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RPL to start refinery trial runs by SeptReliance Petroleum, or RPL, plans to start trial runs at its refinery by September, reports CNBCTV18, quoting NewsWire18. The company has begun filling oil tanks for refinery trial.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 1:36 pm Lupin buys German co Hormosan PharmaLupin aquires German based Company Hormosan PharmaSource: Moneycontrol Top Headlines | 30 Jul 2008 | 11:44 am Nooyi among business leaders Obama consults!Democratic presidential candidate Barack Obama has met with a bipartisan group of business and economic leaders, including India-born PepsiCo chief Indra Nooyi, and he intends convening the group periodically in the run-up to the November election.Source: Zee News : Business | 30 Jul 2008 | 11:14 am Sensex rise more than 2% at 14,029 pts!The Bombay Stock Exchange benchmark Sensex rose by 292 points in early trade Wednesday on the back of buying by funds in heavy-weight stocks, available at an attractive levels, triggered by firm global markets.Source: Zee News : Business | 30 Jul 2008 | 11:14 am India has power shortage of 73,050 million units!India, Asia`s third largest economy, faced a power deficit of 73,050 million units between April 2007 and March 2008, an internal official audit says.Source: Zee News : Business | 30 Jul 2008 | 11:14 am Marathon world trade talks collapse!Marathon talks on a new global trade pact collapsed on Tuesday as the United States and India refused to compromise over a proposal to help poor farmers deal with floods of imports.Source: Zee News : Business | 30 Jul 2008 | 11:14 am US billion-dollar bankruptcies highest since 2003!Billion-dollar bankruptcies are at their highest in five years only half way through 2008, according to bankruptcy filing tracker BankruptcyData.com.Source: Zee News : Business | 30 Jul 2008 | 11:14 am GMR Infra Q1 PAT up 10% at Rs 42 cr!Realty firm GMR Infrastructure Wednesday announced a 9.71 percent decline in consolidated profit after tax at Rs 41.90 crore for the first quarter ended June 30, over the corresponding period a year ago.Source: Zee News : Business | 30 Jul 2008 | 11:14 am Global economy growing despite sub-prime mortgage crisis: UN!Despite the sub-prime mortgage crisis taking hold in industrialized nations, the overall global economy was still growing in 2007, a new United Nations report says.Source: Zee News : Business | 30 Jul 2008 | 11:14 am Small Govt stakes in PSUs may be sold: Pradip BaijalPradip Baijal, former Secretary of the Department of Divestment, believes strategic disinvestment is more efficient, but it takes much longer. For now one can expect only a small part of government stakes in PSUs being sold. The IPO route for PSU stake sale could have been possible.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 10:58 am Oil above $122, looks to U.S. suppliesLONDON (Reuters) - Oil slipped below $122 a barrel on Wednesday before the release of U.S. government data expected to show rising fuel inventories and weak demand in the world's largest consumer.Source: Reuters: Money News | 30 Jul 2008 | 10:40 am Indian shares provisionally close 3.6 pct upNEW DELHI (Reuters) - Indian shares provisionally closed 3.63 percent higher on Wednesday, led by Reliance Industries and Housing Development Finance Corp.Source: Reuters: Money News | 30 Jul 2008 | 10:30 am Stocks rebound as oil slides; Sensex up 3.85% - Economic Times
Source: Google News India - Business | 30 Jul 2008 | 10:25 am Unitech Q1 net soars 16% at Rs 423 crRealty major Unitech on Wednesday reported a 15.76 per cent jump in its consolidated net profit at Rs 423.31 crore for the first quarter ended June 30.Source: Daily News & Analysis: Money News | 30 Jul 2008 | 10:22 am No immediate plan to ban cotton exports, says Pawar - Hindu
Source: Google News India - Business | 30 Jul 2008 | 10:18 am 'T.Nadu govt will bulldoze obstacles to airport expansion' - Hindu
Source: Google News India - Business | 30 Jul 2008 | 10:18 am Birla Cotsyn closes below issue price - Moneycontrol.com
Source: Google News India - Business | 30 Jul 2008 | 10:11 am UPDATE 1-India's Mahindra Q1 drops, to enter two-wheelers - Reuters India
Source: Google News India - Business | 30 Jul 2008 | 10:08 am Mahindra Q1 drops, to enter two-wheelersMUMBAI (Reuters) - Mahindra & Mahindra Ltd on Wednesday reported an unexpected 16.8 percent fall in quarterly profit after it suffered foreign exchange losses, and signalled its entry into the two-wheeler segment.Source: Reuters: Money News | 30 Jul 2008 | 10:07 am Rich, poor nations trade barbs after WTO talks collapse - Economic Times
