(MUMBAI) Shares in Satyam Computer Services jumped for the third day on Wednesday on speculation of private equity interest and a management change, while one of its largest investors said it could sell its stake in the outsourcer.
Wednesday, December 31, 2008
Tuesday, September 9, 2008
Tata: Some delay in projects but no pullouts
(SINGAPORE) Tata Consultancy Services Ltd (TCS), India's top software services exporter, said that it had seen some delays from clients but no project cancellations despite a weakening macro-economic backdrop.
Thursday, August 14, 2008
Interest rates near peak, says bank chief
(NEW DELHI) Interest rates in India have almost peaked, the chairman of State Bank of India, the country's top lender, said yesterday, a day after it raised its prime lending rate by one percentage point.
Tuesday, July 29, 2008
Mumbai police launch manhunt for bombers
(MUMBAI) Police launched a massive manhunt in India's financial capital yesterday, believing that the deadly blasts that rocked the western Indian city of Ahmadabad over the weekend were hatched in a Mumbai suburb. Four cars used in the bombings were stolen in the suburb of Navi Mumbai - 'New Mumbai' - police said.
Sunday, July 27, 2008
SBI beats profit calls, ICICI in surprise fall
(MUMBAI) State Bank of India (SBI) beat forecasts with a 15 per cent rise in quarterly profit as other income more than doubled, but its private sector rival ICICI Bank posted an unexpected fall in profits after its bond and equity portfolios lost value.
Saturday, July 26, 2008
UBS cuts growth forecast
(MUMBAI) UBS yesterday cut its forecast for Indian economic growth in 2008/09 to 7.1 per cent from 7.7 per cent earlier, as high inflation and rising interest rates bite into consumer spending.
Thursday, July 24, 2008
Tata open to Fiat selling Nano cars
(TURIN) Indian carmaker Tata Motors Ltd is open to Italy's Fiat helping to sell the ultra-cheap Nano model overseas, chairman Ratan Tata said on Tuesday.
Tuesday, July 22, 2008
Telcos Bharti and Reliance set to post stellar profit
(NEW DELHI) India's top mobile operators Bharti Airtel and Reliance Communications are set to report quarterly profit jumped by a quarter as they ride a boom in the world's fastest growing mobile market.
Monday, July 21, 2008
Reliance and SAfrica's MTN end merger talks
(MUMBAI) Reliance Communications, India's second-largest mobile phone operator, and South Africa's MTN Group have ended discussions to combine their operations following threats from Reliance Industries to block the transaction.
Friday, July 18, 2008
UBS lops 21% off its year-end Sensex call
(MUMBAI) UBS AG has cut its estimate for India's Sensitive Index by 21 per cent on concern that high commodity prices would prompt the central bank to raise interest rates to tame inflation.
Wednesday, July 16, 2008
Force India boss stays upbeat on team's 2009 F1 race
(PARIS) Force India boss Vijay Mallya believes his team will make a major impact in 2009 despite a sobering introduction to the Formula One world championship this season.
Tuesday, July 15, 2008
US accuses Ranbaxy of falsifying data
(MARYLAND) The United States is probing whether India's Ranbaxy Laboratories destroyed reports it was required to keep, falsified data and failed to meet quality control specifications in manufacturing its generic drugs.
Sunday, July 13, 2008
Man Group to invest in energy projects
MAN Group, the independent UK hedge fund firm with US$80 billion under management, has teamed up with Abu Dhabi to invest directly in energy and environmental projects.
Saturday, July 12, 2008
Profit growth slows for Infosys in Q1
(BANGALORE) Infosys Technologies Ltd, India's second-largest software-services provider, reported first-quarter profit growth slowed after widening credit-market losses prompted US banking clients to delay orders.
Friday, July 11, 2008
India seen limiting IAEA oversight
(VIENNA) India wants to place conditions on the right of the International Atomic Energy Agency to oversee its civilian nuclear programme, according to a confidential document obtained by The Associated Press.
Thursday, July 10, 2008
India monetary policy still loose, say economists
(MUMBAI) Indian monetary policy is still loose despite a burst of interest rate increases and economists say the central bank needs to train its sights on inflation alone rather than juggle growth, the currency and price stability.
Wednesday, July 9, 2008
Major reforms unlikely, even as Left's exit looms
(NEW DELHI) Having lost the shackles of its communist allies that stymied years of economic reforms, India's government finally has political space to push for change.
Tuesday, July 8, 2008
Reliance, MTN may extend talks: report
(PHILADELPHIA) South African mobile phone operator MTN Group Ltd and India's Reliance Communications Ltd may continue their tie-up talks beyond today's deadline, the Wall Street Journal reported on Sunday.
Monday, July 7, 2008
Thousands uprooted by flash floods
(GUWAHATI, India) Flash floods triggered by heavy monsoon rains have washed away thousands of homes and displaced more than 50,000 people in India's northeastern state of Assam, officials said yesterday.
Sunday, July 6, 2008
Coalition in shake-up over nuclear deal with US
(NEW DELHI) India's coalition government was undergoing a major shake-up yesterday with the dominant Congress party to push ahead with a controversial nuclear deal with the United States and ditch left-wing allies.
