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RPL refinery at Jamnagar to be completed by Dec\'08The Mukesh Ambani led Reliance Petroleum Limited, or RPL has said that the refinery at Jamnagar will be completed ahead of December 2008. The company has utilized Rs Rs 25,515 crore against projected Rs 24,125 crore for the project.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 3:07 pm Rupee ends weaker ahead of confidence voteMUMBAI (Reuters) - The Indian rupee ended weaker on Tuesday on worries about the outcome of a vote of confidence in the government after opposition politicians said they were offered bribes to abstain.Source: Reuters: Money News | 22 Jul 2008 | 12:44 pm U.S. says ready to cut farm aid to $15 blnGENEVA (Reuters) - The United States is ready to cut its ceiling for trade-distorting farm subsidies to $15 billion a year to help unblock talks for a global trade deal, U.S. Trade Representative Susan Schwab said on Tuesday.Source: Reuters: Money News | 22 Jul 2008 | 12:35 pm PSF production to grow by 13% in 2008-09: CMIE!The production of polyester staple fibre (PSF) in the country is expected to grow by 13 percent in the year 2008-09, the Centre for Monitoring Indian Economy (CMIE) said in its monthly report in Mumbai.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm IBM opens Service Management Center of Excellence in India!IBM on Tuesday announced the opening of the IBM Service Management Center of Excellence in India which will act as the regional hub for IBM Tivoli service management software and strategy. The Center has been designed to develop specialized focus and skills in high value areas such as telecom, security, automation and asset management. This first of its kind Center has been established in Pune.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Apple posts third-quarter profit of $1.07 bn!Apple reported its third-quarter profits topped a billion dollars on strong sales of its Macintosh computers, iPods, and iPhones.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Oil prices ease in Asian trade!World oil prices eased in Asian trade on Tuesday as initial signs showed Tropical Storm Dolly would likely have limited impact on energy production in the Gulf of Mexico, dealers said.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm `India among top 3 entertainment mkts`!India continues to be one of the top three markets for global collaborations in entertainment and media, because of a `relatively friendly foreign investment regime,` an official of PricewaterhouseCoopers (PwC) said.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Asia`s cheap food era over, growth set to drop: ADB!The era of cheap food for Asia is over as surging demand, supply problems and the growing production of biofuels will keep food prices high, the Asian Development Bank (ADB) warned on Tuesday.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Ford to shift focus to small cars: Report!US car company Ford Motor Co is about to alter its focus drastically and build more small cars, a New York daily said on Tuesday, citing people familiar with the plans.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Sensex rises 94 points to 13,944!The Bombay Stock Exchange benchmark Sensex rose by 94 points in early trade on Tuesday on the back of buying by funds in heavy-weight stocks amid political uncertainty on domestic front.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Tata Capital, Mizuho in strategic alliance!Tata Capital and Mizuho Corporate Bank Ltd said on Tuesday they had signed a memorandum of understanding for a strategic alliance for a range of activities in the financial services sector.Source: Zee News : Business | 22 Jul 2008 | 12:33 pm Equity markets end in green hours before trust voteIndian equity markets ended the day Tuesday with a slight gain, hours before the crucial trust vote in parliament that will decide the fate of the Manmohan Singh government.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 12:32 pm Markets upbeat amid trust voteHours before the verdict on the vote of confidence, investors gave a thumbs-up for survival of the government with BSE Sensex climbing over 250 points on Tuesday to regain the 14K level.Source: Daily News & Analysis: Money News | 22 Jul 2008 | 12:21 pm Ranbaxy wins UK\'s serious fraud office caseRanbaxy has won UK\'s serious fraud office (SFO) case. Earlier, the UK\'s SFO had sued Ranbaxy for anticompetitive conduct. The Indian pharma major had alleged that the anticompetitive conduct was on penicillin supply.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 12:18 pm India set to become an economic superpower: Chidambaram - Economic Times
