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Hike air fares to break even: Boeing to Indian carriersAircraft manufacturer Boeing Company is bullish on demand for aircraft in India and is advocating airlines to hike fares. Well, Boeing has forecasted a 10% increase in demand for aircraft compared to last year. Jet, Indian and SpiceJet as well as the Indian army will require 1001 aircraft by 2027 that will be worth more than a USD 105 billion.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 4:38 pm Retail wars move from high street to High CourtThe retail wars have moved from high street to High Court. That\'s because Shoppers Stop and Lifestyle have taken Kishore Biyani\'s Pantaloon Retail, to Court. This, over an advertisement that was published by Pantaloon.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 4:36 pm Nano sales to begin by CY08end: Ratan TataRatan Tata, Chairman, Tata Motors said that he saw an advantage in Jaguar and Land Rover\'s loyal customer base. He feels that Jaguar and Land Rover suffered due to Ford\'s bureaucracy. He added that the Singur plant is near completion and the sales of the Tata Nano are set to begin in the last quarter of CY08.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 3:29 pm Cabinet approves State Bk of Saurashtra, SBI mergerNEW DELHI (Reuters) - India has approved the merger of State Bank of Saurashtra with its parent, State Bank of India, to help the smaller bank face challenges better, a cabinet minister said on Thursday.Source: Reuters: Money News | 24 Jul 2008 | 12:46 pm Inflation at 11.89 pct on July 12NEW DELHI (Reuters) - India's wholesale price index rose 11.89 percent in the 12 months to July 12, below the previous week's annual rise of 11.91 percent, government data showed on Thursday.Source: Reuters: Money News | 24 Jul 2008 | 12:44 pm Cabinet approves State Bk of Saurashtra, SBI merger - Reuters India
Source: Google News India - Business | 24 Jul 2008 | 12:35 pm Rupee down as oil cos buy dlrs; shares weighMUMBAI (Reuters) - The rupee shed early gains to close weaker on Thursday, as oil companies bought dollars from the local currency market to fund their import commitments, while losses in local shares also weighed.Source: Reuters: Money News | 24 Jul 2008 | 12:25 pm Glenmark Pharma April-June net seen jumping 80 pctMUMBAI (Reuters) - Drug maker Glenmark Pharmaceuticals Ltd is expected to report an 80 percent surge in quarterly net profit driven by higher sales in the United States, analysts said on Thursday.Source: Reuters: Money News | 24 Jul 2008 | 12:24 pm Bajaj Elec may further raise product pricesMUMBAI (Reuters) - Lighting products and electrical appliances maker Bajaj Electricals Ltd may further increase prices of its products if raw material costs rise, a top official said on Thursday.Source: Reuters: Money News | 24 Jul 2008 | 12:21 pm India Inc betting big on N-deal - NDTV.com
Source: Google News India - Business | 24 Jul 2008 | 12:20 pm TataSky to unbundle ESPN channelsIn the ongoing legal tussle between ESPN and TataSky over beaming of channels, TDSAT allowed the Direct-to-Home operator to beam the sport broadcaster's channels on a la carte basis.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 12:12 pm Wipro bags Rs 132-cr Lodha contract - Hindu Business Line
Source: Google News India - Business | 24 Jul 2008 | 12:10 pm ASCI to decide on Ponds, Fair&Lovely ads in AugustAdvertising Standards Council of India is likely to review a complaint in August filed by FMCG major Procter and Gamble against rival Hindustan Unilever over two advertisements.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 12:10 pm Gujarat Paguthan seeks IFC loan for wind power projectGujarat Paguthan Energy Corp (GPEC), an independent power project in Bharuch district, has sought a $20-million loan from the International Finance Corp (IFC) to part finance the first of its two wind power projects at Samana, about 65 kilometres from Jamnagar.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 12:03 pm Sensex closes 165 points downThe Indian equities market closed in red.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 12:02 pm JSW to foray into N-power generationSajjan Jindal-owned JSW Group announced its intention to foray into the nuclear power sector.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 12:02 pm Tata: initial Nano demand to exceed supplyMUMBAI (Reuters) - Tata Motors, which plans to launch its ultra-cheap Nano model later this year, expects initial demand for the car to exceed supply, Chairman Ratan Tata said on Thursday.Source: Reuters: Money News | 24 Jul 2008 | 12:01 pm Sarin's Vodafone faces cornershop revoltAfter seeing off powerful competitors from the boardroom to emerging markets in Africa and Asia, Vodafone's India-born chief executive Arun Sarin is facing a stiff challenge.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 11:58 am Stocks drop as traders take profits after 5-day rise - Economic Times
