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Maytas led consortium bags Hyd Metro Rail ProjectThe delayed Hyderabad Metro rail project is now back on track. A Mytasled consortium has bagged the Rs 12,000 crore project. The consortium includes Nava Bharat Ventures, Ital Thai and ILFS.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 6:00 pm Sugar prices up 20%: Time for govt to step in?Sugar prices have risen so high due to a drought in the midcentral states. This drought has resulted to a rapid drop in surpluses. Brazil diversion to manufacturing of ethanol from cane directly has also led to a shortfall in sugar surplus. The decline in the cane area in Australia and South Africa is the reason why global prices have shot up.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 4:18 pm Chinas Sinopec may bid to buy Imperial EnergyReports suggest that Chinas Sinopec has launched a bid to buy Imperial Energy. Imperial is already in talks with a possible offer of GBP12.90 per share from ONGC. Imperial Energy has confirmed another approach relating to a possible cash offer.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 12:37 pm Future Group to become franchise mobile operatorMUMBAI (Reuters) - Diversified Indian conglomerate the Future Group plans to enter the fast-growing mobile services space as a franchisee for network operators, it said, and is in talks with several firms for a potential launch next year.Source: Reuters: Money News | 4 Aug 2008 | 12:35 pm India pepper futures end lower on weak demand, rains - Reuters India
Source: Google News India - Business | 4 Aug 2008 | 12:25 pm Sensex up 67 points to 14,723!In choppy trade, the Bombay Stock Exchange benchmark Sensex moved up by 67 points in early trade on Monday on the back of funds buying in select index-related stocks.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Aramex announces Q2 revenues of $146.8 million!Global logistics provider Aramex has announced that its revenues grew from 437.5 million dirhams (USD 119.1 million) to 539.3 million dirhams (USD 146.8 million) in the second quarter of 2008, which ended June 30, a rise of 23 percent compared to the same period last year.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Murdoch to launch six vernacular TV channels in India!News Corp, a leading broadcaster in India, will invest USD 100 million in six regional language channels in the country, News Corp chief Rupert Murdoch said on Monday.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Oil prices jump above $126!Oil prices rose above USD 126 in Asian trade on Monday over fresh worries about Iran`s disputed nuclear programme and a new storm brewing in the Gulf of Mexico, dealers said.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Fed likely to hold rates steady amid crosscurrents!An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Tata`s exit `a wakeup call for Dhaka`!The scraping of USD 3 billion investment plans for Bangladesh by Indian conglomerate Tata Group is likely to deter investors and should be `a wake up call` for Dhaka, that must update its energy security plans, a leading financial daily has said.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Change listing norms for adopting IFRS: ICAI to SEBI!The apex body for chartered accountants ICAI has asked market regulator SEBI to make changes in the listing norms for facilitating Indian companies to adopt international accounting standards.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Honda supply shortage to persist through FY: CFO!Honda Motor Co will be dogged by a shortage of passenger cars at least through the rest of the business year to next March as production fails to keep pace with demand, its chief financial officer said on Monday. Like the rest of the industry, Japan`s no 2 automaker has been hit by sinking sales of sport utility vehicles and other light trucks amid rising fuel prices, and is scrambling to substitute output of such gas-thirsty vehicles with sought-after cars such as the Civic model.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm ArcelorMittal`s takeover of Chinese steelmaker on hold!China Oriental said on Monday a takeover of the firm by ArcelorMittal had stalled after Chinese regulators failed to give the green light to the proposed deal in the strategically key steel sector.Source: Zee News : Business | 4 Aug 2008 | 12:20 pm Ten rupee coin to be made availableEnding a long wait, the ten rupee coin would soon become available in the market, an official source at the government mint here said.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 12:10 pm GLOBAL MARKETS - World stocks slip as HSBC weighs; oil fallsLONDON (Reuters) - World stocks slipped on Monday as falling profits at Europe's biggest bank HSBC sapped investor morale in a week when the Federal Reserve and other major central banks meet to set interest rates.Source: Reuters: Money News | 4 Aug 2008 | 12:06 pm BSNL-Akash Optifibre launches interactive TV initiative - Hindu Business Line
