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IOC to incur losses in Q1 if not given bondsIOC said that the company will incur losses in Q1 if it is not given bonds, reports CNBCTV18. It expects the government to issue bonds worth Rs 20,000 crore to oil companies. IOC has sought nod for ECBs worth USD 500 million per year versus the USD 50 million permitted.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 4:24 pm Ambani vs Ambani: Mukesh to meet Sonia Gandhi todayReliance Industries\' owner and the country\'s richest man, Mukesh Ambani is going to meet Congress President Sonia Gandhi on Monday evening. He is also meeting the Petroleum Minister Murli Deora and the Cabinet Secretary.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 4:14 pm Bernanke: new mortgage rules to protect consumersWASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke on Monday said new final mortgage rules are aimed at protecting consumers from deceptive lending practices that led to many unaffordable subprime loans.Source: Reuters: Money News | 14 Jul 2008 | 2:11 pm Ranbaxy shares fall 10.5 pct on U.S. probeNEW DELHI (Reuters) - Shares in Ranbaxy Laboratories Ltd fell more than 10 percent on Monday, their biggest drop in seven years, on concerns a U.S. probe may hit its U.S. sales and hamper a takeover by Japanese drug maker Daiichi Sankyo.Source: Reuters: Money News | 14 Jul 2008 | 2:07 pm Blue Star bags order from Delhi MetroBlue Star has been awarded an order of Rs 104 crore by the Delhi Metro Rail Corporation (DMRC) for total air-conditioning works of seven metro stations.Source: Daily News & Analysis: Money News | 14 Jul 2008 | 1:50 pm Wall St rises on Fannie, Freddie rescue planNEW YORK (Reuters) - U.S. stocks opened higher on Monday, buoyed by the government's rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and optimism about a $52 billion deal to acquire No. 1 U.S. brewer Anheuser-Busch Cos Inc.Source: Reuters: Money News | 14 Jul 2008 | 1:40 pm Axis Q1 net jumps, shares fall on provisionsMUMBAI (Reuters) - Axis Bank beat forecasts with an 89 percent rise in quarterly profits and a top official was upbeat on loan demand, but its shares fell 5 percent as depreciating investments helped provisions almost treble.Source: Reuters: Money News | 14 Jul 2008 | 1:38 pm Icahn files proxy, steps up Yahoo fightNEW YORK (Reuters) - Billionaire investor Carl Icahn filed a proxy on Monday to nominate a slate of nine directors to replace Yahoo Inc's board and chief executive after the Internet company rejected Microsoft Corp's latest proposal to buy its search business.Source: Reuters: Money News | 14 Jul 2008 | 1:36 pm US furniture chain in SEZs as part of India retail planIndo Rama Retail Holdings Pvt Ltd, the Indian franchisee of the US-based Office1Superstores, is planning to set up stores inside special economic zones (SEZ) as part of its ambitous plans to set up a chain of stores across the country to cater to the growing demand for quality office stationery.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 1:31 pm Himachal Pradesh to promote wind power energyBuoyed by the success of hydro power projects, the Himachal Pradesh government is now planning to tap wind power potential in a big way.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 1:30 pm KSK Energy Ventures ends with 20% discount - Moneycontrol.com
Source: Google News India - Business | 14 Jul 2008 | 1:25 pm FOREX-Dollar rallies on US mortgage finance rescue plan - Reuters
Source: Google News India - Business | 14 Jul 2008 | 1:16 pm Customs, excise duty kitty up 11.5% in Apr-June - Business Standard
Source: Google News India - Business | 14 Jul 2008 | 1:04 pm A village council that gives credit cards to villagersMost households in the Jaltara village in Madhya Pradesh's tribal dominated Mandla district have credit cards. The village council, in an unique initiative, has provided them cards that enable villagers to avail low-erest loans to support their livelihood activities.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 1:00 pm Motorola launches co-branded handset with FerrariMotorola said on Monday it has joined hands with Italian sports car manufacturer Ferrari to launch a co-branded 3G-enabled handset priced at Rs 21,840Source: Daily News & Analysis: Money News | 14 Jul 2008 | 12:52 pm Ranbaxy to file response denying allegation in US - Business Standard
Source: Google News India - Business | 14 Jul 2008 | 12:37 pm Nine years on, court issues notice on Chennai steel marketGovernment decisions often remain only on files to be forgotten -- but a 9-year-old unimplemented order has drawn notice of the high court here following a PIL.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 12:31 pm Ahlstrom to set up Rs.2.8 bn fabric plant in GujaratSingapore-based Ahlstrom Asia Holding has announced setting up of a fabric manufacturing plant in Mundra special economic zone (SEZ) in Kutch district of Gujarat with a proposed investment of Rs.2.8 billion.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 12:30 pm Markets down, Sensex 139 points lowerMarkers remained weak for the third straight session on Monday with the benchmark Sensex closing lower by nearly 140 points.Source: Daily News & Analysis: Money News | 14 Jul 2008 | 12:26 pm Anheuser-Busch Agrees to Be Sold for $52 Billion - New York Times