Source: Google News India - Business | 22 Jul 2008 | 11:52 am 'Super Artist Award' from AirtelA mega painting competition will be held here for school children by Airtel to provide them an opportunity to express what they admire the most about their country.Source: Daily News & Analysis: Money News | 22 Jul 2008 | 11:41 am Pune company bags Chrysler orderPrecision Automotive Robotics Inc (PARI), a city-based robotics and automation company, has bagged a Rs.150-million order from American automobile giant Chrysler to develop an automated axle manufacturing system, a top official said here.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 11:31 am It's all about politicians on Dalal StreetDalal Street in downtown Mumbai, home to India's main stock exchange, was as captivated by the drama unfolding in parliament over the trust motion debate as the rest of the nation Tuesday.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 11:30 am IDBI net up to $39.9 mn in first quarterIDBI Bank Ltd Tuesday announced a net profit of $39.94 million (Rs.1.59 billion) during the first quarter this fiscal, as against the $ 38.28 million (Rs.1.53 billion) for the corresponding period the previous year.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 11:30 am Indian shares rise 1.8 pct on govt vote hopesMUMBAI (Reuters) - Indian shares rose 1.8 percent on Tuesday to their highest close in almost a month, as investors speculated the government would win a confidence vote in parliament and put an end to political uncertainty.Source: Reuters: Money News | 22 Jul 2008 | 11:21 am Yahoo's Yang Faces Sagging Profit After Icahn Row (Update1) - Bloomberg
Source: Google News India - Business | 22 Jul 2008 | 11:19 am Onion prices to add flare to inflation fireMUMBAI (Reuters) - Onion prices, muted through the agri commodities rally in the first half of 2008, have doubled in July and is set to flare in the second half on an expected drop in output, traders and officials said.Source: Reuters: Money News | 22 Jul 2008 | 11:16 am MTN may look at other Indian telcos: Reports - Business Standard
Source: Google News India - Business | 22 Jul 2008 | 11:12 am Sensex extends winning streak, gains 254 pts - Sify
Source: Google News India - Business | 22 Jul 2008 | 11:05 am Piramal Health to sell French 'Ducray' in India - Reuters India
Source: Google News India - Business | 22 Jul 2008 | 11:04 am Ecuador removes short term visa to boost investmentSouth American emerging economy Ecuador, in a bid to attract investors and boost tourism, has revoked the need for a short term visa for all visitors staying in the country for 90 days or less in a year, the country's Indian envoy Carlos Abad said here Tuesday.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 11:02 am Bhel Q1 net profit jumps 33% to Rs 384.41 cr - Business Standard
Source: Google News India - Business | 22 Jul 2008 | 10:53 am 'Global bear mkt nearing a climactic point'Global financial services major Morgan Stanley expects the bearish trend in global market nearing its climax and foresees a strong possibility of bulls entry.Source: Daily News & Analysis: Money News | 22 Jul 2008 | 10:53 am 'India set to become economic superpower'He said despite the odds the nation would end up with a higher growth rate than that witnessed during the six years of NDA rule.Source: Daily News & Analysis: Money News | 22 Jul 2008 | 10:50 am IT-B director quits, joining US firm - TopNews
Source: Google News India - Business | 22 Jul 2008 | 10:42 am Dr. Reddy’s Q1 net profit dips 26% - TopNews
Source: Google News India - Business | 22 Jul 2008 | 10:36 am Vodafone quarterly revenue jumps 19%Vodafone posted a 19.1 per cent jump in revenues at 9.8 billion pounds for the quarter ended June 30, propelled by strong growth in India and Europe.Source: Daily News & Analysis: Money News | 22 Jul 2008 | 10:32 am Trade powers struggle to save WTO roundGENEVA (Reuters) - The United States, the European Union and emerging economic heavyweights tried again on Tuesday to bridge huge differences and unblock a trade deal aimed at delivering a boost to the world's flagging economy.Source: Reuters: Money News | 22 Jul 2008 | 9:45 am India gold hardens, buyers avoid marketMUMBAI (Reuters) - India's gold prices firmed up on Tuesday amid speculative buying overseas but local buyers stayed on the sidelines eyeing a correction, dealers said.Source: Reuters: Money News | 22 Jul 2008 | 9:43 am Reliance, ONGC profits set for small riseMUMBAI (Reuters) - India's top petrochemicals maker and oil refiner, Reliance Industries Ltd, is forecast to report a modest 14 percent rise in quarterly net profit as its petrochemical business clips the pace of earnings growth despite strong refining margins.Source: Reuters: Money News | 22 Jul 2008 | 9:36 am Ranbaxy wins price rigging case in UKRanbaxy Laboratories Ltd said it has got clean chit from English Crown Court in a case relating to allegation of price rigging in drug supplies.Source: Daily News & Analysis: Money News | 22 Jul 2008 | 9:29 am KG Basin: Ambani Bros set to meet in Court againThe Ambani brothers will be meeting yet again in their backyard on Tuesday the courts. And this time its not telecom space or airport hangars, but natural gas, which is the bone of contention. The dispute revolves around the sale of natural gas from the KrishnaGodavari Basin to third parties, by Mukesh Ambaniled RIL.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 9:05 am Reliance seeking clean oil storage globallySINGAPORE/NEW DELHI (Reuters) - Reliance Industries Ltd is scouting for oil storages globally to market the huge volume of clean products from its new refinery coming online this quarter, company and trade sources said on Tuesday.Source: Reuters: Money News | 22 Jul 2008 | 8:59 am India sets in motion plans for futuristic tanks - Business Standard