Saturday, July 5, 2008
Inflation accelerates to fastest in 13 years
(NEW DELHI) India's inflation accelerated to the fastest pace in more than 13 years, strengthening the case for the central bank to increase borrowing costs this month.
Friday, July 4, 2008
Rains 21% above average this season
(MUMBAI) India's monsoon, which accounts for four-fifths of the nation's annual rainfall, has been 21 per cent above average so far this season, boosting sowing of soybeans, rice and corn, the weather office said.
Thursday, July 3, 2008
India truck strike drives up food prices
(MUMBAI) Truckstops across India were at a standstill yesterday as many lorry drivers nationwide staged a strike over rising fuel bills, raising fears that it could force up food prices and dampen commerce.
Wednesday, July 2, 2008
India needs to tighten monetary policy: IMF
(WASHINGTON) International Monetary Fund (IMF) said India needs to tighten its monetary policy, so the country could feed their people and maintain economic stability if the surging food and fuel prices continue to hike.
Communist pullout from coalition hinges on PM's G-8 summit decision
(NEW DELHI) Angry about a civilian nuclear deal with the United States, India's main communist party said that it could withdraw support for the government if Prime Minister Manmohan Singh makes what is seen as a symbolic trip to a G-8 summit.
Tuesday, July 1, 2008
AT&T close to buying Maxis' 74% stake in Aircel: report
(MUMBAI) Top US phone company AT&T Inc is close to buying Malaysia's Maxis Communications' 74 per cent stake in Indian mobile operator Aircel, The Economic Times said yesterday, citing unnamed sources.
Monday, June 30, 2008
99 firms bid for 57 oil, gas fields offered by India
(NEW DELHI) BHP Billiton Ltd, the world's largest mining company, BP plc and BG Group plc were among 99 firms that bid for rights to drill in oil and gas areas in India as the South Asian nation seeks to boost petroleum production.
Sunday, June 29, 2008
Congress Party told to prepare for elections
(NEW DELHI) The leader of India's ruling Congress party, Sonia Gandhi, has asked senior members to prepare for elections, her party said yesterday, indicating the possibility of early polls.
Carmakers zoom in to make Chennai the 'Detroit of India'
(ORAGADAM, India) On a dusty sun-baked field, in a ceremony presided over by a chanting Brahmin priest tossing water and rice, the Japanese carmaker Nissan Motor made a bold step into the Indian car market.
Saturday, June 28, 2008
Eminent Indian army chief dies at 94
(NEW DELHI) India's most celebrated army chief, Field Marshal Sam Hormusji Framji Jamshedji Manekshaw, has died, the defence ministry said. He was 94.
Friday, June 27, 2008
wholesale price
You're probably here looking for I-Pods, X-Boxes, PlayStations, Nintindo WIIs, and laptop computers. We can help you find these items. The problem is someone always seems to be willing to sell for les...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=891435
Thursday, June 26, 2008
Govt, communist allies heading for split
(NEW DELHI) After more than four years of alliance, the Indian government and its communist allies appear closer than ever to a split over a civilian nuclear deal with the United States, which could spark early general elections.
Wednesday, June 25, 2008
Idea Cellular to buy 40.8 per cent of Spice Communications
(BANGALORE) Idea Cellular Ltd, India's fastest-growing major mobile-phone carrier, will buy Spice Communications Ltd in cash and stock to compete against Bharti Airtel Ltd in the world's second-largest wireless market.
Anil Ambani eyeing coal-to-fuel blocks: report
(MUMBAI) India's Anil Dhirubhai Ambani Group (ADAG) is looking to bid for mines that will be used to convert coal to liquid fuel, the Mint newspaper reported yesterday, citing an unnamed group official.
Tuesday, June 24, 2008
ArcelorMittal agrees to acquire Mid Vol Coal Group
(LONDON) ArcelorMittal, the world's biggest steelmaker, has agreed to buy Mid Vol Coal Group of West Virginia to increase its control over coking coal supplies after prices rose to a record high.
Monday, June 23, 2008
India's growth outstrips its ability to feed itself
(JALANDHAR, India) With the right technology and policies, India could help feed the world. Instead, it can barely feed itself.
Sunday, June 22, 2008
Indians fear repeat of 1990s as inflation soars
(NEW DELHI) With inflation shooting to a dizzying 13-year high, Indians are wondering whether they're watching a rerun of an old horror movie they'd rather not see again.
Saturday, June 21, 2008
Tea exports may rise 28% this year on Kenyan shortfall
(MUMBAI) Tea exports from India, the world's largest producer, may rise 28 per cent this year after drought cut output in Kenya and Iraq renews purchases of low-priced tea from the South Asian country.
Domestic airfares rise by up to 3,000 rupees
(NEW DELHI) Air travellers will have to pay more from yesterday as major airlines on Thursday announced an increase of up to 3,000 rupees (S$95) in their base fares for domestic sectors, Press Trust of India reported.
