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Airtel to launch iPhone in India on Aug 22!Apple`s iPhone, the touch screen handset that acquired a cult status in the US and other western countries, will be available to Indian mobile users through Bharti Airtel at the stroke of midnight on August 21, giving competitors like Nokia, Samsung and others a run for their money.Source: Zee News : Business | 6 Aug 2008 | 12:43 pm GDP growth to moderate to 7.5-8% this fiscal: Rangarajan!Prime Minister`s Economic Advisory Council Chairman C Rangarajan Wednesday said that GDP growth may moderate to 7.5-8 percent in the current fiscal.Source: Zee News : Business | 6 Aug 2008 | 12:43 pm US Fed holds interest rate at 2%!The Federal Reserve, in a widely predicted move, kept its main interest rate unchanged at 2.0 percent citing concerns about sputtering economic growth and inflationary pressures.Source: Zee News : Business | 6 Aug 2008 | 12:43 pm Sensex regains 15k, Nifty up 111 pts!The Bombay Stock Exchange benchmark Sensex gained 425.83 points to cross the 15,000 level in early trade on Wednesday on heavy buying by funds, tracking firm global trend.Source: Zee News : Business | 6 Aug 2008 | 12:43 pm Oil hits 3-month low at $118!Oil fell to a three-month low on Wednesday, as lingering worries of a weak US economy continued to weigh on demand, but conflicts in Nigeria and dispute over Iran`s nuclear plan could counter the bearish effects.Source: Zee News : Business | 6 Aug 2008 | 12:43 pm BNP Paribas Q2 net profit falls 34%!BNP Paribas, France`s biggest listed bank, reported a 34 percent fall in second quarter net profit on Wednesday, although the earnings were slightly ahead of the consensus forecast.Source: Zee News : Business | 6 Aug 2008 | 12:43 pm Sensex ends 112 pts up despite heavy selling - Sify
Source: Google News India - Business | 6 Aug 2008 | 11:00 am Indian shares up 0.8 pct on soft oilBANGALORE (Reuters) - Indian shares rose 0.8 percent on Wednesday after subdued oil prices and hopes the United States would hold rates for the rest of the year boosted world markets, but traders were wary about the outlook.Source: Reuters: Money News | 6 Aug 2008 | 10:59 am Resurgere Mines IPO to raise 1.2 bln rupees - Reuters India
Source: Google News India - Business | 6 Aug 2008 | 10:56 am Founder firm pares stake in New Delhi TelevisionMUMBAI (Reuters) - Broadcaster New Delhi Television Ltd (NDTV) said on Wednesday a founder group firm has sold 2 percent stake through the open market.Source: Reuters: Money News | 6 Aug 2008 | 10:39 am TRAI: allow mobile virtual network opsNEW DELHI (Reuters) – The Telecom Regulatory Authority of India (TRAI) has asked the government to allow firms to offer mobile services without owning a network or spectrum, which could increase competition and push already cheap call rates even lower.Source: Reuters: Money News | 6 Aug 2008 | 10:34 am Freddie Mac reports 2nd-quarter loss of $821 mlnNEW YORK (Reuters) - Freddie Mac, the second-biggest provider of U.S. residential mortgage funding, on Wednesday posted its fourth consecutive quarterly loss and set plans to slash its common stock dividend amid the steepest U.S. housing market slump since the Great Depression.Source: Reuters: Money News | 6 Aug 2008 | 10:30 am Canara Bank expects flat net profit in '08SHANGHAI (Reuters) - Canara Bank, a state-owned lender, expects its net profit this year to be flat from last year due to securities-related provisions, but it will resume rising next year as the economy improves, its chairman said on Wednesday.Source: Reuters: Money News | 6 Aug 2008 | 10:26 am Inflation seen at 12.02 pct on July 26MUMBAI (Reuters) - Inflation rate is expected to have risen to 12 percent in late July, driven by higher costs of commodities and strong demand in the economy, a Reuters poll of 10 economists showed on Wednesday.Source: Reuters: Money News | 6 Aug 2008 | 10:22 am India gold soft on foreign mkt, rupee; demand highMUMBAI (Reuters) - India's gold prices were softer on Wednesday tracking overseas markets and a stronger rupee, and dealers said traders had rushed to buy large amounts of gold fearing prices might rebound.Source: Reuters: Money News | 6 Aug 2008 | 10:17 am Oil bounces off 3-month low, awaits US dataLONDON (Reuters) - Oil stood firm above $119 a barrel on Wednesday, recovering from three-month lows triggered by concerns about weakening demand from a global economic slowdown.Source: Reuters: Money News | 6 Aug 2008 | 9:55 am Pvt PFs may have to hire finance gurus - Economic Times
Source: Google News India - Business | 6 Aug 2008 | 9:54 am Fed holds interest rates - Moneycontrol.com
