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Tata Comm to take WiMax services to 115 towns this fiscal!

Tata Communications, formerly VSNL, will take its WiMax services to 115 towns in this fiscal from the present 60 and it will look at taking broadband-WiMax services to four to five cities, a top company official said.
Source: Zee News : Business | 3 Aug 2008 | 11:51 am

India second top destination for Omani exports!

India has emerged as the second top destination for Omani exports after the UAE, according to official figures.
Source: Zee News : Business | 3 Aug 2008 | 11:51 am

WTO talks: Brazil in touch with India!

Brazilian President Luiz Inacio Lula da Silva has announced that he has launched consultations with the United States, China and India to salvage world trade talks that recently collapsed.
Source: Zee News : Business | 3 Aug 2008 | 11:51 am

MTNL to begin 3G services in 3 months after getting spectrum!

State-run MTNL is ready to roll out its 3G network within three months once the PSU gets spectrum from the government, company CMD R S P Sinha said.
Source: Zee News : Business | 3 Aug 2008 | 11:51 am

Global cues may keep Dalal Street on tenterhooks!

Global developments are likely to come back as the driving force of Indian stock market after a brief rally seen over the past few days on domestic factors like expectations for economic reforms being taken forward.
Source: Zee News : Business | 3 Aug 2008 | 11:51 am

`WTO talks must wait until next year`!

Any new attempt to grasp the grail of a world trade pact will probably have to wait until next year, after elections in the United States and India, despite some calls for more talks now, economists say.
Source: Zee News : Business | 3 Aug 2008 | 11:51 am

MCX shelves IPO plans - official

MUMBAI (Reuters) - Multi Commodity Exchange of India Ltd (MCX), the country's biggest commodity bourse by turnover, has postponed its initial public offering (IPO) for now, a top company official said late on Saturday.

Source: Reuters: Money News | 3 Aug 2008 | 10:17 am

Credit policy aimed at curbing inflation - Economic Times


Sify

Credit policy aimed at curbing inflation
Economic Times - 2 hours ago
Last week was an eventful one for the stock markets. The much awaited credit policy was released. The Reserve Bank of India (RBI) raised its repurchase rate to nine percent from 8.5 percent.
Impact of rate hike on Banking sector Myiris.com
‘Interest rates will stabilise soon’ The Statesman
Moneycontrol.com - Economic Times - Economic Times - Economic Times
all 641 news articles

Source: Google News India - Business | 3 Aug 2008 | 9:06 am

Kuwait official sees oil staying above $100 - report

KUWAIT (Reuters) - Oil was unlikely to fall below $100 per barrel as strong demand from emerging economies such as China and India put a floor under prices, a member of Kuwait's top oil council said in remarks published on Sunday.

Source: Reuters: Money News | 3 Aug 2008 | 8:25 am

Despite failure of talks, India seeks closer engagement with US - MyNews.in


Spiegel Online

Despite failure of talks, India seeks closer engagement with US
MyNews.in - 3 hours ago
New Delhi : Commerce and Industry Minister Kamal Nath has said India seeks a closer engagement with the United States , notwithstanding its stiff role relating to India ''s proposals at the mini-ministerial WTO talks at Geneva .
WTO talks won't hit Indo-US trade ties: Kamal Nath Economic Times
India to review grain stocks, export curbs next week Reuters India
Forbes - SteelGuru - Times of India - Hindu
all 261 news articles

Source: Google News India - Business | 3 Aug 2008 | 8:16 am

China says ready for fallout from trade talks collapse

BEIJING (Reuters) - China's commerce minister has called the collapse of trade liberalisation talks a heavy blow, telling state media his country will brace for more trade friction and pursue closer regional cooperation.

Source: Reuters: Money News | 3 Aug 2008 | 7:44 am

Mamata to give rally a miss, to plan strategy instead - Expressindia.com


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Mamata to give rally a miss, to plan strategy instead
Expressindia.com - 7 hours ago
Kolkata, August 02 Trinamool Congress Mamata Banerjee continued her tirade against the state government and Tata Motors’ small car factory in Singur, but declined to take part in Sunday’s rally herself.
Tatas fed up with Singur protests Moneycontrol.com
Singur reels under tension once again Sify
Business Standard - Hindu - Times of India - Hindu Business Line
all 73 news articles

Source: Google News India - Business | 3 Aug 2008 | 4:11 am

Yahoo board wins solid shareholder backing in vote

SAN JOSE, Calif. (Reuters) - 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 favor.

