|
|
|
|
Sterlite gets nod for Bauxite mining in OrissaSterlite has got the go ahead for Bauxite Mining in Orissa. CV Krishnan of Vedanta Resources said that the bauxite mining project along with the alumina refinery in Kalahandi will mean a major step for the group in the aluminium sector and it will bring significant employment, economic livelihood for the overall development of the region.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 5:09 pm Wider budget gap may boost inflation further: GovtThe government said iron ore supplies are comfortable, reports CNBCTV18, quoting NewsWire18. It feels high inflation may persist in the shortterm. The government will continue to take appropriate steps to contain prices. However, a wider budget gap may boost inflation further, it added.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 4:53 pm Likely to start bauxite mining in 36 mths: VedantaSterlite has got the go ahead for bauxite mining in Orissa. CV Krishnan of Vedanta Resources said there was no other nongovernmental opposition to bauxite mining in Orissa. Vedanta is likely to commence bauxite mining in 36 mths. The company is targeting 1 mt alumina prodn from the refinery and revenues of $300350 mn.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 4:37 pm Elecon Engg bags 5 major orders; sees growth at 2540%Elecon Engineering has bagged five major orders worth Rs 524 crore. Prayasvin Patel, CMD, Elecon Engineering, said the new windmill gear box manufacturing plant will start functioning by October. The company has earmarked Rs 110 crore for expansion in 200809 and it aims to increase its turnover to Rs 1,100 crore.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 2:52 pm Cabinet nod to restructure Punjab Sind Bk equityThe Cabinet has given its nod to restructure the equity capital of Punjab Sind Bank, reports CNBCTV18. The restructuring will allow the bank to raise equity via IPO. The government has also okayed the conversion of Rs 200 crore equity into preference capital, reports NewsWire18.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 1:34 pm Cabinet defers issue of sugar decontrolThe Cabinet has deferred the issue of sugar decontrol, reports CNBCTV18. The Cabinet Committee on Economic Affairs said the price band for a greenfield plant is to be decided later. It has okayed tabling of fresh amendments to the Forward Contract Regulation Act, or FCRA, bill, reports NewsWire18.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 1:07 pm Supreme Court clears POSCO, Vedanta projectsNEW DELHI (Reuters) - Hurdles blocking two major projects, including India's biggest foreign investment, were cleared by the Supreme Court on Friday despite protests from farmers and an ancient tribe angry over losing their land.Source: Reuters: Money News | 8 Aug 2008 | 1:03 pm Markets remain bullish at closeIn volatile trade, the markets overcame the initial setback today with the benchmark Sensex gaining over 50 points to remain above 15,000-level at close.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 1:00 pm Rupee erases early losses, stocks helpMUMBAI (Reuters) - The rupee erased early losses to end almost unchanged on Friday, buoyed by heavy dollar selling by a large foreign bank and a firm stock market finish.Source: Reuters: Money News | 8 Aug 2008 | 12:58 pm Bharti Wal-Mart to start operations in 2009Bharti Wal-Mart, a joint venture between Bharti Enterprises and US-based retail giant Wal-Mart stores, said it will commence its wholesale cash and carry operations by early next year.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 12:57 pm Tata, Rel ADAG most valuable brandsTata, Reliance Anil Dhirubhai Ambani Group and Airtel have been identified as the top three most valuable brands in India by 4Ps Business and Marketing magazine.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 12:55 pm MCX first Indian comex to get IOSCO membership - Economic Times
Source: Google News India - Business | 8 Aug 2008 | 12:48 pm Stocks bounce back in late trade as oil cools down - Economic Times
Source: Google News India - Business | 8 Aug 2008 | 12:48 pm BSE applies for Currency Derivatives Segment - Moneycontrol.com
Source: Google News India - Business | 8 Aug 2008 | 12:41 pm BSE exchange applies for FX futuresMUMBAI (Reuters) - The Bombay Stock Exchange has applied to the stock market regulator Securities and Exchange Board of India for starting trading in currency futures, it said in an e-mailed statement on Friday.Source: Reuters: Money News | 8 Aug 2008 | 12:34 pm Ratan Tata conferred honorary DoctorateRatan Tata was conferred a honorary doctorate in science for his extraordinary contribution to the growth of Indian industry and supporting the cause of Science and Technology.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 12:34 pm Walt Disney picks up 15 percent in UTV's broadcast armWalt Disney Co has picked up 15 percent stake in UTV Global Broadcasting Ltd (UGBL) for Rs.1.18 billion, UTV announced in a statement Friday.