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Steel prices to fall by $100/tn in coming qtrs: ExpertsAccording to Nitin Johri, the steel prices may fall by USD 100 per tonne in the coming quarters. Andrew Goldwin expects steel prices to cool off by USD 100150 per tonne in the next quarter.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 1:33 pm Sensex down 42 pts in early trade!The Bombay Stock Exchange benchmark Sensex moved down by 42 points in early trade today on small selling activity in banking and metal stocks.Source: Zee News : Business | 5 Aug 2008 | 1:05 pm Daiichi open offer for Ranbaxy to start Aug 16!Japanese drug maker Daiichi Sankyo will launch an open offer to buy a further 20 percent in India`s Ranbaxy Laboratories on Aug 16, the Indian firm said on Tuesday.Source: Zee News : Business | 5 Aug 2008 | 1:05 pm Toyota to launch its hybrid sedan in India!Global auto major Toyota Motor Corp plans to introduce its hybrid sedan Prius in India as an answer to soaring fuel prices and growing concerns over emissions, a top official at its Indian joint venture said.Source: Zee News : Business | 5 Aug 2008 | 1:05 pm Oil prices fall below USD 120!Oil prices plunged to a three-month low, briefly tumbling below USD 120 a barrelSource: Zee News : Business | 5 Aug 2008 | 1:05 pm Rupee at 1-week high on lower oil, sharesMUMBAI (Reuters) - The rupee rose to its highest in a week against the dollar on Tuesday helped by gains in the local share market and lower oil prices, which eased concerns over a widening trade deficit.Source: Reuters: Money News | 5 Aug 2008 | 12:43 pm U.S. Fed starts meeting, rates seen on holdWASHINGTON (Reuters) - The U.S. Federal Reserve Board began a one-day meeting on Tuesday expected to end with interest rates on hold as dismal housing markets and tight credit weigh on the economy.Source: Reuters: Money News | 5 Aug 2008 | 12:34 pm Tropical Storm Edouard Makes Landfall on Upper Texas Coast - Bloomberg
Source: Google News India - Business | 5 Aug 2008 | 12:28 pm Bharti Airtel announces strategic restructuring - Hindu Business Line
Source: Google News India - Business | 5 Aug 2008 | 12:12 pm Rupert Murdoch expects FDI cap in print will go - Sify
Source: Google News India - Business | 5 Aug 2008 | 12:05 pm Currency futures likely by August-end - NDTV.com
Source: Google News India - Business | 5 Aug 2008 | 11:59 am NTPC to take 40 pct in renewable power JVMUMBAI (Reuters) - State-run power generator NTPC Ltd said on Tuesday it will initially take 40 percent in a proposed renewable power joint venture.Source: Reuters: Money News | 5 Aug 2008 | 11:45 am GLOBAL MARKETS - Oil, commodities tumble; stocks, dollar gainLONDON (Reuters) - Oil and commodity prices tumbled on Tuesday as concerns grew that slowing global economic growth could reduce demand, while easing inflation concerns and better-than-expected European bank results lifted world shares.Source: Reuters: Money News | 5 Aug 2008 | 11:39 am Reliance Money, NMCE plan agri spot exchange - Reuters India
Source: Google News India - Business | 5 Aug 2008 | 11:21 am No decision yet on India futures ban - govt secyNEW DELHI (Reuters) - India will only review its ban on futures trading in four commodities next month and has no plans to suspend more contracts, Consumer Affairs Secretary Yashwant Bhave said on Tuesday.Source: Reuters: Money News | 5 Aug 2008 | 11:20 am CRGI request review of Yahoo board electionCapital Research Global Investors, one of Yahoo's largest shareholders, has requested a review of last week's board electionSource: Daily News & Analysis: Money News | 5 Aug 2008 | 11:20 am Nifty ends above 4500; Realty, Banks up 6.5%, Auto - Moneycontrol.com
Source: Google News India - Business | 5 Aug 2008 | 11:18 am IOC to shut 3 units at Koyali refinery - India Infoline.com
Source: Google News India - Business | 5 Aug 2008 | 11:17 am NTPC forays into renewable power - Economic Times
Source: Google News India - Business | 5 Aug 2008 | 11:12 am Reliance Money, NMCE plan agri spot exchangeMUMBAI (Reuters) - Reliance Money and National Multi-Commodity Exchange (NMCE) on Tuesday said they will set up a spot exchange for agricultural products.Source: Reuters: Money News | 5 Aug 2008 | 11:12 am Aurobindo Pharma inches up on new drug approval - NDTV.com