Source: Google News India - Business | 4 Aug 2008 | 11:59 am Reliance Capital raises home loan rate by 0.5% - Hindu Business Line
Source: Google News India - Business | 4 Aug 2008 | 11:59 am Tata's exit 'a wakeup call for Dhaka'The scraping of $3 billion investment plans for Bangladesh by Indian conglomerate Tata Group is likely to deter investors and should be "a wake up call" for Dhaka.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:42 am Oil edges below $125, but tropical storm loomsLONDON (Reuters) - Oil edged below $125 a barrel on Monday, pressured slightly by evidence of rising OPEC output, but supported by worries about supply disruption as a tropical storm threatened facilities in the U.S. Gulf of Mexico.Source: Reuters: Money News | 4 Aug 2008 | 11:31 am Sify Tech selects Redline’s WiMAX Network in India - Moneycontrol.com
Source: Google News India - Business | 4 Aug 2008 | 11:14 am Indian shares snap 3-day rise, Karachi falls 3.1 pct - Reuters India
Source: Google News India - Business | 4 Aug 2008 | 11:12 am Anil Ambani 'deadly serious' about buying Newcastle UnitedAnil Ambani is expected to make a series of proposals to the owners of English Premier League football club Newscastle United in a possible 260 million pound takeover bid.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:11 am Mudroch launches Dow Jones index for IndiaRupert Murdoch, who last year acquired global business news and information services firm Dow Jones in a $5 billion buyout, launched the Dow Jones index for India.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:08 am Indian shares snap 3-day rise, Karachi falls 3.1 pctBANGALORE (Reuters) - Indian shares snapped a three-day winning streak and eased 0.5 percent on Monday, led lower by Reliance Industries, after renewed worries about the U.S. economy and a rebound in oil prices doused optimism about a nuclear deal.Source: Reuters: Money News | 4 Aug 2008 | 11:03 am India gold firm, buyers eye 12,000 rupees/10 gramsMUMBAI (Reuters) - India's gold's prices were little changed on Monday amid higher crude oil, but buyers stayed on the sidelines as last week's correction had raised hopes of more falls ahead, dealers said.Source: Reuters: Money News | 4 Aug 2008 | 11:01 am Murdoch says to launch TV channels in IndiaMUMBAI (Reuters) - News Corp chief Rupert Murdoch said the U.S conglomerate will launch TV channels in six Indian regional languages over 12 months, and more than double Dow Jones Newswires' editorial staff in India to 60-70 in the next six months.Source: Reuters: Money News | 4 Aug 2008 | 10:48 am Aditya Birla targeting 1000 branches of life insurance - Moneycontrol.com
Source: Google News India - Business | 4 Aug 2008 | 10:36 am Poor rain to hit pulses, cotton, sugarcane productionMonsoons are one big concern for the markets. There were reports that rainfall has been poor but has the situation changed with rains the past week? If you look at the Delhi skies today you\'ll find that it\'s gloomy.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 10:28 am Higher economic risks for India, but ratings stable: Moody's - Economic Times
Source: Google News India - Business | 4 Aug 2008 | 10:21 am Indiaco Ventures gains on overseas collaboration - NDTV.com
Source: Google News India - Business | 4 Aug 2008 | 10:15 am Wipro unit wins outsourcing deal from Indian retailerBANGALORE (Reuters) - A unit of Wipro Ltd, India's third-ranked software services exporter, said on Monday it had won a five-year outsourcing contract from Indian retailer Spencer's Retail Ltd.Source: Reuters: Money News | 4 Aug 2008 | 10:08 am Murdoch says UK TV advertising holding up - Reuters
Source: Google News India - Business | 4 Aug 2008 | 10:04 am ACC produces 1.73 million tonnes cement - Hindu
