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MTN denies approaching BhartiEven as the fate of its deal with Reliance Communications hangs in the balance, South African telecom giant MTN has strongly denied industry buzz that the company has approached Bharti Airtel for talks again.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 4:14 pm To make addl invst in fin services in India: WL RossWL Ross will invest Rs 345 cr in SpiceJet. SpiceJet\'s current market capital is at Rs 672 cr. Wilbur Ross said the exact nature of the transaction will be revealed in next 10 days. They are not going to make an open offer to SpiceJet, he confirmed. WL Ross will make an additional investment in India after the market correction.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 4:10 pm U.S. STOCKS - Indexes tumble 2 percent after Bernanke commentsNEW YORK (Reuters) - U.S. stocks slid as much as 2 percent on Tuesday after Federal Reserve Chairman Ben Bernanke said a weakening housing market, tighter credit and rising oil prices threaten the economy.Source: Reuters: Money News | 15 Jul 2008 | 2:21 pm Bernanke - financial markets under heavy stressWASHINGTON (Reuters) - Restoring financial market stability is a top priority for the U.S. Federal Reserve as a weakening housing market, tighter credit and rising oil prices threaten the economy, Fed Chairman Ben Bernanke said on Tuesday.Source: Reuters: Money News | 15 Jul 2008 | 2:18 pm Kingfisher Airlines to go international soonKingfisher Airlines, one of India's largest domestic carriers, will launch its international service with daily flights to Europe and Southeast Asia by Sep 3 and the US soon after.Source: Daily News & Analysis: Money News | 15 Jul 2008 | 1:51 pm Fannie, Freddie Drop on Waning Confidence in Support (Update1) - Bloomberg
Source: Google News India - Business | 15 Jul 2008 | 1:46 pm Intel launches the Centrino 2 globallyThe world's largest semiconductor and computer microprocessor manufacturer Intel on Tuesday launched worldwide its latest processors for notebook computers,Source: Daily News & Analysis: Money News | 15 Jul 2008 | 1:42 pm Tamil Nadu government launches Arasu Cable CorporationThe Tamil Nadu government Tuesday launched its own cable television network through the Arasu Cable Corporation in four districts.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 1:31 pm India, Australian state sign MoU in oil and gasAs Indian firms eye Australian oil assets, India has signed a bilateral agreement with Western Australia for cooperation in the oil and gas sector.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 1:30 pm SpiceJet gets Rs. 345 crore investment from Wilbur Ross - Hindu
Source: Google News India - Business | 15 Jul 2008 | 1:29 pm WL Ross to invest $80 mln in SpicejetNEW DELHI (Reuters) - Budget carrier SpiceJet Ltd said on Tuesday U.S. investor WL Ross & Co LLC will invest about 3.45 billion rupees ($80 million) in the company, helping the shares surge 16 percent in a weak Mumbai market.Source: Reuters: Money News | 15 Jul 2008 | 1:28 pm Fannie, Freddie plan fails to lift US dollar prospects - Reuters
Source: Google News India - Business | 15 Jul 2008 | 1:15 pm Ketan Parekh to be arrested in Madhavpura Bk caseThe Supreme Court has given a go ahead to arrest Ketan Parekh for nonpayment of dues, reports CNBCTV18. The Supreme Court comes in relation to the Madhavpura Bank case.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 1:11 pm PM-Mukesh meeting was regular business call: Sources - NDTV.com
Source: Google News India - Business | 15 Jul 2008 | 1:02 pm Indian firm now world's second largest belting fabric makerIndia's leading industrial fabrics and nylon tyre maker SRF Ltd has acquired a South Africa-based firm for Rs.200 million ($4.65 million) to become the world's second largest company in the industrial belting fabrics business.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 1:00 pm Indian rupee falls to 1-wk low on Fitch downgrade - Reuters India
Source: Google News India - Business | 15 Jul 2008 | 12:59 pm WTO chief sees improved chance of trade dealGENEVA (Reuters) - The prospects of securing a new world trade deal at a meeting of ministers next week have risen, the head of the World Trade Organisation (WTO) said on Tuesday.Source: Reuters: Money News | 15 Jul 2008 | 12:57 pm UPDATE-1 Union Bk sees asset management ops in 5 months - Reuters India
Source: Google News India - Business | 15 Jul 2008 | 12:51 pm IFGL Refractories completes German acquisition - domain-B