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 12:31 pm Give consumers freedom to pick electricity supplier: HaldeaConsumers should have the freedom to pick their own supplier of electrical power, a top government official said here Friday.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 12:31 pm Mexico`s annual inflation hits 3-yr high!Mexico`s central bank says rising food and gasoline prices have pushed inflation to its highest level in three years.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Sensex dips below 15K in early trade !The Bombay Stock Exchange benchmark Sensex fell by 117 points in early trade Friday on heavy selling by funds.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm India second-largest wireless market in the world: Study!Mobile telephony has grown rapidly in India, especially during the last three years, with India becoming the second-largest wireless market in the world, says a World Bank study.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Iraq to resume oil exploration after 20 years!Iraq will resume searching for oil on Friday for the first time in two decades, the oil ministry said on Thursday, in the hope of finding vast reserves that lay undiscovered because of sanctions and war.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm AOL investment may be impaired: Google!Google Inc`s 5 percent stake in Time Warner Inc`s AOL unit may be worth less than the USD 1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Citigroup, Merrill to buy back auction-rate debt!Citigroup and Merrill Lynch said they would buy back billions of dollars of illiquid auction-rate securities from retail clients, and Citigroup agreed to pay a USD 100 million fine to settle charges it fraudulently misled investors about the debt`s risk.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Raja pulls up BSNL on slow growth of VAS biz!Concerned over the slow growth of BSNL, Telecom Minister A Raja has asked Department of Telecom to work out a mechanism where important decisions could be expedited fast to drive more revenue for the PSU.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Oil near $120 on Turkey oil pipeline blast!Oil held broadly steady at near USD 120 a barrel on Friday, rebounding from three-month lows due to an attack on a one million barrel per day pipeline in Turkey, but bearish demand sentiment prevailed.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Suzlon`s Belgian unit eyeing Indian firm: Report!The Belgian unit of Indian wind turbine maker Suzlon Energy is looking at buying at least half the founders` stake in India`s Shanthi Gears, a business daily reported on Friday.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Supply crunch may push oil above $200/barrel: Study!The world faces a serious oil supply crunch within five to 10 years that may drive prices up to more than USD 200 a barrel, a British think tank said on Friday.Source: Zee News : Business | 8 Aug 2008 | 12:17 pm Walt Disney picks up 15 percent in UTV's broadcast arm - Economic Times
Source: Google News India - Business | 8 Aug 2008 | 12:10 pm SC gives green signal to Sterlite and Posco projects in Orissa - Business Standard
Source: Google News India - Business | 8 Aug 2008 | 12:07 pm Govt hopes to fetch Rs 700 cr from NTC land sale in Mumbai - Business Standard
Source: Google News India - Business | 8 Aug 2008 | 12:06 pm Govt clears policy to encourage investment in urea sector - Press Trust of India
Source: Google News India - Business | 8 Aug 2008 | 12:04 pm India to double uranium reserves for energy sectorNEW DELHI (Reuters) - India aims to more than double uranium reserves for its nuclear energy programme and will spend 2 billion rupees ($47.5 million) on aiding exploration and prospecting, a minister said on Friday.Source: Reuters: Money News | 8 Aug 2008 | 11:59 am Chidambaram: RBI moves to tame inflation in 3-6 mthsBANGALORE (Reuters) - Finance Minister Palaniappan Chidambaram said on Friday the Reserve Bank of India's tight monetary policy stance would help tame inflation in 3-6 months.Source: Reuters: Money News | 8 Aug 2008 | 11:57 am Tobacco farmers light up acreage despite govt frownHUNSUR, India (Reuters) - Farmers in India have increased acreage under tobacco in tandem with a sharp spike in global tobacco prices, a move that flies in the face of official attempts to discourage cultivation of the leaf.Source: Reuters: Money News | 8 Aug 2008 | 11:52 am Gujarat government decision holds up Rajkot SEZA proposal to set up an engineering industry special economic zone (SEZ) near Rajkot city in Gujarat has got stuck because the state government has had a change of heart and decided to enforce the land use policy.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:33 am Equity markets close in the greenIndian equity markets closed in the green Friday.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:33 am Rail blockades worry East Coast RailwayFrequent protests by people at railway lines that hold up trains for hours have created problems for India's East Coast Railway that caters to three states.