'Now or never' World Bank chief urges on trade deal

WASHINGTON (Reuters) - World Bank President Robert Zoellick on Sunday urged trade ministers to push for a breakthrough in this week's World Trade Organization talks, saying it was "now or never" to reach a deal.

Source: Reuters: Money News | 20 Jul 2008 | 1:15 pm

Ministers wrestle with farm trade ahead of WTO talks

GENEVA (Reuters) - Ministers from three dozen trading powers met in negotiating alliances on Sunday to prepare for make-or-break talks next week on a new global trade pact, with several difficult farm issues firmly in focus.

Source: Reuters: Money News | 20 Jul 2008 | 1:04 pm

Import of n-technology necessary for India's energy security

If India did not import nuclear technology or fuel - that the US nuclear deal is expected to facilitate - then it could face an unmanageable deficit in electricity demand that could balloon to 412 giga watts (GWe) or 412 billion watts by 2050.
Source: IndiaeNews.com: Business News | 20 Jul 2008 | 1:00 pm

`Banks must pay for delay in clearing outstation cheques`!

The National Consumer Commission has ruled that the banks have to pay compensation to consumers for delay in encashment of outstation cheques.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

Value-added services to touch USD 2 bn this year: PwC!

Backed by young Indians, music and gaming are going to be cherry on the pie for the telecom sector growth, with value-added services estimated to reach about USD 2 billion this year, says consultancy firm PwC.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

JP, Goldman Sachs eyes Global Holding`s stake!

Private equity firms including J P Morgan and Goldman Sachs and telecom majors Nokia, Ericsson, Huawei and ZTE have proposed to pick up 22 percent stake in Global Holding Corporation (GHC), which has two listed firms GTL Ltd and GTL Infrastructure and three unlisted entities.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

SAIL takes steps to contain steel prices!

The country`s flagship public sector undertaking in the steel sector, Steel Authority of India Limited (SAIL), has informed its MoU HR Coil customers in writing that their purchases from the company are only meant for actual consumption and that any resale of the product will attract punitive action.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

Govt expenditure likely to over-shoot by 21%: CMIE!

The Union Government expenditure is expected to over-shoot by a whopping 21 percent this fiscal, a Centre for Monitoring Indian Economy (CMIE) report said.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

Dell grows 99 pc in units in Q1!

World`s second largest computer maker Dell is bullish on India market and seeing rising demand from consumer, small and medium business, government, financial services and education sectors.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

`Trust vote result may affect market`!

Dalal Street is likely to get the much needed direction and stability after the vote of confidence on UPA government on June 22 this week, even as falling crude oil prices may impact positively, analysts say.
Source: Zee News : Business | 20 Jul 2008 | 12:33 pm

Educational institutes under fire for unauthorised foreign tie-ups

Technical education institutes and B-schools competing with each other to find partners abroad have run into trouble with the authorities terming many such ties-ups as illegal.
Source: IndiaeNews.com: Business News | 20 Jul 2008 | 12:30 pm

Delhi to get 50 more CNG stations - Economic Times


TopNews

Delhi to get 50 more CNG stations
Economic Times - 1 hour ago
NEW DELHI: With the demand for compressed natural gas (CNG) going up after petrol and diesel prices skyrocketted, Delhi will soon set up 50 more CNG stations to avoid long queues of vehicles and also help keep the environment clean, Chief Minister ...
Delhi to get 50 new CNG filling stations soon Business Standard
CNG stations witness jump in sales after fuel price hike Hindu
TopNews - Press Information Bureau (press release) - domain-B - Economic Times
all 30 news articles

Source: Google News India - Business | 20 Jul 2008 | 11:57 am

Karnataka to set up 2000 mw thrermal plant in Chhattisgarh - Economic Times


Hindu

Karnataka to set up 2000 mw thrermal plant in Chhattisgarh
Economic Times - 2 hours ago
20 Jul, 2008, 1623 hrs IST, PTI BANGALORE: The Karnataka government has decided to set up a 2000 MW thermal power plant in Janjgir district of Chhattisgarh, according to Chief Minister BS Yeddyurappa.
State to have accord with Chhattisgarh on power front Hindu
Karnataka to get 100 Mw power from Chattisgarh Business Standard
Deccan Herald - Mangalorean.com - Navhind Times - Khaleej Times
all 33 news articles

Source: Google News India - Business | 20 Jul 2008 | 11:01 am

Reliance Comm shares set to gain as MTN talks end

NEW DELHI (Reuters) - Reliance Communications' shares are expected to rise on Monday after it called off tie-up talks with South Africa's MTN Group, avoiding a potential head-on legal clash between members of its founding Ambani family.