Source: Google News India - Business | 5 Aug 2008 | 10:58 am Indian shares rise 2.6 pct as oil coolsBANGALORE (Reuters) - Indian shares surged 2.6 percent on Tuesday to their highest close in more than a month, led by ICICI Bank and HDFC Bank after oil pricesSource: Reuters: Money News | 5 Aug 2008 | 10:48 am MindTree to buy biz application svcs of GetronicsKumar Natrajan, CEO, MindTree said that the company works with several divisions of Getronics and not just the BAS division. The BAS division contributes to about 3040% of revenues from Getronics. He sees no impact on the companys (MindTrees) earnings from Getronics in this financial year.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 10:46 am India copper weakens on dlr, stocks; zinc, lead slip - Reuters India
Source: Google News India - Business | 5 Aug 2008 | 10:42 am Ban on export of nonbasmati rice extended till NovThe government has said that the ban on the export of nonbasmati rice will stay till November. Commerce Secretary GK Pillai said that the ban will only be reviewed in November, once the new crop arrives.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 10:40 am GHCL denies talks on equity stake in NirmaSanjay Dalmia, Chairman, GHCL, has said that the promoters will continue to have a controlling interest in the company. He said Nirma has not approached the company for any equity stake and denied of any talks being held on the same. However, he said that GHCL will continue to have talks with strategic financial partners.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 10:25 am Oil falls to three-month low of $118LONDON (Reuters) - Oil fell to $118 a barrel on Tuesday, a three-month low, as investors focused on rising OPEC supply and declining demand in the United States and Europe.Source: Reuters: Money News | 5 Aug 2008 | 9:40 am India gold falls, demand gathers steamMUMBAI (Reuters) - India's gold prices softened on Tuesday as the international market extended its fall on a slipping crude oil, making more traders buy the metal ahead of an expected pick up in retail sales, dealers said.Source: Reuters: Money News | 5 Aug 2008 | 9:39 am Toyota to launch its hybrid sedan in IndiaGlobal auto major Toyota Motor Corp plans to introduce its hybrid sedan Prius in India as an answer to soaring fuel prices and growing concerns over emissionsSource: Daily News & Analysis: Money News | 5 Aug 2008 | 9:35 am SIS buys Chubb Sec for Rs 1000 crIt is the largest takeover deal in the security agency space. India\'s security and intelligence services, Security and Intelligence Services, SIS, has bought Australia\'s largest security agency, Chubb Security for Rs 1000 crore. This is the first time an Indian company has made a global acquisition in this space.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 8:55 am TRAI orders GSM players to link up with RComThe Telecom Regulatory Authority of India (TRAI) has again directed GSM operators, including Bharti Airtel, to offer interconnection to Reliance Communication.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 8:55 am Ceat renegotiates export order pricesTyre manufacturer Ceat, part of the Rs 13,500crore RPG Group, has been able to renegotiate prices for a bulk of its existing export orders for the next 45 months on steep surge in cost of inputs such as rubber and carbon black.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 8:54 am India cannot be immune to recession: TataIndia cannot be immune to recession which has hit the US and Europe, said Mr Ratan Tata, Chairman, Tata Chemicals Ltd.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 8:52 am BHEL bags Rs 200cr Vietnam contractStateowned Bharat Heavy Electricals Ltd (BHEL) on Monday announced it has bagged an order worth Rs 200 crore for a hydroelectric power project in Vietnam.