Radio Mirchi claims over 48 lakh listeners - Business Standard


Radio Mirchi claims over 48 lakh listeners
Business Standard - 58 minutes ago
PTI / Kolkata July 19, 2008, 17:55 IST Radio Mirchi, a popular private radio network owned by Entertainment Network (I) Limited (ENIL), today said it had a reach of 48.25 lakh audience spread over 32 cities as per the Radio Audience Measurement (RAM).
RAM now live from Kolkata Livemint
FM consumption is more in regional markets: Ram Indiantelevision.com
exchange4media.com - Televisionpoint.com - RadioandMusic.com
all 8 news articles

Source: Google News India - Business | 19 Jul 2008 | 12:32 pm

Western subsidies undermining food security in developing world: India - domain-B


TopNews

Western subsidies undermining food security in developing world: India
domain-B - 59 minutes ago
Mumbai: India has blamed the ''astronomical'' farm subsidies in the rich countries for ''systematically undermining'' the agricultural productive capacity and ''devastating" the food security in developing nations.
India says WTO proposals give "carve-outs" to US, EU Press Trust of India
Developed Nations should be flexible in WTO deal: Kamal Nath Newstrack India
Economic Times - Financial Express - Business Standard - Reuters India
all 94 news articles

Source: Google News India - Business | 19 Jul 2008 | 12:31 pm

RIL starts arbitration clause against RCOM - TopNews


Reuters South Africa

RIL starts arbitration clause against RCOM
TopNews - 1 hour ago
RIL CMD Mukesh Ambani started arbitration process against his younger brother Anil's company Reliance Communications (RCOM). Thus fight between two brothers is further increased on MTN issue.
R-Comm, MTN mutually agree to end talks Moneycontrol.com
MTN saga: Tale of Ambanis and Sunil Mittal Economic Times
Business Standard - Newstrack India - Financial Times - Forbes
all 303 news articles

Source: Google News India - Business | 19 Jul 2008 | 12:06 pm

Rel Infrastructure posts Rs 50.14 mn net profit

Mukesh Ambani-promoted Reliance Industrial Infrastructure posted a net profit of Rs.50.144 million for the first quarter of this year.
Source: Daily News & Analysis: Money News | 19 Jul 2008 | 11:58 am

Bihar to announce new IT policy soon

Bihar will announce its new IT policy with several incentives for firms in August, state IT Minister Anil Kumar said here Saturday.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 11:33 am

Reliance Infrastructure posts Rs.50.14 mn net profit

Mukesh Ambani-promoted Reliance Industrial Infrastructure posted a net profit of Rs.50.144 million for the first quarter of this year compared to Rs.46.946 million over the same period last year.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 11:33 am

Chhattisgarh blacklists private construction firm

The Chhattisgarh government has suspended an official and blacklisted a construction company that was awarded an over Rs.100 million contract under a centrally sponsored road construction scheme in the state.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 11:30 am

NCDEX Spot Exchange to start operations in four states

The newly formed NCDEX Spot Exchange Ltd will start spot markets for commodity trading in Maharashtra, Karnataka, Kerala and Bihar in October, a top official said Saturday.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 11:30 am

Stocks skid on rising oil price - Hindustan Times


Sify

Stocks skid on rising oil price
Hindustan Times - 3 hours ago
Finance Minister P Chidambaram said there is conclusive evidence to show that futures trading and speculators are driving the global oil prices.
Market rejoices host of good news; Sensex up 4% Economic Times
Sensex gains more than mid, small-cap indices Hindu Business Line
India Infoline.com - Moneycontrol.com - Economic Times - Moneycontrol.com
all 196 news articles  हिन्दी मे

Source: Google News India - Business | 19 Jul 2008 | 10:17 am

Ex-SocGen trader Kerviel changes legal team

PARIS (Reuters) - Jerome Kerviel, the banker blamed for the world's worst rogue trading scandal, has changed his legal team to focus on a more "aggressive" defence strategy, a spokeswoman for Kerviel said on Saturday.

Source: Reuters: Money News | 19 Jul 2008 | 10:12 am

Bangladesh to cut gas supply to old power plants

DHAKA (Reuters) - Energy-starved Bangladesh is to cut gas supplies to ageing power plants to ensure more efficient use of a scarce natural resource which is depleting fast, a senior official said on Saturday.

