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Hearing on RILRNRL case postponed to Aug 5The Bombay High Court has once again postponed hearing on the Reliance IndustriesReliance Natural Resources case till Tuesday, August 5.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 3:30 pm Sintex to finalize Geiger Technik asset acquisition by DecSintex has acquired Geiger Technik, a German company for 35.6 million euro. Sunil Kanojia, Group President of Sintex said that Geiger Technik is a very unique company and fits into their overall strategy of going for the larger acquisition later. The company hopes to complete the acquisition by December, he said.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 2:25 pm India not to give concessions on textiles, auto at WTOIndustry and Commerce Minister Kamal Nath today announced that India will not give concessions on textiles and automobiles at World Trade Organisation or WTO, reports CNBCTV18. India wants WTO safeguards to protect farmers. Failure of talks at WTO hs been a setback for developing nations, he said.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 12:07 pm Daiichi Sankyo`s open offer for Ranbaxy delayed!Japanese drug maker Daiichi Sankyo Co is yet to receive Indian regulatory approval for an open offer for Ranbaxy Laboratories, and so will not launch it on Aug. 8 as previously planned, the offer`s manager said on Thursday.Source: Zee News : Business | 31 Jul 2008 | 11:52 am GM to cut 5,000 white collar jobs: Report!General Motors Corp said it will cut 5,000 North American white-collar jobs, by Nov 1, the Wall Street Journal reported on Thursday.Source: Zee News : Business | 31 Jul 2008 | 11:52 am Chrysler in talks with Tata, Fiat!Chrysler is in talks to lease US production capacity and share retail distribution with Fiat SpA, allowing the Italian automaker to return the US market for the first time in 25 years, people briefed on the talks said on Wednesday.Source: Zee News : Business | 31 Jul 2008 | 11:52 am Iran announces three main oil discoveries!In the course of this month, the Iranian Minister of Petroleum Gholamhossein Nozari announced three significant oil discoveries in the south-west of the country.Source: Zee News : Business | 31 Jul 2008 | 11:52 am SBI unions to meet over merger with SBS !State Bank of India employees will meet on Thursday to discuss to the Cabinet`s clearance to the amalgamation proposal of State Bank of Saurashtra and State Bank of India.Source: Zee News : Business | 31 Jul 2008 | 11:52 am Now, Dell`s readying an iPod rival!In recent months, personal computer maker Dell, has been testing a digital music player that could go on sale as early as September, the Wall Street Journal newspaper said, citing several Dell officials. Dell`s new foray would put it into an Apple-led market that has defied assaults.Source: Zee News : Business | 31 Jul 2008 | 11:52 am Commonwealth recommends steps to break WTO deadlock!The head of the Commonwealth harnessed his considerable experience in multilateral negotiations to recommend a series of steps that he said rich countries should take following the collapse of the Doha Round of world trade talks in Geneva.Source: Zee News : Business | 31 Jul 2008 | 11:52 am Chile, Spain sign wind energy pact!Chile and Spain will spend more than USD 1 billion to set up Latin America`s largest wind farm in this Andean nation, a news agency reported on Thursday.Source: Zee News : Business | 31 Jul 2008 | 11:52 am Infosys Tech launches shoppingTrip360Infosys Technologies Limited on Thursday launched shoppingTrip360 to help retailers and consumer packaged goods (CPG)Companies 'achieve visibility' into in-store activity.Source: Daily News & Analysis: Money News | 31 Jul 2008 | 11:16 am Mkts end flat on July futures series expiry day - Moneycontrol.com
Source: Google News India - Business | 31 Jul 2008 | 10:59 am Triveni Engg sees engineering revs rising 25 pct - Reuters India