Source: Google News India - Business | 6 Aug 2008 | 9:53 am Ahead of Nano, Tatas seek to beef up car dealer network - Economic Times
Source: Google News India - Business | 6 Aug 2008 | 9:51 am Reliance Power to raise $2.5bln loan - sourcesMUMBAI (Reuters) - Reliance Power Ltd is planning to raise as much as $2.5 billion equivalent in a rupee loan to fund its power project, two bankers familiar with the matter said on Wednesday.Source: Reuters: Money News | 6 Aug 2008 | 9:44 am Aspirants can start early on IFRS accounting - Sify
Source: Google News India - Business | 6 Aug 2008 | 9:41 am FUND VIEW - Bet on India banks, realty; shun resources - ABN AMROMUMBAI (Reuters) - Investors in Indian shares should keep away from resources and bet on battered bank and realty stocks as falling commodity prices will douse inflation, soften interest rates and boost earnings, an ABN AMRO fund manager said.Source: Reuters: Money News | 6 Aug 2008 | 9:40 am GDP growth to moderate to 7.5-8% this fiscal - NDTV.com
Source: Google News India - Business | 6 Aug 2008 | 9:32 am AMC sale adds sheen to StanChart bottomline - Sify
Source: Google News India - Business | 6 Aug 2008 | 9:29 am Coal India To Develop 18 Old Mines - TopNews
Source: Google News India - Business | 6 Aug 2008 | 9:29 am Fake currency keeps tumbling out of bank chest - Economic Times
Source: Google News India - Business | 6 Aug 2008 | 8:05 am India emerging as global hub for data hosting servicesConvergence of technologies, domain expertise and falling bandwidth tariffs are making India a hot data hosting and remote infrastructure management (RIM) site for global enterprises, says a top industry player.Source: IndiaeNews.com: Business News | 6 Aug 2008 | 6:02 am Food processing projects to get major sopThe government will refund 50 percent of the project cost in the food processing sector to the promoter, minister of state for food processing Subodh Kant Sahay said here Tuesday.Source: IndiaeNews.com: Business News | 6 Aug 2008 | 6:02 am Neyveli Lignite Corp planning to raise Rs.19 bnThe Rs.36.38 billion mining-cum-power company Neyveli Lignite Corp Ltd (NLC) is planning to raise around Rs.19 billion ($452.4 million) through external commercial borrowing (ECB) or bond issue or a mix of both.Source: IndiaeNews.com: Business News | 6 Aug 2008 | 6:01 am Equity markets flat in early tradeIndian equity markets, which opened slightly lower Tuesday, were flat in early trade. There was selling pressure on banking, FMCG and oil stocks but buying interest in power, capital goods and realty stocks.Source: IndiaeNews.com: Business News | 6 Aug 2008 | 5:33 am Private PF trusts may be required to get professional adviceNew Delhi, Aug 5 Fund management in private sector provident fund trusts may get a more professional touch on the investment side if a proposal before the Finance Ministry was to find acceptance among policymakers. ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am Crude spike: Oil producers may have to share additional revenuesPanel proposes tax on producers of pre-NELP regime. New Delhi, Aug. 5 Oil producers may have to share the additional revenues earned by them as a result of sharp increase in oil prices, if the suggestions of a high-powered committee headed by ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am Gold, silver to weaken in 2009 on easing inflationDemand may wane due to dollar recovery. Mumbai, Aug 5 Given the continued financial market turmoil in addition to geopolitical concerns, inflation fears, weaker dollar and lower US interest rates, the positive market fundamentals for gold ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am Raw material security is Tata Steel’s major concernWill scout for new sources in India, abroad for raw material. Before it acquired a plethora of overseas steel entities, Tata Steel was sitting pretty with captive availability of raw material (mainly coke) to the tune of 60 per cent of ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am GHCL gains on stake hike hopesIs the promoter group of Nirma Ltd, picking up stake in GHCL? According to market grapevine, stocks were being picked up in substantial volumes by certain entities, supposedly close to Nirma Ltd promoters. Market sources claim that total stake of ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am Day Trading GuideOn Tuesday, the stock gained 8 per cent, accompanied with above-average volume. We recommend a buy in this ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am ‘AS 11 norms would have driven down India Inc profits’Mumbai, Aug. 5 Several blue-chip Indian companies would have reported substantially lower net profits for the fiscal first quarter had they followed Accounting Standard 11 (AS 11) on forex borrowings. ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am ‘Banking sector offers huge scope for tech cos’IBM bets on long-term deals involving outsourced data centres. Hyderabad, Aug. 5 After a series of large transformational and infrastructure deals in the telecom sector such as Bharti and Vodafone, it is the turn of the banking sector to ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am Canara Bank (Rs 214.10): BuyWe recommend a buy in Canara Bank from a short-term perspective. It is clearly evident from the charts of Canara Bank that it was on an intermediate-term downtrend, forming lower peaks and troughs, from its 52-week high of Rs 421 recorded in ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am Sensex rises 383 in late surgeMumbai, Aug 5 The fall in crude to below $120 a barrel and the positive opening of the European markets pushed Indian equities to a gain of 2.5 per cent on Tuesday. ...Source: Business Line - Home Page | 6 Aug 2008 | 12:00 am AMC sale adds sheen to StanChart bottomlineStandard Chartered Bank India saw an 89% rise in its operating profit for the half-year ended this June 31, helped by a near-doubling in corporate banking profitability.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:42 pm Aspirants can start early on IFRS accountingPricewaterhouseCoopers (PwC) and the Indian Institute of Management, Calcutta (IIM-C) have joined hands to develop executive training programmes for International Financial Reporting Standards (IFRS).Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:42 pm Think e-learning's hot stuff? Try m-learningThe mobile phone's no more about just making or receiving calls. So much we know. Even kids can tell how one can also send and receive messagesSource: Daily News & Analysis: Money News | 5 Aug 2008 | 10:40 pm Bharti goes for strategic rejig of top brassLess than 17 months after a mega organisational recast, telecom and insurance major Bharti group has done it again.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:40 pm BSNL marks Rs 900 cr for Net devicesBharat Sanchar Nigam (BSNL) will invest Rs 900 crore to manufacture broadband consumer premise equipment (CPE) at its Kolkata factory.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:39 pm IT fears protectionist hiccups in the USThe IT industry is bracing for some protectionist action in the US after the collapse of the WTO talks in Geneva last week.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:38 pm OOH media on a digital questWith Bangalore becoming the third city after Chennai and Delhi to see a ban on hoardings, it is now a survival quest for out of home (OOH) media players.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:37 pm Nokia braces itself for iPhone challengeNokia India is planning to launch a series of new offerings over the next six months to take on competition from Apple's iPhone and maintain its lead.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:36 pm Starcom MediaVest unveils IntenTrackMarketing mantras like brand USP, positioning and experience may sound too corny hereafter.Source: Daily News & Analysis: Money News | 5 Aug 2008 | 10:35 pm Retailers take direct sourcing routeFood retailers such as Nature's Basket, More, Fresh and Spencer's are taking the direct route to hinterland for propping up their marginsSource: Daily News & Analysis: Money News | 5 Aug 2008 | 10:34 pm Amar Singh alleges insider trading by RILAmar Singh, general secretary of the Samajwadi Party, has written to the Securities and Exchange Board of India (Sebi) alleging insider trading in the shares of Mukesh Ambani-controlled RelianceSource: Business Standard | Front Page Headlines | 5 Aug 2008 | 7:27 pm Sebi opens Esops to nominee-directorsDirectors nominated by financial institutions are now eligible for employee stock options (Esops), provided the director and nominating institutions sign an agreement on this and a copy of it is givenSource: Business Standard | Front Page Headlines | 5 Aug 2008 | 7:26 pm Top companies ignore ICAI rule on forex loss treatmentFirst-quarter results of several big companies such as Reliance Industries, Reliance Communications, Bharti Airtel and Jet Airways would have been a lot worse had they followed the AccountingSource: Business Standard | Front Page Headlines | 5 Aug 2008 | 7:24 pm Pay bonds upfront, says oil ministryCash-strapped firms want Q2, Q3 bonds in advance.??With state-owned oil marketing companies strapped for cash on account of selling products at subsidised rates, the oil ministry last week approachedSource: Business Standard | Front Page Headlines | 5 Aug 2008 | 7:23 pm
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