Source: Reuters: Money News | 3 Aug 2008 | 3:38 am

Brazil's Lula to seek rapid revival of trade talks

SAO PAULO (Reuters) - Brazil wants to restart collapsed global trade negotiations and believes an agreement can be reached within two months, President Luiz Inacio Lula da Silva said on Saturday.

Source: Reuters: Money News | 3 Aug 2008 | 2:57 am

Index funds good for passive investors - Economic Times


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Index funds good for passive investors
Economic Times - 9 hours ago
Index funds have been popular with investors. Over the last year, the returns from index funds have been pretty good - about 30 percent.
Nifty ends above 4400; Power, CG, O&G, banks stks Moneycontrol.com
Expect steady, rangebound performance of Sensex coming week MSN India
Reuters India - NDTV.com - Sify - India Infoline.com
all 116 news articles

Source: Google News India - Business | 3 Aug 2008 | 2:22 am

Zero commission to travel agents deferred by a month - Indian Express


TopNews

Zero commission to travel agents deferred by a month
Indian Express - 9 hours ago
Mumbai: : The country’s top three air carriers - National Aviation Company of India Ltd (NACIL), Jet Airways and Kingfisher Airlines - have jointly deferred cutting travel agents’ commission from the existing 5 per cent to nil by one month.
States not likely to cut ATF tax, say surcharge fuels cos’ profits Financial Express
AI defers decision to withdraw agency commission Hindu Business Line
Hindustan Times - The Statesman - Economic Times - Newstrack India
all 56 news articles

Source: Google News India - Business | 3 Aug 2008 | 1:50 am

Daiichi defers open offer for Ranbaxy

Delay in Sebi approval prompts move.??Japanese drug major Daiichi Sankyo today deferred its proposed open offer to acquire an additional 20 per cent stake in Ranbaxy Laboratories, citing a delay in
Source: Business Standard | Front Page Headlines | 3 Aug 2008 | 12:29 am

No 3G auction for CDMA players

Spectrum allocation to be based on number of subscribers. New Delhi, Aug. 2 CDMA-based mobile operators can get third generation spectrum without having to participate in any auction. ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

Quality norms for onion exports tightened

DGFT steps in to track transactions, check permit abuse. New Delhi, Aug. 2 The Directorate-General of Foreign Trade (DGFT) has amended its November 2007 notification on onion exports to streamline procedures, tighten quality norms and ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

Market swings hit MFs hard

Assets under management continue to shrink. Mumbai, Aug. 2 The assets under management (AUM) of mutual fund industry fell for the second successive month, declining by more than 6 per cent in ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

Weekly News Round-up

Attempting to tame inflation from its 13-year high, the RBI sharply raised key interest rate last Tuesday, which is expected to trigger an across-the-board hike in bank lending rates, including corporate, home and consumer ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

India Inc has lower profit cushion to service debt

Interest burden set to rise further with recent rate hikes. Corporate results for the quarter ended June 2008 suggest that India Inc may now have lower cushion on profits to cover interest obligations. ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

New chiefs for 4 PSBs

Executive Directors elevated. New Delhi, Aug. 2 The Government has appointed chief executives for four public sector banks - Allahabad Bank, Andhra Bank, Syndicate Bank and Vijaya Bank. ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

IT cos keep engg students guessing

CAMPUS OFFERS. Bangalore, Aug 2 The global economic meltdown has touched Indian engineering campuses. Students in Bangalore and Chennai, who walked home last year with offer letters from large Indian IT companies, are now clutching on to hope ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

LIC’s first premium falls 12% in Q1

Mumbai, Aug. 2 Life Insurance Corporation of India has seen a 12-per cent drop in new business premium in the first quarter of the ...
Source: Business Line - Home Page | 3 Aug 2008 | 12:00 am

Blessing in disguise: Attrition rates may slow down too

Its a blessing in disguise, of sorts. Indian companies, which had to face a huge attrition problem over the last few years, can finally breathe easy. HR analysts said the economic slowdown is
Source: Business Standard | Front Page Headlines | 2 Aug 2008 | 11:33 pm

Exchangeable bonds may be a reality soon

There may finally be some good news for Indian companies on foreign currency exchangeable bonds (FCEB's).??The finance ministry wants the central bank to permit corporate houses to use FCEBs for
Source: Business Standard | Front Page Headlines | 2 Aug 2008 | 11:32 pm

