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Is Deepak Parekh looking to retire as Chairman of HDFC?Is Deepak Parekh looking to retire as Chairman of HDFC? This is a bit speculative and we are drawing this inference based on two facts. There is some factual ground to this story, the first being that his current term does officially come to an end in February 2009.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 3:00 pm Trinamool-led farmers block trains in West BengalThe New Delhi-Howrah Rajdhani Express and other trains were detained as farmers led by the Trinamool Congress set up a rail blockade Saturday demanding the West Bengal government and Tata Motors return the 400 acres acquired in Singur for the Nano small car project.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 3:00 pm Nano in a tailspin? - Merinews
Source: Google News India - Business | 2 Aug 2008 | 2:30 pm India Inc, VCs cash in on alternate energy bizCrude volatility seems to be here to stay. The fact that oil is a finite resource is becoming more and more evident. India is tapping into a billion dollar business opportunity to make alternate energy and venture capitalists are joining the rush too.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 2:16 pm AI defers decision to withdraw agency commission - Hindu Business Line
Source: Google News India - Business | 2 Aug 2008 | 1:37 pm Petrol pumps in Kerala to cut working hoursPetrol pump owners in Kerala have decided to limit their services from 6 a.m. to 8 p.m. from Aug 18. The decision by the All-Kerala Federation of Petroleum Dealers is said to be taken to cut operational expenses.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 1:31 pm MA activity losing steam in India: StudyThe mergers and acquisitions (MA) activity by India Inc seems to be running out of steam. According to a study, MA deals have declined by nearly 60% in the first half of 2008 compared to the same period last year. Experts say if global financial conditions continue to remain under pressure, MA activity will take a back seat.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 1:23 pm 5 to 10 3G operators in a circle. But the spectrum? - Sify
Source: Google News India - Business | 2 Aug 2008 | 12:55 pm Yahoo annual meet: Board wins shareholders` endorsement!Yahoo Inc`s board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry Yang, the company`s embattled CEO, receiving 85 percent of the vote in his favour.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm Brazil strikes large poultry deal with India!Brazil announced on Friday a deal to export unprocessed poultry to India, potentially reaching 300,000 tonnes in the first year, the Brazilian Association of Chicken Producers and Exporters (ABEF) said.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm Citigroup to be charged by Cuomo!New York Attorney General Andrew Cuomo plans to imminently charge Citigroup Inc, accusing it of fraudulently marketing and selling auction-rate securities, and destroying documents that had been subpoenaed.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm GM posts $15.5 bn loss!General Motors Corp reported a USD 15.5 billion quarterly loss on Friday as North American sales dropped by 20 percent and resale prices for SUVs coming off lease plunged.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm Failure of WTO talks threaten anti-poverty goals: UN!Describing collapse of the WTO talks in Geneva as a setback to multilateral trading system, a top UN official has warned that global anti-poverty goals are threatened by the failure of the negotiations and sought their revival.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm RBI concerned over rising credit card defaults!Increasing credit card defaults in the domestic banking system are a matter of concern, prompting many lenders to seriously look at the issue, a top Reserve Bank official said.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm Airbus A380 makes debut in US!Airbus`s A380 superjumbo touched down at New York`s John F Kennedy International Airport on Friday, marking the first commercial arrival of the giant, double-decker passenger plane on US soil.Source: Zee News : Business | 2 Aug 2008 | 12:52 pm Honda Motorcycle to launch Rs.1 mn bikeHonda Motorcycle and Scooter India Pvt Ltd is planning to launch by the end of this year an ultra premium 1,000cc bike that will be priced at over Rs.1 million. The company will also launch a premium 100cc bike and high-powered scooters, said a top official.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 12:30 pm Honda to export vehicles to Sri LankaHonda Motorcycle and Scooter India Pvt Ltd (HMSI) - a subsidiary of Honda Motor Company Ltd, Japan is all set to start exporting its vehicles to Sri Lanka.Source: Daily News & Analysis: Money News | 2 Aug 2008 | 12:26 pm Jet's Dubai launch from August 23Naresh-Goyal owned private air carrier, Jet Airways, is all set to launch its Dubai operation from August 23.Source: Daily News & Analysis: Money News | 2 Aug 2008 | 12:11 pm Bihar to launch scheme for mother and children - Zee News
