Business
 CNN-IBN | IIP to remain subdued due to high interest rates: Analyst Economic Times - 12 Jun, 2008, 2224 hrs IST, PTI MUMBAI: The Index of Industrial Production is expected to remain subdued during the months to come due to high interest rates, global business information service provider Dun & Bradstreet India said on Thursday. Industry looks up in April Chambers blame high interest rates for dip in industrial growth |
 Viet Nam News | Banking stocks feel repo heat Business Standard - Reacting to a hike in the repo rate or the rate at which the Reserve Bank of India lends money to banks, banking stocks fell by nearly 4 per cent in the first hour of trade as investors went short on the banking counters. Rupee gains 3.50 paise against a US dollar See short-term rally in India: DSP Merill Lynch |
 domain-B | RIL to become single largest gas producer Economic Times - 12 Jun, 2008, 1920 hrs IST, PTI MUMBAI: Mukesh Ambani-led Reliance Industries is all set to become the single largest gas producer in the country with a more than 50 per cent market share. RIL to sell gas at $25/bbl: Mukesh Ambani Reliance to create 5 lakh direct jobs |
 Maktoob Business (press release) | Ranbaxy Deal Sparks M&A Talk for Indian Pharma BusinessWeek - The historic acquisition of the country's largest pharma company, Ranbaxy Laboratories, by Japanese major Daiichi Sankyo may change the Indian pharmaceutical landscape forever. Daiichi Sankyo on ratings watch after Ranbaxy deal Glaxo also looked at Ranbaxy deal -sources |
 Earthtimes (press release) | Short covering, IIP sees Sensex finish higher Economic Times - MUMBAI: Stock indices ended in positive terrain on Thursday, after an initial selling spate, with heavyweights such as BHEL, State Bank of India, Larsen & Toubro and Reliance Industries leading the advance. Sensex witnesses counter rally, gains 65 points Markets rally on industry data, Sensex up 65 points |
 IndiaEduNews.net | IIMC to be made global media varsity: Dasmunsi Economic Times - NEW DELHI: The Indian Institute of Mass Communication (IIMC), the government-run institution of journalism and media studies, will be upgraded into an international media university to fulfill the growing demands of the booming sector, Information and ... Media excesses a major threat: Dasmunsi IIMC will be upgraded as international media university |
 Thaindian.com | Govt approves new fertiliser policy to lower prices Reuters India - NEW DELHI (Reuters) - The government has approved a new pricing scheme for fertilisers that will help lower prices of some varieties by an average 1416 rupees per tonne, Finance Minister Palaniappan Chidambaram said on Thursday. Four cos to benefit from fertiliser sop Fertiliser prices to fall: FM |
Tube Investments to launch electric scooters Economic Times - CHENNAI: Tube Investments of India Ltd, part of the Rs.95.82 billion ($2.3 billion) Murugappa group, inaugurated its new electric scooter plant here on Thursday. Tube Investments inaugurates eBikes Tube Investments launches eBikes |
 India Infoline.com | IFGL acquires Hofmann Ceramic of Germany Economic Times - KOLKATA: Kolkata-based IFGL Refractories Ltd (IFGL) has entered into an in-principle agreement for purchase of 96.16 percent stake of Hofmann Ceramic GmbH of Germany and 100 percent stake of Hofmann OHG. IFGL buys majority stake in German ceramic unit IFGL Refractories to acquire German company |
Bajaj Allianz Life collaborates with Thomas Cook India Moneycontrol.com - Thomas Cook, India’s largest provider of integrated travel solutions will now offer life insurance solutions of Bajaj Allianz Life Insurance, one of the leading private sector life insurance companies in India through its distribution network of 160 ... Thomas Cook ties up with Bajaj Allianz Bajaj Allianz Life Insurance Collaborates with Thomas Cook India |
 CNN-IBN | RBI to hear Sahara Ind Fin case tomorrow: Srcs Moneycontrol.com - By Gopika Gopakumar/CNBC-TV18 The Reserve Bank of India, or RBI, will be hearing Sahara India Financial's case again on Friday, sources said. Sahara chief meets RBI officials on SIFCL issue India cbank to hear Sahara case at 3 pm Thursday |
 MidwestBusiness.com | Esmark rejects Russians' takeover offer Forbes - AP 06.12.08, 1:00 PM ET Esmark Inc., which makes and sells steel products, has rejected a $670 million takeover offer from Russia's OAO Severstal, calling it inadequate. Bidding war for Esmark hots up Essar to increase Esmark offer by USD 2 per |
 Hindu Business Line | Monsoon ahead of schedule in NW India, Delhi: IMD Hindu - New Delhi (PTI): South-west monsoon is advancing across the country in much more smooth and rapid manner as compared to last year and is expected to cover northwestern parts, including Delhi, ahead of schedule. India Weather Report-Jun 12 Monsoon hits Nagpur even as systems weaken |
S&P may cut Anheuser-Busch rating on InBev offer Reuters - NEW YORK, June 12 (Reuters) - Standard & Poor's on Thursday said it may cut its ratings on Anheuser-Busch (BUD.N: Quote, Profile, Research) after InBev (INTB. Brewers' shares boosted by offer Recovery in banks, InBev deal boost Europe shares |
 CIOL | Indian IT cos outpace intl market growth rate Business Standard - PTI / New Delhi June 12, 2008, 19:52 IST Top six Indian IT companies - Satyam, Wipro, Infosys, TCS, Cognizant and HCL Technologies have outpaced market with strong growth rates. Gartner: Indian Outsourcers Gaining Global Share `Top Desi IT cos beat market growth’ |
 MSN India | Nath discusses Doha, bilateral trade with US Hindu - Washington (PTI): Commerce and Industry Minister Kamal Nath met US Treasury Secretary Henry M Paulson on Wednesday, within three days of a senior Bush Administration official accusing India of wrecking the Doha Round of trade talks. Kamal Nath, US leaders discuss WTO and bilateral issues Kamal Nath talks Doha with top US officials |
 Moneycontrol.com | Govt asks oil cos to cut ATF rates Moneycontrol.com - By Swati Khandelwal, CNBC-TV18 After meeting Prime Minister Manmohan Singh, Aviation Minister Praful Patel said state Finance Ministers will discuss the cut in sales tax on ATF on June 16. No takers for Praful Patel’s plea to rescue airlines Panel to help combat aviation fuel price rise |
 Earthtimes (press release) | NIIT recommends 65 pc dividend Economic Times - NEW DELHI: Talent development major NIIT Ltd Wednesday announced a dividend of 65 percent and a net profit of Rs.756 million ($18 million) for 2007-08. Genpact, NIIT form JV NIIT, Genpact in JV to train BPO staff |
Aegis Media to acquire stake in Communicate 2 Business Standard - PTI / Mumbai June 12, 2008, 19:21 IST Aegis Media, the $20 billion global communications group, today announced that it plans to acquire a strategic stake in India's search-marketing and contextual advertising firm, Communicate 2. Ashish Bhasin quits Lintas, to join Aegis Media Ashish Bhasin quits Lintas for Aegis |
 CXOToday.com | Hexaware names ex-Wipro exec as N.America head Reuters India - MUMBAI, June 12 (Reuters) - Indian software services firm Hexaware Technologies Ltd (HEXT.BO: Quote, Profile, Research) said on Thursday it has appointed Rajiv Pant as president, North America. Hexaware Appoints Rajiv Pant to Head North America Hexaware Tech appoints Rajiv Pant to head North America |
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