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Seafood export falls, growth in dollar termsIndian Seafood exports fell by 11.58 per cent in terms of volume, but grew 2.49 per cent in dollar terms last fiscal.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 1:00 pm Markets down on weak IIP dataThe markets reacted sharply to the fall in industrial growth with the benchmark Sensex taking a hit of over 290 points to cut its five-day long gaining spree.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 12:52 pm India aviation firm says gets $214 mln loan financeNEW DELHI (Reuters) - India's state-run National Aviation Co (NACIL), which runs Air India, said on Tuesday it had tied up about $214 million through loans to part-finance its purchase of eight Boeing aircraft.Source: Reuters: Money News | 12 Aug 2008 | 12:42 pm Website for empowering businessesTargeting small and medium enterprises business companies and entrepreneurs, www.zaabiz.com, an online portal for empowering businesses was launched here on Tuesday.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 12:42 pm Indian retail realty prices cooling, says RelianceMUMBAI (Reuters) - Indian retail real estate prices are softening and availability is rising as high interest rates crimp access to funds, slowing demand and forcing builders to sell, a senior Reliance Retail official said on Tuesday.Source: Reuters: Money News | 12 Aug 2008 | 12:41 pm Satyam joining hands with RelWareSatyam Computer Services entered into an alliance with RelWare, a developer of web-based solutions to deliver solutions to healthcare organisations around the world.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 12:38 pm IEA nudges up 2009 oil demand, sees higher supplyLONDON (Reuters) - World oil demand will rise slightly more than expected in 2009, but supplies will also increase, the International Energy Agency said on Tuesday.Source: Reuters: Money News | 12 Aug 2008 | 12:37 pm Navi Mumbai to get first luxury hotelCity-based Metropolis Hotels has bagged a contract to build Navi Mumbai's first five-star hotel.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 12:33 pm Microsoft working on hiking computing penetrationMicrosoft, the world's largest software developer, is now focusing on developing innovative tools to expand computing penetration in India and other emerging markets.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 12:16 pm WTO's Lamy: trade deal still possible by end-2008 - Reuters
Source: Google News India - Business | 12 Aug 2008 | 12:14 pm Sensex closes 291 points downThe Indian equity markets closed in red.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 12:03 pm Industrial growth in Apr-Jun down to half of last fiscalIndia's industrial growth was a mere 5.4 percent in June 2008 down from 8.9 percent in the same month last year in terms of the Index for Industrial Production (IIP).Source: IndiaeNews.com: Business News | 12 Aug 2008 | 12:03 pm Karnataka gets over Rs.260 bn for developmentThe Planning Commission Tuesday approved an annual plan outlay of Rs.26,052.53 crore or over Rs.260 billion to implement development projects in Karnataka during 2008-09.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 12:02 pm Pune hotelier to develop Navi Mumbai's first luxury hotelCity-based Metropolis Hotels has bagged a contract to build Navi Mumbai's first five-star hotel.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 12:01 pm Sensex ends gaining streak, loses 292 pointsIndian equity markets ended their five-day gaining streak and closed with a deep cut following disappointing index for industrial production (IIP) numbers and weak European markets.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 12:00 pm Bihar asked to pay full salary to state transport staffThe Supreme Court Tuesday ordered the Bihar government to begin paying full salary to its road transport corporation officials with immediate effect.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 12:00 pm Rupee eases as shares fall, firmer dlr weighsMUMBAI (Reuters) - The rupee weakened on Tuesday as losses in the local share market raised expectations of more foreign fund outflows and a stronger dollar overseas weighed on sentiment.Source: Reuters: Money News | 12 Aug 2008 | 11:57 am National Housing Bank buys stake in M&M Fin unitMUMBAI (Reuters) - Housing finance regulator National Housing Bank (NHB) has picked up 12.5 percent stake in the home finance unit of Mahindra & Mahindra Financial Services Ltd for an undisclosed sum, the private firm said.Source: Reuters: Money News | 12 Aug 2008 | 11:46 am Tatas rope in Tesco for Indian retail venture - Economic Times
Source: Google News India - Business | 12 Aug 2008 | 11:45 am Oil falls to 3-month low, IEA, Georgia in focusLONDON (Reuters) - Oil fell to a three-month low on Tuesday, dropping for the third day in a row, after the International Energy Agency predicted supplies would be more adequate and Russia called a halt to the conflict in Georgia.Source: Reuters: Money News | 12 Aug 2008 | 11:40 am AHLL CEO arrested in cheating caseThe Chief Executive Officer (CEO) of Apollo Health and Life Style Limited (AHLL) Ratan Jalan, was arrested by Uttar Pradesh police from here in a cheating case booked at Aligarh.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 11:39 am Retailers' discount bonanza in run upIts going to be a bonanza for customers as major retailers have gone on an overdrive with heavy discounts ahead of the independence day.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 11:31 am GLOBAL MARKETS - Economy worries hit commodities, boost dollarLONDON (Reuters) - Worries about a slowing global economy pushed the dollar to six-month highs against the euro and other major currencies on Tuesday and prompted more selling of key commodities such as gold and oil.Source: Reuters: Money News | 12 Aug 2008 | 11:24 am Indian shares snap 5-day rally, drop 2 pctBANGALORE, Aug 12 (Reuters) - Indian shares snapped a five-day rally and fell 1.9 percent on Tuesday, led down by ICICI Bank and Infosys, as investors locked inSource: Reuters: Money News | 12 Aug 2008 | 11:14 am FinMin to meet PSU bankers tomorrow - Business Standard