Sparks fly over airport rentals

Indian carriers, which are still reeling under high jet fuel (ATF) prices, are now seeing red over airports increasing the space rental fees by 50 to 450 per cent. Airport charges account for 12-15
Source: Business Standard | Front Page Headlines | 2 Aug 2008 | 11:31 pm

Vaghul may pass on baton to Kamath at ICICI Bank

After 24 years at the helm, Narayan Vaghul, the non-executive chairman of ICICI Bank, will call it a day in March next year.??His protg and the current Chief Executive Officer and
Source: Business Standard | Front Page Headlines | 2 Aug 2008 | 11:30 pm

IPTV wait lengthens - Calcutta Telegraph


Calcutta Telegraph

IPTV wait lengthens
Calcutta Telegraph - 13 hours ago
Calcutta, August 2: Viewers will have to wait till next year to access Internet protocol television or IPTV. “There are still some issues regarding convergence which need to be sorted out at the central level between telecom authorities and the ...
BSNL ties up with COMPASS The Statesman
BSNL to enter into direct agreement with broadcasters Press Trust of India
all 8 news articles

Source: Google News India - Business | 2 Aug 2008 | 10:08 pm

AllBank gets new chief - Calcutta Telegraph


Calcutta Telegraph

AllBank gets new chief
Calcutta Telegraph - 13 hours ago
Calcutta, Aug. 2: KR Kamath has taken over as the chairman and managing director of Allahabad Bank. Kamath was previously working as executive director of Bank of India.
New chiefs for 4 PSBs Hindu Business Line
KR Kamath takes over as Allahabad Bank CMD Deepika
Economic Times - Hindu - Hindu Business Line
all 9 news articles

Source: Google News India - Business | 2 Aug 2008 | 9:57 pm

New ADR/GDR norms to make overseas fund-raising easier for Indian ... - TopNews


New ADR/GDR norms to make overseas fund-raising easier for Indian ...
TopNews - 14 hours ago
It will now be easier for Indian companies to utilize the overseas equities market for raising funds for their expansion plans. The finance ministry of India has decided to make some changes in American Depository Receipts (ADRs) and Global Depository ...
Greater pricing freedom for ADR, GDR Economic Times
ADR, GDR norms to make overseas loans easier Financial Express
Times of India - Reuters India
all 8 news articles

Source: Google News India - Business | 2 Aug 2008 | 9:14 pm

DoT to seek more spectrum from Defence forces for Delhi, Mumbai - Hindu Business Line


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DoT to seek more spectrum from Defence forces for Delhi, Mumbai
Hindu Business Line - 16 hours ago
The industry is now pushing the Government to negotiate with the Defence to release more spectrum. New Delhi, Aug. 2 Telecom subscribers in Delhi and Mumbai can hope to get more number of 3G players if the Defence forces play sport.
5 to 10 3G operators in a circle. But the spectrum? Sify
Stage set for 3G mobile play Calcutta Telegraph
IBNLive.com - The Statesman - Rediff - Moneycontrol.com
all 88 news articles

Source: Google News India - Business | 2 Aug 2008 | 6:48 pm

500 post offices to be upgraded

Five hundred post offices across the country will be upgraded under a special project to be launched later this month, Minister of State for IT and Communication Jyotiraditya Scindia said here Saturday.
Source: IndiaeNews.com: Business News | 2 Aug 2008 | 6:30 pm

Trinamool-led farmers block trains in West Bengal

The 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

Petrol pumps in Kerala to cut working hours

Petrol 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

Honda Motorcycle to launch Rs.1 mn bike

Honda 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 Lanka

Honda 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 23

Naresh-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

West Bengal to focus on Sunderbans to promote tourism

The 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 change

Japanese 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 change

Daiichi 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 growth

Adlabs 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 services

Chhattisgarh 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 Image

Hong 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 Orissa

The 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


BBC News

Tata pullout won't affect foreign investments, minister hopes
Economic Times - 2 Aug 2008
DHAKA: The Tata Group's decision to scrap a $3 billion investment proposal is unlikely to affect the flow of foreign direct investment (FDI) in Bangladesh, a top official hopes.
Bangladesh gloom after Tata exit BBC News
Tata scraps $3 bn Bangladesh investment plan Hindu
Hindu Business Line - Business Standard - GulfNews - Newstrack India
all 67 news articles

Source: Google News India - Business | 2 Aug 2008 | 10:31 am

Chandigarh gearing up for eRevolution 2008

Leading 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