Source: Google News India - Business | 15 Jul 2008 | 12:49 pm Indian rupee falls to 1-wk low on Fitch downgradeMUMBAI (Reuters) - The Indian rupee fell to a one-week low on Tuesday after Fitch Ratings downgraded its local currency outlook and rising global oil prices highlighted worsening underlying economic conditions.Source: Reuters: Money News | 15 Jul 2008 | 12:47 pm TRAI recommends license for TV cable operatorsTRAI has recommended licensing for cable multisystem TV operators, reports CNBCTV18. The license has been prescribed for five years with well defined renewal procedures. It also recommends entry fee for different area of operationsSource: Moneycontrol Top Headlines | 15 Jul 2008 | 12:38 pm Double-digit inflation influenced by global factors: PMGlobal factors are behind India's current bout of inflation, Prime Minister Manmohan Singh said Tuesday, a week before his government seeks a vote of trust in parliament.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:30 pm All systems go for fashion week: FDCIWith just three months to go for a premier fashion week, its organiser Fashion Design Council of India (FDCI) announced Tuesday it was proceeding full steam ahead in spite of major changes at the top that had threatened to split the organisation.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:30 pm Rod Wallace is MD Porsche Cars IndiaPorsche Cars India, the Indian arm of the global automobile major, Porsche, has appointed Rod Wallace as its new Managing Director.Source: Daily News & Analysis: Money News | 15 Jul 2008 | 12:28 pm GLOBAL MARKETS - Financial sector woes batter dollar, stocksLONDON (Reuters) - Fears about the world banking system overwhelmed any lingering support from the U.S. plan to rescue Fannie Mae and Freddie Mac on Tuesday, battering equities and sending the dollar to a record low against the euro.Source: Reuters: Money News | 15 Jul 2008 | 12:20 pm Bush lifts oil drilling ban!President Bush lifted an executive ban on offshore oil drilling and challenged Congress to follow suit, aiming to turn the enormous public frustration about gasoline prices into political leverage. Democratic lawmakers rejected Bush`s plan as a symbolic stunt.Source: Zee News : Business | 15 Jul 2008 | 12:14 pm Sensex plunges 402 pts to 12,928 in early trade!The Bombay Stock Exchange benchmark Sensex dipped below 13,000 points, crashing more than 402 points in opening trade on Tuesday, on all-round selling by funds as well as retail investors, triggered by melt down in global markets.Source: Zee News : Business | 15 Jul 2008 | 12:14 pm RIL, ONGC offshore ops may face shut down!Reliance Industries and Oil and Natural Gas Corporation may face an imminent shut down of offshore oil and gas operations after the shipping ministry issued new norms for vessels operating in Indian waters.Source: Zee News : Business | 15 Jul 2008 | 12:14 pm SpiceJet sells 25% stake to Wilbur Ross!Indian low cost carrier SpiceJet has sold nearly 25 percent equity stake worth Rs 345 cr to US-based Wilbur Ross. SpiceJet had recorded a loss of Rs 133 crore last fiscal and was looking for USD 100 million to keep afloat and fund aircraft acquisition.Source: Zee News : Business | 15 Jul 2008 | 12:14 pm Sensex plunges by 324 pts on global credit worries!Concerns over the deteriorating state of global credit markets and its bad effects on the world stock markets, the benchmark Sensex plunged by nearly 324 points at 1030 hrs on all-round selling.Source: Zee News : Business | 15 Jul 2008 | 12:14 pm Oil prices 30 cents lower; at USD 144.88!Oil was steady under USD 145 on Tuesday, as dealers weighed the impact of high oil prices on global demand against fresh threats of supply disruptions in Nigeria, Brazil and Iran.Source: Zee News : Business | 15 Jul 2008 | 12:14 pm Spencer's to open café chainThe RPG Group-promoted Spencer's Retail Ltd (SRL) has joined hands with Boston-based leading dining and bakery cafe chain Au Bon Pain to set up bakery café stores across India.Source: Daily News & Analysis: Money News | 15 Jul 2008 | 12:10 pm India's ratings under cloud as govt finances sourMUMBAI (Reuters) - India's investment grade credit rating looked under threat after Fitch Ratings cut its local currency grade outlook to negative on Tuesday, citing deteriorating public finances, mainly due to subsidies.Source: Reuters: Money News | 15 Jul 2008 | 12:09 pm Porsche India appoints Rod Wallace as its Managing Director - Moneycontrol.com
Source: Google News India - Business | 15 Jul 2008 | 12:06 pm Mkts end at 15-mth low; Sensex down 5%, Bankex dips 7.75% - Moneycontrol.com