Source: Google News India - Business | 14 Jul 2008 | 12:23 pm India gold futures seen coasting to new highsMUMBAI (Reuters) - Indian gold futures are seen making new highs on the Multi Commodity Exchange of India Ltd (MCX) this week fuelled by Middle East tensions and heavy investment purchases, commodity brokerages said.Source: Reuters: Money News | 14 Jul 2008 | 12:22 pm Harrisons Malayalam sees tea exports up 20 pctMUMBAI (Reuters) - Harrisons Malayalam Ltd, the largest tea producer in south India, is expecting tea exports to rise 20 percent in 2008/09 on higher production, a senior official said on Monday.Source: Reuters: Money News | 14 Jul 2008 | 12:05 pm Indian firm acquires Germany's top ceramic filter makersIFGL Refractories has acquired Germany-based Hofmann Group of Companies, leading manufacturers of ceramic special filters used by foundries, July 4, said company director and chief executive Pradeep Bajoria here Monday.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 12:00 pm GM signs MoU to train ITI students in automative technology - Sify
Source: Google News India - Business | 14 Jul 2008 | 11:53 am Record crude to boost India shipbuilding indMUMBAI (Reuters) - Indian shipbuilding firms are expanding capacities to exploit the offshore oil exploration segment as record oil prices create huge potential for deep-sea drilling, pushing demand for rigs and service platforms.Source: Reuters: Money News | 14 Jul 2008 | 11:49 am UPDATE 1-Madhucon Projects gets 9.9 bln rupees contract - Reuters India
Source: Google News India - Business | 14 Jul 2008 | 11:44 am Study to enhance growth tehnical textiles - Business Standard
Source: Google News India - Business | 14 Jul 2008 | 11:43 am New insurance product for expat IndiansLIC (International), the global subsidiary of India's Life Insurance Corporation, has launched a new insurance product targeted at expatriate Indians.Source: Daily News & Analysis: Money News | 14 Jul 2008 | 11:38 am ICICI says investment strong despite tighteningBANGALORE (Reuters) - Corporate investment in India remains strong despite recent monetary tightening and rising input costs, including soaring crude oil, the chief of ICICI Bank said on Monday.Source: Reuters: Money News | 14 Jul 2008 | 11:32 am UPDATE 1-ICICI says investment strong despite tightening - Reuters India
Source: Google News India - Business | 14 Jul 2008 | 11:28 am Indian shares drop 1 pct; Ranbaxy tumblesMUMBAI (Reuters) - Indian shares fell 1 percent on Monday, led by outsourcing firms Infosys Technologies and Satyam Computer Services on concerns U.S. technology spending would slow down further.Source: Reuters: Money News | 14 Jul 2008 | 11:23 am CAT Dates Announced: Fees Revised - TopNews
Source: Google News India - Business | 14 Jul 2008 | 11:19 am MTN going back to Bharti!: MediaThe South African media has started speculating that telecom giant MTN could look at a "less controversial" deal with Bharti Airtel instead of RCOM.Source: Daily News & Analysis: Money News | 14 Jul 2008 | 11:18 am Daiichi firm on Ranbaxy buyout despite US FDA actionDaiichi Sankyo has said that the company has not made any changes in their acquisition plans for Ranbaxy. The company also said that they knew that US FDA has investigated the Ranbaxy facilities. At this stage Daiichi Sankyo and Ranbaxy will remain two independent companies, it said.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 11:10 am Videocon identifies sites for logistics centresVideocon Industries has identified sites in more than 100 cities for setting up logistics centres under a new joint venture with Japanese firms Mitsui and Hitachi.Source: Daily News & Analysis: Money News | 14 Jul 2008 | 11:06 am Market ends with loss in choppy tradeMumbai, July 14 (IANS )The Indian equities market ended the day with loss amidst choppy trade. Selling pressure was witnessed by technology, FMCG and select banking stocks.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 11:00 am Indo Rama to set up US branded furniture chain in India SEZsIndo Rama Retail Holdings Pvt Ltd, the Indian franchisee of the US-based Office1Superstores, is planning to set up stores inside the special economic zones (SEZ) of India.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 10:31 am Market closes 140 points downThe Indian equities market closed with a loss Monday.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 10:30 am Power-cuts rile Tamil Nadu industrialists, farmersUnannounced power-cuts have triggered state-wide ire, said opposition sources and farmer bodies' representatives in Tamil Nadu Monday.Source: IndiaeNews.com: Business News | 14 Jul 2008 | 10:30 am SpiceJet deal: Worries for WL Ross?USbased billionaire Wilbur Ross, who has shown interest in investing in SpiceJet, might be worried by SpiceJet having advance booked tickets for sixeight months.