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Steel majors to hike prices based on demandSteel majors, Tata Steel and JSW Steel said it has not been asked by the government to extend price freeze yet. Tata Steel will take a call on hiking prices based on demand whereas JSW will take independent call closer to expiry of deadline.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 3:57 pm Centre to allocate 100 mw per day to Tamil NaduThere seems to be a silver lining in the power situation in Tamil Nadu at least for the time being. Tamil Nadu has some good news at least for some time. The centre has agreed to allocate 100 megawatts per day for the next month. Not only that, it has also decided to sanction two power projects of 8400 MW for the state.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 3:34 pm Rising defaults stop banks\' credit card onslaughtNot so long ago, banks did all they could to give you credit cards, now things have changed. Rising defaults have made cards a high risk business and that\'s made banks slow down their credit card expansion.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 3:12 pm AP govt announces addl power holiday for indIt is a grim situation in Andhra Pradesh. The state is staring at a major power shortfall in the coming months. The government has announced an additional power holiday for industries.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 3:07 pm IPR enforcers conduct raid on Varsha PharmaCNBCTV18 has learnt from sources that IPR enforcers have conducted a raid on behalf of Piramal Healthcare. Sources added that IPR enforcers are looking for fake drugs. The premises of HPbased Varsha Pharma has been raided and 7,21,000 tablets have been seized. The ingredients to make 4,27,000 tablets have also been seized.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 2:43 pm IT cos prefer SEZ due to nonextension of STPIIT parks are no longer the favoured destination for IT companies with many bigwigs opting for SEZs, which has led to a fall in rentals. HCL, Capgemini and Accenture are heading to SEZs instead of IT parks, after the tax sops under the STPI scheme was not extended beyond 2009.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 2:07 pm Why has Bharti\'s retail venture not picked up steam yet?After a low profile launch, one expected Bharti Retail to pick up steam. Four months and only four stores and that too all in the family backyard Ludhiana, that is Bharti Retail\'s score so far.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 1:16 pm Eicher posts 44.47% fall in Q1 PATCommercial vehicles manufacturer Eicher Motors on Saturday reported a fall of 44.47 per cent in its profit after tax for the quarter ended June 30, 2008, at Rs 5.27 crore.Source: Daily News & Analysis: Money News | 26 Jul 2008 | 12:47 pm `Venezuela to sell oil at $100 a barrel to Spain` !Venezuela will sell Spain up to 10,000 barrels of oil per day at 100 dollars a barrel in exchange for imports of medical equipment and other goods, Venezuelan President Hugo Chavez said on Saturday.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm RIL loses Rs 23,000 cr in market cap; shares dip 7 pc !Shares of Mukesh Ambani-led Reliance Industries on Friday plunged nearly seven percent, leading to a loss of over Rs 23,000 crore in its market capitalisation in a single day.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm PNB to exit from PNB Gilts !Public sector lender Punjab National Bank will exit from its primary dealership subsidiary PNB Gilts Ltd by selling its entire 74 percent stake. The bank will invite bids from those interested in buying the stake, PNB sources said.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm `Some consensus reached at WTO talks`!Indian Commerce Minister Kamal Nath on Friday said that there was some consensus on areas that dealt with enhancing prosperity amid new hopes of some result of WTO negotiations on a new global trade pact. Nath however added that there was "no agreement" in this area.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm Maruti Suzuki to roll out new M800 Uniq!Country`s largest carmaker Maruti Suzuki is turning to a `Uniq` way to give further impetus to its oldest brand M800, with plans of launching a limited edition of the car.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm European Commission approves HP`s $13.9 bn purchase of EDS !Hewlett-Packard said the European Commission had approved its planned acquisition of Electronic Data Systems without conditions.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm WTO issues fresh proposals on goods!WTO, as a last ditch effort to find an agreement on Doha modalities, believed to have circulated fresh proposals all the trade ministers on agriculture and industrial products, linking flexibilities to developing countries with sectoral initiatives, which has all along been objected to by India.Source: Zee News : Business | 26 Jul 2008 | 12:38 pm 700,000 pain-relieving tablets seized in HimachalOver 700,000 pain-relieving tablets were seized from a drug manufacturing company in Himachal Pradesh for using a name and packaging material similar to a well-known pharmaceutical firm's product, the police said Saturday.