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 | Satyam Q1 net up 7%, but below forecasts |
| | Satyam Computer Services Ltd, India's fourth-largest software exporter, reported a 7% rise in quarterly profit, below forecasts as a stronger rupee hurt margins. Full story |
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| We're beating IT mkts on their own turf: IBM |
| | The emerging nations of India, China, Brazil and Russia are firing IBM's growth and constituted five per cent of the company's second-quarter revenue. Full story |
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| News Corp deal Dow Jones director resigns over takeover |
| | A director on the board of Dow Jones & Co Inc has resigned because he could not support its endorsement of a USD 5 billion takeover offer from Rupert Murdoch's News Corp. Full story |
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| Sensex up by 132 points in early trade |
| | The Bombay Stock Exchange benchmark Sensex rose over 132 points in early trade on the back of buying by foreign funds in heavy-weight stocks led by Reliance Industries. Full story |
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| Why it drips only on us |
| | Leaking roofs are typical of new-age houses. As we move into our new homes in the city, we need to deal with a problem that our previous generations did not... Full story |
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| Ericsson Q2 profit climbs but misses forecast |
| | Ericsson, the world's biggest mobile network maker, reported softer-than-expected second-quarter earnings on Friday but said the company continued to outperform the market. Full story |
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| TCS is India's top employer |
| | Tata Consultancy Services, the largest Indian IT company in terms of sales, is also the top employer in the country with a workforce of 95,000 employees as on June 30, 2007. Full story |
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| Bank of Baroda aiming for Rs 300,000 cr biz |
| | Bank of Baroda said it was targeting to increase business by almost 50% to Rs 300,000 cr by 2010, while also expanding international operations and acquire banks overseas. Full story |
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| Online jobs, matrimony biz to reach Rs 565 cr |
| | By 2008 around 25 mn users are likely to register themselves for online job search and matrimonial alliances resulting in Internet business of around Rs 565 cr. Full story |
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| Govt passes 17 FDI proposals |
| | The govt approved 17 FDI proposals worth Rs 589.85 cr, including Rs 313.33 cr from Sweden-based Quinn Hotels, which proposes to develop hotels in the country. Full story |
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| Wipro Q1 profit up 16 per cent, lags forecast |
| | Wipro, which offers IT solutions such as system integration, software application development and back-office services, said net profit rose to Rs 7.1 bn in April-June. Full story |
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| BSNL inks GSM equipment order with Ericsson |
| | State-run telecom firm BSNL has placed the order for mobile equipment of 14 million GSM lines with Swedish vendor Ericsson at a cost of 80 dollar per line. Full story |
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| Jindal to invest $2.1 bn in Bolivia |
| | In the biggest investment by an Indian Co in S.America, Jindal Steel and Power Ltd announced projects worth more than Rs 8,000 crore in Bolivia to set up a steel plant. Full story |
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| Vodafone adds 9.1 mn users on India call |
| | Vodafone, the world's second-biggest mobile operator in terms of customers, said it added 9.1 million subscribers in three months ended June - including nearly one-third from India where it entered through a 10.9 billion dollar acquisition of Hutch-Essar. Full story |
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| High food, oil prices a concern: FM |
| | Prices of commodities, food grains and crude oil are a concern and the country must do its best to keep inflation down, FM Palaniappan Chidambaram said in an interview. Full story |
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| BHEL gets $1.6 mn Power Grid order |
| | Bharat Heavy Electricals Ltd said on Thursday, it had received an order from Power Grid worth 63 million rupees for supplying high-rating porcelain disc insulators. Full story |
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| Reliance Comm sells 5% in tower unit |
| | Reliance Communications Ltd has sold 5% of its 270 billion rupee telecom tower business, and could sell more through an IPO or further placements, Anil Ambani said. Full story |
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| Vodafone adds 9 mn subscribers in first quarter |
| | British mobile phone group Vodafone said that it won 9.1 million new customers during its first quarter, almost double the amount a year earlier, owing to strong growth in emerging markets. Full story |
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| Financial literacy can help mitigate risk: FM |
| | FM P Chidambaram has stressed on the need for financial literacy and instilling confidence among investors who burnt their fingers twice in two major scams in the stock markets in early 1990s and 2001. Full story |
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| China's GDP zooms at 11.5 per cent |
| | China's economy grew at a sizzling 11.5% in the first half owing to it's record performance in the second quarter but surging inflation could be a cause of concern, analysts said. Full story |
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| 'Wipro seeks to invest in Canada, Germany' |
| | Wipro Ltd, the country's third biggest software services firm, on Thursday said it was looking for acquisitions in Germany and Canada to take advantage of the growing markets there. Full story |
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| Worldwide PC sales up 12%, led by HP |
| | Worldwide personal computer sales posted robust Q2 growth, with shipments climbing about 12% from a year earlier as Hewlett-Packard Co led the pack, two research groups said on Wednesday. Full story |
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| Ranbaxy Q2 net up 118 per cent |
| | India's largest drug firm Ranbaxy Laboratories on Thursday reported a 118 per cent jump in its consolidated net profit for the second quarter ended June 30 at Rs 266.2 crore. Full story |