Friday, June 20, 2008
Small cars rev up big debate on how green they are
(MUMBAI) Shweta Kumari is waiting impatiently for Tata Motors' new Nano to hit Mumbai's car showrooms later this year.
Thursday, June 19, 2008
Indian govt issues guidelines on cellphone usage
THE Indian government has acted on reports which suggest that mobile phones can cause health problems.
Wednesday, June 18, 2008
Reliance increases Saudi crude oil imports
(SINGAPORE) Reliance Industries Ltd, India's biggest company, is increasing crude oil imports from Saudi Arabia as it seeks to secure supplies because of rising demand for fuel in India and the rest of Asia.
Tuesday, June 17, 2008
Anil's global ambitions kindles Ambani feud
(NEW DELHI) The feud between India's Ambani brothers, two of the world's richest men, has been rekindled by Anil Ambani's global ambitions and could become as bitter as the one that split their massive business empire in 2005.
Unitech scraps S'pore Reit share sale
(MUMBAI) Unitech Ltd, India's second-biggest property firm, scrapped plans for a US$600 million sale of shares in a real estate investment trust (Reit) in Singapore, joining rival DLF Ltd in shunning equity markets after stocks plummeted.
Monday, June 16, 2008
India's latest moves to cap inflation may fail
(NEW DELHI) India's latest measures to contain inflation, which has accelerated to a seven-year high, may not be enough to stop it from accelerating beyond 10 per cent.
Sunday, June 15, 2008
Ranbaxy deal may spark buyout of more Indian firms
(MUMBAI) Daiichi Sankyo's US$4.6 billion bid for control of India's Ranbaxy Laboratories Ltd could be the trigger for foreign pharmaceutical companies to step up the hunt for low-cost Indian drug makers for fear of being left behind.
Saturday, June 14, 2008
Pfizer may bid for 65% stake in Ranbaxy: paper
(MUMBAI) Pfizer Inc, the world's largest drugmaker, may bid for the 65 per cent stake in Ranbaxy Laboratories Ltd not held by the founding family, the Business Standard said, citing people familiar with the matter.
Friday, June 13, 2008
Inflation in India hits 7-year high at end-May
(NEW DELHI) Indian inflation raced to its highest in seven years at the end of May and could top 10 per cent this month as higher fuel prices feed in, stoking speculation of more central bank tightening after this week's rate hike.
Thursday, June 12, 2008
Rate hike comes too late to halt rupee dip: Calyon
(MUMBAI) India's interest rate increase on Wednesday has come too late to check a slide in the rupee because of accelerating inflation, according to Calyon.
No plans to sell India telco stake, says TM Int'l
(KUALA LUMPUR) Malaysian mobile phone firm TM International has no plans to sell its stake in India's Spice Communications, a company executive told Reuters yesterday, as industry consolidation in the world's fastest-growing market gains momentum.
Wednesday, June 11, 2008
BPTP woos investors for Delhi project
(HONG KONG) BPTP Ltd, which clinched India's biggest land deal for US$1.2 billion in March, is looking for investors for a city it plans to build near New Delhi.
Tuesday, June 10, 2008
Govt 'unable' to use rupee gains to curb inflation
(NEW DELHI) India's widening current account deficit and slowing capital inflows from overseas have denied policy-makers the option of letting the rupee gain to curb inflation, according to Fitch Ratings.
Monday, June 9, 2008
Gated isles of bliss blossom amid slums
GURGAON, India) - WHEN the scorch of summer hit this north Indian boomtown, and the municipal water supply worked only a few hours each day, inside a high-rise tower called Hamilton Court, Jaya Chand could turn on her kitchen tap around the clock, and water would gush out.
Sunday, June 8, 2008
Mumbai slum dwellers face ruin in redevelopment blitz
(MUMBAI) Prakash Kajuri is asset rich but cash poor. The Mumbai courier earns about US$6 a day delivering packages in India's most populous city but his home is sitting on land worth about US$2 million
Saturday, June 7, 2008
Higher farm output to curb inflation
(NEW DELHI) India's central bank governor Yaga Venugopal Reddy said prospects of higher farm output and curbs on food exports will help contain inflation, playing down chances of an interest rate increase.
Govt plans cost-cutting steps to save 60b rupees
(NEW DELHI) India's government proposes to save as much as 60 billion rupees (S$1.9 billion) by cutting spending on administrative expenses and foreign travel by ministers and top bureaucrats as part of a cost-saving exercise. All ministries are advised to cut spending by 5 to 10 per cent, Sushma Nath, expenditure secretary in the ministry of finance, said on Wednesday. The government will meet the year's Budget deficit target, she said.
Friday, June 6, 2008
Leftists protest in three states
(KOLKATA) Strikes shut down transport, businesses and schools in three communist-run Indian states yesterday after a rise in fuel prices, but there was little sense of real fury against the government.
Thursday, June 5, 2008
Expertise trumps cash in China
(BEIJING) Expertise can be more important than cash when it comes to winning investments in China, managers of four of the world's biggest buyout firms said on Tuesday.