Source: Google News India - Business | 2 Aug 2008 | 11:53 am West Bengal to focus on Sunderbans to promote tourismThe West Bengal government will focus on the Sunderbans this year to promote tourism in the state, Tourism Minister Manab Mukherjee said here Saturday.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 11:26 am Daiichi says schedule for open offer for Ranbaxy may changeJapanese drug maker Daiichi Sankyo Saturday said the schedule of its open offer to acquire 92.5 million shares of Rs.5 each of Ranbaxy Laboratories, representing 20 percent of its paid-up capital, might change.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 11:25 am Daiichi says terms of open offer for Ranbaxy may changeDaiichi Sankyo said its open offer to acquire 92.5 million shares of Rs 5 each of Ranbaxy Laboratories, representing 20 percent of its paid-up capital, might under go a change.Source: Daily News & Analysis: Money News | 2 Aug 2008 | 11:11 am Adlabs Films posts 217% revenue growthAdlabs Films Ltd has announced a 217 percent growth in its consolidated revenue to Rs 2.54 billion in the first quarter of the current fiscal ending June this year.Source: Daily News & Analysis: Money News | 2 Aug 2008 | 11:05 am Starting soon - Chhattisgarh-Bihar bus servicesChhattisgarh and Bihar have agreed to start bus services between key towns and cities soon, a move that will bring much cheer to thousands of people who currently have to take a train to travel between the two states, officials said Saturday.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 10:33 am Nomura to invest $16 mn in Chennai's Real ImageHong Kong-based Nomura Investment Bank will invest $16 million in the Chennai-based Real Image Media Technologies Pvt Ltd, the latter said here in a statement.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 10:32 am Rice at two rupee per kg for the poor in OrissaThe Orissa government Saturday launched a food scheme for poor in the state who will get rice at a subsidised price of two rupees per kilogram.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 10:31 am Tata pullout won't affect foreign investments, minister hopes - Economic Times
Source: Google News India - Business | 2 Aug 2008 | 10:31 am Chandigarh gearing up for eRevolution 2008Leading young entrepreneurs and businessmen of the country will converge in Chandigarh Aug 7-8 to participate in the two-day mega IT event, eRevolution 2008.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 10:30 am Iran says OPEC may discuss "observance of quotas"TEHRAN (Reuters) - Iran's oil minister warned on Saturday that OPEC members which have raised output "must bring it under control" if oil prices fall further, an official news agency reported.Source: Reuters: Money News | 2 Aug 2008 | 10:10 am India's Exports Register 23.5% Growth In June - TopNews
Source: Google News India - Business | 2 Aug 2008 | 10:09 am Daiichi says terms of open offer for Ranbaxy may changeJapanese drug maker Daiichi Sankyo Saturday said its open offer to acquire 92.5 million shares of Rs.5 each of Ranbaxy Laboratories, representing 20 percent of its paid-up capital, might under go a change.Source: IndiaeNews.com: Business News | 2 Aug 2008 | 9:33 am Weekly Wrap: Sensex extends winning streak - Sify
Source: Google News India - Business | 2 Aug 2008 | 9:18 am Electromech to set up facility at SriperumbudurThe Punebased Electromech Material Handling Systems (India) Pvt Ltd plans to set up its second facility in Sriperumbudur with an annual capacity of 200 cranes.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 8:55 am Allsec to buy i2i centreAllsec Technologies Ltd is to acquire the call centre business of Delhibased i2i Telesource Pvt Ltd for an undisclosed amount.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 8:46 am Daiichi says terms of open offer for Ranbaxy may change - Economic Times