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:33 am Tata, Reliance ADAG most valuable brandsTata, Reliance Anil Dhirubhai Ambani Group and Airtel have been identified as the top three most valuable brands in India by 4Ps Business and Marketing magazine in its annual ranking released here Friday.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:32 am Anti-graft law change to save officials from harassmentIndia is likely to amend its anti-corruption law making it compulsory to secure sanction before prosecuting any retired government official.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:32 am Travel agents protest Air India scrapping commissionTravel agents in Kerala dealing with air ticketing have decided to stage a daylong sit-in before the Air India office here Aug 26 to protest the airline's withdrawal of agent's commission from Nov 1.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:31 am Markets ends with marginal gainThe Indian equities market ended the last day of the trading session of the week with a marginal gain amidst volatile trade. Buying interest was seen in banking, capital goods, metal and power stocks.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 11:30 am Sensex rallies to highest close in 8 weeksMUMBAI (Reuters) - Indian shares rallied late on Friday to their highest close in almost eight weeks, but trade was choppy after inflation topped 12 percent for the first time in 13 years and raised more monetary tightening worries.Source: Reuters: Money News | 8 Aug 2008 | 11:29 am Tata Com chief is 'telecom person of the year'Tata Communications managing director and chief executive Srinath N. has been named the telecom person of the year by Voice and Data magazine.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 11:28 am No sign of inflation, credit growth slowing: Fin Min srcsFinance Ministry Sources see no sings of either inflation or credit growth slowing down and expect the FY09 fiscal gap at 2.8% without extra subsidies. It added that the 3G fee, divestment and taxes to cap the FY09 fiscal gap and said that its too early to say whether the rate tightening cycle is over.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 11:27 am ArcelorMittal to boost steel production in BrazilArcelorMittal, the world's leading steel company, is to invest $1.6 billion in its long carbon steel operations in Brazil.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 11:24 am CEO of Bombay Stock Exchange resignsManaging Director and CEO of Bombay Stock Exchange (BSE) Rajnikant Patel has resigned from his post.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 11:22 am Suresh Tendulkar 'bullish' on Indian economy - Economic Times
Source: Google News India - Business | 8 Aug 2008 | 11:16 am Need longterm, assured ironore supply for cos: Steel SecyThe Steel Secretary has said that companies continue to hold product prices and that product price regulation is not sustainable in the longterm, according to NewsWire18 reports. He asserted the need for a longterm and assured supply of iron ore for steel companies.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 11:13 am UPDATE1-Shanthi Gears jumps on acquisition report - Reuters India
Source: Google News India - Business | 8 Aug 2008 | 11:11 am Euro and pound dip against dollar - BBC News
Source: Google News India - Business | 8 Aug 2008 | 11:07 am Sugar prices not to rally much from here: Shree RenukaNarendra Murkumbi believes the government will not intervene to control prices. He does not see a major rally in sugar prices from here on. The sugar prices are above Rs 17 per kg in the Southern part while in the Northern part it is Rs 18, he said. The company requested the government to do away with levy on sugar quota.Source: Moneycontrol Top Headlines | 8 Aug 2008 | 10:57 am Tendulkar 'bullish' on Indian economyIndia's inflation rate will not stay high for long and the economy will continue to expand at a fast pace despite global developments.Source: Daily News & Analysis: Money News | 8 Aug 2008 | 10:54 am India seen turning major sugar importerNEW DELHI (Reuters) - India, a large exporter of sugar this year, will turn a big importer of the sweetner after October 2009 as the crop shrinks and demand in the world's top consumer rises, a leading producer said on Friday.Source: Reuters: Money News | 8 Aug 2008 | 10:39 am Tata Com chief wins 'telecom person of the year' awardTata Communications managing director and chief executive Srinath N. has been named the telecom person of the year by Voice and Data magazine.Source: IndiaeNews.com: Business News | 8 Aug 2008 | 10:00 am ASEAN to sign trade pact with India in DecemberBANGKOK (Reuters) - Ten Southeast Asian countries will sign a free trade pact with India in December to cut import tariffs on goods, but not services or investment, a senior Thai official said on Friday.Source: Reuters: Money News | 8 Aug 2008 | 9:42 am Cabinet OKs new fertiliser investment policyNEW DELHI (Reuters) - Cabinet on Friday approved a new policy for urea fertiliser makers aimed at boosting investment in the sector and helping reduce government's subsidies, a cabinet minister said.Source: Reuters: Money News | 8 Aug 2008 | 9:38 am Lenovo gears up for Olympics as global sponsorLenovo has gone for the Olympic gold. The only Chinese company to be a global Olympic sponsor, It is estimated to have spent at least $100 m on the games. Deepak Advani, CMO, said, \"What we hope to accomplish after the Olympic games is for the world to know that there is a player Lenovo that builds the best engineered PCs.