* Inflation to hit zero by end March 2009: Axis Bank
* SpiceJet soars 19% on consolidation plan
* United Spirits promoters pledge 32.82% stake
* General Motors freezes wages in Canada till 2012
* Engineering goods sector expects 400,000 job losses
* 5 investment secrets of a self-made millionaire
* JPMorgan to up outsourcing to India by 25%
* RIL hits green barrier in CBM projects
* More talk time on BSNL network
* Oil prices higher in Asian trade
* Japan logs first current account deficit in 13 years
* Global economy to shrink this year: World Bank
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Showing posts with label Economic News. Show all posts
Showing posts with label Economic News. Show all posts
Finance/Market/Economy Alert
* Bengal minister says Tatas told govt ready to move out of Singur.
* NHB plans to raise 90 bln rupee via zero-coupon bonds in yr to Jun.
* Govt says no plan to up price of gas sold at administered rates.
* India to hold next round bids for coal bed methane blocks by Dec.
* Honda Motor head says Indian market significant for co's growth.
* REC seeks RBI nod to raise $250 mln ECB for rupee expenditure.
* Aurobindo Pharma gets US FDA nod to make, mkt anti-HIV drug.
* Arvind's retail arm head sees 20-bln-rupee sales by 2012.
* BHEL gets 3.38-bln-rupee order from SAIL for supplying compressors.
* NTPC inks MoU to study coal transport via inland waterways.
* Shareholders via ballot vote OK TTK Prestige move to delist.
* Religare Enterprises JV gets SEBI nod for mutual fund ops.
* India bans China dairy pdt import for 3 mos on contamination scare.
* NALCO sees aluminium, alumina price further dn on weakening demand.
* Industry expert sees 2008-09 edible oil imports up 4-5% on year.
* NHB plans to raise 90 bln rupee via zero-coupon bonds in yr to Jun.
* Govt says no plan to up price of gas sold at administered rates.
* India to hold next round bids for coal bed methane blocks by Dec.
* Honda Motor head says Indian market significant for co's growth.
* REC seeks RBI nod to raise $250 mln ECB for rupee expenditure.
* Aurobindo Pharma gets US FDA nod to make, mkt anti-HIV drug.
* Arvind's retail arm head sees 20-bln-rupee sales by 2012.
* BHEL gets 3.38-bln-rupee order from SAIL for supplying compressors.
* NTPC inks MoU to study coal transport via inland waterways.
* Shareholders via ballot vote OK TTK Prestige move to delist.
* Religare Enterprises JV gets SEBI nod for mutual fund ops.
* India bans China dairy pdt import for 3 mos on contamination scare.
* NALCO sees aluminium, alumina price further dn on weakening demand.
* Industry expert sees 2008-09 edible oil imports up 4-5% on year.
Equity/Market/Economy Alert
* Hindustan Zinc ups lead price by Rs.4200/tn
* Infosys launches retail store management software
* Tata Motors down 5% on Q1 result
* Suzlon to foray into 20-30 new countries in next 5 years
* Infosys launches retail store management software
* Tata Motors down 5% on Q1 result
* Suzlon to foray into 20-30 new countries in next 5 years
Equity/Market/Economy Alert
* RBI comes down on unsolicited credit cards
* Finance secretary says India growth story still "credible, intact".
* RBI Reddy meets Chidambaram ahead of Tue policy review.
* PNB Apr-Jun MTM loss on treasury ops pegged 1.5 bln rupee.
* Oriental Bank of Commerce Apr-Jun net 2.2 bln rupees.
* Union Bank of India Q1 MTM loss 3.39 bln rupees vs 200 mln yr ago.
* Govt says Railways to increase trains to import cement from Pakistan.
* Grasim Industries Apr-Jun standalone net 5.14 bln rupees.
* Educomp Solutions Apr-Jun net 167.74 mln rupees.
* Godrej Consumer to up soap prices on rising veg oil costs.
* Corus to up UK steel structural section price by 60 pound/tn
* Hindustan Construction Apr-Jun forex loss provision 506 mln rupees.
* Exide Industries to invest 1.8 bln rupees on expansion FY09.
* India adds 8.81 mln phone connections Jun vs 8.46 mln May.
