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Mumbai among top 50 expensive world citiesMumbai is among the top 50 most expensive cities in the world. It has moved up four places to land on the 48 spot. The key reason attributed to this is the strengthening of the Indian rupee against the US dollar.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 7:54 pm Industries bear the brunt of power crisis in MaharashtraIt\'s a power crisis in Maharashtra and the industries will feel the pinch. They will have to do without any power for nearly two days, every week.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 6:43 pm OMCs revert back to unbranded fuelAbout two months ago, marketing major Indian Oil planned to convert 1,026 fuels stations across the country into pumps that will only sell its branded diesel Xtra Mile. But before they could even execute the plan, the management decided on a change in strategy.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 6:30 pm Infosys plans to cut U.S. dependence to 40 pctBANGALORE (Reuters) - Infosys Technologies plans to cut dependence on the United States to about 40 percent from more than 60 percent now, its chief executive said, as a slowdown in the world's largest economy hits outsourcing deals.Source: Reuters: Money News | 25 Jul 2008 | 2:18 pm Ultra group ventures into Marathi film prodnUltra Distributors Pvt Ltd, leaders in home video and content aggregation business, have decided to venture into regional film production in a big way.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 2:18 pm Toyota beats GM in global salesToyota Motor has overtaken General Motors of the United States in global auto sales during first half of 2008, according to data released by the two automakers.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 1:54 pm Indian telephone subscriber base crosses 325 mn - Business Standard
Source: Google News India - Business | 25 Jul 2008 | 1:50 pm Technicals, index majors pull markets down - Economic Times
Source: Google News India - Business | 25 Jul 2008 | 1:32 pm Corporate heads see economic growth sliding to 7.6 percentIndian business leaders feel economic growth in 2008-09 will not surpass 7.6 percent, a survey report released by an apex Indian industry body Friday said.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 1:32 pm Reliance Natural Resources posts Rs.160 mn profitThe Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) has posted a net profit of Rs.160 million ($3.7 million) in the first quarter this fiscal, compared to Rs.150 million in the corresponding period last year.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 1:31 pm Fertiliser subsidy to treble this FY - ministerNEW DELHI (Reuters) - India's fertiliser subsidy is likely to treble to 1.19 trillion rupees ($28 billion) this financial year from a year ago as the country tries to protect farmers from rising global prices, the fertiliser minister said.Source: Reuters: Money News | 25 Jul 2008 | 1:30 pm Oriental Bank hikes lending rate by 50 basis pointsMUMBAI (Reuters) - Oriental Bank of Commerce has raised its prime lending rate by 50 basis points to 13.75 percent from 13.25 percent with effect from July 15, it said on Friday.Source: Reuters: Money News | 25 Jul 2008 | 1:24 pm India blocking WTO talks - diplomatic sources - Forbes
Source: Google News India - Business | 25 Jul 2008 | 1:20 pm RBI’s monetary policy review to set direction - NDTV.com
Source: Google News India - Business | 25 Jul 2008 | 1:18 pm Grasim Industries Q1 net at Rs 671.89 cr - Hindu Business Line
Source: Google News India - Business | 25 Jul 2008 | 1:07 pm Mukesh's RIL plunges 7% on BSEA day after it announced its first quarter results, Mukesh Ambani-led Reliance Industries on Friday plunged over 7 per cent amid a weak Mumbai market.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 1:01 pm Samsung Elec Q2 net disappoints, outlook grim !Samsung Electronics Co Ltd (005930.KS) posted a lower-than-expected quarterly profit and faces a tough second half with a sluggish memory chip market and lower margins in flat screens and mobile phones.Source: Zee News : Business | 25 Jul 2008 | 12:55 pm Sensex plunges 447 pts in early trade !The Bombay Stock Exchange benchmark Sensex lost 447 points in early trade on Friday on heavy selling by funds, tracking weak global markets.Source: Zee News : Business | 25 Jul 2008 | 12:55 pm IPI project makes sense if India is on board: Pakistan!Pakistan on Thursday said the ambitious multi-billion-dollar gas pipeline project with India and Iran makes "more economic sense" if New Delhi is on board and argued that