Source: Google News India - Business | 15 Jul 2008 | 12:06 pm Union Bank targets 23 percent deposit growthUnion Bank of India has targeted a deposit growth of 23 percent and credit growth of 22 percent this fiscal, a top bank official said here Tuesday.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:03 pm Indian biotech sector grows by 20 percentIndia's fledgling biotechnology sector posted $2.56 billion (Rs.103 billion) in revenue during 2007-08, registering 20 percent growth over the previous fiscal at $2.1 billion, an industry survey revealed.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:01 pm Apex court refuses Ketan Parekh more time to pay duesThe Supreme Court Tuesday dismissed high-profile stock broker Ketan Parekh's plea to grant him more time to repay a sum of Rs.260 million he had siphoned from the Madhavpura Mercantile Co-operative Bank (MMCB) in a financial scam.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:01 pm Intel launches the Centrino 2 globallyThe world's largest semiconductor and computer microprocessor manufacturer Intel Tuesday launched worldwide its latest processors for notebook computers on its Centrino platform.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:01 pm Equity markets end at 15-month lowIndian equity markets ended at a 15-month low Tuesday following a 654-point drop in the Sensex. Banking, capital goods, metal and power stocks were the worst hit.Source: IndiaeNews.com: Business News | 15 Jul 2008 | 12:00 pm Tata Indicom has the least congested networkTata Teleservices, which is running its telecom services under the brand name Tata Indicom has emerged out as the winner in terms of network availabilitySource: Daily News & Analysis: Money News | 15 Jul 2008 | 12:00 pm Oil above $146, rebounds after earlier dipLONDON (Reuters) - Oil rose to near $146 a barrel on Tuesday, rebounding after an earlier dip prompted by the restart of some production in major African oil exporter Nigeria.Source: Reuters: Money News | 15 Jul 2008 | 11:57 am India to offer new coal fields for gas exploration by year-end - Hindu
Source: Google News India - Business | 15 Jul 2008 | 11:41 am Indian shares fall 4.9 pct to 15-mth closing lowBANGALORE (Reuters) - Indian shares fell 4.9 percent on Tuesday to their lowest close in 15 months, joining a world equities rout as investors dumped financials on concerns about the fallout from a worsening global credit turmoil.Source: Reuters: Money News | 15 Jul 2008 | 11:41 am Ambani spat highlights India's coalition politicsNEW DELHI (Reuters) - India's feuding billionaire Ambani brothers, whose businesses make up about 5 percent of the Asian giant's economic output, have taken political centrestage and underscored how a new government ally is already generating headlines.Source: Reuters: Money News | 15 Jul 2008 | 11:24 am New shipping norms to hit offshore operations: ONGCONGC Chairman RS Sharma said that the companys offshore operations would collapse on new shipping norms, reports Newswire 18. The company is seeking relaxation of new shipping norms.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 10:57 am Hong Kong International Airport gets top rankingWorld-wide customers have ranked the Hong Kong International Airport as the best in an annual survey in which airports from Asia and Southeast AsiaSource: Daily News & Analysis: Money News | 15 Jul 2008 | 10:30 am Hyundai to launch 'i20' by end of 2008Country's second largest car maker Hyundai said on Wednesday that it will launch a new small car 'i20' by the end of this yearSource: Daily News & Analysis: Money News | 15 Jul 2008 | 10:26 am SpiceJet surges 16% amid investment from RossShares of SpiceJet surged 16 per cent in the morning trade on the company's announcement that billionaire Wilbur Ross-led private equity firm will invest USD 80 millionSource: Daily News & Analysis: Money News | 15 Jul 2008 | 10:25 am Ranbaxy board approves takeover by DaiichiThe extraordinary board meeting of pharmaceutical giant Ranbaxy in Mohali approved the $4.6-billion takeover by Japanese pharmaceutical major Daiichi Sankyo.Source: Daily News & Analysis: Money News | 15 Jul 2008 | 10:22 am 'Spicejet aspiration too expensive for Kingfisher'Consolidations are still the preferred option in the current uncertain aviation climate, Kingfisher Airlines chairman Vijay Mallya saidSource: Daily News & Analysis: Money News | 15 Jul 2008 | 10:21 am SpiceJet accepts Wilbur Ross\'s offerSpiceJet has accepted Wilbur Ross\' offer. WL Ross will invest Rs 345 crore in SpiceJet. SpiceJet\'s current market capital is at Rs 672 crore.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 9:50 am World\'s largest air show takes offIn the 60th year of the Farnborough International Airshow this year, over 300,000 people are going to attend and Credit Suisse expects 200300 orders to be announced. And it has aerospace executives upbeat about the future of the industry, despite the likelihood of fewer orders for new planes because of high fuel prices and the credit crisis.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 9:37 am Sun Pharma extends tender offer for Taro till Sep 2Sun Pharma has extended the tender offer for Taro shares till the September 2. Sun Pharma\'s offer for Taro shares was to expire on July 28.