Source: Google News India - Business | 31 Jul 2008 | 10:50 am Arvind Q1 net down on high power, cotton costsMUMBAI (Reuters) - Denim and apparel maker Arvind Ltd reported a 33 percent fall in April-June net profit despite higher sales, hurt by rising input costs.Source: Reuters: Money News | 31 Jul 2008 | 10:45 am Indian inflation below 12 pct in Jul 19 week - paperMUMBAI (Reuters) - The annual rate of inflation in India is "seen a couple of notches below 12 percent" for the week ended July 19, compared to 11.89 percent in the previous week, the Business Standard newspaper reported on its web site without citing any sources.Source: Reuters: Money News | 31 Jul 2008 | 10:43 am Triveni Engg sees engineering revs rising 25 pctNEW DELHI (Reuters) - Triveni Engineering & Industries sees revenue at its engineering business growing 25 percent consistently for the next several quarters, driven by robust demand, a senior official said on Thursday.Source: Reuters: Money News | 31 Jul 2008 | 10:40 am Reliance Comm Q1 net up 24 pct, near f'castNEW DELHI (Reuters) - Reliance Communications, India's No. 2 mobile operator, on Thursday reported a 23.8 percent rise in quarterly profit, almost in line with expectations, on higher subscriber additions in the world's fastest-growing wireless market.Source: Reuters: Money News | 31 Jul 2008 | 10:39 am Rush for tax returns thins as e-filing gets popularWith barely hours left to beat the July 31 deadline to file income tax returns, thousands of assessees and consultants queued up at the special collection centre in the capital Thursday, but not in the numbers seen in the past years, thanks to the provision of e-filing.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 10:32 am Central Bank net profit down to Rs.593.20 millionThe state-owned Central Bank of India announced a net profit of Rs.593.20 million during the first quarter of the current fiscal against Rs.983.50 million for the corresponding period last year.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 10:30 am Insurance schemes for women, rural poor get Rs.15 bnThe government Thursday released Rs.15 billion for augmenting two schemes of the Life Insurance Corporation (LIC) targeted at women and rural landless households.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 10:30 am Yes Bank hikes PLR by 50 bps to 17 percentPrivate lender Yes Bank has increased its prime lending rate (PLR) by 50 basis points (bps) to 17 percent effective Friday, a company statement Thursday said.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 10:30 am Teamlease releases survey on workplace ethics - domain-B
Source: Google News India - Business | 31 Jul 2008 | 10:22 am UPDATE 1-India hopes WTO talks will resume, but is unwaivering - Reuters India
Source: Google News India - Business | 31 Jul 2008 | 10:15 am UPDATE 1-Yes Bank Q1 net up 51 pct, raises PLR - Reuters India
Source: Google News India - Business | 31 Jul 2008 | 10:15 am India hopes WTO talks will resume, but is unwaiveringNEW DELHI (Reuters) - India said on Thursday it was hopeful world trade talks would resume after discussions collapsed this week, but one official said it could be the middle of next year before that happened.Source: Reuters: Money News | 31 Jul 2008 | 10:13 am Yes Bank Q1 net up 51 pct, raises PLRMUMBAI (Reuters) - Private sector lender Yes Bank said first-quarter profit rose 51 percent on higher loan growth and better margins, and raised its prime lending rate (PLR) by 50 basis points to protect margins, a top official said.Source: Reuters: Money News | 31 Jul 2008 | 10:12 am India shares provisionally end 0.3 pct higherBANGALORE (Reuters) - Indian shares provisionally ended up 0.33 percent on Thursday, after having flipped between gains and losses through the day, with index heavyweight Reliance Industries Ltd leading the gains.Source: Reuters: Money News | 31 Jul 2008 | 10:10 am Rush for tax returns thins as e-filing gets popular - Economic Times
Source: Google News India - Business | 31 Jul 2008 | 10:09 am Rupee at day's lows, oil a worryMUMBAI (Reuters) - The rupee was trading at the day's lows on Thursday as a rebound in oil prices renewed concerns of a widening trade deficit and refiners stepped up purchases to meet their month-end commitments.Source: Reuters: Money News | 31 Jul 2008 | 10:08 am A service to view British streets onlineGoogle has cleared the hurdle of an anti-privacy case to go ahead with the launch this year of its Street View service offering ground level pictures of every British street online.Source: Daily News & Analysis: Money News | 31 Jul 2008 | 10:02 am GE Energy bags $500 mn deal in UAEGE Energy has won a $500-million contract to supply equipment to power the world's largest single site aluminium processing complex near this city - the capital of the UAE.Source: Daily News & Analysis: Money News | 31 Jul 2008 | 10:00 am Sintex to finalize Geiger Technik asset acquisition by Dec - Moneycontrol.com