\"Source: Moneycontrol Top Headlines | 8 Aug 2008 | 9:05 am ‘Attrition at Satyam among lowest in industry’Hyderabad, Aug 7 IT services provider Satyam Computer has managed to bring down its attrition rate to 11.5 per cent during 2007-2008, which is amongst the industry’s lowest, according to Mr B. Ramalinga Raju, Chairman of Satyam ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Zandu-Emami row: HC asks CLB to pass orders in 15 daysZandu AGM scheduled for tomorrow adjourned. Mumbai/Kolkata, Aug. 7 The corporate tussle between ayurveda companies Zandu Pharmaceutical and Emami Ltd seems to have shifted to the Company Law Board. ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Day Trading GuideThe stock was choppy in the last trading session. We maintain our prior view of initiating fresh short-position, if the stock declines below Rs 690, with tight stop loss. ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Dividend yield hopes buoy Indiabulls SecuritiesThe stock of Indiabulls Securities has been attracting investors’ interest in the past one week. The stock jumped about six per cent to Rs 75.70 on Thursday and is up about 13 per cent in one week’s time.Trading volumes also ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Two-wheeler cos increase pricesNew Delhi, Aug. 7 Two-wheeler companies have raised the prices across different models in the range of Rs 800-2,000. They have cited escalating raw material prices as reason for price increase. ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Dish TV India (Rs 37.55): BuyWe recommend a buy in Dish TV India from a short-term perspective. It is clearly visible from the charts of Dish TV India that it had been on a medium-term downtrend between April and July (from a high of Rs 66 to Rs 26). After recording a 52 ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Govt may go ahead with BSNL IPO plan despite union protestPlans listing in next 6 months; shares may be priced in Rs 300-400 range. New Delhi, Aug. 7 Despite opposition from the company’s employees union, the Government seems to be moving ahead on its plans to list State-owned telecom company ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Revived monsoon trims rain deficit to 1%Thiruvananthapuram, Aug 7 A second week of revived monsoon in the peninsula has managed to make some dent in the all-India rainfall deficit, assessed at one per cent till Wednesday (August 6). ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Inflation breaches 12% markHighest in over 13 years; Chief Statistician says prices have flattened. New Delhi, Aug. 7 Annual inflation, measured by the Wholesale Price Index, accelerated to 12.01 in the week ended July 26, the highest since April 1, 1995 and marginally ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am Emerging markets to boost mobile sales: GartnerMumbai, Aug. 7 Worldwide sales of mobile phones are expected to rise by about 11 per cent to 1.28 billion units in 2008, riding on the back of increased demand in emerging countries. ...Source: Business Line - Home Page | 8 Aug 2008 | 12:00 am And there was a Doctor at Hand for every villageThe surfeit of medical information available spurred the creation of a system that could leverage it to treat common diseasesSource: Daily News & Analysis: Money News | 7 Aug 2008 | 10:34 pm Airlines run charters to plug the leakHow do you shore up the topline when a good chunk of your customers is unable to afford your key product or service and much as you would like to, you just can't bring down prices?Source: Daily News & Analysis: Money News | 7 Aug 2008 | 10:33 pm SpiceJet-Ross deal runs into credit write-off problemsThe exclusivity clause for closing the deal between private equity investor WL Ross and SpiceJet that ended on July 31 has been extended because the US-based company is re-negotiating with creditorsSource: Business Standard | Front Page Headlines | 7 Aug 2008 | 6:49 pm Japanese firms rev up to offer superbikes at Indian pricesIn an attempt to steal the two-wheeler market from the three Indian giants Hero Honda, Bajaj and TVS Motors, which collectively account for almost 85 per cent of sales, Japanese bike manufacturersSource: Business Standard | Front Page Headlines | 7 Aug 2008 | 6:48 pm Hyderabad to get 71-km metro 'free of cost'Delhis 65-km metro cost the state and central governments Rs 10,500 crore. In comparison, Hyderabad is about to get a 71-km metro without the central or state government paying a rupee.Source: Business Standard | Front Page Headlines | 7 Aug 2008 | 6:47 pm
|