Source: Reuters: Money News | 19 Jul 2008 | 9:56 am

Zimbabwe to introduce 100 bln dollar bank note

HARARE (Reuters) - Zimbabwe's central bank will introduce new higher-value 100 billion Zimbabwe dollar notes on Monday as part of a desperate fight against spiralling hyperinflation, the bank said.

Source: Reuters: Money News | 19 Jul 2008 | 9:48 am

Markets recover from early losses to end week slightly higher

With a smart rally in the last two days of the week, Indian equity markets recovered losses suffered in the early part of the week to end Friday slightly higher than last week's closing.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 9:33 am

SAIL puts ceiling on retailer margins - Sify


India Infoline.com

SAIL puts ceiling on retailer margins
Sify - 6 hours ago
Steel Authority of India (SAIL), the country's largest steel maker, is taking measures to ensure retail prices of its products are "contained".
Metal barriers to steel exports soon Economic Times
SAIL issues advisory to hold steel prices Hindu
Business Standard - Moneycontrol.com - India Infoline.com - Press Trust of India
all 27 news articles

Source: Google News India - Business | 19 Jul 2008 | 7:10 am

Vodafone plans major push into broadband - Sify


Sify

Vodafone plans major push into broadband
Sify - 6 hours ago
Vodafone, the UK-based telecom giant, thinks wireless broadband is the next big wave in India, and is likely to make significant investments in the area.
'Frame long-term policies, auction spectrum' Economic Times
Vodafone eyeing more deals in Asia Times of India
Moneycontrol.com - Business Standard - TelecomTiger - TopNews
all 25 news articles

Source: Google News India - Business | 19 Jul 2008 | 6:42 am

MTM hit to Allahabad bank net - Sify


Calcutta Telegraph

MTM hit to Allahabad bank net
Sify - 6 hours ago
Allahabad Bank has waived Rs 1041 crore of farmers' loans, according to the bank's executive director, KK Agarwal. "The waiver has benefited 5 lakh farmers, out of which 4 lakh are direct beneficiaries and 1 lakh are indirect beneficiaries," Agarwal ...
Allahabad Bank’s net profit slips 53% Hindu Business Line
AllBank profit slips Calcutta Telegraph
Financial Express - Business Standard - Deepika
all 7 news articles

Source: Google News India - Business | 19 Jul 2008 | 6:32 am

Gujarat cardiologist's heart beats for organic farming

A practising cardiologist for 25 years, Dinesh Patel spends long hours cultivating grain, fruit and plants in his organic farm on the outskirts of Ahmedabad, Gujarat's principal city.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 6:00 am

Pakistan to allow more imports from India - minister

ISLAMABAD (Reuters) - Pakistan is expanding its bilateral trade with India by allowing more imports from the neighbouring country, including diesel and fuel oil, a cabinet minister said.

Source: Reuters: Money News | 19 Jul 2008 | 5:33 am

London school fellowship for RBI Governor - Hindu


MSN India

London school fellowship for RBI Governor
Hindu - 8 hours ago
LONDON: Reserve Bank of India Governor YV Reddy on Thursday was awarded an honorary fellowship by The London School of Economics and Political Science (LSE) in recognition of his commitment to the underprivileged.
Indian bond yields at 2-week low as oil drops Reuters India
RBI likely to hike key rates further on July 29 : D&B Economic Times
Business Standard - Hindu Business Line - Times of India
all 76 news articles

Source: Google News India - Business | 19 Jul 2008 | 4:45 am

TCS fires 20 employees for providing fake CVs - IBNLive.com


IBNLive.com

TCS fires 20 employees for providing fake CVs
IBNLive.com - 9 hours ago
TCS PROBE: Tata Consultancy Services (TCS) has allegedly fired twenty employees for providing fake certificates. Around Rs 40000 crore being put in projects the city.
TCS to look for acquisitions if they offer strategic fit Economic Times
TCS net profits lower than Infy at Rs 1244 cr in Q1 TopNews
Livemint - Business Standard - Moneycontrol.com - Financial Express
all 128 news articles