Source: Google News India - Business | 31 Jul 2008 | 9:57 am Berger Paints to hike prices - Sify
Source: Google News India - Business | 31 Jul 2008 | 9:53 am Tata sees no prospect for Bangladesh projectsMUMBAI (Reuters) - Tata Group said on Thursday it saw no prospect of taking forward proposed investments of $3 billion in fertiliser, steel, power and infrastructure projects in Bangladesh.Source: Reuters: Money News | 31 Jul 2008 | 9:50 am TEXT-Moody's release on Indian Oil Corp Ltd - Reuters India
Source: Google News India - Business | 31 Jul 2008 | 9:49 am SEBI Finalizes Rules For Easier IPO Investment - TopNews
Source: Google News India - Business | 31 Jul 2008 | 9:39 am Govt at work: IT dept grapples with backlogAs the deadline for filing income tax returns for the last financial year approaches, the tax department is still grappling with the backlog of the previous year. In a special series called \'Government at Work in the Finance Ministry\', CNBCTV18 takes a look at modernisation of the direct taxes department under FM P Chidambaram.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 9:37 am Darsheel to endorse Spykar's kid's rangeDarsheel Safary, who struck a chord with audiences with his performance and toothy smile in 'Taare Zameen Par', has been signed as the brand ambassador of kids wear Spykar's OYO.Source: Daily News & Analysis: Money News | 31 Jul 2008 | 9:35 am Lupin receives US approval for another drugDrug major Lupin Ltd announced Thursday that its US subsidiary, Lupin Pharmaceuticals Inc (LPI) has received final approval for the company's Abbreviated New Drug Application (ANDA) for divalproex sodium delayed-release tablets from the US Food and Drug Administration (FDA).Source: IndiaeNews.com: Business News | 31 Jul 2008 | 9:26 am India not to ease foreign stake norms in retailIndia has no plan to ease the norms for foreign equity in the burgeoning retail trade industry, Commerce Minister Kamal Nath said Thursday.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 9:23 am Equity markets stay in the red early afternoonIndian equity markets extended their losses by early afternoon Thursday. Banking, FMCG and auto stocks were under selling pressure though there was buying interest in metal stocks.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 9:05 am Arvind Mills net profit declines 35 percentTextile manufacturer Arvind Mills Ltd announced a net profit of Rs.40 million during the first quarter this fiscal year, compared to Rs.60 million in the same period the previous year, a decline of 35 percent.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 9:04 am Tata Steel looking to unlock value?Tata Steel\'s has plans to unlock value in the business and reduce its debt costs followings its acquisition of Corus and NatSteel. CNBCTV18 has learnt from sources that Tata Steel is consolidating its overseas debt into a separate subsidiary and is planning to do a private placement worth up to USD 2 billion.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 8:52 am Daiichi yet to recieve SEBI approval for Ranbaxy open offerDaiichi Sankyo said that it is yet to receive SEBI approval for the Ranbaxy open offer. It said that it would announce the revised schedule for the open offer after SEBIs approval.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 8:51 am Infotech scouting for buys; tierIII cities in growth planInfotech Enterprises Ltd, setting up a branch at Rushikonda here, is looking for acquisitions, as it has enough cash on hand, according to Mr B.V.R Mohan Reddy, Chairman and Managing Director.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 8:51 am McLeod hopes to become debtfree soonMcLeod Russel India Ltd hopes to become a debtfree company within the next two years, according to Mr Aditya Khaitan, Managing Director of the company.