it could also serve as an "incentive for stability" in the region.Source: Zee News : Business | 25 Jul 2008 | 12:55 pm Indiabulls Financial Q1 net at Rs 147 cr !Domestic brokerage major Indiabulls Financial Services on Friday announced consolidated net profit of Rs 146.82 crore for the first quarter ended June 30, where as the same stood at Rs 153.17 crore in the corresponding quarter a year-ago.Source: Zee News : Business | 25 Jul 2008 | 12:55 pm Bangalore blasts, weak global markets hit equity market hardThe Indian equities market ended the last day of the trading session with a huge loss amid negative cues from global markets and the serial blasts in the IT city Bangalore which further dampened investor sentiment Friday. Banking, realty and oil and gas stocks were worst hit.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 12:52 pm Tata Motors Are Developing Electric Car! - TopNews
Source: Google News India - Business | 25 Jul 2008 | 12:49 pm Supreme Court reserves judgement on Vedanta miningNEW DELHI (Reuters) - Britain's Vedanta Resources Plc agreed on Friday to pay compensation to tribal people displaced by a planned bauxite mine in Orissa, as the Supreme Court concluded hearings and reserved judgement.Source: Reuters: Money News | 25 Jul 2008 | 12:45 pm JSW group to invest 15-20 bln rupees for sea port - Reuters India
Source: Google News India - Business | 25 Jul 2008 | 12:45 pm India Inc worried, equities fall as blasts rock BangaloreA series of bomb blasts in India's software hub Bangalore Friday sent equity markets crashing, even as the corporate sector expressed worries over its impact on the country's $65 billion IT industry that houses companies like Infosys, Wipro, Intel, Microsoft and Yahoo!.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 12:36 pm Villagers burn Dow Chemical building site in MaharashtraMUMBAI (Reuters) - About 100 people worried about industrial pollution set fire to a construction site of a local unit of Dow Chemical Co in Maharashtra on Friday, police and a Dow official said.Source: Reuters: Money News | 25 Jul 2008 | 12:33 pm Indiabulls Financial Services slides after Q1 results - NDTV.com
Source: Google News India - Business | 25 Jul 2008 | 12:28 pm Govt to move bank, pension bills in AugNEW DELHI (Reuters) - The government may seek parliamentary approval in August for legislation on pension reform and voting rights in private banks, a minister said on Friday, in a sign it is looking to move ahead on stalled reforms.Source: Reuters: Money News | 25 Jul 2008 | 12:24 pm RPT-Cabinet approves State Bk of Saurashtra, SBI merger - TopNews
Source: Google News India - Business | 25 Jul 2008 | 12:09 pm B'lore blasts take toll on D-streetTremors of Bangalore serial blasts on Friday were felt in Dalal Street with benchmark Sensex tumbling by over 500 points as suspected terror-link to the explosions.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 12:05 pm India shares fall 3.4 pct; Reliance, banks leadMUMBAI (Reuters) - Indian shares fell 3.4 percent on Friday, pulled down by financials ahead of an expected rise in official interest rates next week and Reliance Industries, with sentiment roiled in late trade by blasts in the IT city of Bangalore.Source: Reuters: Money News | 25 Jul 2008 | 12:03 pm RIL says it's only contractor for extracting gas from KG basin - Hindu
Source: Google News India - Business | 25 Jul 2008 | 12:03 pm Govt to oppose moves to raise steel pricesNEW DELHI (Reuters) - The government will oppose moves by steel firms to raise prices after an agreed three-month freeze lapses in early August, Steel Minister Ram Vilas Paswan said on Friday.Source: Reuters: Money News | 25 Jul 2008 | 12:00 pm Tata Power net up to $47.63 mnTata Power Co Ltd Friday announced a net profit $47.63 million (Rs.1.9 billion) during the first quarter this fiscal, compared to $47.5 million (Rs.1.9 billion) last year.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 11:27 am Sensex closes 503 points downThe Indian equities market closed deep in red Friday.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 11:24 am India can kickstart stake sales but jumbos unlikelyMUMBAI/NEW DELHI (Reuters) - Emboldened by winning a confidence vote, the government is expected to revive a privatisation drive, but a looming election means it will only have time for a few small sales rather than any jumbo ones.Source: Reuters: Money News | 25 Jul 2008 | 11:24 am Union Bank net up 1.33 percent to Rs.2.28 bnUnion Bank of India has announced a net profit of $57 million (Rs.2.28 billion) during the first quarter this fiscal, compared to $56.25 million (Rs.2.25 billion) in the corresponding period of the previous year, recording a growth of 1.33 percent.