Wednesday, June 4, 2008
Reliance Comm, MTN doing due diligence
(MUMBAI) India's Reliance Communications and South Africa's MTN have begun due diligence as they inch closer to creating a global top-10 telecoms firm, a source close to the development said here yesterday.
India minister's China visit to focus on trade
(NEW DELHI) India's foreign minister visits China this week, under pressure at home for 'appeasing' his country's powerful northern neighbour over a long-running border dispute and over Tibetan protests.
Tuesday, June 3, 2008
Bennett Coleman acquires Virgin Radio for £53.2m
(NEW DELHI) An Indian media conglomerate that owns The Times of India, the world's largest-circulation English newspaper, has agreed to buy Virgin Radio Holdings for £53.2 million (S$142.3 million) in its first foreign acquisition.
Monday, June 2, 2008
World Bank carbon credits report revealing for India
A RECENT report by the World Bank (WB) on carbon credits (CC) under the Kyoto Protocol has been both a cause for cheer and concern for India.
Sunday, June 1, 2008
Delhi to consider KL rice request after harvest
(MUMBAI) India, the world's second largest rice producer, will wait until its summer crop is harvested before deciding on Malaysia's request for purchase of rice to build up its grain stockpile.
Saturday, May 31, 2008
MTN plans swap deal for 74% of Reliance Comm
(MUMBAI) South Africa's MTN and Reliance Communications are discussing a deal in which MTN would take a 74 per cent stake in India's No 2 mobile operator in a cash and stock swap deal, the Economic Times said yesterday.
GDP grows at slowest pace since '05 on inflation woes
(NEW DELHI) India's economic growth held at the weakest pace since 2005 as the highest interest rates in six years discouraged consumer spending and investment.
Friday, May 30, 2008
Panel unveils guidelines for forex futures
(MUMBAI) An Indian panel on Thursday recommended the introduction of exchange-traded currency futures as a way of developing the country's foreign exchange markets, although foreigners would not be able to trade the derivatives.
Thursday, May 29, 2008
Ethnic group in protests over college, job quotas
(NEW DELHI) Thousands of protesters from an ethnic Indian group burned tyres and blocked roads leading to New Delhi yesterday, taking a battle for college and government job quotas in which dozens have died closer to the capital. Huge traffic jams formed on highways leading into the capital. Some train services to towns outside Delhi, including several tourist destinations, were also suspended.
Suitors face finance hurdles
(NEW DELHI) MTN suitors are facing a major problem as US bankers have made it clear they cannot finance the acquisition/merger of the South African telco until it spins off or demerges its businesses in at least four countries, according to a report in the Business Standard.
Wednesday, May 28, 2008
Bharti eyeing smaller deals after MTN miss
(NEW DELHI) Bharti Airtel's failure to woo South Africa's MTN Group may be a missed opportunity, but India's top mobile operator will still seek buys overseas as it looks to export its low-cost, high-volume model.
Tuesday, May 27, 2008
India to decide on fuel price rise soon
(NEW DELHI) India will take a decision soon on whether to raise petrol and diesel prices, a senior oil ministry official said yesterday, as it struggles to ease losses at state oil firms without adding to inflation or alienating voters.
The Blind Beggar
I have a friend who just doesn't seem to run out of funny stories. Although this story is simply a humorous one, it is not intended to hurt anyone - but it is simply related to provide humor.
The se...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=938017
Monday, May 26, 2008
Reliance Comms in talks with SAfrica's MTN
(MUMBAI) Reliance Communications, India's No. 2 mobile operator, has started exclusive talks with South Africa's MTN Group that could create a US$63 billion telecoms giant, knocking shares in both companies down sharply.
Sunday, May 25, 2008
More Brazilians spending, economy not hit by US woes
(SAO PAULO) Consumers in the United States are tightening their belts; Brazilians are spending like there's no word in Portuguese for recession.
Eureka, Arcata both on the path to mandatory <b>recycling</b>
As Eureka moves closer to implementing its mandatory recycling plan, Arcata is close behind with a similar plan to increase diversion rates and reduce illegal dumping.
Source: http://www.times-standard.com/localnews/ci_9375696?source=rss
Saturday, May 24, 2008
India set to raise fuel prices
(NEW DELHI) India is set to raise petrol and diesel prices to keep pace with crude oil's record run but the move will fuel inflation, heaping more pressure on a government struggling to calm prices ahead of elections.
Friday, May 23, 2008
New Bangalore airport opens today, finally
(BANGALORE, India) For years, frequent fliers in India's technology hub complained bitterly about having to suffer the indignities of a tattered and tiny airport scrunched in the middle of a busy city neighbourhood.
Communists lose votes over land seizures
(KOLKATA) The ruling communists in the Indian state of West Bengal have suffered election setbacks in two districts where their controversial seizure of agricultural land for industry lost them support from thousands of poor farmers.
Thursday, May 22, 2008
Villa <b>Trapp</b> to reopen as a hotel
Georg von Trapp and his family used to live in this house from 1923 till their emigration to the US in the late 1938. The original von Trapp family home will be reopened as a hotel in July to give people for around 100 euros ($155) a ...