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 8:50 am Tatas fed up with Singur protestsThe Tatas have had it with Singur. Ravi Kant, MD, Tata Motors said they are running out of patience and the company is actively looking at other plants to produce the Nano, reports CNBCTV18.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 8:50 am Jyothy Laboratories enters laundry services bizJyothy Laboratories is making a foray into laundry services with an initial investment of Rs 40 crore. A new subsidiary company, Jyothy Fabricare Services (JFSL), has been floated to create a fabric care retail brand under the name of Fabric Spa.Source: Moneycontrol Top Headlines | 31 Jul 2008 | 8:48 am India fund firms face post-boom profit crunchMUMBAI/HONG KONG (Reuters) - India's fund management industry, in boom mode for the better part of the decade, is facing a major slump in profitability as investment flows shrink, competition mounts and operating costs stay stubbornly high.Source: Reuters: Money News | 31 Jul 2008 | 5:48 am Equity markets in the red in early tradeIndian equity markets, which opened marginally higher Thursday, slipped into the red within the first ten minutes. There was selling pressure on banking, FMCG and technology stocks.Source: IndiaeNews.com: Business News | 31 Jul 2008 | 5:39 am M&M could rope in more allies for 2-wheeler forayMahindra & Mahindra, which acquired the two-wheeler business of Kinetic Motors on Wednesday, could still go in for another "strategic alliance" for motorcyclesSource: Daily News & Analysis: Money News | 30 Jul 2008 | 10:16 pm Lupin buys German co in new trend of going for DavidsHormosan specializes in the supply of pharmaceutical products for the central nervous system (CNS).Source: Daily News & Analysis: Money News | 30 Jul 2008 | 10:15 pm 'India is a long way from the market bottom'HSBC pan-Asia equity strategist Garry Evans says a market rally isn't likely until after the next elections.Source: Daily News & Analysis: Money News | 30 Jul 2008 | 10:14 pm Another blow for corp bond martReserve Bank of India's sharp interest rate hikes on Tuesday will not only impact many banks' lending plan, it is also likely to put off companies and investorsSource: Daily News & Analysis: Money News | 30 Jul 2008 | 10:13 pm The morning after, 3 banks up BPLRThree banks on Wednesday hiked their prime lending rate in response to RBI's 50 basis-point hike in the repo rate and 25 basis-point hike in the cash reserve ratioSource: Daily News & Analysis: Money News | 30 Jul 2008 | 10:12 pm Input costs dent Tata Motors netTata Motors, India's largest auto company, reported a drop of 30% in its April-June net profit to Rs 326 crore from Rs 466.7 crore in the same period last fiscalSource: Daily News & Analysis: Money News | 30 Jul 2008 | 10:11 pm Dhoot offers to buy out Nahata stake in Datacom SolutionsThe Dhoots of the Videocon group have offered to buy Mahendra Nahatas 36 per cent stake in all-India mobile licence holder Datacom Solutions.??The move comes after Nahata had threatened to goSource: Business Standard | Front Page Headlines | 30 Jul 2008 | 7:08 pm India Inc`s cash position comfortable, but future tenseThe high interest rate regime is unlikely to hit larger companies' ongoing projects, at least for now. That's because companies are sitting on a pile of cash generated through bumper profits in theSource: Business Standard | Front Page Headlines | 30 Jul 2008 | 7:06 pm M rides into 2-wheeler marketKinetic Motor's assets bought for Rs 110 crore.??Mahindra & Mahindra (M&M), Indias largest tractor and utility vehicle maker, on Tuesday said it would buy the business assets ofSource: Business Standard | Front Page Headlines | 30 Jul 2008 | 7:03 pm Tata Communications records Rs.983 mn net profitTata Communications Ltd, part of the $55 billion Tata group, Wednesday announced a net profit of Rs.983 million ($23.4 million) for the first quarter of 2008-09 against Rs.1.29 billion of the year-ago period.Source: IndiaeNews.com: Business News | 30 Jul 2008 | 5:03 pm
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