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 8:51 am Ranbaxy open offer to commence on Aug 16, end on Sep 4Daiichi Sankyo received FIPB approval and the SEBI nod for the Ranbaxy open offer. However, both companies could not be reached for comment. The announcement is expected in two days.Source: Moneycontrol Top Headlines | 5 Aug 2008 | 8:50 am Metals, energy fire up Indian commodity exchangesMUMBAI (Reuters) - Surging trade in metals and energy has propped up Indian commodity exchanges despite a ban on farm futures, and volumes are set to grow even more as investors scramble for safe haven assets amid weakening financial markets.Source: Reuters: Money News | 5 Aug 2008 | 8:13 am Toyota to launch its hybrid sedan in IndiaGlobal auto major Toyota Motor Corp plans to introduce its hybrid sedan Prius in India as an answer to soaring fuel prices and growing concerns over emissions, a top official at its Indian joint venture said.Source: IndiaeNews.com: Business News | 5 Aug 2008 | 4:02 am Daiichi Sankyo gets SEBI nod for Ranbaxy open offerNew Delhi, Aug 4 The Securities and Exchange Board of India has given its approval to the open offer from Daiichi Sankyo to acquire an additional 20 per cent stake in Ranbaxy Laboratories Ltd. ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am AI lures travellers with discounts on domestic night faresRelaunches offer on domestic leg of international flights. Flying with the state-owned Air India at night could now be a cheaper option for consumers. ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Welspun-Gujarat Stahl: BuyWe recommend a buy in Welspun-Gujarat Stahl Rohren from a short-term perspective. From the charts of Welspun-Gujarat Stahl Rohren we observe that it has been moving down steadily since it recorded the peak at Rs 537 in January. This decline ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Honesty and political survival are ‘incompatible’The problem is, today, honesty is incompatible with survival in politics. Let’s not pretend otherwise. Even now, Dr Manmohan Singh is impeccable. But the fact is he knows what is happening and he needs it to survive. So blaming ... ke sense..Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Essar’s Aegis BPO buys PeopleSupport of USDeal valued at Rs 1,057 cr; to be funded thru internal accruals. Mumbai, Aug 4 The Essar group said on Monday that its outsourcing outfit Aegis BPO has agreed to buy the Nasdaq listed off-shoring firm PeopleSupport Inc for $250 million (Rs ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Beaten down mid-cap stocks back in focusAurobindo Pharma, Blue Dart, Max India, Pfizer see surge in prices. Mumbai, Aug. 4 The BSE mid-cap index has marginally outperformed the Sensex in the past month as investors went bargain ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Day Trading GuideThe stock is experiencing selling pressure at higher level. We recommend a sell in this ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Pulses import by PSUs needs regulationEven as the price situation is turning explosive. Mumbai, Aug 4From July 25, the country has had excellent precipitation, especially covering moisture-stressed areas of Central, Southern and Western region, bringing much-needed relief to ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Moody’s sees increased downside pressure to stable ratings outlook‘Nuke deal could lend medium-term support to ratings’. New Delhi, Aug 4 The Indo-US nuclear deal could lend medium-term support to India’s sovereign ratings, said international credit rating agency Moody’s Investors ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am Bancassurance sees steady, brisk growth‘Bank branches account for 24% of new biz for life insurers’. Hyderabad, Aug. 4 The bancassurance segment in the insurance industry has been growing at a steady pace and is competing with the traditional sale of insurance by ...Source: Business Line - Home Page | 5 Aug 2008 | 12:00 am AMP to pick up 29% in Gayatri infra armAustralian financial services firm AMP Ltd will pick up 29% in the infrastructure unit of construction firm Gayatri Projects Ltd, the company said.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:09 pm Parsvnath to go slow on land buysParsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:08 pm Taj may enter JohannesburgIndian Hotels Company Ltd (IHCL), the Tata Group's hospitality arm, is all set to enter the largest and most populous city in South Africa - Johannesburg.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:07 pm Bharati Ship seeks 40% order riseBharati Shipyard, the country's leading private sector shipbuilding company, is looking to enhance its order book by 35-40% in the coming year.