Source: Google News India - Business | 19 Jul 2008 | 4:05 am

UltraTech eyes coal mines in Indonesia - Sify


Hindu Business Line

UltraTech eyes coal mines in Indonesia
Sify - 9 hours ago
UltraTech Cement Ltd, an Aditya Birla Group company, is scouting for mines in Indonesia and South Africa for meeting coal demands of its group companies, said its president and chief financial officer KC Birla.
High input costs impact UltraTech’s first quarter performance Hindu
Cement sector may slow down: Birla Economic Times
Hindu Business Line - Moneycontrol.com - Myiris.com - Calcutta Telegraph
all 28 news articles

Source: Google News India - Business | 19 Jul 2008 | 4:03 am

Oil falls, down 13 pct from peak on Iran, demand

NEW YORK (Reuters) - Oil fell to below $129 a barrel on Friday, extending a slide that has knocked nearly 13 percent off last week's record peak on easing tension between Iran and the West and growing demand concerns.

Source: Reuters: Money News | 19 Jul 2008 | 12:29 am

Sensex up by 523 pts closes at 13,635 !

Continuing its upward march, the Bombay Stock Exchange benchmark Sensex on Friday rose by 523 points on heavy buying supported by cooling crude prices and lower than expected inflation figures released by the government on Thursday.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

TCS to look for acquisitions if they offer strategic fit!

Tata Consultancy Services, the biggest IT company from India is looking for acquisitions but only if they offer a strategic fit, a top official said Friday.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

AMD changes CEO amid pressure!

Under Hector Ruiz`s leadership, chip maker Advanced Micro Devices Inc. rose to challenge larger rival Intel Corp. as never before in AMD`s nearly 40-year history.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

Ranbaxy alleges MNC trying to derail its Japanese deal!

Hit hard by the attack in the US, Ranbaxy Laboratories Friday alleged that a multinational player was trying to derail its deal with Japanese drug major Daiichi Sankyo and said the talks of a probe into approvals for its drugs by American authorities was part of a "larger game."
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

Freddie Mac mulling $10 bn share offer: Report!

Mortgage giant Freddie Mac is considering raising capital by selling as much as USD 10 billion in new shares to investors, The Wall Street Journal reported, citing people familiar with the matter.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

Flying no longer safe, as pilots ignore defects: Report!

Airlines across Europe are putting the lives of passengers at risk by flying planes with known defects, which are routinely being ignored by pilots, a probe has found.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

GE Shipping Q1 net down 8% at Rs 387.59 cr!

Great Eastern Shipping Friday announced a net profit of Rs 387.59 crore for the first quarter ended March 31, a 7.94 percent decline over the corresponding period last year.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

ASEAN mins to tackle rising oil, food prices!

Ministers from the 10-nation Association of Southeast Asian Nations (ASEAN) are expected to hammer out possible solutions to rising oil and food prices amid warnings inflation could threaten political stability, officials said.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

Sensex rises 163 points in early trade!

The Bombay Stock Exchange benchmark Sensex rose by 163 points in early trade Friday on the back of buying by funds in heavy-weight stocks, triggered by firm global markets.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

Fitch`s downgrade not a cause of worry: Chidambaram!

Finance Minister P Chidambaram Friday downplayed the lowering of India`s credit outlook by global rating agency Fitch, saying it is not a cause of worry as economic fundamentals are strong.
Source: Zee News : Business | 19 Jul 2008 | 12:25 am

Wall St Week Ahead: Stocks eye regional banks, short-sale rule

NEW YORK (Reuters) - In the heart of earnings season, U.S. stock market investors will scrutinize a raft of regional bank earnings next week for more write-offs that could send the market tumbling.

Source: Reuters: Money News | 19 Jul 2008 | 12:07 am

Helping rag-pickers to become entrepreneurs

GRAMEEN BANK INITIATIVE. Mangalore, July 18 After bringing rag-pickers under the banking network a year ago, the Dharwad-headquartered Karnataka Vikas Grameen Bank (a regional rural bank sponsored by Syndicate Bank) has now taken a step ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

No TDS certificates for returns

The Central Board of Direct Taxes on Friday said that tax deduction at source (TDS) or tax collected at source (TCS) certificates are not required to be annexed to the income-tax returns to be filed with the Income-Tax Department. “Wherever ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

Rains, price trends favour North in kharif sowing

West & South see shrinkage in acreage. New Delhi, July 18 With the monsoon playing truant south of the Vindhyas this time, a clear pattern pointing towards a regional divergence of agricultural fortunes is emerging. ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