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 12:33 pm Suncity to invest Rs.20 bn to develop four mallsCity-based realtor Suncity Projects Saturday announced plans to develop four mixed-use retail malls in four Indian cities with an investment of around Rs.20 billion.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 12:33 pm Reliance Infrastructure net profit up 14 percentThe Anil Ambani-promoted Reliance Infrastructure Ltd has announced a net profit of $59 million (Rs.2.53 billion) for the first quarter of 2008-09 compared to $51.77 million over the same period last year, a growth of 14 percent.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 12:31 pm Shipping Corp posts $69.9 mn net profitShipping Corp of India Ltd has posted a net profit of $69.9 million (Rs.2.79 billion) for the first quarter of the current fiscal against $51.52 million over the same period last year.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 12:30 pm Rising defaults stop banks' credit card - Moneycontrol.com
Source: Google News India - Business | 26 Jul 2008 | 12:16 pm State Bank Q1 beats f'cast, ICICI dropsMUMBAI (Reuters) - State Bank of India beat forecasts with a 15 percent rise in quarterly profit as other income more than doubled, but its private sector rival ICICI Bank posted an unexpected fall in profits after its bond and equity portfolios lost value.Source: Reuters: Money News | 26 Jul 2008 | 12:13 pm IT cos put staff safety first - Indiatimes
Source: Google News India - Business | 26 Jul 2008 | 12:10 pm JSW setting up deep-sea port in Orissa - Sify
Source: Google News India - Business | 26 Jul 2008 | 11:54 am SBI Q1 profit 15% higher despite MTM provisions - Financial Express
Source: Google News India - Business | 26 Jul 2008 | 11:50 am Bad debts hit ICICI Bank Q1 profitA sharp increase in interest rates, negative impact on treasury income and mounting bad loans have hit ICICI Bank's first quarter net profit which fell to Rs 728 crore.Source: Daily News & Analysis: Money News | 26 Jul 2008 | 11:32 am Tata Power plans more in Mumbai - Sify
Source: Google News India - Business | 26 Jul 2008 | 11:10 am Zee plans to invest Rs.8.5 billion in movie armZee Entertainment Enterprises Limited (ZEEL) is planning to float a film subsidiary company under the name Zee Entertainment Studios, a top company official said Friday.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 11:02 am Reliance Autozone launches retail storeReliance Autozone, a subsidiary of Reliance Industries Limited, has launched an automotive speciality store at Ambience Mall, Gurgaon, adjacent to the national capital.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 11:01 am Iran says oil could reach $500 on dollar, politicsTEHRAN (Reuters) - Iran's OPEC governor said world oil prices could reach as high as $500 per barrel in a few years' time if the U.S. dollar falls further and political tension worsens, an Iranian weekly said.Source: Reuters: Money News | 26 Jul 2008 | 10:53 am MRPL expansion costs set to rise - Sify
Source: Google News India - Business | 26 Jul 2008 | 10:52 am Zee to invest Rs 8.5 bn in movie armZee Entertainment Enterprises Limited (ZEEL) is planning to float a film subsidiary company under the name Zee Entertainment Studios, a top company official said on Friday.Source: Daily News & Analysis: Money News | 26 Jul 2008 | 10:50 am Reliance Autozone launches retail storeReliance Autozone, a subsidiary of Reliance Industries Limited, has launched an automotive speciality store at Ambience Mall, Gurgaon, adjacent to the national capital.Source: Daily News & Analysis: Money News | 26 Jul 2008 | 10:48 am WTO extends trade talks push until Weds - diplomatGENEVA (Reuters) - A meeting of ministers to find a breakthrough in world trade talks has been extended until Wednesday, a trade diplomat said on Saturday.Source: Reuters: Money News | 26 Jul 2008 | 10:21 am ICICI Bank net profit down six percentIndia's largest private sector lender ICICI Bank has posted a six percent dip in its net profit to Rs.7.28 billion ($169 million) for the quarter ending June 2008, down from Rs.7.75 billion ($180 million) for the corresponding period last year, a statement from the bank said Saturday.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 10:02 am Media joint venture offers movie clips on mobile phonesA path-breaking joint venture (JV) between Bay Talkitec and Saimira Access Technologies will help film buffs abroad watch trailers of the forthcoming Rajnikanth starrer 'Kuselan' on mobile phones.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 10:00 am India, China growth drivers for Singapore AirlinesIndia along with China is keeping the hopes of Singapore Airlines (SIA) alive in the face of downward trends from other markets such as Japan and the US.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 9:10 am Nath willing to negotiate commerce not livelihood security - Moneycontrol.com