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 9:02 am Maytas Properties to develop three IT SEZsMaytas Properties, a realestate infrastructure company backed by the promoters of Satyam Computer Services, has lined up three IT special economic zones (SEZs) in the State capital in a total extent of 148 acres.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 8:52 am US FDA hauls up Ranbaxy for fraudulent conductThe US FDA (US Food and Drug Administration) will take Ranbaxy to court for systematic fraudulent conduct. The US FDA believes violations have resulted in adulterated and misbranded drugs. That\'s not all; the FDA has asked the Court to force Ranbaxy to do internal review of its manufacturing operations in India.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 8:51 am Union Bank now lending to hawkers, vendorsTaking financial inclusion one step further, Union Bank of India has started giving loans to hawkers and vendors, through biometric cards. The pilot project was launched in Dharavi, in Mumbai, about 10 days ago, said Mr Laxman Rao, General Manager, Priority Sector, Union Bank of India.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 8:47 am Ansal API launches hitech city projectReal estate company Ansal Properties and Infrastructure Ltd (Ansal API) on Saturday announced the launch of its hitech city project The Megapolis. The UP Government approved township adjoining Greater Noida would be spread over 2,500 acres and is extendable to about 9,000 acres.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 8:46 am Travel portals biz face severe slowdownThe travel portal across India are facing major slowdown in their business, courtesy air tickets. Air ticketing, which comprises 60 to 70% of their business is facing a severe slowdown. Add to that the fact that commissions are crashing. They are down from 7% in 2001 to 5% in 2005, to possibly zero by October this year.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 8:45 am IT spend in India to touch $35 b by 2011The total IT spend by Indian companies is estimated to reach $35 billion by 2011, with small medium businesses (SMBs) accounting for $ 89 billion. Of the total estimated IT spend of $35 billion, the spend on IT services will be of the order of $8.1 billion by 2011, according to IT market research organisation Springboard Research.Source: Moneycontrol Top Headlines | 14 Jul 2008 | 8:41 am ILFC may order 300 planes from Airbus, Boeing!International Lease Finance Corporation (ILFC), the world`s biggest aircraft lessor, may soon order about 300 planes from Boeing Company and Airbus SAS to meet demand from airlines which are suffering financially due to high oil prices and can no longer afford to buy their own jetliners.Source: Zee News : Business | 14 Jul 2008 | 12:37 am Bajaj, Royal Enfield patent row brews up!A patent row is brewing up between Bajaj Auto and Royal Enfield over twin-spark technology with the Pune-based firm insisting it would `study` Thunderbird Twinspark 350 cc of the latter, despite claims of non-infringement.Source: Zee News : Business | 14 Jul 2008 | 12:37 am Posco take-off in Orissa uncertain!Uncertainty looms large over the take-off of steel giant Posco`s Rs 51,000 crore project in Orissa due to inordinate delay in land acquisition.Source: Zee News : Business | 14 Jul 2008 | 12:37 am CMZ norms to facilitate Navi Mumbai airport construction!The central government`s notification on Coastal Management Zone (CMZ) has made the way easier for construction of greenfield airport proposed in neighbouring Navi Mumbai.Source: Zee News : Business | 14 Jul 2008 | 12:37 am China`s auto growth down this year!China`s auto import growth has slowed down in the first five months of 2008 after a tightened control that denies refitted and stolen motor vehicles access to the country`s market, the customs said.Source: Zee News : Business | 14 Jul 2008 | 12:37 am FM non-committal on further tax cuts to contain inflation!Finance Minister P Chidambaram has said that government could not continue to reduce taxes on various items to contain inflation but there was a need for moderating demand of affluent sections to curb rising prices.Source: Zee News : Business | 14 Jul 2008 | 12:37 am USFDA sues Ranbaxy over `systematic fraudulent conduct`!American health regulator USFDA has filed a motion in a US court seeking `certain` documents from Ranbaxy, amid reports of systematic fraudulent conduct, which the company denied.Source: Zee News : Business | 14 Jul 2008 | 12:37 am ArcelorMittal`s plants to start operations by 2012!World`s biggest steelmaker ArcelorMittal`s India plants are making good progress and are scheduled to start operations by 2012, CFO of the world`s top producer of the alloy Aditya Mittal has said.Source: Zee News : Business | 14 Jul 2008 | 12:37 am Idhasoft close to sealing 2 US acquisitions worth Rs 200 cr!IT major, Idhasoft, is close to sealing two acquisitions worth Rs 200 crore in the US, a top company official said.Source: Zee News : Business | 14 Jul 2008 | 12:37 am Iran Oil Min, Gazprom to sign cooperation MoU !The Russian Gazprom Corporation and the Iranian Oil Ministry will sign a memorandum on mutual understanding on cooperation in the oil and gas sphere in Tehran on Sunday, reported state-owned television of the Islamic Republic, referring to Iranian Deputy Oil Minister Hossein Nogrekar Shirazi.Source: Zee News : Business | 14 Jul 2008 | 12:37 am Private players corner over 50% of power trading bizNew Delhi, July 13 Private sector players are beginning to flex their muscles in the newly opened power trading business. ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Bullish momentum may continue in goldMetal may face resistance at $979; crude set to test $150. Chennai, July 13 Gold has its own charm. Not for nothing it is seen as a safe-haven investment. In the last couple of months, after it hit $1,000, the yellow metal has been keeping a ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Wheat supplies predicted to surpass rise in consumptionChennai, July 13 Global wheat prices are likely to average at $320 a tonne during the 2008-09 crop year (July-June) against $362 during 2007-08, according to Abare, Australia’s independent agricultural research and economics ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Alstom Projects (Rs 407.65): SellWe recommend a sell in Alstom Projects from a short-term perspective. From the charts of Alstom Projects we note that the stock has been on long-term downtrend from its January 2008 high of Rs 1,085 level, forming lower peaks and lower troughs ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Rains may revive over Kerala coast this weekThiruvananthapuram, July 13 Deliverance from the worsening moisture stress in the south handed down by a truant monsoon hinges on early signals of a revival along the southwest coast during the course of this week. ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Another wobbly week on the cardsAwaiting clues from financial performance of companies. Rattled by falling economic numbers, the equity market, however, did not fail to record a cheer for the Government move towards the nuclear deal last ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Drug companies’ appetite for acquisitions getting refinedFocus now on specific objectives like patents or brands. Mumbai, July 13 Are domestic drug companies seeing a refinement in their appetite for overseas acquisitions, with big-ticket transactions making way for focused, ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Corporates line up Rs 80,000-cr solar, semiconductor projectsGovt setting up technical committee to evaluate the proposals. Flooded by nearly a dozen proposals together worth Rs 80,000 crore from corporate majors such as Reliance Industries, Videocon and Tata BP Solar under the policy for semiconductor ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Now, it’s serviced offices, virtual business spaceRAHEJA, SERVCORP TIE UP. Mumbai, July 13 Post-digitalisation, the buzzword was paperless offices. A step further now, it is virtual office — no establishment, no employees, no interiors to fit out and best of all, getting your office ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Inflation targeting and IndiaThe high level of inflation in India, at present raging at 11 per cent plus, is causing flutters in the financial community not only because it represents higher costs but also the fear that the RBI may tighten its interest rate policy further ...Source: Business Line - Home Page | 14 Jul 2008 | 12:00 am Spice Energy plans $300m GDRSpice Energy, founded by SpiceJet co-founder Sanjay Malhotra, plans a global depository receipts (GDR) issue of $300-400 millionSource: Daily News & Analysis: Money News | 13 Jul 2008 | 10:54 pm Crams sees bounty in slumpsThe general industry whine may be about rising crude prices and inflation denting the margins, but the fast-growing pharmaceutical contract researchSource: Daily News & Analysis: Money News | 13 Jul 2008 | 10:53 pm SpiceJet in for an overhaulAt the budget airline SpiceJet Ltd, it is not just stakes that will change hands; with the exit of some promoters, the airline could see some alteration in the management team, too.Source: Daily News & Analysis: Money News | 13 Jul 2008 | 10:51 pm Historically, bears should've weaker legs by nowGoing by the way the markets have behaved historically, this wisdom holds good even today.Source: Daily News & Analysis: Money News | 13 Jul 2008 | 10:50 pm Ordinances planned for new IITs, univsAgainst the background of growing political uncertainty, the Centre is planning two Ordinances to fast-track the creation of eight new Indian Institutes of Technology (IITs) and 16 central universities.Source: Business Standard | Front Page Headlines | 13 Jul 2008 | 6:35 pm ADAG eyes cement acquisitionReliance-Anil Dhirubhai Ambani Group (ADAG) is looking for acquisitions to start its cement business much before it completes its 4,000-Mw mega power project at Sasan in eastern Madhya Pradesh, which is to provide the fly ash that is used to make cement.Source: Business Standard | Front Page Headlines | 13 Jul 2008 | 6:34 pm
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