(MUMBAI) India's central bank kept its policy rates unchanged this week and called on banks to pass on the benefits of its aggressive monetary easing of the past few months to help shore up the slowing economy.
Friday, January 30, 2009
Thursday, January 29, 2009
Indian retail group in talks with Carrefour
(NEW DELHI) India's largest retailer Future Group is in 'advanced talks' with Europe's largest retailer Carrefour for a joint venture to set up cash-and-carry outlets in India, a report said yesterday.
Wednesday, January 28, 2009
Larsen & Toubro may raise its stake in Satyam to 15%
(MUMBAI) Larsen & Toubro Ltd, India's biggest engineering company, may lift its holding in fraud-hit software maker Satyam Computer Services Ltd to 15 per cent because it expects the value to increase, Larsen chairman AM Naik said.
Monday, January 26, 2009
Indian critics praise 'Slumdog', audience's reaction mixed
(MUMBAI) Slumdog Millionaire received rave reviews from Indian critics last after it went on general release across the country, but was given a more mixed response from audiences.
Sunday, January 25, 2009
India bans toy imports from China for 6 months
(NEW DELHI) India on Friday banned imports of several types of toys from China for six months without saying why, a move that pleased local manufacturers but shocked importers.
Friday, January 23, 2009
India may cut rates as inflation stays low
(NEW DELHI) India's inflation held near an 11-month low, stoking speculation the central bank will next week cut interest rates for the fifth time since October.
Thursday, January 22, 2009
US regulator probes Satyam
(NEW YORK) The US Securities and Exchange Commission (SEC) is investigating whether India's Satyam Computer Services Ltd misled investors in an alleged US$1 billion accounting fraud, two people familiar with the matter said.
Tuesday, January 20, 2009
India widens probe to cover 2 firms linked to Satyam
(BANGALORE) The Indian government yesterday widened its probe to two firms linked to Satyam Computer Services Ltd's jailed founder.
Monday, January 19, 2009
Faulty gene condemns millions in India to heart disease: study
(PARIS) Tens of millions of people from the Indian subcontinent are destined to suffer heart disease due to a single genetic mutation, according to a study released on Sunday.
Friday, January 16, 2009
Indian govt may not bail out fraud-hit Satyam
(HYDERABAD) India's government is not considering bailing out Satyam Computer Services, and the fraud-hit outsourcing firm may have to turn to banks, many of them state-run, if it needs funding.
Wednesday, January 14, 2009
A royal ride
GUESTS at the Swarna Mahal dining coach of the new luxury train Royal Rajasthan on Wheels.
Tuesday, January 13, 2009
Infosys beats forecasts with 33% rise in Q3 earnings
(BANGALORE) India's second largest software exporter, Infosys, beat market expectations yesterday by posting a 33 per cent rise in consolidated third quarter net profit, aided by a weaker rupee.
Monday, January 12, 2009
Remittances hit as construction in Dubai slows
(DUBAI) As signs of a deep downturn in this Gulf city's once-buoyant property market multiply, those migrant workers who aren't forced to return are having problems sending money home, and their declining remittances may be a significant drag on the economies of South Asia.
Sunday, January 11, 2009
M&A deals on Indian family businesses overvalued: Actis
(LONDON) Indian family businesses are still overvalued by 20 to 30 per cent, while the best value is to be found in China, Brazil and sub-Saharan Africa, a partner at a leading emerging markets private equity firm said.
Thursday, January 8, 2009
Time Warner hit by US$25b AOL writedown
(NEW YORK) One year from now, almost to the day, will mark the 10th anniversary of the announcement of what could be the worst corporate marriage in history, the union of America Online and Time Warner.
Wednesday, January 7, 2009
Weight curb costs 10 hostesses their jobs
INDIA'S flagship carrier Air India (AI) has taken the Aviation Ministry's directive to 'cut flab' quite literally.
Monday, January 5, 2009
Indian bank shares rally on rate cuts
(MUMBAI) Indian bank shares rallied yesterday as deep rate cuts were seen boosting earnings by reducing consumer defaults and improving income from treasury operations.
Sunday, January 4, 2009
India's costly cricket game cancellations
(NEW DELHI) India's cricket board has lost almost US$25 million from the scrapping of two one-day games against England and the cancellation of the 2008 Champions Trophy and this month's tour to Pakistan.
Friday, January 2, 2009
Indian hotels fight slowdown with freebies for tourists
IF YOU'RE planning an Indian vacation soon, there couldn't be a better time.
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