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BSE plan to launch currency futures by Sept!The Bombay Stock Exchange is planning to launch Exchange Traded Currency Futures (ETCF) contracts by early September after SEBI officials inspect its system next week.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm FAO ups world 2008 paddy rice output!The United Nations` Food and Agriculture Organisation (FAO) has raised its forecast of 2008 world paddy rice production by more than 1 million tonnes to 668 million tonnes after improved harvests in India and some other major producers.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm `Indian economy to grow close to 8% in 2008`!The Indian economy is expected to grow by close to 8 percent in 2008, notwithstanding, the slowdown in the global economy, Deutsche Bank Chief Economist Norbert Walter has said.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm Haier Mobiles to re-enter Indian GSM mobile biz!Sensing strong revenue from GSM based mobile handset business, Chinese major Haier is planning to refocus on the same and is working with software companies and US based Qualcomm to add more applications for better functionality in its cellphones.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm Nilekani to join London intl council of business advisers!Nandan Nilekani, co-chairman of the Indian IT giant Infosys, will advise London Mayor, Boris Johnson, on the capital`s business landscape in the build up to the 2012 Olympic Games.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm High prices of FMCG, durables to stay longer!Consumers will have no respite this season from the ever increasing inflationary pressures with many companies in FMCG and consumer durables sector contemplating further price hikes to cushion themselves from high input costs.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm Iran seeks early meeting on IPI project!Iran has asked India and Pakistan for an early trilateral meeting to finalise the long-delayed IPI gas pipeline project but New Delhi is seeking to delay talks until its civil nuclear agreement with the United States wins approval of the US Congress next month.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm "Non-implementation of competition policy hits growth"!India may have logged on an average of over 8 percent growth in the past four years, but the country could have done better had the competition policy been implemented.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm Japan looking at lucrative nuke biz in India!Even though it says it is yet to firm up its position with regard to NSG waiver for India, Japan is eyeing the business potential in the lucrative nuclear energy sector in this country if exemptions are granted to New Delhi.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm India, China IPO activity looses steam in 2008!The IPO activity in the Asia Pacific region has nearly halved in the first half of this year, with two of the fastest growing economies -- India and China -- reporting a drop of nearly USD 18 billion in mobilisation of such deals.Source: Zee News : Business | 10 Aug 2008 | 1:11 pm Branson warns U.S. presidential candidates on BA/AALONDON (Reuters) - Virgin Atlantic owner Sir Richard Branson on Sunday wrote to U.S. presidential candidates Barack Obama and John McCain warning that a link-up between British Airways and American Airlines would be anti-competitive.Source: Reuters: Money News | 10 Aug 2008 | 1:00 pm Ontrack Systems agrees to buy US IT companyIT solutions provider Ontrack Systems Ltd has agreed to acquire US-based IT firm IQ Technologies LLC along with its wholly-owned subsidiary FAST India (Pvt) Ltd.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 11:31 am Games could cause brief dip in growth - economistsBEIJING (Reuters) - The transport restrictions and factory closures that China has ordered as part of its drive to clean Beijing's air for the Olympics could lead to a dip in overall economic activity in the short term, some economists say.Source: Reuters: Money News | 10 Aug 2008 | 10:56 am Three cost-cutting projects at Kerala MineralsState-run titanium dioxide producer Kerala Minerals and Metals Ltd (KMML) is all set to implement three cost-cutting projects that will bring down costs by Rs.600 million ($14.3 million).Source: IndiaeNews.com: Business News | 10 Aug 2008 | 9:32 am Northeastern states join hands on power frontIndia's eight northeastern states are working jointly to make the region's power system economic, efficient and reliable, Tripura Power Minister Manik Dey said here Sunday.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 9:31 am New urea policy to bring in fresh investments: CII - Livemint
Source: Google News India - Business | 10 Aug 2008 | 8:59 am Iran, Algeria to discuss OPEC-style gas group - reportTEHRAN (Reuters) - Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian president Abdelaziz Bouteflika to Tehran, Iran's ambassador to Algeria said in remarks published on Sunday.Source: Reuters: Money News | 10 Aug 2008 | 8:44 am Tatas to start Blackberry services soon - Hindu
Source: Google News India - Business | 10 Aug 2008 | 8:42 am MCX set to start currency derivatives exchange - Economic Times