Source: Google News India - Business | 24 Jul 2008 | 11:57 am Reliance Ind Q1 net rises 13 pct, meets fcastMUMBAI (Reuters) - India's biggest private sector company, Reliance Industries Ltd, met forecasts with a 13 percent rise in quarterly profit as strong refining margins helped overshadow its sluggish petrochemicals business.Source: Reuters: Money News | 24 Jul 2008 | 11:55 am UPA looking to push reforms - Hindustan Times
Source: Google News India - Business | 24 Jul 2008 | 11:39 am Ford posts $8.7 bln quarterly net lossDETROIT (Reuters) - Ford Motor Co posted an $8.7 billion quarterly net loss on Thursday amid declining sales of large pickup trucks and SUVs in North America and said it would add new smaller vehicles to its lineup as part of a sweeping realignment in response to high gas prices.Source: Reuters: Money News | 24 Jul 2008 | 11:31 am Hike air fares to break even: Boeing to Indian carriers - Moneycontrol.com
Source: Google News India - Business | 24 Jul 2008 | 11:30 am India's first microinsurance platformGradatim IT Ventures, a leading micro-finance player, on Thursday announced the launch of its on-demand micro-insurance technology platform called MF-Insure.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 11:30 am Intel Capital to invest $17 m in 3 Indian firms - Hindu Business Line
Source: Google News India - Business | 24 Jul 2008 | 11:15 am Bharti Airtel to invest $2.5 bn on expansion - Financial Express
Source: Google News India - Business | 24 Jul 2008 | 11:14 am Educomp to buy 76% stake in A-Plus Education - Business Standard
Source: Google News India - Business | 24 Jul 2008 | 11:14 am Honda launches 125 CC CBF StunnerTargeting youth, world's largest manufacturer of two-wheelers Honda Motorcycle and Scooter India Ltd on Thursday launched its latest offering 125 CC 'CBF Stunner' here.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 11:09 am CCEA approval for Eicher Motors, Swedish firm JV - Business Standard
Source: Google News India - Business | 24 Jul 2008 | 11:02 am Bharti Airtel profit beats forecast, still seeks buysNEW DELHI (Reuters) - Bharti Airtel Ltd, the top mobile operator in the world's fastest-growing wireless market, posted a forecast-beating 34 percent jump in profit and said it would still hunt for targets to expand globally.Source: Reuters: Money News | 24 Jul 2008 | 10:51 am Bharti Airtel Q1 net profit up 34% to Rs 2,025 cr!Leading cellular operator Bharti Airtel Thursday announced a 34 percent increase in net profit at Rs 2,025 crore for the quarter ended June 30, riding on new subscribers growth.Source: Zee News : Business | 24 Jul 2008 | 10:30 am Bharti Airtel Q1 net profit up 34%Bharti Airtel announced on Thursday a 44 percent growth in revenue and a 34 percent increase in its net profit in the first quarter of the current fiscal.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 10:07 am Oil hits 7-week low to $125!Oil prices fell to a seven-week low below USD 125 a barrel on Thursday.Source: Zee News : Business | 24 Jul 2008 | 10:00 am Top Indian banks' Q1 profit hit by rising interest ratesMUMBAI (Reuters) - State Bank of India and ICICI Bank, the country's top lenders, are set to report sharply lower quarterly profit growth as higher interest rates hit margins and the value of their bond portfolios decline.Source: Reuters: Money News | 24 Jul 2008 | 9:43 am Government to accelerate reform agendaThe Indian government will now proceed full speed ahead on its unfinished reform agenda, a senior minister said Thursday, two days after winning a trust vote in parliament.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 9:32 am German cos join hands to set up packaging machinery unit in GujaratGerman global packaging majors Haver and amp; Boecker and IBAU, have teamed up to set up a Rs.200 million plant near here to make high-speed packaging machinery, company officials said.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 9:32 am Railways electrify track at a height of 7.45 metresThe East Coast Railway has electrified a stretch of railway track in Orissa at a height of 7.5 metres to run double-stack container (DSC) goods trains, an official said Thursday.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 9:32 am Saarc mutual legal assistance treaty may be finalised: PranabA Saarc convention on mutual legal assistance in tackling crime is likely to be finalised at the forthcoming summit of the grouping in Sri Lanka, External Affairs Minister Pranab Mukherjee said here Thursday.