Source: http://theossanctuary.blogspot.com/2008/05/villa-trapp-to-reopen-as-hotel.html
Wednesday, May 21, 2008
Large tractor loans overdue: State Bank of India
(MUMBAI) State Bank of India, the country's biggest bank by assets, said on Tuesday that its non-performing loans in agriculture have risen significantly as a result of large overdue tractor loans.
Life insurance cover 'a victory' for sex workers
(KOLKATA) Sex workers in India now have the option of taking out life insurance cover - a move they hope will speed up their bid to legalise the profession, a charity said on Monday.
Tuesday, May 20, 2008
Ambani firm inks US$1b Hollywood filmmaking deal
(NEW DELHI) Reliance Big Entertainment said on Sunday it had signed deals with the production houses of top Hollywood stars such as Brad Pitt and George Clooney to make films worth about US$1 billion.
Monday, May 19, 2008
Foreign banks face RBI probe
(MUMBAI) The Reserve Bank of India (RBI) scanner on banks with exposures to exotic derivatives has now turned to several high-profile foreign banks, according to a report in Business Standard.
HSBC to acquire Indian broker
(MUMBAI) HSBC said last Saturday that it will acquire 73.21 per cent of Indian brokerage IL&FS Investsmart in an all-cash deal for US$261 million to boost its presence in the growing domestic market.
Sunday, May 18, 2008
Magazine industry thriving on foreign momentum
(MUMBAI) When Conde Nast launched its premium lifestyle magazine Vogue in India last year, it carried a whopping 168 pages of advertisements of a total 400 pages.
Saturday, May 17, 2008
Asparagus <b>Frittata</b> Recipe
My father got bit by the frittata bug this week and made these for us for lunch a few days ago. This is a quick and easy, no-nonsense recipe that makes a terrific frittata in hardly any time at all. ...
Source: http://diet-fitness-health-weightloss.blogspot.com/2008/05/asparagus-frittata-recipe.html
Real estate funds set to debut in India
(MUMBAI) India's booming fund industry is about to get even hotter with the launch soon of real estate mutual funds, which will make pricey property investments affordable to millions.
Friday, May 16, 2008
India's inflation rate rises to highest in 3.5 years
(NEW DEHLI) India's inflation rate unexpectedly rose to the highest in three and a half years, adding pressure on the central bank to raise borrowing costs further to tame prices.
Thursday, May 15, 2008
Cement makers cut prices to combat inflation
(NEW DELHI) India's cement makers pledged on Wednesday to cut prices to help the government curb inflation, which is running at a three-and-a-half-year high.
Indian telecoms tycoon makes overseas call
(MUMBAI) When Indian billionaire Sunil Bharti Mittal opened the first of his group's retail stores in April, he chose his hometown of Ludhiana in Punjab state, where as a young man he had started a business making bicycle parts.
Wednesday, May 14, 2008
Police impose curfew to check violence
(JAIPUR) Police imposed a day-long curfew in the western Indian city of Jaipur yesterday to prevent any retaliatory violence after a series of blasts in crowded areas left at least 80 people dead.
Tuesday, May 13, 2008
Council rejects transfer station bid
Representatives from the current facility operator, Waste Management, successfully made their case to the Council that there were issues with the bid process which led to them not submitting a proposal. "I don't know if Council actually ...
Monday, May 12, 2008
India's factory output up at slowest pace since '02
(NEW DELHI) India's industrial production grew at the slowest pace since 2002 as borrowing costs at a six-year high discouraged consumers from buying cars, motorcycles and other goods.
Bangladesh to reopen talks on Tata's investment
(DHAKA) Bangladesh's military-backed government was due to reopen negotiations with Indian conglomerate Tata yesterday on the group's record US$3 billion investment plan, officials said.
Sunday, May 11, 2008
Practical Homeshooling Tips - Home Schooling Syllabus That's Pre-packed
Home school is your definite choice. Then how you get the best Syllabus? Pre-packaged syllabuses are galore for home schools. The best thing that comes across with regards to homeschooling is that...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=914772
Saturday, May 10, 2008
Big Indian firms embarking on acquisition spree
(MUMBAI) Bharti Airtel's overtures towards South African telco MTN Group, which could lead to India's biggest foreign takeover, are a sign that big Indian firms are hungry for deals and undaunted by a global credit crisis that has dented merger and acquisition (M&A) activity around the world.
Friday, May 9, 2008
Soaring prices a big issue in Karnataka poll
(BANGALORE) Sonia Gandhi's ruling Congress party heads this weekend into its first electoral battle over runaway prices as it attempts to wrest back a former state stronghold in southern India.
Thursday, May 8, 2008
Adulterated fuel wastes subsidies, chokes cities
(MUMBAI) At a kiosk on the Trichy-Tanjore highway, one of southern India's main trucking routes, drivers of motorised rickshaws, scooters and vans belching black smoke line up to buy water bottles filled with a green liquid.
No plans to set up sovereign wealth fund at present: minister
(NEW DELHI) The Indian government has no immediate plans to establish a sovereign wealth fund (SWF), Finance Minister Palaniappan Chidambaram said, the Business Standard reported yesterday.
