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Markets may remain lacklustre this week: Analysts !Dalal Street is expected to witness another sluggish period this week, with a host of negative cues like domestic political uncertainty and bearish global scenario, plaguing the investor sentiments, say analysts.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm Punj Lloyd JV firm in talks with NACIL!Swissport Punj Lloyd Pvt Ltd, the joint venture between infrastructure major Punj Lloyd and airport and aviation service provider Swissport International, is believed to be in talks with National Aviation Company of India Ltd for undertaking its ground handling work.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm Remove hurdles for industrial growth: CII!Industry body CII has asked the government to remove hurdles in investments, improve access to capital, fast-track fiscal reforms and boost infrastructure building in the wake of slowing industrial production as indicated by IIP figures for May.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm Telecom Commission to deliberate on 3G policy!Telecom Commission will deliberate on the 3G spectrum auction guidelines formulated by the Department and within the next two weeks the policy will be out, Telecom Minister A Raja said.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm India Inc making foray into Vietnam!After making forays into Chinese and US markets, some of Indian corporates, like Essar and Tata, are entering Vietnam, billed among Asia`s fastest growing markets.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm Inflation will not hit growth: BOI !The runaway double-digit inflation notwithstanding, India`s growth story will continue as long as foreign capital flowed-in but policy makers cannot be lax in taking measures to contain prices, a senior banker said.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm DoT dilutes pricing for excess spectrum; huge losses likely!The Department of Telecom has diluted the proposed pricing of excess spectrum held beyond the contracted limit by mobile operators, which may cause a loss of over Rs 5,000 crore every year to the government.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm Ranbaxy ousts Cipla, tops market share!Gurgaon-based Ranbaxy Laboratories has for the first time in the current Calender year dethroned Cipla from the top slot in Rs 36,000 crore domestic drug market.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm "Inflation to touch 17% by Sept"!Investment banker Barclays Capital has said that inflation may surge to 17 percent by September.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm Indian stocks worst BRIC performers!With the bears strengthening their hold on the domestic stock market, Indian equities have given the worst returns to investors compared to their peers in the three other BRIC nations Brazil, Russia and China so far this year.Source: Zee News : Business | 13 Jul 2008 | 1:22 pm U.S. authority seeks documents from RanbaxyMUMBAI (Reuters) - The U.S. Food and Drug Administration has filed a motion in a U.S. court seeking documents from Indian drugmaker Ranbaxy Laboratories Ltd as part of an ongoing investigation, a Ranbaxy spokesman said on Sunday.Source: Reuters: Money News | 13 Jul 2008 | 9:24 am Petrol, diesel shortage hit ChhattisgarhChhattisgarh is facing an acute shortage of petrol and diesel since Saturday, which has led to chaotic scenes at retail outlets Sunday.Source: IndiaeNews.com: Business News | 13 Jul 2008 | 9:00 am Tidco focusing on infrastructure development to lure investorsThe Tamil Nadu Industrial Development Corp Ltd (Tidco), the investment promotion arm of the state government, is now focusing on good infrastructure and road connectivity to lure investors, a top official has said.Source: IndiaeNews.com: Business News | 13 Jul 2008 | 8:01 am 'SEZs driving forces of economic growth'India's booming economy will scale further heights if steps like special economic zones (SEZs) are executed effectively, says Rashid Alleem of Hamriyah Free Zone Authority (HFZA), Sharjah.Source: IndiaeNews.com: Business News | 13 Jul 2008 | 7:30 am DoT dilutes pricing for excess spectrum; may cause huge losses - Economic Times
Source: Google News India - Business | 13 Jul 2008 | 7:30 am Inflation to touch 17 pc by September: Barclays - Economic Times
Source: Google News India - Business | 13 Jul 2008 | 6:05 am India's British sterling success storyIndian businesses have created at least 19,000 new jobs in Britain in the past 12 months and helped save some 14,000 existing ones, British Deputy High Commissioner Mike Connor says.Source: IndiaeNews.com: Business News | 13 Jul 2008 | 6:00 am Yahoo rejects joint Microsoft, Icahn proposalSAN FRANCISCO (Reuters) - Yahoo Inc said on Saturday it has rejected a joint proposal from Microsoft Corp and activist investor Carl Icahn that would have involved selling its search business to the software maker.Source: Reuters: Money News | 13 Jul 2008 | 5:46 am SpiceJet CEO Siddhanta Sharma quits - Hindu
Source: Google News India - Business | 13 Jul 2008 | 5:30 am Water, water everywhere in Kerala, but very little to drinkBoasting of sufficient rainfall, 44 rivers, thousands of streams and a number of lakes, Kerala ironically has less water available per person than drought-hit states of Rajasthan and Gujarat, says a World Bank report.Source: IndiaeNews.com: Business News | 13 Jul 2008 | 5:30 am "Prudent steps" will help Freddie, Fannie: Obama - Reuters