Source: Reuters: Money News | 20 Jul 2008 | 10:33 am

Sacked for lying in CV - Sify


IBNLive.com

Sacked for lying in CV
Sify - 3 hours ago
If you are planning to embellish your CV with false information, beware! Companies are tracking down phony claims in resumes and you could be sacked.
Poor IT services growth weighs heavy on Wipro Economic Times
Weekly News Round Up Hindu Business Line
NDTV.com - Moneycontrol.com - IBNLive.com - Financial Express
all 142 news articles

Source: Google News India - Business | 20 Jul 2008 | 9:54 am

Trade powers tackle agriculture issue ahead of WTO talks

GENEVA (Reuters) - Ministers gathered in Geneva at the weekend for talks on a global trade pact, but it was clear next week's make-or-break meeting would not be easy as trade powers tussled over intractable issues in agriculture.

Source: Reuters: Money News | 20 Jul 2008 | 8:58 am

RCom, RIL shares to be most watched stocks on bourse - Economic Times


Sify

RCom, RIL shares to be most watched stocks on bourse
Economic Times - 7 hours ago
20 Jul, 2008, 1123 hrs IST, PTI MUMBAI: With the deal between Reliance Communication and South African telecom entity MTN falling apart, amid the battle between the two Ambani siblings, the stocks of RCOM and Mukesh Ambani-led Reliance Industries will ...
Reliance Comm shares set to gain as MTN talks end Reuters
'RIL has no first right of refusal on RCOM shares' Times of India
Calcutta Telegraph - Business Standard - Moneycontrol.com - Financial Express
all 355 news articles

Source: Google News India - Business | 20 Jul 2008 | 6:51 am

Microsoft profit outlook misses view, shares fall

LOS ANGELES (Reuters) - Microsoft Corp posted a quarterly profit and outlook below Wall Street expectations on Thursday, citing "tough" economic conditions, and its shares fell 6 percent.

Source: Reuters: Money News | 20 Jul 2008 | 6:38 am

Yahoo may revisit News Corp if AOL dims - source

NEW YORK (Reuters) - Yahoo Inc is unlikely to get into a bidding war over AOL with Microsoft Corp because if Microsoft gets in the way, Yahoo could instead renew talks over News Corp's Web properties, a person with knowledge of the plans said on Thursday.

Source: Reuters: Money News | 20 Jul 2008 | 6:35 am

Biofuel - a smart beginning in Gujarat

At a time when there is growing global concern over greenhouse gas emissions and climate change, Gujarat's tryst with biofuel as an alternative to petrol and diesel has proved a promising starter.
Source: IndiaeNews.com: Business News | 20 Jul 2008 | 6:31 am

India, Brazil to take on rich nations in WTO talks tomorrow - Hindu


TopNews

India, Brazil to take on rich nations in WTO talks tomorrow
Hindu - 7 hours ago
Geneva (PTI): Backed by over 100 developing countries, India, Brazil and South Africa will take on the rich nations to get a fair trade deal at the WTO meeting of key trade ministers' beginning here on Monday.
India opposes US move at WTO Economic Times
No compromise even if WTO talks fail The Statesman
Business Standard - MyNews.in - Reuters India - Hindu Business Line
all 108 news articles

Source: Google News India - Business | 20 Jul 2008 | 6:29 am

Delhi Metro revenues to exceed Rs.21 bn by 2011

Revenue earnings of the Delhi Metro Rail Corp (DMRC) are likely to touch Rs.21 billion ($500 million) in the next three years, an increase of 194 percent, said an industry body report.
Source: IndiaeNews.com: Business News | 20 Jul 2008 | 6:01 am

Saris disappearing from the big screen?