Source: Google News India - Business | 22 Jul 2008 | 8:58 am HDIL to rehabilitate Mumbai slum dwellersMumbaibased developer Housing Development and Infrastructure Ltd (HDIL) will rehabilitate and resettle 20,000 slumdweller families of the 85,000 occupying the Mumbai International Airports land at a cost of Rs 2,750 crore.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 8:42 am Mahindra arm in talks with airlines for supply chainThe Mahindra Groups wholly owned subsidiary, Californiabased Bristlecone, which provides supply chain management (SCM) services, is in talks with a few global airline operators to offer SCM solutions.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 8:36 am Satyam looks to ride growth wave in Asia, AustraliaSatyam Computer Services intends to decrease the US component of revenues by riding on the growth momentum in geographies such as India, West Asia and Australia.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 8:34 am Q1 cement despatches riseDespite cement despatches of frontline companies improving in the first quarter of 200809, steep rise in input cost is expected to exert pressure on the bottomlines.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 8:31 am Tata Comm bets big on enterprise bizTata Communications, the rechristened VSNL, expects to more than double the contribution of its enterprise business as a percentage of company revenues by 2011.Source: Moneycontrol Top Headlines | 22 Jul 2008 | 8:28 am Ranbaxy wins price rigging case in UK - Economic Times
Source: Google News India - Business | 22 Jul 2008 | 8:18 am IT outsourcing deals in Jan-Jun 2008 highest in decadeThe first half of the current calendar year has seen the IT outsourcing industry post its strongest performance in a decade, a leading IT research firm has announced.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 8:02 am Ranbaxy says UK prosecution ended by courtNEW DELHI (Reuters) - Ranbaxy Laboratories Ltd, India's top drug maker by sales, said on Tuesday a U.K. court had quashed the country's Serious Fraud Office's (SFO) prosecution of the firm's subsidiary.Source: Reuters: Money News | 22 Jul 2008 | 8:01 am Equity markets stay in green early afternoonIndian equity markets were trading in the green early Tuesday afternoon amidst reports that the ruling United Progressive Alliance is ahead in the numbers game in the trust vote scheduled in the evening. There was huge buying in metal, power and banking stocks.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 8:00 am India GDP growth in 2007/08 close to 9.1 pct - finminNEW DELHI (Reuters) - India's gross domestic product (GDP) growth in the fiscal year 2007/08 was close to 9.1 percent, the finance minister, Palaniappan Chidambaram, said during a parliamentary debate on Tuesday.Source: Reuters: Money News | 22 Jul 2008 | 6:30 am Chidambaram taunts Communists, cites China exampleSwiping at the Left parties whose withdrawal of support to Prime Minister Manmohan Singh's government has prompted a trust vote in parliament, Finance Minister P. Chidambaram Tuesday cited China's ambitious nuclear power plans to push the India-US nuclear deal, saying "there are some people in India who do not want us to catch up with China'.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 6:30 am Trust vote day: equity markets in the green in early tradeHours before the crucial trust vote in parliament that will decide the fate of India's ruling United Progressive Alliance , equity markets - often seen as a barometer of investor confidence in the government - opened in the green and stayed there in initial trade.Source: IndiaeNews.com: Business News | 22 Jul 2008 | 5:00 am Will UPA govt pull it off?Every decision taken by my Govt is in the best interest of nation: PM. New Delhi, July 21 With less than 24 hours to go for the vote on the confidence motion moved by the Prime Minister, Dr Manmohan Singh, the survival of his Government ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Courier industry reels under high oil price; costs rise 30%While the plight of the airline passengers is well known, there is another segment that is reeling under the surge of oil prices - the express and courier industry. More bad news coming their way, the airlines have further increased charges by ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Indian Bank (Rs 101.80): BuyWe recommend a buy in Indian Bank from a medium-term perspective. From the charts of Indian Bank we observe that it had been on an intermediate-term down trend from its February high of Rs 256 till it recorded its 52-week low of Rs 78 on July ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Tech Mahindra bags $700-m outsourcing deal from BTMumbai, July 21 