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| DLF Q1 net at Rs 579 crore |
| | India's most valuable real estate firm, DLF Ltd, posted a net profit of Rs 579.27 crore and total revenue of Rs 1207.11 crore for first quarter ended June 30. Full story |
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| India approves BSNL move to slash GSM tender |
| | India's telecoms minister has cleared a decision by state-run firm BSNL to halve the size of a major GSM equipment tender, a business daily reported on Thursday. Full story |
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| ICICI mutual names Nilesh Shah deputy MD |
| | ICICI Prudential Asset Management Co Ltd has appointed Chief Investment Officer Nilesh Shah as deputy managing director, the fund house said in a statement. Full story |
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| Sensex at new high of 15,463.39 points |
| | The BSE benchmark Sensex climbed to hit another intra-session high of 15,463.39 points at 11:15 hours on Thursday after most heavy-weight stocks, led by RIL, made strong rally. Full story |
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| IBM net jumps 12 per cent in Q1 results |
| | IBM, the world's largest tech services company, posted a 12% jump in quarterly profit and raised its earnings forecast as revenue surged on software-company acquisitions. Full story |
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| Subprime worries, Bernanke talk hurt stocks |
| | US stocks fell on deepening concerns that a crisis in lending could spread and a warning from the Federal Reserve chairman that weakness in housing could hurt economic growth for some time. Full story |
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| 'Indian mobile services mkt to exceed $25 bn' |
| | Cellular services segment in India; the world's fastest growing wireless market, is expected to touch 25 bn dollar by 2011, global consultancy and research firm Gartner said. Full story |
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| Tata to bid for Ford's Jaguar and Land Rover |
| | Tata Motors, India's biggest automobile Co, is understood to be in early stages of evaluating a bid for acquiring the Jaguar and Land Rover marques from Ford, reports said. Full story |
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| IDBI Q1 net up at Rs 153 cr |
| | IDBI on Wednesday posted a net profit of Rs 153.12 crore for the quarter ended June 30 where as it was Rs 150.57 crore in the same period last year. Full story |
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| Chinese economy growing beyond potential |
| | China's economy is growing at maximum capacity and risks overheating if Beijing fails to adopt measures to cool it down, a government economist said. Full story |
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| Imperial to buy Altadis in $22 bn deal |
| | Britain's Imperial Tobacco agreed to buy Franco-Spanish rival Altadis in a 16.2 billion euros deal to strengthen its position as the world's fourth largest cigarette group. Full story |
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| Airtel, Ericsson ink $2 bn deal |
| | India's top mobile services firm, Bharti Airtel ,on Wednesday awarded a $2 billion contract to Sweden's Ericsson for network expansion, a joint statement said. Full story |
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| India holds out helping hand to Mittal's oil foray |
| | India-born billionaire Lakshmi N Mittal is literally getting a helping hand from the government for his ambitious diversification from steel making to oil refining. Full story |
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| Pakistan share index falls as violence escalates |
| | Pakistan's main index fell more than 3 per cent on Wednesday due to escalating violence, following a suicide bomb attack in Islamabad. Full story |
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| Motorola to re-bid in revised BSNL tender |
| | In the thick of a controversy over its disqualification from the 45.5 mn GSM line tender by BSNL, Motorola said it will once again join the race if fresh bids were called. Full story |
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| Yahoo's profit falls for 6th straight quarter |
| | This was the sixth consecutive quarter in which Yahoo's profit has dropped from the previous year. Despite a lot of re-shuffling the Internet icon has failed to pull out of its slump. Full story |
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| Grant full operational autonomy to PSUs: PM |
| | Concerned over time spent by heads of PSUs in 'boundary management', PM Manmohan Singh asked govt to become more transparent & grant full operational autonomy to state Cos. Full story |
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| DLF bags Rs 6,000cr DDA contract |
| | Real estate developer DLF Ltd on Wednesday said it has secured a Rs 6,000 crore contract from DDA for constructing an international convention centre in Dwarka. Full story |
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| Honda to build $205 mn car plant in Thailand |
| | Honda Motor Co will spend 6.2 billion baht (USD 205 million) to build a second car plant in Thailand, Chief Executive Takeo Fukui told a mid-year news conference on Wednesday. Full story |
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| Tata Tea vies with Coke for beverage buys |
| | Tata Tea Ltd is looking to acquire more beverage brands to tap growing consumer demand for health drinks, taking on the world's biggest drinks companies. Full story |
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| Videocon, L&T to build power plant - Report |
| | Videocon Industries Ltd and Larsen & Toubro Ltd are in talks to float a new power company, a news daily said on Wednesday. Full story |
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| Dow Jones OKs $5 bn Murdoch's bid |
| | The board of Dow Jones & Co Inc endorsed a $5 bn buyout offer from Rupert Murdoch's News Corp, sending the deal to the controlling Bancroft family for final approval. Full story |
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| Sensex down 63 points in early trade |
| | Tracking Asian markets, the Bombay Stock Exchange benchmark Sensex fell by more than 63 points in early trading on Wednesday on funds selling. Full story |
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| Dow ends at record on profits |
| | The Dow closed at a record, though retreating from the 14,000 mark it earlier crossed for the first time, while the Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings. Full story |