A sari-clad woman walking down New York's swish Fifth Avenue would cause any number of heads to turn but sadly, Bollywood, through whose eyes much of the world sees India, has virtually discarded the six-yard wonder.
Source: IndiaeNews.com: Business News | 20 Jul 2008 | 6:00 am

Tradition makes a comeback in Indian furniture market

Tradition is making a comeback in the Indian furniture market to make a luxury lifestyle statement.
Source: IndiaeNews.com: Business News | 20 Jul 2008 | 6:00 am

India cbank buying more bonds with FX reserves - Reuters India


Zee News

India cbank buying more bonds with FX reserves
Reuters India - 7 hours ago
MUMBAI, July 20 (Reuters) - India's central bank has increased the ratio of its rising foreign exchange reserves invested in foreign bonds but has cut deposits held with foreign banks, it said in its half-yearly report.
London school fellowship for RBI Governor Hindu
Inflation at 11.91% The Statesman
Economic Times - Business Standard - Hindu Business Line
all 83 news articles

Source: Google News India - Business | 20 Jul 2008 | 5:55 am

AUSPI drags DoT in TDSAT on extra spectrum to GSM players - Hindu


AUSPI drags DoT in TDSAT on extra spectrum to GSM players
Hindu - 7 hours ago
New Delhi (PTI): CDMA telecom operators association AUSPI has filed a petition against Department of Telecom before the sectoral tribunal TDSAT seeking direction to cancel allotment of excess spectrum to GSM players beyond the contracted limit.
DoT plans fee for extra spectrum Business Standard
COAI hits back, dismisses excess spectrum charge as ‘baseless’ Economic Times
Sify - Times of India - Hindu Business Line - Calcutta Telegraph
all 27 news articles

Source: Google News India - Business | 20 Jul 2008 | 5:52 am

Sensex companies valuation halved in six months

SBI, DLF, Reliance among worst hit in PE multiple erosion. BL Research Bureau For every rupee of earnings managed by BSE Sensex companies, investors are today willing to pay only half of what they paid in January 2008. ...
Source: Business Line - Home Page | 20 Jul 2008 | 12:00 am

WGC bullish on gold outlook, despite fall in global demand

‘Credit crisis provides strong case for investment in yellow metal’. Chennai, July 19 Global demand for gold fell 16 per cent year-on-year in the first quarter of this year, as bullion rallied past $1,000 an ounce. Demand in India ...
Source: Business Line - Home Page | 20 Jul 2008 | 12:00 am

N-deal: Chidambaram calls for ‘reasoned’ debate

‘Installed N-power capacity utilisation down to 54%’. Hyderabad, July 19 The Union Finance Minister, Mr P. Chidambaram, on Saturday urged law graduates and legal experts to educate fellow citizens on the implications of the ...
Source: Business Line - Home Page | 20 Jul 2008 | 12:00 am

Weekly News Round Up

Wipro Ltd has reported revenue in IT services in rupee terms at Rs 4,405 crore for the first quarter, a growth of 39 per cent, compared with the year-ago quarter. ...
Source: Business Line - Home Page | 20 Jul 2008 | 12:00 am

RIL not to withdraw arbitration process

Mumbai, July 19 Reliance Industries (RIL) will not withdraw the arbitration process it has initiated against Reliance Communications (RCom) even though the RCom-MTN talks have been called off, sources close to the disputing parties indicated. ...
Source: Business Line - Home Page | 20 Jul 2008 | 12:00 am

Promoters prefer to stay on the sidelines even as pivotals crash

An analysis of the 24 companies, out of the 30 stocks of the Sensex, shows that in 12 stocks there were no changes in promoter holdings while in 10 others only a negligible movement was seen.. Chennai, July 19 Promoter groups in the pivotal ...
Source: Business Line - Home Page | 20 Jul 2008 | 12:00 am