Source: Google News India - Business | 4 Aug 2008 | 9:41 am INTERVIEW - Bank of Baroda leverages on India's M&A pushHONG KONG (Reuters) - Bank of Baroda is tracking the path blazed by Indian corporates on a global buying spree and is expanding its overseas branch network, which already contributes to a fifth of the overall business, its chairman said on Monday.Source: Reuters: Money News | 4 Aug 2008 | 9:40 am Daiichi defers open offer for Ranbaxy\'s additional 20%Daiichi Sankyo has deferred its proposed open offer to acquire an additional 20 per cent stake in Ranbaxy, citing a delay in approvals from market regulator Sebi. Ranbaxy Managing Director and CEO Malvinder Singh says that a new date will be announced soon.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 8:58 am IT man to focus cos with Rs 50 lakh fresh capYour company could face a tax scrutiny if it had introduced fresh capital exceeding Rs 50 lakh last fiscal, or, as in the tax lingo, during the previous year relevant to the assessment year 200809.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 8:46 am Small, medium biz upbeat: HSBC studyIndian small and medium enterprises (SMEs) remain the most optimistic in terms of their economic outlook and employee recruitment among their Asian peers, according to a small business confidence survey by HSBC.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 8:41 am Bank of India hikes domestic term deposit ratesBank of India hiked the interest rates on domestic rupee term deposits of maturity of one year to less than two years and two years to less than three yeas, between 2535 basis points, with effect from August 4, 2008, said a press release from the bank.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 8:39 am MRPL phase III expansion to be over by 2011The third phase expansion project of Mangalore Refinery and Petrochemicals Ltd (MRPL) is likely to be completed by the end of 2011.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 8:37 am Areva TD draws up Rs 500cr capex planPower equipment major Areva TD India Ltd, part of the French nuclear giant Areva, has capex plans of Rs 500 crore for the current financial year. In the next financial year, it would be investing another Rs 200 crore.Source: Moneycontrol Top Headlines | 4 Aug 2008 | 8:33 am Govt to retain curbs on farm exports, futuresNEW DELHI (Reuters) - The government may extend the ban on futures trading in soyoil, rubber, chickpea and potato when it expires next month, and is expected to retain export curbs on rice and wheat for at least three months, a top official said.Source: Reuters: Money News | 4 Aug 2008 | 7:16 am India's gated townships can induce psychological barriersA two-hour flight from Pune to Delhi was a huge leap for 14-year-old Ritabh. It meant leaving his luxurious abode at Magarpatta city, a gated township on the outskirts of Pune, to go and live in a regular residential area in the Indian capital.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 5:30 am Equity markets flat in early tradeIndian equity markets, which opened lower Monday, were trading flat soon after. There was selling pressure on metal, auto and select power stocks.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 5:00 am More Cauvery water brings cheer to Tamil NaduThousands of people bathed in the Cauvery river at Mettur in Tamil Nadu, thankful for the brimming waters this season that would give a boost to farm production and electricity generation.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 5:00 am Areva T&D draws up Rs 500-cr capex planKeen to raise market share in circuit breakers, voltage transformers. Mumbai, Aug 3 Power equipment major Areva T&D India Ltd, part of the French nuclear giant Areva, has capex plans of Rs 500 crore for the current financial year. In the ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am I-Day weekend: More readying cars to beat high air faresNearby destinations get more popular. New Delhi, Aug 3 This August 15 long weekend, forget flying, start driving. At least that is what scores of families looking for the weekend’s break are planning to do. ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am Mega venture on the Red SeaIf everything proceeds as planned, a 30-km long rail-cum-road-pipeline bridge network across the Red Sea will be ready in the next 12 to 15 years, connecting Djibouti in East Africa with Yemen in West Asia and will be the first physical ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am ‘We will launch our airline only when it is commercially viable’The diversified Bird Group, which has interests in ground and airport handling, is going in for further diversification with the recently launched Bird Air Services, a vendor-neutral service for those wanting to import and/ or ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am Cos with Rs 50 lakh fresh capital induction may come under tax lensNew norms tighter; scrutiny to be done by field-level officers. Chennai, Aug 3 Your company could face a tax scrutiny if it had introduced fresh capital exceeding Rs 50 lakh last fiscal, or, as in the tax lingo, during the previous year ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am Day Trading GuideSource: Business Line - Home Page | 4 Aug 2008 | 12:00 am States step up demand for rice, wheat for ration supplyOpen market prices firming up; new scheme to plug leakages likely soon. New Delhi, Aug 3 The firming up of open market prices has led to a substantial increase in demand for rice and wheat from the Food Corporation of India’s godowns. ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am India to play a critical role in world cotton tradeExports and prices likely to continue their bull run. Mumbai, Aug 3 A combination of falling global production (accentuated by lower output in the US), slowing world consumption growth, decline in stocks and increase in imports (driven mainly ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am Triveni Engineering (Rs 97.50): BuyWe recommend a ‘buy’ in Triveni Engineering and Industries from a short-term perspective. It is evident from the charts that it was on an intermediate-term downtrend from its January 2008 high of Rs 195 to it July low of Rs 64. ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am Upward momentum likely to sustainFIIs not in a hurry to make any investments in India. The equity market last week remained fairly resilient despite RBI raised the repo rate and hiked the CRR. The comforting words from IAEA enhanced the prospect of the proposed Indo-US deal ...Source: Business Line - Home Page | 4 Aug 2008 | 12:00 am Borrow Rs25 lakh home loan, repay Rs1 croreIf the current interest rates stay, you might end up shelling out more than Rs1 crore to pay off a Rs25 lakh home loan. How? Read on.Source: Daily News & Analysis: Money News | 3 Aug 2008 | 10:50 pm The Renault smorgasbordWhen Peugeot called it quits in India over a decade ago, it virtually marked the end of French interest in the Indian automobile industry.Source: Daily News & Analysis: Money News | 3 Aug 2008 | 10:28 pm Firms give flights the miss, go for telepresenceEmployees at two of Wipro Technologies' centres in Bangalore can now communicate with their colleagues in one of the US centresSource: Daily News & Analysis: Money News | 3 Aug 2008 | 10:26 pm Hundred days of solitude for SLBMThe stock lending and borrowing mechanism (SLBM), introduced on April 21 to facilitate short-selling of stocks, remains listless over 100 days since.Source: Daily News & Analysis: Money News | 3 Aug 2008 | 10:25 pm 3G policy touches upon spectrum trade, sharingIs the government planning to allow trading/sharing of spectrum in the case of 3G (third generation) telecom services?Source: Daily News & Analysis: Money News | 3 Aug 2008 | 10:24 pm Offshore funds will pick up 40% in MLR MotorsA clutch of offshore funds is set to pick up a little over 40% equity in MLR Motors which is setting up a greenfield automotive unitSource: Daily News & Analysis: Money News | 3 Aug 2008 | 10:23 pm Mamata threatens to lay siege to Tata Motors plantTrinamool Congress chief Mamata Banerjee Sunday threatened to lay a siege to the Tata Motors factory in Singur for an indefinite period from Aug 24 to force the West Bengal government to return 400 acres of land 'forcibly' acquired from farmers.Source: IndiaeNews.com: Business News | 3 Aug 2008 | 10:01 pm Govt mulls Rs 4,000-cr fund to fight inflationA committee of secretaries is considering a Rs 4,000-crore market intervention fund to provide states interest-free loans to augment foodgrain and edible oil availability, among other items.??TheSource: Business Standard | Front Page Headlines | 3 Aug 2008 | 6:46 pm No overseas exposure by pension fundsThe four Left parties may no longer be allies of the Congress party-led United Progressive Alliance, but their concerns on the pension Bill will still be addressed by the government.??Officials saidSource: Business Standard | Front Page Headlines | 3 Aug 2008 | 6:44 pm Money, money everywhere but Bollywood slippingWhile the stars of the Hindi film industry are demanding and getting stratospherically high prices and entertainment conglomerates are registering over 200 percent growth, the quality of cinema seems to be getting ugly and Pagli.Source: IndiaeNews.com: Business News | 3 Aug 2008 | 4:36 pm Protests continue in Singur over land rowProtests against Tata Motors' small car project at Singur for allegedly forceful acquisition of farmland continued Sunday as the Congress blocked roads and a Trinamool Congress-supported group took out a big rally in the town.Source: IndiaeNews.com: Business News | 3 Aug 2008 | 3:38 pm Fire breaks out in Jayashree TextilesA fire broke out in a textiles factory in Rishra of Hooghly district, West Bengal, Sunday.Source: IndiaeNews.com: Business News | 3 Aug 2008 | 3:02 pm 'IT sector first choice of engineering, management Students'IT sector continues to be the number one choice of engineering and management students, a latest survey carried out among the students in Pune has indicated.Source: IndiaeNews.com: Business News | 3 Aug 2008 | 1:46 pm
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