(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.
Monday, June 30, 2008
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.
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