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 11:19 am Subdued rainfall not a worry; expect it to recover: ExpertsAB Mazumdarof the Indian Met Dept believes the rainfall has picked up and is likely to increase in deficient areas. He said the rainfall is deficient in southern India and parts of Maharashtra. He is not unduly worried about subdued rainfall and expects it to recover, Mazumdar said.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 10:46 am Passengers of bird-hit Air Mauritius plane stranded in DelhiA day after an Air Mauritius plane caught fire while taking off from the international airport here, the 241 passengers remained stranded in the national capital Friday.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 10:37 am Tata Power net up to $47.63 mn in first quarterTata Power Co Ltd Friday announced a net profit $47.63 million (Rs.1.9 billion) during the first quarter this fiscal, compared to $47.5 million (Rs.1.9 billion) in the corresponding period the previous year.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 10:32 am Grasim industries posts marginal rise in net profit at Rs.67.18 bnGrasim Industries, flagship company of the Aditya Birla Group, has posted a marginal rise in net profit at Rs.67.18 billion for the quarter ending June 2008 as compared to Rs.66.96 billion for the corresponding period of the previous year.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 9:31 am MRPL net up 129 percentMangalore Refinery and Petrochemicals Ltd (MRPL) announced Friday a 129 percent jump in the company's net profit in the first quarter of this financial year, a company regulatory statement said.Source: IndiaeNews.com: Business News | 25 Jul 2008 | 9:30 am Cabinet gets into reform mode; approves SBI, BoS mergerThe Cabinet today paved the way for the merger of State Bank of Saurashtra with the parent State Bank of India. In time this will create SBI as a formidable force among banks.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 9:15 am Exide Q1 net up 17% at Rs 82 crExide Industries today announced a net profit of Rs 82.20 crore for the quarter ended June 30, a growth of 17 per cent over the same period a year-ago.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 8:49 am India to keep sugar controls for now - govtNEW DELHI (Reuters) - India has no immediate plan to remove controls on the price and distribution of sugar, junior food minister Akhilesh Prasad Singh told reporters on Friday.Source: Reuters: Money News | 25 Jul 2008 | 8:44 am Zero commission: Airlines to take a call on Aug 1Airlines have sought time from travel agents till August 1 to decide on whether they will implement the zero commission from October 1, 2008, as earlier said.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 8:43 am Finacle upbeat on transformational dealsFinacle, a business of Infosys, is upbeat on the financial services market, and more specifically on banks seeking to upgrade from old (legacy) technology systems.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 8:41 am Tata Motors developing electric car, host of green carsTata Motors is developing an electric car, besides a host of ecofriendly, hybrid, biofuel and compressedair run cars, said the Chairman, Mr Ratan Tata, at the annual general meeting on Thursday.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 8:36 am Cabinet okays SBI, State Bank of Saurashtra mergerWith the Left parties no longer in the picture and new allies coming into its fold, the UPA Government has been encouraged to take a legislative route to facilitate State Bank of Indias (SBI) acquisition of State Bank of Saurashtra (SBS), the smallest of its associate banks.Source: Moneycontrol Top Headlines | 25 Jul 2008 | 8:33 am MTNL (Rs 103.70): BuyWe recommend a buy in Mahanagar Telephone Nigam Ltd (MTNL) from a short-term perspective. It is evident from the charts of MTNL that from its 52-week high of Rs 219, the stock tumbled steeply during January 2008. This down-move continued until ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am IFCI, Emaar MGF in spatBone of contention is pre-IPO deal of Rs 50 cr. New Delhi, July 24 IFCI has taken Emaar MGF to court, alleging non-refund of Rs 50 crore invested by the financial instituion in a pre-IPO placement transaction with the real estate company. ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am Cabinet okays SBI, State Bank of Saurashtra mergerNew Delhi, July 24 With the Left parties no longer in the picture and new allies coming into its fold, the UPA Government has been encouraged to take a legislative route to facilitate State Bank of India’s (SBI) acquisition of State ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am Strong subscriber base drives Airtel Q1 profits up75.09 lakh new customers, highest in a single quarter. New Delhi, July 24 A massive increase in its subscriber base has enabled telecom major Bharti Airtel Ltd to record a 34 per cent rise in profit for the quarter ended June 30, 2008. ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am All-India rainfall figures fall into deficitThiruvananthapuram, July 24 For the first time this season thus far, all-India rainfall has fallen into deficit as per updated India Meteorological Department (IMD) statistics until July 23. ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am Inflation rate eases marginally to 11.89%Wholesale Price Index of all commodities up at 239. New Delhi, July 24 The annual wholesale price index-based inflation rose 11.89 per cent during the week ended July 12, marginally lower than the previous week’s annual rise of 11.91 per ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am RBI comes down on unsolicited credit cardsCUSTOMER-FRIENDLY. Mumbai, July 24 If you receive an unsolicited credit card, you can now make your bank pay for the inconvenience caused to you. ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am Day Trading GuideOn Thursday, the stock tested the resistance level Rs 750 and formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am Oilseeds output may be lower by 20 lakh tonnes, says expertMumbai, July 24 India’s oilseeds crop may be lower by over 20 lakh tonnes during kharif 2008. This could lead to a reduction in the availability of oil; and if lower carry-in of rapeseed/mustard is also factored-in, the country’s ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am Strong refining margins drive Reliance net up 13%Bottomline growth, however, is lowest for several quarters. Mumbai, July 24 Reliance Industries’ net profit for the first quarter rose 13 per cent on higher revenues and strong margins from refining, its largest business. ...Source: Business Line - Home Page | 25 Jul 2008 | 12:00 am A milieu blockbuster machine called Framed IvoryI have been receiving emails from readers with many compelling ideas for the Vision India 2020 series.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 10:55 pm Buzz on Bharti, MTN deal-talks revivalWithin a week of merger talks breaking down between MTN, the South African telecom company, and Anil Ambani's Reliance Communications (RCom), the buzz on Bharti Airtel returning to the centrestage has grown stronger.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 10:50 pm SBI-SBS merger gets Cabinet okayThe Union Cabinet approved the merger of State Bank of Saurashtra (SBS) with parent State Bank of India (SBI).Source: Daily News & Analysis: Money News | 24 Jul 2008 | 10:48 pm And now, the Tata e-carAfter proving its engineering capabilities through Nano, the cheapest car in the world, Tata Motors, India's largest automotive company, has set its sight on electric cars.Source: Daily News & Analysis: Money News | 24 Jul 2008 | 10:47 pm Ban on commodity futures trading to be reviewed on Sept 6Agriculture Minister Sharad Pawar said the ban on futures trading on commodities is to be reviewed on September 6, reports CNBCTV18. \"However, the ban on nonBasmati rice exports would continue. The ban on nonBasmati rice exports is to be reviewed after fresh procurement.\"Source: Moneycontrol Top Headlines | 24 Jul 2008 | 9:29 pm ONGC to enter nuclear miningOil and Natural Gas Corporation (ONGC), the country's largest oil and gas producer, plans to enter uranium mining in alliance with public-sector Uranium Corporation of India, aiming to tap the business opportunity from nuclear fuel shortage in Asia's third largest economy.Source: Business Standard | Front Page Headlines | 24 Jul 2008 | 6:50 pm Reliance Industries` Q1 net profit jumps 13%Reliance Industries Ltd (RIL), India's largest company by market value, has reported a 13 per cent increase in net profit for the first quarter ended June 2008, as it was able to sell its products at higher prices and also because of doubling of export sales.Source: Business Standard | Front Page Headlines | 24 Jul 2008 | 6:49 pm Govt lines up market reformsIn a move to improve the tradability of domestic convertible bonds, the finance ministry has proposed a mechanism, under which the equity option can be traded separtely.Source: Business Standard | Front Page Headlines | 24 Jul 2008 | 6:48 pm
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