Source: Google News India - Business | 12 Aug 2008 | 11:12 am WTO talks will succeed if they strengthen weakest: Kamal NathTalks at the World Trade Organisation (WTO) will resume and will be successful if the negotiations focus on strengthening the weakest and not survival of the fittest, Commerce Minister Kamal Nath said here Tuesday.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 11:00 am Fresenius to invest 30 mn in DaburMultinational drug firm Fresenius Kabi, which acquired Dabur Pharma, is looking to expand the latter's oncology business globally with plans of investing up to 30 million.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 10:59 am Infosys cuts down hiring target by 10,000Indicating a slowdown in hiring activities in the IT sector, the country's second largest software firm Infosys said it plans to hire about 25,000 people in the current fiscal.Source: Daily News & Analysis: Money News | 12 Aug 2008 | 10:55 am UPDATE 1-Fresenius to invest 30 mln euros in Dabur Pharma - Reuters India
Source: Google News India - Business | 12 Aug 2008 | 10:38 am Indian Bank hikes lending rates to 14 percentThe public sector Indian Bank has increased its benchmark prime lending rates by 75 basis points to 14 percent per annum with effect from Monday.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 10:32 am More bank staff involved in fake currency scamPreliminary investigations by the Special Investigation Team (SIT) have revealed the involvement of one more bank employee of the State Bank of India (SBI) branch at Domariyaganj in Uttar Pradesh in the fake currency scam, officials said Tuesday.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 10:32 am Finnair names new chief for India operationsNordic carrier Finnair has named Kari Stolbow as the new chief for its operations in India - a market that has been the prime driver of its global operations in the past two years.Source: IndiaeNews.com: Business News | 12 Aug 2008 | 10:30 am Mkts retreat on poor IIP nos; metal, banks, IT stks crash - Moneycontrol.com
Source: Google News India - Business | 12 Aug 2008 | 10:28 am Panacea Biotec secures Rs 143 cr order from UNICEF - Business Standard
Source: Google News India - Business | 12 Aug 2008 | 10:18 am Rupee supports India copper, lead may pull back - Reuters India
Source: Google News India - Business | 12 Aug 2008 | 10:16 am Tesco enters India with cash-and-carry, Tata dealLONDON/MUMBAI (Reuters) - Tesco Plc, the world's No.3 retailer, plans to set up shop in India with a wholesale cash-and-carry business and a deal to help Indian conglomerate Tata Group grow its hypermarket business.Source: Reuters: Money News | 12 Aug 2008 | 10:02 am Texmaco to hive off manufacturing business - Sify
Source: Google News India - Business | 12 Aug 2008 | 9:43 am Inflation likely to touch 13-14% by Oct: ABN Amro Chief - Business Standard
Source: Google News India - Business | 12 Aug 2008 | 9:41 am BSNL hopeful of winning union nod for IPONEW DELHI (Reuters) - State-owned phone company Bharat Sanchar Nigam Ltd (BSNL) is hopeful of getting its unions on board for its proposed IPO, which could raise up to $10 billion in the country's biggest-ever share sale, its chairman said on Tuesday.Source: Reuters: Money News | 12 Aug 2008 | 9:38 am Software product biz to grow 7-fold - Sify
Source: Google News India - Business | 12 Aug 2008 | 9:31 am Sensex up 336 pts, closes at 15504 !The Bombay Stock Exchange benchmark Sensex on Monday surged by 2.22 percent on heavy buying by funds on realty, banking and refinery counters sparked by firming global trends.Source: Zee News : Business | 12 Aug 2008 | 12:01 am SEBI board unlikely to relax curbs on PNs!Market regulator SEBI`s board will take up the review of curbs imposed on Participatory Notes on August 13, but is unlikely to relax them, sources said.Source: Zee News : Business | 12 Aug 2008 | 12:01 am WTO chief Lamy visiting India to try to revive trade talks!Pascal Lamy, World Trade Organisation (WTO) Director General, will visit India on Tuesday in an attempt to revive the mini-ministerial trade talks that collapsed last month in Geneva.Source: Zee News : Business | 12 Aug 2008 | 12:01 am Panel for sharp hike in petrol price!The high-level Chaturvedi Committee has recommended raising petrol prices by Rs 2.50 a litre per month till March 2009 and diesel prices by Rs 0.75 per litre till 2010 to eliminate subsidies on the two fuels.Source: Zee News : Business | 12 Aug 2008 | 12:01 am No multiple trading codes to single client: FMC!Commodity market regulator Forward Markets Commission has directed national exchanges -- MCX, NCDEX and NMCE not to give multiple trading exposure to a single client from January 2009.Source: Zee News : Business | 12 Aug 2008 | 12:01 am BHEL wins 18th `Top Export Award` from EEPC!State-run