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 9:30 am India next target for Jaguar Land RoverJaguar Land Rover, now a Tata acquisition, is looking to expand to India, according to its chief executive David Smith.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 9:28 am Kamal Nath talks tough at WTO meetCommerce Minister Kamal Nath talked tough at the World Trade Organisation, or WTO meeting, has said that a couple of proposals under discussion could be dealbreakers.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 9:11 am Slowdown in Indian aviation may end in a year: BoeingThe current downturn in the Indian aviation industry would end in the next 10 to 12 months as the sector reduces flights and resolves overcapacity issues, said the USbased aircraft manufacturer Boeing here on Wednesday.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 8:44 am More power to nuke deal!UPA or the United Progressive Allliance\'s winning combination has made the power sector in India particularly happy. After coal and gas based power plants, the Indian power sector will also have nuclear power projects to look forward to.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 8:44 am Railways to expand capacities of workshopsThe Railways has accorded sanction to carry out expansion works in the railway workshops in the country, Mr Raj Kamal Rao, Member (Mechanical), Railway Board, said on Wednesday.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 8:42 am Blue Dart expands to SAARC countriesBlue Dart, a major domestic logistics service provider, proposes to expand its operations by launching services to neighbouring countries.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 8:40 am Satyam, Infospectrum join to serve aviation cosIT services provider Satyam Computer has announced it has signed an agreement with Infospectrum to provide thirdparty maintenance, repair and overhaul (MRO) and component repair services for the global aviation industry.Source: Moneycontrol Top Headlines | 24 Jul 2008 | 8:38 am Equity markets slip into red early afternoonIndian equity markets slipped into the red Thursday afternoon after opening with a gain. Technology, capital goods and metal stocks came under selling pressure.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 8:32 am Bharti Airtel first quarter net profit up 34 percentIndian telecom major Bharti Airtel announced Thursday a 44 percent growth in revenue and a 34 percent increase in its net profit in the first quarter of the current fiscal over the same period last year.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 8:31 am Trust! Manmohan Singh will now bat for reformsBy using the term 'bonded slave' in his speech at the conclusion of the trust vote, Prime Minister Manmohan Singh eloquently expressed his feelings during the four years of ties between the United Progressive Alliance (UPA) and the Left parties. The pioneer of economic reforms in the 1990s, Manmohan Singh was expected to push forward the reform agenda during his tenure as prime minister but was hamstrung at every step by the Left partners.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 8:30 am 'India reaping boom in global art investment'Investment in art continues to be robust globally despite the credit crisis in other financial sectors. And India is reaping the benefits of the boom as it tries to emerge as a mature market, says art investment guru Phillip Hoffman.Source: IndiaeNews.com: Business News | 24 Jul 2008 | 6:32 am Markets on a songFIIs turn big net buyers even as domestic institutions book profit. Mumbai, July 23 The stock markets on Wednesday greeted the Manmohan Singh Government winning the confidence vote with a six per cent gain in the benchmark indices, but ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Cashew apple seen a viable source to produce ethanolUN body asks institutions to develop clean technology. Kochi, July 23 The UNIDO Centre for South-South Industrial Cooperation (UCSSIC), New Delhi, has identified cashew apple as an alternative to food crops that are currently used for ethanol ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Insurance players now see scope for more FDICos nearing 10th year of operations may look at listing option. Mumbai, July 23 The Government’s winning of the trust vote has raised the insurance industry’s hopes of seeing foreign direct investment in the sector being raised ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am ‘Short-term profitability of general insurance firms