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 9:09 am Ranbaxy responds to US FDA chargesRanbaxy has responded to the US FDA charges. The company has agreed to waive all privileges for audits by Parexel. The US government may withdraw motion if documents are submitted in a month.Source: Moneycontrol Top Headlines | 15 Jul 2008 | 9:00 am Mobile cos may be charged for excess 2G spectrumMobile operators, including Bharti Airtel, Vodafone Essar and Idea Cellular, may have to cough up at least Rs 1,600 crore each, as onetime payment for having spectrum beyond the stipulated 6.2 Mhz in the licence for cellular services (2G).Source: Moneycontrol Top Headlines | 15 Jul 2008 | 8:40 am BNP Paribas executes first Direct Market Access order on NSEDetails of the deal not available. Mumbai, July 14 BNP Paribas Securities Asia said it has successfully executed its first Direct Market Access (DMA) order on the National Stock Exchange through brokerage Geojit Financial Services. ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Day Trading GuideThe stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss at Rs 607. ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Insurance cos invest Rs 15,000 cr in equities in Q1LIC alone pumps in about Rs 12,000 crore. Mumbai, July 14 Domestic insurance companies continue to be large buyers of equity on the bourses, striking a contrarian note in the bearish ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Mobile cos may be charged for excess 2G spectrumOne-time payment of Rs 1,600 cr each by Bharti, Vodafone, Idea likely. New Delhi, July 14 Mobile operators, including Bharti Airtel, Vodafone Essar and Idea Cellular, may have to cough up at least Rs 1,600 crore each, as one-time payment for ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Infosys unfazed by slump in telecom vertical‘Performance in one quarter does not set a trend’. Chennai, July 14 Despite a slump in revenues from its top client, and a slump in onsite revenues for its Australian subsidiary, Infosys Technologies feels that it’s business ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Higher income lifts Axis Bank Q1 net 89%Rs 225-cr provisioning for investment depreciation. Hyderabad, July 14 Axis Bank’s net profit increased 88.6 per cent at Rs 330.14 crore in the first quarter ended June 30, 2008 compared with Rs 175 crore in the corresponding quarter of ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am SpiceJet shares down on Chairman’s resignationAnalysts see tough time ahead for the airlines. Mumbai, July 14 Shares of low-cost airline SpiceJet tumbled 13.73 per cent on Monday after its Executive Chairman, Mr Siddhanta Sharma, resigned over the weekend. ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Ranbaxy refutes allegations by US GovtSays it has complied with all FDA requirements. New Delhi, July 14 Ranbaxy Laboratories Ltd on Monday refuted the allegations contained in the motion filed by the US Department of Justice (DOJ) that the company submitted false and fabricated ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Palmolein imports surge as duty differential fallsEdible oil imports increase in June; trend may last till Oct. Chennai, July 14 RBD palmolein witnessed record import during June, thanks to its effective Customs duty declining to 2.8 per ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Steel market abuzz with talks of price hikeNew Delhi, July 14 The market is abuzz with the possibility of another round of steel price hike by the primary producers, though there is no official communication ...Source: Business Line - Home Page | 15 Jul 2008 | 12:00 am Mukesh meets PM, officials on windfall taxReliance Industries head Mukesh Ambani met Prime Minister Manmohan Singh and several senior government functionaries to argue against the demands by Amar Singh, general secretary of the Samajwadi Party (SP), the newest ally of the United Progressive Alliance (UPA), for a windfall tax on private refineries.Source: Business Standard | Front Page Headlines | 14 Jul 2008 | 7:16 pm Small MPs at `receiving` end of UPA generosity"Rs 25 crore. That is the price the government is paying per MP to stay in power," said Communist Party of India General Secretary AB Bardhan, rarely given to hyperbole, at a rally.Source: Business Standard | Front Page Headlines | 14 Jul 2008 | 7:14 pm Ranbaxy scrip tanks on US actionDaiichi says open offer on track for August 7. ??Ranbaxy Laboratories, India's largest pharmaceutical company, had its biggest fall in seven years on the Bombay Stock Exchange on concern that Japan's Daiichi Sankyo may scrap its June 11 announcement to buy the promoter's 38 per cent stake after the US government filed a suit against the company on charges of forging data.Source: Business Standard | Front Page Headlines | 14 Jul 2008 | 7:11 pm
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