Britannia to explore new international markets

Looking to export ghee to West Asia, Far East countries. New Delhi, July 18 With a plan to take its share of exports from the current 5 per cent to 10 per cent over the next few years, Britannia is exploring forays into new markets. The ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

‘MNC trying to scuttle deal with Daiichi Sankyo’

New Delhi, July 18 After blaming rivals for pulling down its share price earlier this week, pharma major Ranbaxy Laboratories Ltd on Friday alleged that a large global drug maker was trying to scuttle its deal with Daiichi Sankyo. ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

RCom, MTN call off talks for deal

In a surprise development, Reliance Communication Ltd (RCom) said on Friday evening that the company and the South African telecom major MTN Group have mutually decided to call off their talks for a business deal. ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

UltraTech Q1 net profit rises 2 pc, sales up 10%

Export ban, input cost spike hurt margins. Mumbai, July 18 Hit by the 6-week cement export ban and high input cost, UltraTech Cement has reported a muted 2 per cent rise in net profit at Rs 265 crore in the first quarter ended June 30, against ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

Corn prices seen gaining on continuing demand

Consumption as feedstock for ethanol production to pressure supply. Chennai, July 18 Continued strong demand for coarse grains, especially corn as feedstock for ethanol production, is likely to cast upward pressure on global coarse grain ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

Wipro Q1 net grows 25% at Rs 908 cr

Muted growth forecast for Q2. Bangalore, July 18Wipro Ltd, the country’s third largest IT services provider, reported first quarter revenue marginally higher than what it had estimated. ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

Satyam Q1 net up 45 pc

Revenues set to cross Rs 10,000 cr this fiscal. Hyderabad, July 18 Satyam Computer Services registered 43.20-per cent growth in software revenues and 44.77-per cent growth in net profit for the first quarter ended June 30, 2008 in comparison ...
Source: Business Line - Home Page | 19 Jul 2008 | 12:00 am

Tech earnings diverge as U.S. economy weakens

BOSTON (Reuters) - IBM and other technology companies whose products help big corporations save money or expand data storage capacity are faring better than those relying on consumers as the U.S. economy slows.

Source: Reuters: Money News | 18 Jul 2008 | 11:58 pm

GE Ship plans $1.5 bn fleet expansion

With aggressive growth plans, Great Eastern Shipping has outlined a capital expenditure of $1.5 billion on fleet expansion in the next three years.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:30 pm

Malvinder insists multinational plotted to derail Daiichi deal

India's largest drug-maker Ranbaxy Laboratories said a large global drugmaker tried to derail Daiichi Sankyo Co's purchase of the Indian company.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:29 pm

Israel's Plaza Centers in hospitality gambit

Plaza Centers, an Israeli property developer, is looking at developing hotels plus serviced apartments projects in India.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:28 pm

IT majors catch 'em young to cut costs

With focus on freshers increasing, young passouts stand a better chance of getting a job in this industry than do their experienced counterparts.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:27 pm

UltraTech eyes coal mines in Indonesia

UltraTech Cement Ltd, an Aditya Birla Group company, is scouting for mines in Indonesia and South Africa for meeting coal demands of its group companies.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:26 pm

MTM hit to Allbank net

Allahabad Bank has waived Rs 1,041 crore of farmers' loans, according to the bank's executive director, KK Agarwal.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:14 pm

Exim Bk seeks Rs 17,000 cr this year

Export-Import Bank of India will raise Rs 17,000 crore this fiscal, with the foreign component alone accounting for $1.8 billion.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:14 pm

LIC takes Ulips to Middle East

The appetite for unit-linked insurance plans (Ulips) seemed to have caught on in the Middle East.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:13 pm

SC sets July 25 hearing on Vedanta mining issue

The countdown for bauxite mining by UK-based Vedanta Resources Plc in Orissa's Niyamgiri Hills has begun with the Supreme Court on Friday.
Source: Daily News & Analysis: Money News | 18 Jul 2008 | 10:12 pm

RComm, MTN mutually agree to end talks

Reliance Communications and MTN mutually agree to end talks, reports CNBCTV18. RIL’s claim of right of first refusal, or ROFR on RComm shares had cast a shadow on the deal. RComm said it is unable to presently conclude the transaction due to legal issues.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 9:22 pm

