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 | Indian Oil incurs $1.3 bn revenue loss |
| | Indian Oil Corp, the country's largest refiner, expects a revenue loss of 6100 crore rupees ($1.3 billion) in the rest of 2004/05 because of government caps on domestic prices, a company official told. Full story |
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| Exclusive: We can be there by 2010 |
| | If there is clear articulation of priority applications, the spread and impact will be as large as the telephone revolution, says Sujit Kumar. Full story |
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| Ranbaxy on the look out for talent in the US |
| | Indian pharmaceutical major Ranbaxy Laboratories Ltd is scouting for scientists in the United States to expand its research and development facilities in India. Full story |
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| Deccan Chronicle IPO in Rs 162-194 range |
| | Newspaper publisher Deccan Chronicle Holdings Ltd is set to price its initial public offer in range of 162 to 194 rupees per share, a banker working on the offer said. Full story |
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| Mahindra in JV with Chinese tractor maker |
| | Mahindra & Mahindra Ltd, India's top tractor and utility vehicle maker, said it has entered into a joint venture agreement with China's Jiangling Motors Co to make tractors. Full story |
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| China's growth will slow down: World Bank |
| | China's economy is poised to grow by 9.25 per cent in the current year but will slow down to around 8 per cent in 2005, the World Bank said. Full story |
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| Govt expects to meet fiscal deficit target |
| | Government expects to meet its fiscal deficit target for the year to March 2005 as new measures to boost revenues kick in but the government will still stick to its market borrowings plan, a top finance ministry official said. Full story |
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| Sensex nears 6,000 mark; techs shine |
| | Shares extended their gains in choppy trade, as investors continued to boost the index toward the psychologically important 6,000-mark. Full story |
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| 15 Chinese cos hunting for IT partners in India |
| | Fifteen Chinese companies are in talks with Indian IT and telecom firms like Tatas, Cosmos and CMC for joint ventures in the sectors. Full story |
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| GE sells India stake for $500 mn |
| | General Electric Co said it had sold a 60 per cent stake in its pioneering Indian business process outsourcing unit for $500 million, making it the largest deal in the country's booming back-office industry. Full story |
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| Two Indians among top 50 businesswomen |
| | Two Indians figure in a list of the world's top 50 businesswomen announced by the Wall Street Journal. . Full story |
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| Exclusive: Need for global size banks |
| | The SBI group has the advantage of having group companies in the mutual fund, insurance and credit card business, whose products are already being marketed by group banks. Many employees can be deployed to increase this business and conduct it more efficiently, says M Sitarama Murthy. Full story |
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| Should consolidated accounts be mandatory? |
| | In this week's Debate on "Should consolidated accounts be mandatory?", we bring to you the views of three expert commentators- Shardul Shroff, Aditya Lodha and KS Vikamsey. Full story |
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| Soft interest rate regime over: PNB chief |
| | "Soft interest rate regime is over. I think the interest rates should stabilise at the present level," Punjab National Bank chairman SS Kohli told reporters. Full story |
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| PNB seeks govt nod for public offer |
| | Nationalised Punjab National Bank is awaiting government approval for a fresh public offer of shares which is likely to hit the market in January 2005, the bank's chief said. Full story |
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| '51 pc of British firms moved operations to India' |
| | Faced with intense competition, British companies are under increasing pressure to relocate parts of their business offshore to Europe and Asia, including India, a survey indicated. Full story |
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| AP farmers turn to Coke, Pepsi to kill pests |
| | Cotton farmers in some villages are flocking to buy Coca-Cola and Pepsi, believing that the sugar in the fizzy drinks kills pests. Full story |
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| Govt to raise natural gas prices |
| | The petroleum ministry has proposed to raise natural gas price by 12 per cent for fertilizer units and 26 per cent for power units in the period prior to complete deregulation of the natural gas sector. Full story |
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| HDFC to raise home loan rates after Diwali |
| | Top mortgage lender, Housing Development Finance Corporation Ltd, would raise its home loan rates by up to 50 basis points after the Diwali festival, an official said. Full story |
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| DHL buys control of Blue Dart for $125 mln |
| | DHL has made an offer to buy up to 88 percent of Indian delivery firm Blue Dart Express Ltd. for $162 million, sparking a rally in its rivals on Monday on hopes of consolidation in India's fragmented courier industry. Full story |
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| update: Shares rise to 8-month high; Infosys shines |
| | India's second-biggest software services exporter, Infosys Technologies Ltd, led the key Bombay Stock Exchange index to an eight-month high on Monday, as it creeps closer to the psychologically important 6,000-mark. Full story |
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| Infosys to convert 16 mn shares into ADS |
| | IT bellwether Infosys Technologies said it would convert 16 million shares traded in India into American Depository Shares that would increase the float of its stock in the US stock market. Full story |
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| Update: Rupee at fresh 5-month high |
| | The rupee slid from intra-day peaks after nationalised banks, possibly acting on behalf of the central bank, stepped in to curb sharp gains, but the local unit still managed to end at a new 5-month high. Full story |
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| No going back on reforms: PM |
| | Assuring foreign investors of continuity in policies and that India will never become an 'international liability,' Prime Minister Manmohan Singh said there was no question of going back on the economic reforms. Full story |
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| Outsourcing not an India-US issue: PM |
| | Prime Minister Manmohan Singh said India does not see outsourcing as an issue in its relations with Washington and hoped an objective view will emerge on the backlash against it in the United States. Full story |
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| PM hails strategic partnership with EU |
| | Once written off as the poor cousin of Asian powerhouse China, India is to open talks on Monday to forge a strategic partnership with the European Union, a status so far restricted to just five big countries. Full story |
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| DHL to buy majority stake in Blue Dart |
| | Global logistics company DHL has signed a deal to acquire a majority stake in Indian courier firm Blue Dart Express Ltd for Rs 350 per share, a source close to the deal said. Full story |
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