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:06 pm Essar Oil to pump up capacity at VadinarEssar Oil, the integrated oil major who is expanding crude refining capacity at the Vadinar facility, expects to achieve financial closure for the project by September 2008.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:05 pm Mahindra's mass transport offering by 2009Mahindra & Mahindra's mass transportation vehicle platform is expected be ready by the second half of next year. The vehicle is being billed as a four-wheeled mass transportation option.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:03 pm BoB leverages outbound M&As for foreign gainsBank of Baroda is tracking the path blazed by Indian corporates on a global buying spree and is expanding its overseas branch network.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:02 pm Yes Bank reaps windYes Bank will advise Australian-based Windlab Systems in partnering Indian wind energy developers in projects worth around Rs 1,000 crore over the next year and-a-half.Source: Daily News & Analysis: Money News | 4 Aug 2008 | 11:00 pm Murdoch to take stake in Sakaal group`s Saam TVAlso plans foray in Indian print media.??Global media baron Rupert Murdoch plans to buy 20 to 26 per cent in the Sakaal Groups upcoming Marathi news channel Saam TV, slated for an August-15Source: Business Standard | Front Page Headlines | 4 Aug 2008 | 6:58 pm Pay panel awards may be deferredThe government may defer the implementation of the sixth Pay Commission award by a year or even two to reduce the fiscal burden of the recommendations that proposed a 28 per cent across-the-boardSource: Business Standard | Front Page Headlines | 4 Aug 2008 | 6:57 pm MIT project to introduce student laptops in Indian languagesThe One Laptop Per Child (OLPC) project, launched by Massachusetts Institute of Technology (MIT) professor Nicholas Negroponte, will now introduce laptops with various keyboards in local Indian languages.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 5:30 pm 'Airline sector in trouble as number of passengers drops'The airline sector is in trouble as the number of passengers falls and rising fuel costs inflict a huge loss on the industry this year, according to an aviation agency.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 5:17 pm Power sector needs to double growth, says ShindeThe power sector should double its growth rate to gain power sufficiency, Power Minister Sushil Kumar Shinde said here Monday.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:34 pm Bus, truck owners oppose fuel vends' plan to cut service timeThe bus and lorry operators in Kerala have opposed the decision of the fuel stations to reduce their service time from Aug 18.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:33 pm Ministries join hands to promote khadiThe ministry of panchayati raj Monday signed a memorandum of understanding (MoU) with the Khadi and Village Industry Commission (KVIC) to promote khadi in rural India.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:32 pm Ordinance for smooth functioning of Delhi tax tribunalThe Delhi government Monday approved an ordinance to provide for smoother functioning of the Municipal Taxation Tribunal.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:32 pm Torrent Power plans to generate over 8600 MWThe city-based Torrent Power has unveiled ambitious plans to build a string of new and brown field power projects that will give it an installed generating capacity of over 8,600 MW.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:02 pm NALCO resumes full production in Orissa unitNational Aluminium Company Ltd (NALCO), India's second largest aluminium producer, resumed full production at its alumina refinery at Damanjodi in Orissa's Koraput district as the coal supply improved, an official said Monday.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:01 pm ITC net drops 4.3 percent to Rs.7.5 bnThe net profit of Kolkata-based ITC Ltd, which has interests in tobacco, paper, hospitality and agri-products, dropped 4.3 percent to Rs.7.49 billion in the first quarter of the current fiscal, compared to Rs.7.83 billion during the corresponding period last fiscal, the company said Monday.Source: IndiaeNews.com: Business News | 4 Aug 2008 | 4:01 pm
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