Wednesday, May 7, 2008
India can ease food worries: economist
(NEW DELHI) India, now under scrutiny due to rice export curbs and growing consumption that have helped drive grain prices to record highs, could help ease global food security fears, the country's most revered rural economist said.
Tuesday, May 6, 2008
Hinduja family plan investment spree
(LONDON) India's Hinduja family is planning investments worth about US$50 billion in India and abroad over the next five years, the Financial Times reported on Monday.
Task force on food productivity
(NEW DELHI) India's industry body CII is setting up a task force to chalk out measures for increasing agricultural production and improving distribution network to tackle rising food prices, the Press Trust of India reported.
Monday, May 5, 2008
India enjoys record US$24.57b foreign investment inflows
(NEW DELHI) India got a record US$24.57 billion of foreign direct investment in the fiscal year to March 31, helped by government policies that allowed foreign companies higher stakes in local units.
Sunday, May 4, 2008
State Bank of India posts 26% rise in quarterly net profit
(KOLKATA) India's top lender, State Bank of India, posted a better-than-expected 26 per cent rise in quarterly net profit as access to low-cost funds helped cushion tighter margins and nudged its shares up more than 3 per cent.
Cheerleaders not welcome in conservative India
(NEW DELHI) The foreign cheerleaders were brought in to show India's cricket fans how to shake their pompoms - but not everyone was impressed.
Saturday, May 3, 2008
Amitabh Bachchan to play Bangladesh founder
(DHAKA) Bollywood megastar Amitabh Bachchan and his celebrity family members have all tentatively agreed to take part in a film based on the life of Bangladesh's founding leader, Sheikh Mujibur Rahman, local media said on Thursday.
India's inflation rate highest in 3 1/2 years
(NEW DELHI) India's inflation accelerated at the fastest pace in more than three years, vindicating the central bank's decision to order commercial lenders to increase reserves twice last month.
Friday, May 2, 2008
India still the tortoise, China the hare Firm action is needed - this isn't the time to let political squabbling obstruct longer-term prosperity
SITTING in Mumbai traffic for two hours to travel a short distance is enough to shake even the most enthusiastic India bulls.
Shy 'crown prince' wades into political warfare
(NEW DELHI) Reluctant 'crown prince' Rahul Gandhi is finally getting his hands dirty in India's tumultuous politics after years of dithering about filling the boots of his illustrious forebears.
Thursday, May 1, 2008
Wednesday, April 30, 2008
Size of India's IT sector set to double by 2012
(BANGALORE) India's information technology and IT-enabled services industry will more than double in size by 2012, led by a fast-expanding domestic market, according to a report released yesterday.
Indian central bank hikes cash reserve ratio
(NEW DELHI) India's central bank yesterday unexpectedly ordered lenders to set aside more reserves for the second time in two weeks to tame runaway inflation.
Tuesday, April 29, 2008
India extends tax break for software companies
(NEW DELHI) India's Finance Minister Palaniappan Chidambaram yesterday extended the income tax exemption for software companies by a year to March 31, 2010. Software stocks rose.
10-satellite payload beats Russian record
(BANGALORE) An Indian rocket launched a record 10 satellites into orbit in a single mission yesterday, underlining the nation's emergence as a major competitor in the multi-billion-dollar space market.
Monday, April 28, 2008
Protests force New Delhi to shelve bus lane expansion
(NEW DELHI) India's capital has put the brakes on a grand project to speed up New Delhi's bus network which has caused massive traffic jams in the city of 18 million, officials said yesterday.
Sunday, April 27, 2008
India's population expected to reach 1.2b by 2011
(NEW DELHI) Indian Home Minister Shivraj Patil has said that the population is expected to reach 1.20 billion by 2011, according to a report posted on the website of the Indian Home Ministry last Friday. The minister made the prediction on Indian population on Thursday when he was inaugurating a two-day data users' conference for the 2011 census, organised by the Registrar General and Census Commission on Thursday.
Use CGI For Quality Websites
Few people now some of the newer terms used in Internet protocol request and guides. CGI is one of the largest culprits. CGI stands for Common Gateway Interface and deals directly with how and why a...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=218526
Saturday, April 26, 2008
Bharti posts 37% rise in profit
(NEW DELHI) Bharti Airtel, India's top mobile phone firm, reported yesterday that profit rose 37 per cent, beating estimates, after winning the most customers in a market that's poised to overtake the US as the second largest.
India likely to account for 60% of world's heart disease cases
(LONDON, PARIS) India, expected to account for 60 per cent of the world's heart disease cases by 2010, could prevent many deaths by ensuring the poor get better access to treatment, Indian and Canadian researchers said yesterday.
Friday, April 25, 2008
Inflation rate hits 7.33% as Indian central bank heads for rate review
(NEW DELHI) India's annual inflation rate held close to three-year highs above 7 per cent in mid-April, presenting the central bank with a dilemma of how to deal next week with rising prices and signs of slowing economic growth.