Source: Google News India - Business | 30 Jul 2008 | 10:05 am Monsoon revives, promises better summer cropsNEW DELHI (Reuters) - Monsoon rains have revived after a lull, improving prospects for good rice and oilseeds crops, but it is too early to say if rice export curbs will be eased this year, farm minister Sharad Pawar said.Source: Reuters: Money News | 30 Jul 2008 | 9:59 am Reliance refinery test runs by Sept - sourceNEW DELHI (Reuters) - Reliance Industries plans to test-run its huge new refinery by September, a little later than expected, and has started filling its tanks with extra Saudi crude oil, a top company official told Reuters.Source: Reuters: Money News | 30 Jul 2008 | 9:54 am Recriminations fly across Asia as WTO talks failBEIJING (Reuters) - China blamed "selfish" wealthy Western nations on Wednesday for the latest failure to conclude long-running talks to free up global trade, while Asian rival Japan pointed the finger at the region's emerging giants.Source: Reuters: Money News | 30 Jul 2008 | 9:41 am ArcelorMittal's record Q2 profit tops expectationsBRUSSELS (Reuters) - World No. 1 steelmaker ArcelorMittal reported record second-quarter results, far above expectations, on Wednesday as it managed to raise prices and offset raw material costs despite economic gloom.Source: Reuters: Money News | 30 Jul 2008 | 9:37 am Taj Hotels Resorts and Palaces introduces Telepresence services - HospitalityBizIndia
Source: Google News India - Business | 30 Jul 2008 | 9:36 am India gold softens attracting buyersMUMBAI (Reuters) - India's gold prices softened on Wednesday tracking foreign gold that hovered near its lowest level in three weeks, drawing buyers preparing for the upcoming busy season, dealers said.Source: Reuters: Money News | 30 Jul 2008 | 9:09 am GLOBAL MARKETS - Shares rise on oil fall, U.S. glimmers of hopeLONDON (Reuters) - World stocks rose on Wednesday as worries about oil receded, U.S. consumer confidence stabilised and corporate earnings bolstered investor sentiment.Source: Reuters: Money News | 30 Jul 2008 | 9:04 am Essar Oil to go ahead with Vadinar capacity expansionEssar Oil may achieve the financial closure of its proposed capacity augmentation project at Vadinar refinery in the next two weeks.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:57 am Chennai airport upgrade project gets approvalThe Chennai airports modernisation programme on Tuesday received clearance from the Public Investment Board (PIB) and work on the project is slated to commence by September.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:55 am Coal India may invite bids for reopening 18 minesCoal India may seek expression of interest (EoI) from interested parties on reopening 18 closed or abandoned underground mines through joint venture route, in a weeks time.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:53 am Govt may stop steel cos from price hike in Aug: SrcsThe steel ministry may be forced to take steps to stop companies from hiking steel prices in August. The ministry may bring back duty on some steel products if steel companies increase prices in August. It said that keeping inflation at lower levels is their top priority.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:51 am LT, Punj Lloyd join team for $200b Al Noor projectTwo Indian firms, LT and Punj Lloyd, figure in the list of several international companies that have teamed up to implement the multibillion dollar construction project to be complete with two new modern cities, one each near Djibouti and the other at Yemen, and a massive railroadpipeline network across the Red Sea, connecting the two cities.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:50 am Mahindra & Mahindra forms JV with Kinetic Motors - Economic Times
Source: Google News India - Business | 30 Jul 2008 | 8:48 am HUL appoints ombudsman for consumer disputes redressalHindustan Unilever Ltd has appointed Mr Justice M.S. Rane (Retd) as the ombudsman for consumer disputes redressal. This is the first time an FMCG company has appointed an independent and expert mediation procedure for the benefit of its consumers.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:39 am Wage hike in tech sector likely to moderateWage hike in the technology sector this year is in for moderation as it is adopting a cautious approach to new recruitments, according to Mr Pratik Kumar, VicePresident and Head of Human Resources at Wipro.Source: Moneycontrol Top Headlines | 30 Jul 2008 | 8:32 am POLL - Annual inflation seen at 12.03 pct on July 19MUMBAI (Reuters) - Annual inflation rate is expected to have risen to 12 percent in mid July, driven by higher costs of commodities and strong demand in the economy, a Reuters poll of 12 economists showed.Source: Reuters: Money News | 30 Jul 2008 | 8:17 am No plans to close Taro\'s facilities after acquisition: Sun Pharma - Business Standard