The sixth largest software vendor, Tech Mahindra, has bagged a $700-million (about Rs 2,975 crore) outsourcing deal from its largest client and shareholder - the UK-based BT group, for a five-year ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Q1 cement despatches riseBut pressure seen from high input costs. Mumbai, July 21 Despite cement despatches of frontline companies improving in the first quarter of 2008-09, steep rise in input cost is expected to exert pressure on the ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Markets cautious ahead of voteStocks, rupee and bonds look up on stable crude, positive global cues. Mumbai, July 21 Amid the steady stream of reports of hectic political parleying and horse trading in the Capital, the financial markets on Monday closed on a cautiously ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Maruti Q1 net skids despite higher salesHigher input costs, new depreciation policy impact show. New Delhi, July 21 Maruti Suzuki, the country’s top car maker, posted a drop in net profit despite higher sales, mainly on account of a sharp increase in raw material prices and a ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am One-year return turns negative for most diversified schemesMany under-perform their benchmark indices: Analysts. Mumbai, July 21 One year may not be a long enough time for judging the performance of equity-related investment schemes, particularly in a bearish market. Yet, for a retail investor who has ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Pepper exporters gain from sale calls in futuresWeak rupee also makes the spice competitive in global market. Kochi, July 21 Bearish reports and sell calls on a daily basis for black pepper at various commodity exchanges have turned out to be advantageous to exporters, who have been able to ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Locally heavy rain in TN, KarnatakaThiruvananthapuram, July 21 Southeasterly winds blowing in from the adjoining Bay of Bengal have fetched welcome parcels of moisture into coastal and interior south peninsula getting precipitated as scattered, isolated moderate and locally ...Source: Business Line - Home Page | 22 Jul 2008 | 12:00 am Nath to attend WTO talks regardless of trust voteCommerce Minister Kamal Nath said he would attend WTO talks regardless of the trust vote, reports CNBCTV18. He feels the government position is comfortable.Source: Moneycontrol Top Headlines | 21 Jul 2008 | 11:20 pm Not the bottom yet, but time to pick some long-term investmentsHaving sleepless nights seeing the Sensex gyrate to the tunes of rising oil prices? Hurt by inflation? What about politics?Source: Daily News & Analysis: Money News | 21 Jul 2008 | 10:46 pm Omaxe to sell pie to PEs in mass-housing projectOmaxe Ltd, the New Delhi-based realtor, is in "advanced talks" to raise funds for its ambitious affordable housing project from private equity investorsSource: Daily News & Analysis: Money News | 21 Jul 2008 | 10:45 pm Dr Reddy's set to buy out VCs in Perlecan PharmaDr Reddy's is set to take total control of Perlecan Pharma, the novel R&D model it had kicked off with funding supportSource: Daily News & Analysis: Money News | 21 Jul 2008 | 10:43 pm Agents say they will insist on 5% cut from airlinesTravel agents, who are at loggerheads with airlines over the issue of commissions, say they will settle at nothing less than the restoration of the 5% commission regimeSource: Daily News & Analysis: Money News | 21 Jul 2008 | 10:42 pm Crashing commissions: Travel agents in air pocketThe Travel Agents Federation of India met today to oppose the cut in commisions on sale of air tickets. The commision will go from 5% to 0% from October this year. The Travel Agents Federation has said that it will unite to earn its rights of livelihood.Source: Moneycontrol Top Headlines | 21 Jul 2008 | 7:46 pm Travel agents threaten to stop selling airline ticketsMajor travel agents have threatened to stop selling domestic and international air tickets until airlines agreed to restore commissions that they had said they would scrap starting October 1, citing higher costs and slower growth.Source: Business Standard | Front Page Headlines | 21 Jul 2008 | 7:10 pm Householder policy premiums fall 35-50%The next time you buy a householder's insurance policy, you could be paying premiums that are 35 to 50 per cent lower.Source: Business Standard | Front Page Headlines | 21 Jul 2008 | 7:06 pm We`ll win easily, says UPAMarkedly more relaxed than all of last week, the Congress-led United Progressive Alliance (UPA) today asserted that it had the numbers to clear the trust vote.Source: Business Standard | Front Page Headlines | 21 Jul 2008 | 7:05 pm Voltas net up 63 percentTata Group promoted Voltas Ltd has announced a consolidated net profit after tax of $21.2 million (Rs.851.30 million) during the first quarter of fiscal year 2008, recording a growth of 63 percent over the corresponding period last year.Source: IndiaeNews.com: Business News | 21 Jul 2008 | 5:31 pm
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