Source: Google News India - Business | 2 Aug 2008 | 8:44 am GM puts off Hummer, Cadillac launch plansGeneral Motors plans to stave off the domestic launch of its global sports utility vehicle brands Cadillac and Hummer for this year.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 8:39 am Tata Steel sets up holding co for overseas assetsAll international assets of Tata Steel including Corus have been brought under a global holding company, Tata Steel Global, Mr Koushik Chatterjee, Group Chief Financial Officer, said today.Source: Moneycontrol Top Headlines | 2 Aug 2008 | 8:32 am Ambuja Cements July shipments down 1 pct y/yMUMBAI (Reuters) - Ambuja Cements Ltd, India's third-largest cement maker, said its shipments in July fell 1 percent to 1.38 million tonnes from 1.39 million tonnes a year earlier.Source: Reuters: Money News | 2 Aug 2008 | 4:38 am Is the repo rate hike too harsh? - Economic Times
Source: Google News India - Business | 2 Aug 2008 | 12:40 am WTO talks won't hit Indo-US trade ties: Kamal Nath - Economic Times
Source: Google News India - Business | 2 Aug 2008 | 12:04 am Markets this weekAfter the dust has settled over the political turmoil, it's now serial blasts. It seems there is no dearth of negatives for Indian markets these days. And yet, the indices showed its resilience ahead of RBI's first quarter credit ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Mobile number portability gets nodFacility to be rolled out in 8-12 months. New Delhi, Aug 1 Mobile subscribers will soon be able to change their operator without changing their phone number. Despite opposition from operators, the Minister of Communication, Mr A. Raja, has ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am GM puts off Hummer, Cadillac launch plansTo double compact car Spark production. New Delhi, Aug. 1 General Motors plans to stave off the domestic launch of its global sports utility vehicle brands — Cadillac and Hummer — for this year. ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Interest subsidy on export credit to goMumbai, Aug 1 The Reserve Bank of India has decided to discontinue the interest subsidy on rupee export credit from September 30, ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am RCom slumps as Q1 nos fail to meet expectationsNo clarity on benefits from 3G spectrum allotment. Mumbai, Aug. 1 Unaccounted forex losses, lower average revenue per unit (ARPU) reported for the first quarter of the current financial year, net profit that was below expectations and lack of ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Kharif sowing lags despite monsoon revivalArea under cereals, pulses, cotton, sugarcane down. New Delhi, Aug 1 The monsoon’s revival since the last week is yet to reflect itself in official kharif sowing ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Tata Capital to enter home loans businessNew Delhi, Aug 1 Tata Capital Limited, a wholly-owned subsidiary of Tata Sons Limited, plans to enter the booming home loan market by March 2009, its Managing Director and CEO, Mr Praveen P Kadle, has said. ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am ‘Banks to see moderate credit growth’Fee-based income will gain importance. Mumbai, Aug. 1 The banking industry will see a moderate growth in credit this fiscal, following the hike in interest rates by the Reserve Bank of India, said Mr T.S. Narayanasami, Chairman and Managing ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Get set for high-speed wireless connectivity3G auction process may fetch Govt Rs 30,000 cr. New Delhi, Aug 1 Paving the way for high speed mobile connectivity in the country, the Communications and IT Minister, Mr A. Raja, on Friday said that the auction for third generation mobile ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Toyota’s small car may be high speed, not low costNew Delhi, Aug. 1 Toyota Motor Corporation’s compact car for India may be a high speed one but not low cost. ...Source: Business Line - Home Page | 2 Aug 2008 | 12:00 am Brazil strikes large poultry deal with IndiaSAO PAULO (Reuters) - Brazil announced on Friday a deal to export unprocessed poultry to India, potentially reaching 300,000 tonnes in the first year, the Brazilian Association of Chicken Producers and Exporters (ABEF) said.Source: Reuters: Money News | 1 Aug 2008 | 11:12 pm What's 3G all about?: 3G is short for third-generation mobile telephony services.The technology is based on an International Telecommunication Union standard called IMT-2000.Source: Daily News & Analysis: Money News | 1 Aug 2008 | 10:15 pm Revealing the dirty secret behind the low 'China Price'From pitchkaris and colours used to play Holi in India to mobiles, PCs and laptops used the world over, everything seems to be Made in China.Source: Daily News & Analysis: Money News | 1 Aug 2008 | 10:14 pm Wipro writes catch-up code for lost timeIts 'string of pearls' strategy may have helped Wipro Technologies gain a global footprint