Source: Google News India - Business | 30 Jul 2008 | 8:11 am Environment healthy; start building portfolio - Moneycontrol.com
Source: Google News India - Business | 30 Jul 2008 | 7:45 am Equity markets open strong with early gainsIndian equity markets opened strong Wednesday on overnight news about a fall in crude oil prices and despite a slight initial slide remained buoyant in early trade.Source: IndiaeNews.com: Business News | 30 Jul 2008 | 7:33 am Now, take a shower at 43,000 feetFirst-class passengers in Emirates airline's new Airbus A380 superjumbos will be able to take a shower at 43,000 feet.Source: Daily News & Analysis: Money News | 30 Jul 2008 | 7:29 am Hit by terror, economics keeps Ahmedabad's diamond market goingTwo bombs struck the only diamond market of this city that fateful Saturday evening, killing two people. It was back to business the next morning in Bapunagar, the hub of diamond cutting and polishing business in the eastern part of Ahmedabad.Source: IndiaeNews.com: Business News | 30 Jul 2008 | 5:03 am India has power shortage of 73,050 million unitsIndia, Asia's third largest economy, faced a power deficit of 73,050 million units between April 2007 and March 2008, an internal official audit says.Source: IndiaeNews.com: Business News | 30 Jul 2008 | 5:00 am Tripura to produce high quality rubber wood productsIndia's second biggest rubber wood factory set up in Tripura with technological support from China, Germany and Taiwan, would help in boosting rubber wood based products, officials said.Source: IndiaeNews.com: Business News | 30 Jul 2008 | 5:00 am Organised retail grows in HUL’s sales portfolioEmerges as a key distribution channel. Mumbai, July 29 By targeting modern trade as a significant channel of distribution, HUL claims that today seven per cent of its turnover comes from this channel. While the urban general trade accounts for ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am RBI applies the squeezeRepo rate, CRR hiked; economy to slow down to 8%. Mumbai, July 29 The Reserve Bank of India on Tuesday bared its resolve to take the ‘inflation bull’ by the horns — even if this meant an additional burden on corporate and ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am IDFC (Rs 88.80): SellWe recommend a ‘sell’ in Infrastructure Development Finance Company (IDFC) from a short-term perspective. It is evident from the charts of IDFC that the stock has been on an intermediate-term downtrend from its January 2008 peak of Rs ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Corporates brace up for higher borrowing costsMumbai, July 29 Corporates are bracing themselves for tough days ahead, with the Reserve Bank of India’s ‘anti-inflation’ credit policy signalling higher borrowing costs for India Inc. ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Day Trading GuideOn Tuesday, the stock plunged 8 per cent on heavy volume. Fresh short-position can be initiated if the stock declines below Rs 592 with stiff stop-loss. ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Banks relying on wholesale, short-term funds to take a hit‘Those with higher CASA ratios relatively better placed’. Mumbai, July 29 Banking stocks plunged on Tuesday as the RBI credit policy took the market completely by surprise with its higher-than-expected increase in the repo ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Bad news for stocks, cheer for debt investorsWith yet another round of policy rate hikes and talk of ‘aggregate demand pressures’, the RBI’s latest policy review signals that the central bank is willing to pull out all stops to battle inflation, even if this means ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Rate hike: Banks’ bond portfolios may see lossIncrease in PLR likely to slow advances growth. The latest round of rate increases by the RBI (repo rate by 50 basis points and cash reserve ratio by 25 basis points), are set to take both the rates to 9 per cent. ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am RBI moves to help contain inflation: GovtNew Delhi, July 29 The Finance Ministry on Tuesday said that banks could ensure availability of adequate credit to productive sectors if requests for loans were carefully appraised and credit was allocated ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Market tanks on rate hike blowMumbai, July 29 The RBI’s higher-than-expected repo rate and CRR hikes came as a total surprise to investors, triggering a 500-plus point fall in the Sensex on Tuesday. ...Source: Business Line - Home Page | 30 Jul 2008 | 12:00 am Short end of the curve comes under pressureThe bond market was widely expecting a 25bps hike in repo rate and was divided on a 25bps hike in the cash reserve ratio.Source: Daily News & Analysis: Money News | 29 Jul 2008 | 10:48 pm Derating demons return to StreetThe party over UPA's trust vote victory in Parliament lifted the Sensex by 2500 points in 5 days. Half of that has vapourised in just 3 days. Talk of hangovers!Source: Daily News & Analysis: Money News | 29 Jul 2008 | 10:45 pm Reddy junks growth to beat inflationReserve Bank of India (RBI) governor Yaga Venugopal Reddy, in what's perhaps his last monetary policy announcement before retirement, surprised corporateSource: Daily News & Analysis: Money News | 29 Jul 2008 | 10:41 pm Jet net flies on change in depreciation arithmeticA change in the method of calculating depreciation has allowed Jet Airways to show a profit of around Rs 143.38 crore for the first quarter ended June 30, 2009.Source: Daily News & Analysis: Money News | 29 Jul 2008 | 9:46 pm Hikes will play out well in long runThe decision to hike the credit reserve ratio (CRR) by 25 basis points (bps) and repo rate by 50bps highlights the same.Source: Daily News & Analysis: Money News | 29 Jul 2008 | 9:39 pm 'Repo, CRR hikes should have a sobering effect on demand'On Tuesday, Reserve Bank of India governor Yaga Venugopal Reddy released the quarterly monetary policy review.Source: Daily News & Analysis: Money News | 29 Jul 2008 | 9:37 pm Sun Pharma still keen on Taro takeoverSun Pharmaceutical Industries is still keen on acquiring Israel's Taro Pharmaceuticals but the legal tussle between the two could delay the processSource: Daily News & Analysis: Money News | 29 Jul 2008 | 9:35 pm Ranbaxy's net down 91%Indian pharma giant Ranbaxy Laboratories Ltd's net profit for the quarter ended June 30 fell more than 91% year-on-year to Rs 22.9 croreSource: Daily News & Analysis: Money News | 29 Jul 2008 | 9:34 pm Moser Baer seeks to vacate stay against using movie productsEntertainment major Moser Baer has sought to vacate a Madras High Court stay issued against the company from using 12 movie products, sources told IANS Tuesday.Source: IndiaeNews.com: Business News | 29 Jul 2008 | 8:31 pm Manorama Devi Birla deadLeading industrialist K.K. Birla's wife Manorama Devi Birla died here Tuesday evening, family sources said. She was 81.Source: IndiaeNews.com: Business News | 29 Jul 2008 | 8:30 pm Safeguards deal rift jeopardises Doha trade talksThe battle to conclude negotiations for Doha in agriculture and market-opening for industrial products broke down due to unbridgeable differences between India and the United States over the triggerSource: Business Standard | Front Page Headlines | 29 Jul 2008 | 6:48 pm Inflation vaccine from Dr ReddyInterest rates may increase 50 basis points, hit corporate expansion and retail loans.??The Reserve Bank of India (RBI) today announced fresh monetary tightening measures that are set to raiseSource: Business Standard | Front Page Headlines | 29 Jul 2008 | 6:44 pm Nooyi is top earning woman CEO: ForbesIndia-born PepsiCo chief Indra Nooyi has topped the list of the highest paid female chief executives, who have collectively defied the trend of falling CEO pay at the 500 largest US firms.Source: IndiaeNews.com: Business News | 29 Jul 2008 | 4:01 pm Cairn India posts Rs.1.38 bn profitEnergy firm Cairn India Ltd has posted a consolidated profit after tax of Rs.1.38 billion ($32.8 million) during the second quarter of 2008 compared to a loss of Rs.714 million over the same period last year.Source: IndiaeNews.com: Business News | 29 Jul 2008 | 4:00 pm Kerala introduces new tourism initiativesKerala is introducing 'path-breaking' initiatives to further boost the tourism industry, which contributed over Rs.110 billion ($2.62 billion) to the state's gross domestic product (GDP) last year.Source: IndiaeNews.com: Business News | 29 Jul 2008 | 4:00 pm Realtors fear further slowdown following rate hikesIndian realty companies have sharply criticised the central bank's move to increase repo rate and cash reserve ratio (CRR), saying this would further burden the real estate sector that is already reeling under a cash crunch and slackening demand.Source: IndiaeNews.com: Business News | 29 Jul 2008 | 3:33 pm
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