Source: Google News India - Business | 10 Aug 2008 | 8:33 am Exclusive terminals planned for low cost carriersThe new domestic terminal coming up at the Indira Gandhi International (IGI) Airport here is being planned as "no-frill terminals" to help low-cost carriers (LCCs), a senior official of the company developing the airport said.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 8:30 am Tata Tele to spend $2bln to expand network - mediaMUMBAI (Reuters) - Telecom operator Tata Teleservices will invest about 80 billion rupees ($2 billion) over the next 24 months to expand its telecom networks, newspapers reported on Sunday.Source: Reuters: Money News | 10 Aug 2008 | 8:23 am AMFI initiates study on common online platform - Sify
Source: Google News India - Business | 10 Aug 2008 | 7:28 am Metso to boost India presence via acquisitions - paperMUMBAI (Reuters) - Finnish engineer Metso is looking to scale up its presence in India through acquisitions and has been in talks with companies, Chief Executive Jorma Eloranta told the Economic Times newspaper.Source: Reuters: Money News | 10 Aug 2008 | 7:21 am Russian -made nuke powered submarine Akula set to join Indian Navy ... - Press Trust of India
Source: Google News India - Business | 10 Aug 2008 | 6:36 am India to open major chunk of trade under FTA with ASEAN - Hindu
Source: Google News India - Business | 10 Aug 2008 | 6:32 am India closer to acquiring Boeing maritime aircraftIndia has inched closer to acquiring the Boeing P8I maritime patrol aircraft from the US that will give it a marked edge in the Indian Ocean region, with the contract negotiating committee completing its report on price negotiations, a defence official says.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 6:31 am CII outlines 10-point agenda for infrastructure growthThe Confederation of Indian Industry (CII) has outlined a 10-point agenda for infrastructure growth, with focus on the need for appointing a special envoy who would coordinate among various ministries and state governments for the speedy implementation of projects.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 6:30 am Small industries hit by production slump, job generation dipsHit by the economic slowdown in the first quarter of the current fiscal, the contribution of small scale industries (SSIs) to manufacturing and employment generation slipped by 10 percent and seven percent respectively, said a report by an industry lobby.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 6:30 am 'Biofuel can ensure India's energy security'When Henry Ford fuelled his car with ethanol way back in the 1930s, some admired him while others considered it a stunt. Eight decades later, Indian experts working on biofuels as an alternative source of energy feel everyone can be a Ford.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 6:02 am India's domestic IT growth now beats exports: surveyIndia's booming IT market has seen the domestic demand growth outstrip exports for the first time in over a decade, thanks to the maturing outsourcing market, says a new survey.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 6:02 am Industry professionals can now walk into IIT classesIndustry professionals who aspire to rub shoulders with students of the elite Indian Institutes of Technology and upgrade their skills now have a chance to do so. IIT Delhi has opened its courses to them.Source: IndiaeNews.com: Business News | 10 Aug 2008 | 6:00 am Chennai Metro Rail work to begin this October - Economic Times
Source: Google News India - Business | 10 Aug 2008 | 4:08 am FAO ups world 2008 paddy rice output to 668 mln TMILAN (Reuters) - The United Nations' Food and Agriculture Organisation (FAO) has raised its forecast of 2008 world paddy rice production by more than 1 million tonnes to 668 million tonnes after improved harvests in India and some other major producers.Source: Reuters: Money News | 10 Aug 2008 | 3:45 am Orissa village to use forest Act to block Posco project - Times of India
Source: Google News India - Business | 10 Aug 2008 | 1:30 am Al Jazeera English in talks with Indian broadcastersNew Delhi, Aug. 9 Al Jazeera English, the Doha-headquartered television channel, is in talks with news and regional broadcasters in India as it waits for its uplinking licence from the Ministry of Information and Broadcasting. ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Rain wreaks havoc in AP, Met office warns of moreHyderabad, Aug. 9 Incessant rain in the last 24 hours in Andhra Pradesh has caused widespread damage to life and property across the State. According to the Meteorological Department, widespread rainfall is likely over Orissa and coastal ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Alarming rise in pollution by Asian giants: StudyMumbai, Aug. 9 China accounted for a staggering 57 per cent of the growth in carbon emissions from fossil fuel combustion worldwide that, between 2000 and 2007, increased 22 per cent to an estimated 8.2 billion tonnes, according to research by ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Metso ramping up Indian investments€30-m Metso Park project under way. Metso Minerals is stepping up its India investments to cater to increased demand for crushing and vibrating equipment and pumps in the country, and related service products. ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Tata Tele plans to invest $2 b in mobile servicesGSM rollout by year end; CDMA network in more circles. Agra, Aug. 9 Outlining its road map for the telecom sector, Tata Teleservices on Saturday said it will invest $2 billion over the next two years in rolling out mobile services using both ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Weekly News Round-upThe Wholesale Price Index based inflation rate accelerated to 12.01 per cent in the week ended July 26, the highest since April 1, 1995. It was marginally above the 11.98 per cent annual increase in the previous reported ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Beaten-down sectors lead the rallyOver 400 stocks deliver returns of 20%-plus. What is the investment that can deliver a 20 per cent return in three weeks? Believe it or not, the answer is still ‘stocks’. ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Ma Foi now under Randstad foldChennai, Aug. 9 Ma Foi Management, which has been a part of the Vedior group since 2004, has now become a part of the Netherlands-based Randstad, the second largest HR services company in the world. ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Infosys to set up its largest campus in HyderabadComing up on 447 acres at an investment of Rs 1,250 crore. Hyderabad, Aug 9 Infosys Technologies plans to invest Rs 1,250 crore to create its single largest campus on a 447-acre campus at Pocharam near Hyderabad with a capacity to host 25,000 ...Source: Business Line - Home Page | 10 Aug 2008 | 12:00 am Singh set to become the box-office kingArmed with the highest number of prints this year for a Bollywood film (1,050 prints in India), Akshay Kumars Singh is Kinng is expected to rustle up collections of Rs 40 crore in the firstSource: Business Standard | Front Page Headlines | 9 Aug 2008 | 11:29 pm Mumbai Metro to offer higher FSI to reduce viability gap fundTo create a corpus for infrastructure projects in the metropolitan region and reduce the extent of viability gap funding (VGF) to be paid to the developer, the Maharashtra government is planning toSource: Business Standard | Front Page Headlines | 9 Aug 2008 | 11:27 pm TCS, 3 PSUs plan energy exchangeThree government-owned power sector companies, along with Indias largest information technology firm, Tata Consultancy Services (TCS) have agreed to set up an energy exchange that will rivalSource: Business Standard | Front Page Headlines | 9 Aug 2008 | 11:27 pm Home loan tap must flow, FM to tell banksContinuing the flow of home loans and accessing low-cost deposits are two key elements of the governments instructions to public sector banks.??Sources said that the two issues will figureSource: Business Standard | Front Page Headlines | 9 Aug 2008 | 11:26 pm CITU urges Karunanidhi to stop BSNL disinvestment - Hindu
Source: Google News India - Business | 9 Aug 2008 | 9:57 pm Four firms sign MoU for power exchange - Hindu
Source: Google News India - Business | 9 Aug 2008 | 9:42 pm Wall St Week Ahead: Oil's drop may spur rebound; CPI in focusNEW YORK (Reuters) - Wall Street may extend its recovery push next week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth.Source: Reuters: Money News | 9 Aug 2008 | 6:50 pm Shaky wicket: Will SpiceJetWilbur Ross deal go through?The SpiceJet Wilbur Ross deal may not be through just as yet. The SpiceJet officials confirmed that the exclusivity clause for closing the deal had ended on July 31 and has now been extended. SpiceJet also denied reports of the deal being on shaky wicket adding that the structural issues will be finalised in the next few days.Source: Moneycontrol Top Headlines | 9 Aug 2008 | 2:25 pm Tata Teleservices to launch GSM servicesTata Teleservices, which has mobile telephony services on the CDMA platform, announced on Saturday that it will launch GSM services soon.Source: Daily News & Analysis: Money News | 9 Aug 2008 | 1:46 pm IBM data centres to cut power bills by 4050%The south has been reeling under a power crisis for a while now. IBM has decided to do its bit for Bangalore. Bangalore is an estimated USD 1.3 billion market in India alone and is growing at 2530% every year. IBM hopes to capture this market for energy efficient data centers with second phase of its projects.Source: Moneycontrol Top Headlines | 9 Aug 2008 | 1:18 pm B\'lore cos to stamp their names at OlympicsBangalore is all set to make a splash at what is being pitched as the largest sporting spectacle in the world. Companies in Bangalore are rooting for gold and are using the games as an opportunity to stamp their names on international arena.Source: Moneycontrol Top Headlines | 9 Aug 2008 | 12:56 pm Work hard to realise your dreams: Narayana MurthyIndia has now seen a positive growth and youngsters have greater responsibility to make this growth sustainable, Narayana Murthy said.Source: Daily News & Analysis: Money News | 9 Aug 2008 | 12:40 pm H\'bad, B\'lore, Kochi: Which city will get Metro rail first?Delhi metro success story has inspired similar projects in the south of India. The question now arises which city will get the metro first? Will it be Bangalore, Kochi or Hyderabad?Source: Moneycontrol Top Headlines | 9 Aug 2008 | 12:36 pm
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