FTA with China not a priority for India
(NEW DELHI) The Indian government on Wednesday said that a free trade agreement with China was not a 'priority' for India due to 'deep divisions' within the government and opposition from the industry.
Thursday, April 24, 2008
India to lift foreign stake cap in defence industry
(NEW DELHI) India's defence ministry plans to raise the 26 per cent cap on foreign direct investment in the country's defence industry, a move aimed at attracting global military and aerospace companies to invest in the country.
Merrill, other banks sell US$13b debts
(NEW YORK) Investment banks including Merrill Lynch & Co, UBS and Wachovia Corp sold more than US$13 billion in new debt on Tuesday in a move to shore up their balance sheets.
Wednesday, April 23, 2008
India expects bumper rice, wheat harvests
(NEW DELHI) India, the world's second-biggest grower of rice and wheat, may harvest record crops after adequate rainfall and sunshine boosted yields, helping the government tame inflation that's near a three-year high.
India signals steps to contain rising prices
(NEW DELHI) India's federal government is planning to take several steps, including banning the exports of some commodities, to control the rising prices of food, cement and steel, Finance Minister P Chidambaram said yesterday.
Tuesday, April 22, 2008
India revises merger rules for telecoms sector
(NEW DELHI) India yesterday set revised rules for mergers amongst telecoms firms, restricting the market share of the joint entity to 40 per cent of the country's subscriber base.
Reserve hike will hit State Bank, ICICI most
(MUMBAI) State Bank of India and ICICI Bank Ltd, two of the nation's biggest banks, will be worst hit by the central bank's decision to increase the amount of cash they must hold with it, a Goldman Sachs Group Inc analyst said in a report.
Monday, April 21, 2008
New software orders lift Satyam Q4 profit 19%
(BANGALORE) Satyam Computer Services Ltd, India's fourth-largest software services provider, reported profit rose 19 per cent in the fourth quarter after the company won more software orders.
Gary Lineker backs plans for Gandhi statue in UK
(LONDON) Plans for a statue of Mahatma Gandhi in the British city of Leicester have got the backing of local football hero Gary Lineker - whom many wanted on the plinth instead.
Sunday, April 20, 2008
Richest cricket league kicks off
(BANGALORE) The world's leading cricketers will put aside national allegiances for six weeks from now as the Indian Premier League Twenty20 competition starts a new era where teams are owned by billionaires and businesses.
Reversing brain drain heralds new Indian era
THERE is increasing evidence that India is emerging as the hotspot for job seekers, both for fresh graduates and senior executives, further underlining what has been described as a 'reverse brain drain'.
Saturday, April 19, 2008
Banks ordered to set aside more reserves
(MUMBAI) India's central bank ordered banks to set aside more money to cool lending, adding to government efforts to rein in inflation running near a three-year high.
Friday, April 18, 2008
Wipro Q4 profit up 2% as revenue climbs 29%
(NEW DELHI) Wipro Ltd, India's third-largest software company, yesterday said its net profit for the January-March quarter rose 2 per cent from a year ago, buoyed against the slowdown in the US economy by growth in revenues from India, the Mideast and Asia Pacific.
Biggest India pension fund invites manager bids
(NEW DELHI) India's largest pension fund yesterday invited bids from fund managers to manage its flagship scheme, with a corpus of more than 1.56 trillion rupees (S$53 billion), an advertisement in the Times of India newspaper said.
Thursday, April 17, 2008
Inflation falls from 3-yr peaks
(NEW DELHI) Indian inflation fell from three-year peaks in early April, but many analysts expect it to hold up above 7 per cent in coming weeks, and persisting pressures could prompt the central bank to tighten cash conditions.
Gandi opera at the Met reaches out with help of yoga teachers, posters
(NEW YORK) On bus stops and phone kiosks throughout Manhattan, huge posters ask: 'Could an opera triumph where war never has?' It's a strange enough question to make pedestrians step closer.
Wednesday, April 16, 2008
Sistema gets radio spectrum for mobile networks
(DAVOS) AFK Sistema, Russian billionaire Vladimir Yevtushenkov's holding company, said it obtained enough radio frequencies to build mobile-phone networks in India capable of reaching 650 million people.
Herculiner In Progress.............
Here we go! Second cruiser I've herculined. Was really impressed with how the first one came out. Here's pics!! I'll post more later when it's all done. Attached Images.
Source: http://forum.ih8mud.com/60-series-wagons/216243-herculiner-progress.html
Tuesday, April 15, 2008
Infosys posts lower-than-expected profit
(BANGALORE) Indian software giant Infosys Technologies yesterday posted a lower-than-expected fourth quarter net profit as the US economic slowdown led clients in its biggest market to pare down spending.
Monday, April 14, 2008
Enough rice stocks, so India may ease export controls
(MUMBAI) Rice prices may have peaked after doubling this year and India, which curtailed exports to strengthen domestic supply, is likely to ease some controls on overseas sales, Indian traders and industry officials say.
Sunday, April 13, 2008
India bans cement exports, may put curbs on steel
(NEW DELHI) India has banned export of cement from Friday and was considering a similar move for steel, Trade Minister Kamal Nath confirmed on Saturday, as the government aims to calm inflation.