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| 2008-09 India can grow @10%: Chidambaram |
| | Finance Minister P Chidambaram said it is possible for the country to achieve a 10 per cent economic growth in the next financial year. Full story |
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| 'India to grow @9.4% in '07-08' |
| | India should grow by 9.4% this financial year, higher than official estimates, though inflation and interest rates were likely to rise too, a senior economist with Credit Suisse said. Full story |
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| Tata ventures into Saudi Arabia car market |
| | Indian carmaker, Tata Motors, have ventured into Saudi Arabia's passenger car market with the launch of its three car models. Full story |
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| I will achieve budget targets: Chidambaram |
| | FM P Chidambaram appears confident of eliminating revenue deficit by 2008-09, even as he begged to differ with the PM's Advisory Council that felt the task was difficult. Full story |
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| India to dominate global KPO mkt |
| | India, already known as the back office of the world, will account for two-third of the global KPO segment that could create up to 1.8 lakh new jobs by 2011, a study said. Full story |
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| Ex-General urges students to join administration |
| | Gen Shankar Roy Chaudhury, retired chief of Indian army, called upon the young boys and girls of West Bengal to choose higher administrative service as their profession. Full story |
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| Ford to launch small car for Indian market |
| | US-based Ford Motor Company is planning to launch a small car for the Indian market as it looks to enter new segments and expand presence, a senior company official said on Tuesday. Full story |
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| 'India has potential for organic farming' |
| | Kamal Nath said the govt would give a major thrust to export of organic agro-products and take up the issue of greater market access for agri products with other countries. Full story |
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| Brazil, South Africa for civil nuke coop with India |
| | Brazil and South Africa, key members of the Nuclear Suppliers Group (NSG), decided to explore ways for cooperation with India in civil nuclear field through "acceptable forward-looking approaches". Full story |
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| Special air fares for UAE amnesty seekers |
| | India's national carriers, Indian and Air India, have announced their special fares for the illegal expats, willing to leave the United Arab Emirates under amnesty scheme. Full story |
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| Tata Tea Q1 PAT dips 2% at Rs 43 cr |
| | Tata Tea posted a 2.27 per cent decline in profit after tax (PAT) at Rs 43 crore for the first quarter ended June 30, as compared to Rs 44.56 crore for the same period last year. Full story |
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| Reliance makes gas discovery off TN coast |
| | Reliance Industries has made a 'significant' gas find in a Cauvery basin block-off the east coast, company officials said. Full story |
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| Ford India launches diesel variant of Fusion |
| | Carmaker Ford India on Tuesday launched a diesel variant of its premium hatchback Ford Fusion priced at Rs 6.59 lakh (ex-showroom Delhi). Full story |
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| RNG Excellence in Journalism Awards go to.. |
| | In Guntur an AIDS orphan tells his story in his own words. This was among the stories that deserved to be told and once they were, they were rewarded by President Kalam. Full story |
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| Harry Potter works magic on box office |
| | According to figures, teenage-wizard Harry Potter left his rivals spellbound at the North American box-office over the weekend raking about $139.7 million. Full story |
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| RComm to spend $3.96 bn in FY08 |
| | Reliance Communications Ltd will spend 160 billion rupees (USD 3.96 billion) on network expansion in the fiscal year to March 2008, Chairman Anil Ambani said. Full story |
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| Steve Jobs top among music 'Powergeeks' |
| | Steve Jobs, the father of the iPod, was crowned the undisputed king of the online music revolution, topping a list of the 25 most influential people in Web music. Full story |
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| L&T gets $243 mn Tata Steel order |
| | Indian engineering and construction firm Larsen & Toubro Ltd said it had received a blast furnace order worth 9.8 billion rupees from Tata Steel Ltd. Full story |
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| India, US begin hard talk to bridge N-gap |
| | A high-level Indian delegation and senior American functionaries exchanged candid views on bilateral defence cooperation and regional and security issues. Full story |
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| Sony to phase out $500 PlayStation 3 |
| | Sony Corp plans to phase out the cut-priced USD 499 model of its PlayStation 3 video game machine, leaving only a higher capacity USD 599 model for sale in the US, the company said. Full story |
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| Sensex falls 21 points on profit selling |
| | The stock market benchmark BSE Sensex fell 21 points on Tuesday on profit-selling by funds in metal, capital goods and auto stocks. Full story |
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| Walking upright saves energy: Study |
| | Why did humans evolve to walk upright? Perhaps because it is just plain easier. Make that 'energetically less costly', in science-speak, and you have the conclusion of researchers. Full story |
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| Google voted ideal employer by students |
| | Google ousted IBM from the top spot in its first year in the list of 130 companies that Universum asks final-year students to consider as their ideal workplace. Full story |
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| Olympics 2008 |
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RSS Feeds 
The wholesale price index was unchanged at the previous week's level of 4.27 per cent in the 12 months to July 7, despite a fall in some food prices, govt data showed.