and domain capabilities swiftlySource: Daily News & Analysis: Money News | 1 Aug 2008 | 10:13 pm 5 to 10 3G operators in a circle. But spectrum?Despite all the uncertainties related to spectrum availability, the government is targeting revenue worth Rs 30,000 crore to Rs 40,000 crore from 3G and wireless broadband auctions.Source: Daily News & Analysis: Money News | 1 Aug 2008 | 10:12 pm Banks pin hopes on fee-income liftHigher interest rates, tight liquidity and declining credit growth are forcing banks to look at other income avenues this year.Source: Daily News & Analysis: Money News | 1 Aug 2008 | 10:11 pm 'Reforms bills should be passed in next session'Bansal acknowledged that economic growth would have to be "compromised" in order to contain inflation, but said India's economy remained "robust and strongSource: Daily News & Analysis: Money News | 1 Aug 2008 | 10:10 pm No problems with Eli Lily tieup: GlenmarkThere have been rumors circulating in the market about problems that Glenmark Pharma is facing with its tieup with Eli Lily and the difficulties that the company is having in its clinical trials for various molecules. Glenn Saldhana, MD, Glenmark said, There is no truth in these allegations. \"Source: Moneycontrol Top Headlines | 1 Aug 2008 | 10:05 pm MCX to refile for IPOMCX plans to refile for IPO, reports CNBCTV18, quoting NewsWire18. It had defers its IPO on account of adverse market conditions.Source: Moneycontrol Top Headlines | 1 Aug 2008 | 9:44 pm Airbus superjumbo lands at New York's JFKNEW YORK (Reuters) - Airbus's A380 superjumbo touched down at New York's John F. Kennedy International Airport on Friday, marking the first commercial arrival of the giant, double-decker passenger plane on U.S. soil.Source: Reuters: Money News | 1 Aug 2008 | 9:30 pm Yahoo chairman defends merger stance at meetingSAN JOSE, Calif. (Reuters) - Yahoo Inc tried to soothe angry investors at its annual meeting on Friday, insisting it had been serious about talks to sell itself to Microsoft Corp and that it had good growth prospects in the next three years.Source: Reuters: Money News | 1 Aug 2008 | 9:26 pm Yahoo's board wins big endorsement by shareholdersSAN JOSE, Calif. (Reuters) - Yahoo Inc's board of directors received strong backing from shareholders at its annual meeting on Friday, with embattled Chief Executive Jerry Yang winning an 85 percent favorable vote.Source: Reuters: Money News | 1 Aug 2008 | 9:18 pm GM posts $15.5 billion loss as sales sputterDETROIT (Reuters) - General Motors Corp reported a $15.5 billion quarterly loss on Friday as North American sales dropped by 20 percent and resale prices for SUVs coming off lease plunged.Source: Reuters: Money News | 1 Aug 2008 | 7:02 pm Foreign vendors allowed to bank offsetsDefence Minister AK Antony today released the new policy that will govern defence procurements over the next two years.??The Defence Procurement Policy of 2008, or DPP-2008 for short, supersedes theSource: Business Standard | Front Page Headlines | 1 Aug 2008 | 7:01 pm DAL REIT unlikely in next 1218 months: DLFRajiv Singh, ViceCharman, DLF, said the company is sounding a note of caution due to external environment not being conducive now. He told CNBCTV18 that the real estate sector is not all gloom and doom. \"There is no bubble. Buyers still exist, but decisions could be postponed due to uncertainty.\"Source: Moneycontrol Top Headlines | 1 Aug 2008 | 7:00 pm IAEA approves India`s safeguards agreementThe International Atomic Energy Agency (IAEA) board of governors today approved by consensus a nuclear safeguards agreement with India, calling for the application of IAEA safeguards to IndianSource: Business Standard | Front Page Headlines | 1 Aug 2008 | 6:59 pm Essar in Iran crude deal, eyes gasoline saleNEW DELHI (Reuters) - India's Essar Oil is in talks to sell gasoline to Iran and has signed its first-ever term contract with Tehran to import 1.6 million barrels of crude oil every month, top company officials said.Source: Reuters: Money News | 1 Aug 2008 | 3:17 pm Car industry gloom descends on GM, BMW, NissanFRANKFURT/DETROIT (Reuters) - The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion, BMW warned on profits and Nissan earnings widely missed expectations.Source: Reuters: Money News | 1 Aug 2008 | 2:39 pm Mahindra: any asset buy has to make senseMUMBAI (Reuters) - Mahindra & Mahindra Ltd, which sources have said is in talks with General Motors about its Hummer brand, will consider any asset's price and whether it makes sense, a top official said on Friday.Source: Reuters: Money News | 1 Aug 2008 | 2:25 pm
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