(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.
Saturday, May 31, 2008
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
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