could be hit’Mumbai, July 23 While the short-term profitability of general insurance firms in India could be affected by the current situation in the industry, the outlook for these firms is stable on account of steady fundamental credit conditions for the ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Rupee surges by 65 paiseMumbai, July 23 The rupee on Wednesday gained 65 paise against the dollar backed by a host of positive factors. Apart from the government winning the trust vote, the fall in international crude prices and the rally in the domestic equity ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Day Trading GuideThe stock is currently facing the resistance at Rs 750. Fresh long-position can be initiated, only if the stock moves above Rs 750, with a tight stop ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Disinvestment process may gain speed‘Govt has limited timeline; tough to push through major reforms’. New Delhi, July 23 After the initial euphoria over reforms getting a leg-up following the United Progressive Alliance (UPA) Government surviving a trust vote and ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Slowdown in Indian aviation may end in a year: Boeing‘Optimising aircraft usage can resolve overcapacity problem’. Mumbai, July 23 The current downturn in the Indian aviation industry would end in the next 10 to 12 months as the sector reduces flights and resolves overcapacity ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Steel Authority of India (Rs 146): BuyWe recommend a buy in Steel Authority of India (SAIL) from a short-term perspective. From the charts of the SAIL, we see that it was on an intermediate-term downtrend from its December 2007 high of Rs 292 to its July 2008 low of Rs 117. ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Cotton export contracts need to be registeredGovt concedes industry demand to facilitate better data collection. New Delhi, July 23 Bowing to domestic textile industry demand, the Government has sought to place export restraint on cotton by stipulating mandatory registration (licensing) ...Source: Business Line - Home Page | 24 Jul 2008 | 12:00 am Time for Goliaths to ally with DavidsGSK will use its branding and marketing strength worldwide to distribute products from OTL in over 95 emerging markets except sub-Saharan Africa and India.Source: Daily News & Analysis: Money News | 23 Jul 2008 | 11:00 pm Rally may extend before fizzling outAfter a gap of exactly four months, foreign investors bought equities worth over Rs 1,000 crore (Rs 1,300 crore, says provisional data) in one sessionSource: Daily News & Analysis: Money News | 23 Jul 2008 | 10:57 pm IFCI moves HC against Emaar MGF for nonrefund of Rs 50crIFCI has moved the Delhi High Court against Emaar MGF for nonrefund of Rs 50 crore, which was invested in the preIPO placement, reports CNBCTV18. IFCI has filed winding up proceedings against Emaar MGF, which had withdrawn its initial public offering, or IPO, in February 2008.Source: Moneycontrol Top Headlines | 23 Jul 2008 | 9:29 pm Government wins market trust tooThe markets cheered the government's victory in Parliament on hopes that reforms would get a push with the Bombay Stock Exchange's (BSE's) benchmark sensitive index (Sensex) gaining the most since March 25 this year to come within striking distance of the 15,000-mark.Source: Business Standard | Front Page Headlines | 23 Jul 2008 | 7:31 pm ADAG stocks see powerful surgeThe government's victory in Parliament on July 22 seems to have had a beneficial effect on companies promoted by the Anil Dhirubhai Ambani Group (ADAG).Source: Business Standard | Front Page Headlines | 23 Jul 2008 | 7:30 pm IRDA opposes LIC`s move to nominate `stranger` nomineesThe Insurance Regulatory Development Authority (Irda) is planning to issue a notice to Life Insurance Corporation of India (LIC) to stop the latter from allowing policy-holders to nominate "strangers" (those who are not close relatives) and religious institutions as beneficiaries of life policy claims.Source: Business Standard | Front Page Headlines | 23 Jul 2008 | 7:29 pm Govt plans pre-IPO placement for OILThe government will offload 10 per cent of its shares in Oil India Ltd (OIL), the second-largest government-owned oil producer, to the three oil marketing companies ? Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp ? as a pre-IPO (Initial Public Offer) placement before OIL's share sale hits the market in October this year, but at a price determined in the public offer, a company official said.Source: Business Standard | Front Page Headlines | 23 Jul 2008 | 7:27 pm
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