Saturday, April 12, 2008
IT firms' growth to slow on US economic woes
(BANGALORE) India's top software services companies are set to report modest rises in profits compared with the boom times of recent years as a sluggish US economy crimps outsourcing deals, and the sector's growth is set to slow further.
Carving a £1.7m niche in history
(LONDON) A gold encrusted dagger once owned by the Indian emperor who built the Taj Mahal has sold for more than £1.5 million (S$4.02 million) at an auction in London - three times its expected price.
Friday, April 11, 2008
Examination stress is killing Indian students
THE flip side of high growth, rising incomes and opportunities is taking a toll on Indian students.
A New Type of Mafia Story
In "Saraceno," Djelloul Marbrook has crafted an entirely new variety of gangster tale. The story of a Mafia hit man and his friend, the grandson of the godfather, as each searches for his own ...
Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=869754
How An XML Content Server Creates the Necessary Interoperability Within Your Business
The XML language is continuing to make strides as a standard within the World Wide Web. Even if your organization is not currently using http://www.goarticles.com/cgi-bin/showa.cgi?C=874797
Once booming India now faces inflation fears
(NEW DELHI) Months ago, the talk of India appeared to be shooting stock prices, brave business deals and cricket wins. Now, in a New Delhi vegetable market swarming with flies, chatter has turned more mundane, and angry, to rising prices.
Thursday, April 10, 2008
Central bank to unveil measures to curb inflation
(MUMBAI) India's central bank will announce measures to curb inflation, which has reached a three-year high, deputy governor Rakesh Mohan said. 'An apt and detailed response will be available in the annual policy,' Mr Mohan told reporters on Wednesday, in response to questions on inflation. 'We are constantly reviewing and analysing global and domestic developments as these are important.'
Student quota policy upheld by top court
(NEW DELHI) India's top court upheld a law setting aside more seats for the underprivileged at institutions such as the Indian Institutes of Technology and the Indian Institutes of Management, a move that had sparked student agitations in 2006.
Delhi mulling ways to check rising steel prices
(NEW DELHI) India is considering measures such as a cut in import duty on steel products to help contain prices, which have become a concern, newly appointed junior steel minister Jitin Prasada said on Tuesday.
Dubai telco eyes stake in Indian mobile firm
(DUBAI) Emirates Telecommunications Corp (Etisalat) said it is in talks with several Indian telecoms companies about making an acquisition before the summer to enter the world's second-largest mobile phone market.
World Bank clears loan to India coal-fired plant
(WASHINGTON) The World Bank approved financing for a US$4.2 billion coal-fired power plant in India on Tuesday despite calls by environmental groups to wait for further analysis of the costs and environmental impact.
Wednesday, April 9, 2008
BG to sell LNG in India, expand city gas business
(MUMBAI) Britain's BG Group plc will start selling imported liquefied natural gas (LNG) in India later this year, and is keen to expand its city gas business in the energy-starved country, the head of its Indian unit said.
February industrial output seen to have grown 7.9%
(NEW DELHI) India's industrial output in February is forecast to have grown an annual 7.9 per cent, rebounding from the previous month but still well below last year's highs due to a tight monetary stance.
Tata chairman planning to invest US$15b in Brazil
(BRASILIA) Ratan Tata, chairman of India's Tata Group, plans to invest about US$15 billion in Brazil, local media reported on Monday.
Tuesday, April 8, 2008
Africa, India cosy up as trade and politics top agenda
(NEW DELHI) India will ease access for exports from the world's poorest countries, Prime Minister Manmohan Singh said yesterday, as he opened a summit with African leaders with calls for fairer global economic and political representation.
Green groups seek delay on coal project
(WASHINGTON) Environmental groups called on the World Bank to delay a decision yesterday on funding for a US$4.2 billion coal-fired power plant in India until more analyses of costs and environmental impact are done. In a letter to the United States representative at the World Bank, Whitney Debevoise, six environmental groups said the bank could not effectively fight climate change while also funding high carbon-emitting projects, such as the 4,000-megawatt Tata Mundra coal project in Gujarat state.
Rising prices threaten supplies
(LONDON) From Cairo to New Delhi to Shanghai, the run on rice is threatening to disrupt worldwide food supplies as much as the scarcity of confidence on Wall Street earlier this year roiled credit markets.
India panel urges 100 small steps in financial reform
(MUMBAI) An Indian panel set up to analyse liberalisation of the financial sector to quicken growth in Asia's third-largest economy has suggested greater competition among banks, better regulation and the creation of new markets.
India plans 5m tonne strategic grain reserve
(NEW DELHI) The Indian government has decided to establish a strategic reserve of five million tonnes of food grains - over and above the buffer stock - to meet emergency situations due to domestic inflation and tightening wheat and rice prices in the global market, local newspaper The Hindu reported.
Central bank should shun rate rises
(MUMBAI) India should use measures that drain excess money from the financial system instead of raising interest rates, to curb inflation at a three-year high, said former central bank governor Bimal Jalan.
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