power equipment maker Bharat Heavy Electricals on Monday said it has won the Top Export Award for large project exports -- the 18th time in a row -- from Engineering Export Promotion Council (EEPC).Source: Zee News : Business | 12 Aug 2008 | 12:01 am Central Bank hikes BPLR by one percent to 14 percent!State-owned Central Bank of India on Monday increased its benchmark prime-lending rate by one per cent to 14 percent with immediate effect.Source: Zee News : Business | 12 Aug 2008 | 12:01 am No official communication from RBI on SocGen JV: SBI!State Bank of India (India) on Monday said it has not received any official communication from the regulators, rejecting its proposed joint venture with French financial services major Societe Generale.Source: Zee News : Business | 12 Aug 2008 | 12:01 am Dabur Pharma gets proposal from Fresenius for jointly dev biz!Cancer drug manufacturer Dabur Pharma Ltd on Monday said it has approved the letter of intent for an alliance with Fresenius Kabi AG for jointly developing business.Source: Zee News : Business | 12 Aug 2008 | 12:01 am Next decade crucial for growth of Indian software: NASSCOM !NASSCOM, the premier trade body and `voice` of the Indian IT-BPO industry, released the findings of the `NASSCOM Software Product Study: Outlook for Indian Software Product Businesses` at its second annual Product Conclave, that kicked off in Bangalore on Monday.Source: Zee News : Business | 12 Aug 2008 | 12:01 am Bindra strikes more than goldNew Delhi/Mumbai, Aug. 11 When Abhinav Bindra comes home with India’s first individual Olympics gold medal, he can look forward to the adulation of a nation. ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am Chaturvedi panel favours differential pricing for dieselMoots auto fuel hike, phasing out of cooking fuel subsidy. The high-powered committee on financial position of oil companies headed by Mr B K Chaturvedi, while proposing a constant price hike on auto fuels over a period, has also suggested a ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am KEC International setting up 400 telecom towers in rural areasSignificant growth in demand seen. Mumbai Aug. 11 KEC International, part of the Rs 13,500-crore RPG Group, engaged in laying of power transmission lines on EPC basis globally, is broadening its business canvas to get into installation of ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am Television Eighteen India (Rs 249.1): BuyWe recommend a ‘buy’ in Television Eighteen India from a short-term horizon. From the charts of the stock we note that its intermediate-term downtrend, which began from the early January high of Rs 599 ended at the 52-week low of Rs ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am L&T expects defence biz to grow with change in procurement normsOverseas suppliers to have value addition from India cos. Chennai, Aug 11 Larsen & Toubro Ltd expects to benefit from the changes to the defence procurement procedure that will come into effect shortly, with more manufacturing ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am P-Notes back on SEBI agendaBoard meeting tomorrow; relook at certain restrictions on FIIs likely. New Delhi, Aug. 11 Participatory Notes are once again on the agenda of the capital market regulator, with the Securities and Exchange Board of India (SEBI) set to begin a ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am Set up bourse for small cos: Knowledge panelNew Delhi, Aug. 11 The National Knowledge Commission, chaired by Mr Sam Pitroda, today suggested establishing a stock exchange for small companies, and creating instruments to enable the firms to raise initial ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am SBI hikes PLR to 13.75%Mumbai, Aug. 11 State Bank of India, the country’s largest bank, has hiked its Benchmark Prime Lending Rate by one percentage point from August 12. ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am Public general insurers for total capital rejigWith the Group of Ministers (GoM) due to meet this week on amendments to the insurance statute, the four public sector insurance companies have made out a case for complete capital ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am Idea may take Rs 350-cr hit on Spice equity buyDoT won’t refund fee for surrender of licences. New Delhi, Aug. 11 Aditya Birla Group-backed Idea Cellular may lose as much as Rs 350 crore if it wants to fructify its proposed acquisition of equity stake in Spice Communication. ...Source: Business Line - Home Page | 12 Aug 2008 | 12:00 am Ross, Goldman to invest $100m in SpiceJetUS private equity investor Wilbur Ross and Goldman Sachs will invest $100 million (around Rs 420 crore) in Indias second-biggest budget carrier SpiceJet under a definitive agreement signedSource: Business Standard | Front Page Headlines | 11 Aug 2008 | 6:59 pm Abhinav Bindra becomes a golden business opportunityAce shooter Abhinav Bindra created history this morning when he hit the bulls eye more frequently than his Chinese and Finnish rivals and won India its first individual Olympic gold medal.??TheSource: Business Standard | Front Page Headlines | 11 Aug 2008 | 6:57 pm SBI raises PLR 100 basis ptsNearly two weeks after the Reserve Bank of Indias latest monetary-tightening measures, the countrys largest lender, State Bank of India, raised its benchmark prime lending rate (PLR) 100Source: Business Standard | Front Page Headlines | 11 Aug 2008 | 6:56 pm
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