Source: Google News India - Business | 13 Jul 2008 | 5:10 am WITNESS - So, he asked me, when will oil come down?MADRID (Reuters) - I sank into my seat in the air-conditioned taxi. Heading home from the World Petroleum Congress, exhausted by days pestering top oil producers about when prices might come down, I gazed at the parched scrubland around Madrid.Source: Reuters: Money News | 13 Jul 2008 | 4:41 am Geojit reports 55% drop in netMumbai, July 12 Geojit Financial Services reported a 55 per cent drop in its standalone net profit at Rs 4.93 crore against Rs 10.96 crore in the same year ago quarter. Total income rose 12.5 per cent to Rs 39.52 crore (Rs 35.12 crore). ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Railways may procure bio-diesel at Rs 31.34/litreMalaysian co Carotech in venture with Khard may supply bulk of requirement. New Delhi, July 12 Indian Railways is likely to procure bio-diesel at Rs 31.34 a litre, which is about Rs 3-3.50 lower than the price it currently pays for high-speed ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Weekly News Round-upBowing to the demands of the domestic spinning industry, the Centre has scrapped basic customs duty as well as special additional duty of customs on raw cotton imports to boost supplies and soften domestic ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Institutional investors buy ‘out-of-favour’ sectors in JulyFIIs continue to ‘net sell’ in bulk deals. What are institutional investors buying, with the Sensex hovering at 13k levels? ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Nuclear power prospects uncertain: Worldwatch InstituteMumbai, July 12 Worsening energy crunch, rising fossil fuel prices and environmental concerns, and in turn their combined impact on global economic growth, have trained attention on energy options including renewables and nuclear. ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Exchange-traded currency futures likely to take off by mid-AugustRBI-SEBI technical panel begins talks on interest-rate futures. New Delhi, July 12 Exchange-traded currency futures will become a reality in the Indian market in the next three-to-four weeks. ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Silk exports post 25% growth despite strong rupeeHigh demand from US and European Union markets. New Delhi, July 12 Despite rupee appreciation throughout last fiscal, the country’s silk exports comprising mainly natural silk, fabrics, made-ups, readymade garments, silk carpets and silk ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am Tatas plan foray in global financial servicesSet to float subsidiary in Singapore; big opportunities overseas seen. Mumbai, July 12 Buoyed by its successful overseas forays in the manufacturing sector, the Tata Group is now testing the waters in international financial ...Source: Business Line - Home Page | 13 Jul 2008 | 12:00 am SpiceJet CEO steps downSiddhanta Sharma, CEO and executive chairman of low-cost domestic carrier SpiceJet, stepped down on Saturday citing personal reasons.Source: Daily News & Analysis: Money News | 12 Jul 2008 | 7:13 pm US regulators seize Mac BancorpIndyMac Bancorp became the second-biggest federally insured financial company to be seized by U S regulators after a run by depositors left the California mortgage lender short on cash.Source: Business Standard | Front Page Headlines | 12 Jul 2008 | 7:07 pm Bangalore airport capacity may doubleCivil aviation minister Praful Patel has directed Bangalore International Airport Limited (BIAL), the Siemens-led private consortium developing the new greenfield airport, to increase its capacity to handle passengers.Source: Business Standard | Front Page Headlines | 12 Jul 2008 | 7:06 pm US sues Ranbaxy for forging dataPharma major denies charges, to file response tomorrow.??The US government has filed a suit against Ranbaxy Laboratories, India's largest pharmaceutical company, and its US-based consultant Parexel Consulting for concealing and forging crucial data to get a favourable judgement on an ongoing investigation into the sale of sub-standard drugs in that country.Source: Business Standard | Front Page Headlines | 12 Jul 2008 | 6:59 pm Paulson cool to shield Fannie/Freddie investors - WSJWASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit the mortgage finance firms' shareholders, the Wall Street Journal said on Saturday.Source: Reuters: Money News | 12 Jul 2008 | 6:35 pm NLC unions to go on strike from July 18The Pattali Thozhil Sangam (PTS), the PMK-backed workers union at Neyveli Lignite Corp Ltd (NLC), and 10 other unrecognised unions Saturday called an indefinite strike from July 18 to demand an early wage revision.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 6:30 pm Exchange-traded currency futures likely to take off by mid-August - Hindu Business Line
Source: Google News India - Business | 12 Jul 2008 | 6:13 pm Indirect tax mop-up in Mumbai may rise 31% this fiscal - Hindu Business Line
Source: Google News India - Business | 12 Jul 2008 | 6:13 pm Area under rice cultivation goes upThe area under rice cultivation in India has risen to 9.2 million hectares from 8.6 million hectares a year ago, official figures show.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 5:31 pm Andhra Pradesh announces weekly electricity holiday for industryFaced with an acute electricity shortage, Andhra Pradesh Saturday announced one-day electricity holiday in a week for industry and two to six hours of power cut for residences.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 5:30 pm SpiceJet CEO quitsSiddhanta Sharma, CEO and executive chairman of low-cost domestic carrier SpiceJet, stepped down Saturday citing personal reasons.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 4:31 pm Fisherman dies as boat collides with dredgerA fisherman was killed and two others were injured when their boat collided with a dredger off the Tamil Nadu coast early Saturday, officials said.Source: IndiaeNews.com: Business News | 12 Jul 2008 | 3:30 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 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 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
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