food ministry official said on Saturday.Source: Reuters: Money News | 12 Jul 2008 | 9:23 am Maruti, Hyundai woo rival car ownersAt a time when domestic automotive manufacturers are wooing carowners with loyalty programmes and retaining them with sops and upgrades, two recent ads from Maruti and Hyundai are directly wooing rival carowners with attractive inducements at lower EMIs.Source: Moneycontrol Top Headlines | 12 Jul 2008 | 9:09 am TAFE Access to open Tata Motors dealership in ChennaiTAFE Access Ltd, a subsidiary of Tractors and Farm Equipments Ltd (TAFE), which recently gave up dealership of Hyundai, on Friday became one of Tata Motors dealers in Chennai, under a new name, TAFE Reach.Source: Moneycontrol Top Headlines | 12 Jul 2008 | 9:00 am ONGC enters 1st gas sales pact for coalbed methaneOil and Natural Gas Corp Ltd has entered into a firm pact for supply of gas to Calcutta Compressor and Liquifaction Ltd (CCL) from its Jharia coalbed methane field in Jharkhand. The supply will begin in end 2008.Source: Moneycontrol Top Headlines | 12 Jul 2008 | 8:58 am Bajaj steps towards policy portability - Sify
Source: Google News India - Business | 12 Jul 2008 | 7:41 am HCL Technologies set to take $65-75m forex hit - Sify
Source: Google News India - Business | 12 Jul 2008 | 7:32 am 'India needs to improve food product standards'India needs to improve the standards of its food products to acquire a competitive edge in the global market, says Sanjay Dave, the first Indian vice-chair of the Rome-based Codex Alimentarius Commission (CAC), an international organisation that aims at promoting food safety globally.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 7:01 am China says further agriculture gains difficultBEIJING (Reuters) - After several years of bumper crops, China's agriculture ministry warned natural disasters, lack of local investment, and less intensive farming methods are combining to restrict production growth.Source: Reuters: Money News | 12 Jul 2008 | 6:48 am Aviva extends BPO contract with EXL Svcs - Moneycontrol.com
Source: Google News India - Business | 12 Jul 2008 | 6:46 am Broadband auction base price to rise - Sify
Source: Google News India - Business | 12 Jul 2008 | 5:31 am Apple's iPhone 3G - what's differentAfter the much-awaited launch of Apple's 3G iPhone Friday and announcements by Vodafone and Airtel regarding its introduction in India in September, the Indian customer is waiting eagerly for what is currently the world's most wanted gizmo. So what does Apple's new baby have that its peers don't?Source: IndiaeNews.com: Business News | 12 Jul 2008 | 5:31 am Air traffic fell by 4% in June - Sify
Source: Google News India - Business | 12 Jul 2008 | 4:22 am Sebi for easing financial reporting norms - Sify
Source: Google News India - Business | 12 Jul 2008 | 4:04 am Saudis agree to defer Pakistan's oil payments - FTSINGAPORE (Reuters) - Saudi Arabia has agreed in principle to defer payments for crude oil sales to Pakistan expected to be worth about $5.9 billion during Pakistan's present July-June financial year, The Financial Times reported on Saturday.Source: Reuters: Money News | 12 Jul 2008 | 3:59 am Fannie, Freddie say they have plenty of capitalWASHINGTON (Reuters) - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country's two largest mortgage finance companies.Source: Reuters: Money News | 12 Jul 2008 | 2:50 am Fannie and Freddie fears, oil over $147 hit Wall StNEW YORK (Reuters) - U.S. stocks tumbled on Friday as fears about the stability of the top two home financing providers, Fannie Mae and Freddie Mac, combined with oil at a record above $147 to cloud the economic outlook.Source: Reuters: Money News | 12 Jul 2008 | 1:05 am "Sectorals" key to Doha deal - U.S. manufacturersWASHINGTON (Reuters) - U.S. manufacturers urged Brazil, India, China and other major developing countries on Friday to agree to eliminate tariffs in key industrial sectors to help reach a deal in long-running world trade talks.Source: Reuters: Money News | 12 Jul 2008 | 12:58 am Infosys logs 6.9% higher Q1 net - Economic Times
Source: Google News India - Business | 12 Jul 2008 | 12:41 am Cotton acreage drops 38% on extended dry spellCrop diversion sees higher coverage of maize, soya, groundnut. New Delhi, July 11 An extended dry spell across the peninsula has led to a 38 per cent dip in area sown under cotton during the ongoing kharif season. ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Markets this weekPolitical turmoil over the civil nuclear deal took centrestage this week, with both Left parties and the SP playing their cards close to the chest. Investors, driven by stop-go signals were evenly poised as the Sensex on Monday was up by ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Disquiet in South drains rain surplus to 10%23 meteorological sub-divisions register surplus-to-normal rainfall. Thiruvananthapuram, July 11 All-India area weighed rainfall surplus for the country as a whole until Wednesday (July 9) has more than halved week-on-week to 10 per cent ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Cautious optimism is Infosys guidanceChallenges remain; client sentiment is down. Chennai, July 11 The negative sentiment in the West (triggered by the mortgage crisis in the financial services industry) still lingers, giving some cause for concern among IT services providers in ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Infosys Q1 net rises 20.7% on the back of falling rupeeMargins hit due to salary, visa costs; ‘cautiously optimistic’ in near term. Bangalore, July 11 Infosys Technologies Ltd reported a 20.7 per cent increase in first quarter net profit that beat estimates, partly helped by a ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am ONGC enters 1st gas sales pact for coal-bed methaneSupply to Calcutta Compressor to begin year-end. Kolkata, July 11 Oil and Natural Gas Corp Ltd has entered into a firm pact for supply of gas to Calcutta Compressor and Liquifaction Ltd (CC&L) from its Jharia coal-bed methane field in ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Maruti, Hyundai woo rival car ownersInducements include upgrade offers, lower EMIs. Hyderabad, July 11 At a time when domestic automotive manufacturers are wooing car-owners with loyalty programmes and retaining them with sops and upgrades, two recent ads from Maruti and ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am OECD indicators signal intensified slowdownData for China, Russia show continued expansion. Mumbai, July 11 Latest data (composite leading indicators) from the OECD secretariat signal intensified slowdown of economic activity among OECD members, mainly industrialised economies. ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Investor interest in uranium increasingFocus on nuclear energy as coal, crude oil prices soar. Mumbai, July 11 Energy is the most critical input to fuel economic growth. With crude oil and coal prices rising to astronomical levels and no respite in sight anytime soon, attention is ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Inflation rise continues, touches 11.89%New Delhi, July 11 Annual inflation, measured by the Wholesale Price Index, surged further to 11.89 per cent during the week ended June 28. ...Source: Business Line - Home Page | 12 Jul 2008 | 12:00 am Inflation, plunging IIP bring markets down - Economic Times
Source: Google News India - Business | 11 Jul 2008 | 11:14 pm 'Equus merger not on cards'When DNA Money's Arcopol Chaudhuri visited the Grey office on Wednesday, a quick tour of the workplace revealed that life has moved on at this agency, which has seen many a creative talent.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:38 pm The 'house money' effectInvesting in the stock market can become an obsession, what with so much information available so freely - on financial news channels, newspapers, magazines and portals.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:37 pm Industry output hits six-year low - Economic Times
Source: Google News India - Business | 11 Jul 2008 | 10:36 pm High inflation makes FMPs a good pickThe phenomenon of high inflation has become an accepted fact. It is also not expected to cool down any time soon.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:34 pm Sebi for easing financial reporting normsThe market regulator Securities and Exchange Board of India (Sebi) has offered some relief to listed entities by proposing amendments to the Clause 41 of the Listing Agreement.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:32 pm Himalaya Drug to focus onThe consumer products division of The Himalaya Drug Company has chalked out a new business strategy, where it will now focus only on bigger cities, and expand.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:30 pm Athena Energy to set up 1,320-mw power plantAthena Energy Ventures Pvt Ltd, a joint venture between Power Trading Corp, Hyderabad-based Athena Projects Pvt Ltd and IDFC, is setting up a 1,320-mw coal-fired power plant.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:29 pm GM pins sales hopes on lending armGeneral Motors India is betting on its financing arm besides the recent price-cut on flagship Spark and the launch of its used car business to boost demand for its products.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:27 pm Sequoia Capital looking at increasing seed investments in IndiaTough times encourage innovation and enterprise. It seems venture funds believe in this old adage, especially when it comes to their India plans.Source: Daily News & Analysis: Money News | 11 Jul 2008 | 10:26 pm Rate Shock: India Inc braces for doubledigit loansNo corporate is going to be able to access money at single digits in the near future. The minimum rate for a loan of any tenure has jumped to 10.5 % from just 8.5% last quarter. With banks now offering 1010.5% for oneyear deposits, the cost of money is only set to go higher.Source: Moneycontrol Top Headlines | 11 Jul 2008 | 8:53 pm Oil hits record above $147 on Iran, NigeriaNEW YORK (Reuters) - Oil prices jumped $5 to a record high above $147 a barrel on Friday amid growing worries about threats to supplies from Iran and Nigeria and a strike by Brazilian oil workers next week.Source: Reuters: Money News | 11 Jul 2008 | 8:32 pm Govt turns down security ok to Singtel projectThe ministry of home affairs has raised objections to extending Singtel Australia Holdings Pte's security clearance for a joint venture for national and international long-distance and internet services in India.Source: Business Standard | Front Page Headlines | 11 Jul 2008 | 6:43 pm Black Friday for Indian economyGOING FOR BROKE: Lok Sabha to convene on July 21, trust vote on July 22.Source: Business Standard | Front Page Headlines | 11 Jul 2008 | 6:39 pm Raipur shops to remain open till 10 p.m.There is good news for shoppers in this Chhattisgarh capital as the government may allow shops to remain open for two more hours by extending the closure time to 10 p.m., a senior government official said Friday.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 6:33 pm Maharashtra transport to induct 2,500 new busesThe Maharashtra State Road Transport Corporation (MSRTC) will induct 2,500 new buses of varying standards to its 15,600-strong fleet, a statement said here Friday.Source: IndiaeNews.com: Business News | 11 Jul 2008 | 6:33 pm 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 World economy between recession and inflation - IMFYALTA, Ukraine (Reuters) - The world's economy is teetering between "the ice of recession and the fire of inflation", but may see some recovery by early next year, IMF Managing Director Dominique Strauss-Kahn said on Friday.Source: Reuters: Money News | 11 Jul 2008 | 4:34 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
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