* Met sees improvement in rainfall scenario in next few days.
* Govt says no plan to decontrol sugar sector as of now.
* Finance secretary says India growth story still "credible, intact".
* RBI Reddy meets Chidambaram ahead of Tue policy review.
* PNB Apr-Jun MTM loss on treasury ops pegged 1.5 bln rupee.
* Oriental Bank of Commerce Apr-Jun net 2.2 bln rupees.
* Union Bank of India Q1 MTM loss 3.39 bln rupees vs 200 mln yr ago.
* Govt says Railways to increase trains to import cement from Pakistan.
* Grasim Industries Apr-Jun standalone net 5.14 bln rupees.
* Educomp Solutions Apr-Jun net 167.74 mln rupees.
* Godrej Consumer to up soap prices on rising veg oil costs.
* Corus to up UK steel structural section price by 60 pound/tn
* Hindustan Construction Apr-Jun forex loss provision 506 mln rupees.
* Exide Industries to invest 1.8 bln rupees on expansion FY09.
* India adds 8.81 mln phone connections Jun vs 8.46 mln May.
* Met sees improvement in rainfall scenario in next few days.
* Govt says no plan to decontrol sugar sector as of now.
Finance/Economy/Market Alert
* IMF for more policy tightening in emerging economies to tame inflation.
* OBC source says Q1 mark-to-mkt loss on bond portfolio seen 1 bln rupees.
* Ranbaxy head says the pact with Daiichi is binding on both sides.
* Bharti Airtel mobile svcs in Mumbai hit due to short circuit.
* Wipro Apr-Jun net 9.08 bln rupees; net sales 59.81 bln rupees.
* Satyam Computer Apr-Jun net 5.48 bln rupees; net sales 26.21 bln rupee.
* Punj Lloyd gets $108 mln order from Spain's Tecnicas Reunidas.
* Kirloskar Brothers Apr-Jun net loss 44.80 mln rupees.
* KPIT Cummins sees delay, cut in size of new project from US.
* India's crude oil basket down $1.28 per barrel to $132.63 Thu.
* India oil futures down 200 rupees/bbl Thu; global mkts slide $4-5
* Equity Alert: Punj Lloyd up on $108-mln order win from Spanish co
* Equity Alert: Frontline tech cos fall; Satyam Computer tumbles 8%
* Equity Alert: Kirloskar Brothers slumps on Apr-Jun net loss
* Equity Alert: Gujarat NRE up 2%; co to announce bonus, Q1 earnings
* Equity Alert: ICICI Bk up on slowing inflation; analysts cautious
* Equity Alert: OBC recoups losses despite Q1 mark-to-mkt loss report
* Equity Alert: Mkt up 2% amid volatility; bank shares gain, IT down
* OBC source says Q1 mark-to-mkt loss on bond portfolio seen 1 bln rupees.
* Ranbaxy head says the pact with Daiichi is binding on both sides.
* Bharti Airtel mobile svcs in Mumbai hit due to short circuit.
* Wipro Apr-Jun net 9.08 bln rupees; net sales 59.81 bln rupees.
* Satyam Computer Apr-Jun net 5.48 bln rupees; net sales 26.21 bln rupee.
* Punj Lloyd gets $108 mln order from Spain's Tecnicas Reunidas.
* Kirloskar Brothers Apr-Jun net loss 44.80 mln rupees.
* KPIT Cummins sees delay, cut in size of new project from US.
* India's crude oil basket down $1.28 per barrel to $132.63 Thu.
* India oil futures down 200 rupees/bbl Thu; global mkts slide $4-5
* Equity Alert: Punj Lloyd up on $108-mln order win from Spanish co
* Equity Alert: Frontline tech cos fall; Satyam Computer tumbles 8%
* Equity Alert: Kirloskar Brothers slumps on Apr-Jun net loss
* Equity Alert: Gujarat NRE up 2%; co to announce bonus, Q1 earnings
* Equity Alert: ICICI Bk up on slowing inflation; analysts cautious
* Equity Alert: OBC recoups losses despite Q1 mark-to-mkt loss report
* Equity Alert: Mkt up 2% amid volatility; bank shares gain, IT down
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