MTN drops talks with Reliance Communications

Plans by South African mobile giant MTN to expand into India have been scuppered for a second time after the company announced here Friday evening that its extended talks with Reliance Communications have been ended.
Source: IndiaeNews.com: Business News | 18 Jul 2008 | 8:00 pm

Reliance Communications, MTN talks called off

The globally-watched consolidation talks between Anil Ambani-led Reliance Communications, India's second largest private telecom company, and South Africa's MTN were called off late Friday.
Source: IndiaeNews.com: Business News | 18 Jul 2008 | 8:00 pm

Estee Lauder buys minority stake in Forest Essentials

First investment by global cosmetics firm in ayurvedic company.??In the first clear indication that Indian luxury brands have come of age, Estee Lauder has bought into Forest Essentials, an Indian luxury ayurvedic skin, body and hair care brand.
Source: Business Standard | Front Page Headlines | 18 Jul 2008 | 6:51 pm

CBDT makes filing returns easier

The Central Board of Direct Taxes, or CBDT, has clarified that no annextures like TDS, TCS certificates need to be attached with returns, except ITR 7. It said assesses are supposed to retain all supporting documents and produce the same when demanded.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 6:41 pm

Reliance Communications, MTN talks off

The consolidation talks between Anil Ambani-led Reliance Communications, India's second largest private telecom company, and South Africa's MTN were called off late Friday.
Source: IndiaeNews.com: Business News | 18 Jul 2008 | 6:30 pm

Estee Lauder acquires minority stake in Forest Essentials

Estee Lauder Group, a USD 7 billion American skin and beauty company, has picked up minority stake in Forest Essentials, reports CNBCTV18. The group owns brands like Mac, Bobby Brown, and Clinique. Forest Essentials will be the only Ayurvedic brand in the group. As of now, it operates seven stores in India.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 6:21 pm

Zambia awards thermal power project to India's ERAM

LUSAKA (Reuters) - Zambia has selected India's ERAM to construct a major thermal power station initially projected to generate 300-350 megawatts of electricity, Zambian Commerce and Trade Minister Felix Mutati said on Friday.

Source: Reuters: Money News | 18 Jul 2008 | 6:03 pm

NEWSMAKER - Line drops between Anil Ambani and MTN

MUMBAI (Reuters) - A face-off between India's two richest men, the Ambani siblings, overshadowed Anil Ambani's negotiations South Africa's MTN Group to create a global company before his estranged big brother Mukesh.

Source: Reuters: Money News | 18 Jul 2008 | 5:52 pm

MTN, Reliance call off tie-up talks

JOHANNESBURG/MUMBAI (Reuters) - South African mobile phone group MTN and India's Reliance Communications called off talks aimed at creating a top-10 global telecoms group, saying they could not reach a deal.

Source: Reuters: Money News | 18 Jul 2008 | 5:32 pm

Bhushan Stl may hike HR, CR prices by 15% in Q2

Nitin Johri, CFO, Bhushan Steel Strips, said most producers are likely to increase prices of both hot and coldrolled steel by 1015% this quarter. He does not see steel prices cooling off this year.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 3:52 pm

BSNL to install over 600 towers in rural Uttar Pradesh

Indian telecom major Bharat Sanchar Nagar Limited (BSNL) will expand and improve its mobile connectivity in rural Uttar Pradesh by installing over 600 new base transmitting station towers (BTS) in the state, a top company official said Friday.
Source: IndiaeNews.com: Business News | 18 Jul 2008 | 3:02 pm

Arun Sarin prescribes spectrumallocation auction in India

Former Vodafone CEO, Arun Sarin feels that auction is the best way for spectrum allocation in India. The regulatory environment is different from what we had expected; but we will go with the flow, he said.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 2:38 pm

Idea dials DoT for clarity on MA norms: Sources

Sources from the Department of Telecom, or the DoT have said that the Aditya Birla Group owned Idea Cellular has written to the DoT seeking clarity on the Mergers and Acquisition (MA) norms applicable.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 2:22 pm

Garware Offshore to buy 5 vessels for Rs 400 cr

Garware Offshore will invest Rs 400 crore to acquire five new vessels, reports CNBCTV18. The company has deployed first platform supply vessel MV Mana in the North Sea for USD 42,000 per day.
Source: Moneycontrol Top Headlines | 18 Jul 2008 | 12:33 pm