Source: Google News India - Business | 26 Jul 2008 | 9:08 am Pantaloons Brand Factory ropes in Planet M, GlobusPantaloon Retails fashion value retail format, which opened its seventh outlet in the country and the second in Bangalore on Thursday, expects to touch revenues of Rs 500 crore by June 2009.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 9:07 am Exide to invest Rs 180 cr on capacity expansionExide Industries Ltd will invest Rs 180 crore towards capacity expansion of both automotive and industrial batteries in this fiscal.Source: Moneycontrol Top Headlines | 26 Jul 2008 | 9:00 am State Bank net profit up 15 percentThe country's largest bank, State Bank of India, posted a 15.1 percent rise in net profit to Rs.16.41 billion for the quarter ending June 2008 compared to Rs.14.26 billion in the corresponding period last year.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 9:00 am Himachal high court stays arrest of Supermax chairmanThe Himachal Pradesh High Court has stayed the arrest of R.K. Malhotra, chairman of blade manufacturing company Supermax, in the July 1 shooting case at a company unit in the state.Source: IndiaeNews.com: Business News | 26 Jul 2008 | 7:31 am ASUS Opens Service Centre In Delhi; To Invest Rs 20 Cr By 2010 - TopNews
Source: Google News India - Business | 26 Jul 2008 | 7:06 am Wall Street Week Ahead: Jobs, oil, earnings to call tuneNEW YORK (Reuters) - U.S. stock investors will sift through reams of economic reports, including July payrolls and second-quarter gross domestic product, as they search for catalysts next week that could trigger a recovery on Wall Street.Source: Reuters: Money News | 26 Jul 2008 | 6:40 am Exide to invest Rs 180 cr on capacity expansion - Moneycontrol.com
Source: Google News India - Business | 26 Jul 2008 | 4:02 am Cellphone cos have a rocking June - Sify
Source: Google News India - Business | 26 Jul 2008 | 3:44 am Starbucks now says will keep breakfast sandwichesLOS ANGELES (Reuters) - Starbucks Corp said on Friday it would continue sales of hot breakfast sandwiches and that it changed the recipe to make their smell interfere less with the aroma of coffee.Source: Reuters: Money News | 26 Jul 2008 | 2:45 am Inflation will continue to haunt in second-half tooKharif production facing prospect of setback. Mumbai, July 25 Now that the political dust is beginning to slowly settle down, the Government’s priority will have to be inflation control. The Prime Minister himself asserted in no ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am External borrowings melt down to $4 b for June quarterBankers offer differing views; Reliance Comm main borrower. Chennai, July 25 Borrowing abroad doesn’t seem to be that attractive now for Indian companies. Data released by the Reserve Bank of India show that there has been a steep drop ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am Hindustan Unilever: Strong traction in topline continuesPricing power offsets input cost pressures. June quarter numbers of FMCG giant - Hindustan Unilever (HUL) have substantially exceeded street expectations and reaffirm that FMCGs - especially staples such as soaps, detergents and personal ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am DoT offers sops to operators for rural rolloutMove intended to give a boost to e-governance and reduce digital divide. New Delhi, July 25 In a bid boost rural telephony, the Government has decided to give financial incentives to operators who roll out services in rural areas. The ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am July rainfall lowest in 5 yearsProspects of ‘low’ in Bay revive hopes. New Delhi/Thiruvananthapuram, July 25 It’s not as bad as July 2002. But the current month has so far witnessed the worst monsoon rainfall in the last five ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am Serial blasts shock BangaloreIT firms beef up security measures; normal working at most places. Bangalore, July 25 A series of low-intensity blasts rocked southern and central parts of Bangalore, momentarily stopping the city on its tracks on Friday afternoon. The eight ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am Markets this weekAmid hectic political activity in the Capital, the markets on Monday closed on a cautiously optimistic note ahead of Tuesday's crucial confidence vote. Given the fluid political situation, expectation was that the markets would close in the red. ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am Cost management, price hikes take Hind Unilever net up 13%Mumbai July 25 Despite inflationary pressure, FMCG major Hindustan Unilever Ltd (HUL) registered a 13-per cent growth in its net profit for the quarter ended June 30, 2008, mostly driven by higher volumes in personal care products and ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am Infosys looks for new ways to increase revenue productivityFocus on creating domain-specific solutions. Bangalore, July 25 While negative sentiments in the market keep customers from increasing IT spends, Infosys Technologies Ltd is using newer business models to enhance revenue ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am Sensex trips 500 pointsSharper decline after the blasts. Mumbai, July 25 The stock market which opened weak on Friday was driven to a steeper decline on news of the Bangalore bomb ...Source: Business Line - Home Page | 26 Jul 2008 | 12:00 am White House: progress in Doha talks, issues remainWASHINGTON (Reuters) - The White House said on Friday that "solid progress" was being made in global trade talks, but significant issues remained to be resolved and a few large emerging market economies needed to jump on board.Source: Reuters: Money News | 25 Jul 2008 | 11:28 pm Argentina rejects Lamy proposal on Doha trade talksBUENOS AIRES (Reuters) - Argentina rejected a free-trade proposal by World Trade Organization chief Pascal Lamy on Friday, saying the document was "not acceptable in its current form."Source: Reuters: Money News | 25 Jul 2008 | 11:26 pm Idea-Spice deal not under DoT lens: AgaIdea Cellular, the Aditya Vikram Birla Group telecom player, said the government is not examining its recent deal to buy 40.8% stake in Spice Communications.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 10:50 pm India Inc pushes for reformsWith the PMO in a mood to listen now that the Left is off its back, corporate India has moved quickly to strike while the iron is hotSource: Daily News & Analysis: Money News | 25 Jul 2008 | 10:10 pm Trai issues final cable TV guidelinesThe Telecom Regulatory Authority of India (Trai) on Friday issued the final guidelines for restructuring the cable TV industry.Source: Daily News & Analysis: Money News | 25 Jul 2008 | 9:51 pm DLF buyback unlikely anytime soonDLF Ltd, India's biggest realtor, is expected to go slow on its share buyback plans as it still is awaiting approval from Securities and Exchange Board of India (Sebi).Source: Daily News & Analysis: Money News | 25 Jul 2008 | 9:49 pm Govt to offload 50% in NTPC Bhel PowerThe government is looking at selling half of its holding in NTPC Bhel Power Projects Ltd (NBPPL).Source: Daily News & Analysis: Money News | 25 Jul 2008 | 9:48 pm Bhel charts out major diversificationBharat Heavy Electricals Ltd (Bhel), India's largest power generation equipment maker, is planning a major diversification to expand its revenue baseSource: Daily News & Analysis: Money News | 25 Jul 2008 | 9:47 pm Kingfisher to sell two A340s to other carriersTo defer deliveries of 29 narrow-bodied aircraft.??Weighed down by rising crude prices, Vijay Mallya-promoted Kingfisher Airlines is in negotiations with international carriers to sell two of the fiveSource: Business Standard | Front Page Headlines | 25 Jul 2008 | 6:59 pm We are pro-reform but talk to us first, BJP tells UPAThe Bharatiya Janata Party (BJP) said it is pro-economic reform but wants the government to stoop before it can conquer on securing its support for key legislative changes, chiefly in banking,Source: Business Standard | Front Page Headlines | 25 Jul 2008 | 6:59 pm Tata may race Jaguar back to Le MansMore than a decade after the iconic race car brand Jaguar was forced to pull out from the gruelling 24-hour Le Mans race, the new owner, the Rs 16,400-crore Tata Motors, is considering a plan to putSource: Business Standard | Front Page Headlines | 25 Jul 2008 | 6:58 pm Govt to ease investment norms in higher educationPrivate and foreign corporate investment may soon get to flow into Indian higher education with the government considering a move to reform policy that hinders such financing.??Currently, it is notSource: Business Standard | Front Page Headlines | 25 Jul 2008 | 6:57 pm Food prices under threat as major parts of India suffer deficient rainStorm clouds of a different kind are gathering on the macro-economic horizon and they have nothing to do with surging global crude oil prices. The monsoon has played truant across large parts ofSource: Business Standard | Front Page Headlines | 25 Jul 2008 | 6:56 pm TIML says Bennett, Coleman won't buy Trinity MirrorLONDON (Reuters) - Indian media conglomerate Bennett, Coleman & Co has no interest in buying British newspaper group Trinity Mirror, a spokeswoman for Bennett, Coleman's UK subsidiary TIML said on Friday.Source: Reuters: Money News | 25 Jul 2008 | 6:36 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 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
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