Annexure-less IT returns - Hindu


Annexure-less IT returns
Hindu - 16 hours ago
NEW DELHI: The government on Friday clarified that no annexures or certificates relating to tax deducted/collected at source (TDS/TCS) such as Form-16 would be required to be submitted along with income tax returns.
Are your online tax returns safe? Moneycontrol.com
No Form-16 needed in IT return Times of India
Business Standard - The Statesman - IBTimes India - Merinews
all 18 news articles

Source: Google News India - Business | 19 Jul 2008 | 9:44 pm

Review of 'Markets' for the week gone by - Economic Times


Hindu

Review of 'Markets' for the week gone by
Economic Times - 16 hours ago
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.
Week of strong Sensex recovery The Statesman
Sensex surges 523 pts on heavy buying Hindustan Times
Hindu - Press Trust of India - Financial Express - Economic Times
all 212 news articles

Source: Google News India - Business | 19 Jul 2008 | 9:04 pm

In Maharashtra, most beneficiaries of loan waiver from western region

In Maharashtra, 3.76 million farmers - most of them from the state's prosperous western region - have had loans of Rs.77.6 billion written off thanks to the waiver announced by the central government five months ago, an official statement said Saturday.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 8:02 pm

Bahrain Air announces Kochi-Jeddah flights

Low-cost carrier Bahrain Air Saturday announced the launch of a new flight between Kochi and Jeddah from Wednesday.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 8:02 pm

Vodafone’s outgoing CEO in favour of spectrum auction - Hindu Business Line


Sify

Vodafone’s outgoing CEO in favour of spectrum auction
Hindu Business Line - 18 hours ago
New Delhi, July 19 Vodafone Plc’s India born outgoing Chief Executive Officer, Mr Arun Sarin, on Friday said that he was in favour of auctioning spectrum.
'Frame long-term policies, auction spectrum' Economic Times
Vodafone plans major push into broadband Sify
Moneycontrol.com - Times of India - Business Standard - TelecomTiger
all 28 news articles

Source: Google News India - Business | 19 Jul 2008 | 7:49 pm

Govt to go fast-forward on reforms

Prime Minister Manmohan Singh would expedite action on implementing the long-awaited reforms in the banking, insurance and pension sectors once the government managed to win the trust vote in the Lok Sabha on Tuesday, government sources said on Saturday.
Source: Business Standard | Front Page Headlines | 19 Jul 2008 | 7:14 pm

ADAG sends letter to RIL, may seek damages

In what could be a prelude to Reliance Anil Dhirubhai Ambani Group (ADAG) claiming damages against Mukesh Ambani-controlled Reliance Industries (RIL) for allegedly derailing the merger talks with South Africa's MTN group, AAACom (the investment arm of ADAG) has written a letter to RIL claiming that the alleged right of first refusal (ROFR) is not applicable to the company.
Source: Business Standard | Front Page Headlines | 19 Jul 2008 | 7:12 pm

UPA confident of numbers

Seventy-two hours ahead of the trust vote, the Congress floor managers have informed Sonia Gandhi with confidence that they will be able to pull it off.
Source: Business Standard | Front Page Headlines | 19 Jul 2008 | 6:39 pm

NCDEX to resume futures trade in four items in September

The National Commodity and Derivatives Exchange Ltd (NCDEX) will resume futures trade in four banned items - soya oil, potato, channa and rubber - in September, said a top official.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 5:02 pm

Deora wants CNG supply to Delhi increased

Petroleum Minister Murli Deora Saturday asked the gas companies and other concerned agencies to work on a 'war footing" to improve the supply of compressed natural gas (CNG) in Delhi.
Source: IndiaeNews.com: Business News | 19 Jul 2008 | 5:00 pm

'RIL caused substantial harm to us'

An Anil Ambani company charged Mukesh-led RIL with causing substantial harm to it as a majority shareholder in the Indian telecom entity and asserted its rights to claim damages.
Source: Daily News & Analysis: Money News | 19 Jul 2008 | 2:35 pm

BSNL ties up with Beetel

The country's largest telecom provider Bharat Sanchar Nigam Ltd (BSNL) announced on Saturday that it has tied up with leading telephone sets manufacturer Beetel.
Source: Daily News & Analysis: Money News | 19 Jul 2008 | 1:49 pm