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LN Mittal elected Chairman of World Steel AssociationIndia-born steel czar Lakshmi Niwas Mittal was on Tuesday elected Chairman of the World Steel Association, representing about 180 steel producers from across the globe.
Source : dnaindia.com | 06-Oct-2008 17:22
Wachovia may be split between Citigroup and Wells Fargo
The two warring suitors of Wachovia banking chain in the US - Citigroup and Wells Fargo - are being pressured by the federal government to reach a compromise.
Source : dnaindia.com | 06-Oct-2008 17:12
Ad-hoc worker can't be denied benefits
The policy of some employers to deprive their ad-hoc employees of financial, medical and vocational benefits, available to regular staff, has invited criticism from a Delhi court.
Source : dnaindia.com | 06-Oct-2008 16:49
SEBI moots multiple stock exchanges for SMEs
SEBI is planning to allow multiple stock exchanges or dedicated platforms formed by existing stock exchanges for listing of shares by small and medium enterprises (SMEs).
Source : dnaindia.com | 06-Oct-2008 16:41
RBI slashes CRR; interest rates may ease
Moving to ease pressure on interest rates, the Reserve Bank cut the rate of mandatory deposits that commercial banks need to park with it and joined central banks worldwide in injecting liquidity into their system.
Source : dnaindia.com | 06-Oct-2008 16:31
Direct tax collection up 33 % to Rs.1.47 trillion
Faced with a sluggish economy, Indian policy-makers received some solace, with net direct tax collection up nearly 33 percent to Rs.147,197 crore.
Source : dnaindia.com | 06-Oct-2008 16:09
Construction companies to give civic facilities to labour
Construction companies will now have to provide housing for labourers within the site with all necessary infrastructure and facilities.
Source : dnaindia.com | 06-Oct-2008 16:06
British Telecom ties up with BSNL
British Telecom on Monday announced a tie-up with state-owned telecom BSNL to offer managed services spanning basic, leased line,Internet, mobile and broadband services.
Source : dnaindia.com | 06-Oct-2008 15:58
RIL ready to look at out of court settlement
Reliance Industries Ltd (RIL), locked in a legal dispute over its gas supply contract with state-run NTPC, told the Bombay High Court it was willing to look at an out-of-court settlement.
Source : dnaindia.com | 06-Oct-2008 15:46
Stocks crash to lowest level in 2 years
The stock market cracked under pressure from the boiling global financial crisis.
Source : dnaindia.com | 06-Oct-2008 15:43
Now MTV gets into bed with Gen-Y
Music channel MTV, which claims to know the attitude of today's youth, has now decided to get onto their beds too - literally! It has launched its own bedroom decor collection called 'Laid by MTV'.
Source : dnaindia.com | 06-Oct-2008 15:39
Adlabs to digitally upgrade 500 cine screens
Adlabs Films Ltd, a part of the Reliance Anil Dhirubhai Ambani Group, will digitally upgrade 500 cine screens in India in the next 18 months
Source : dnaindia.com | 06-Oct-2008 15:37
ITC commissions 14 MW wind energy project
Diversified conglomerate ITC on Monday commissioned a 14 MW wind power project in Tamil Nadu at an investment of about Rs 90 crore
Source : dnaindia.com | 06-Oct-2008 15:15
SBI to finalise JV structure with IAG in few weeks
State Bank of India will finalise the terms of general insurance venture with Insurance Australia Group (IAG) in the next few weeks, Bank's Chairman O P Bhatt said.
Source : dnaindia.com | 06-Oct-2008 15:04
German Govt rescues Hypo Real Estate with € 50 bn
The German Government along with banks and insurance companies has agreed on a new 50 billion Euro bailout plan for the troubled commercial property lender
Source : dnaindia.com | 06-Oct-2008 14:44
Shah Rukh launches $2.2-bn real estate project in UAE
Shah Rukh Khan has announced the launch of his signature real estate development, Shah Rukh Khan Boulevard, to be located in the emirate of Ras Al Khaimah in the United Arab Emirates (UAE).
Source : dnaindia.com | 06-Oct-2008 12:28
Mercedes-Benz India crosses 3,000-mark in sales
Mercedes-Benz India on Monday said it has crossed the 3,000-car sales figure so far this year, reflecting a growth of 56 percent.
Source : dnaindia.com | 06-Oct-2008 11:44
Bollywood and movie merchandising - a long way to go
Hindi film industry is beginning to go into film merchandising - introducing dolls, masks, key chains, school bags and T-shirts - and hopes to one day reap millions like in the West.
Source : dnaindia.com | 06-Oct-2008 11:43
'Organised, unorganised retailers can co-exist in India'
India's organised and unorganised retail sectors can co-exist and thrive, says a top government official, who foresees bright prospects for the retail industry in the country.
Source : dnaindia.com | 06-Oct-2008 11:43
Future Logi eyes Rs 1k cr from brand distribution
Future Logistics is targeting a business of Rs 1,000 crore from sales and distribution of other brands apart from those of the group.
Source : dnaindia.com | 06-Oct-2008 00:46
Foreign airlines seek Indian wings
Airlines offer code-share, lollies to get hold of the Indian passenger
Source : dnaindia.com | 06-Oct-2008 00:45
Govt mulls pricing coal-liquid blocks
The government is contemplating asking a price for coal blocks to be awarded for India's first coal-to-liquid project to get returns
Source : dnaindia.com | 06-Oct-2008 00:44
Say farewell to festival discounts
Consumer durables companies are pruning freebies, hiking prices
Source : dnaindia.com | 06-Oct-2008 00:37
'Extending beyond search an error on Google's part'
How do you build a brand? "You narrow the focus," says legendary marketing guru Al Ries.
Source : dnaindia.com | 06-Oct-2008 00:37
Positive signals for interest rates
The outlook for interest rates is becoming clearer, with many of the factors that drove yields higher turning positive.
Source : dnaindia.com | 06-Oct-2008 00:31
Q2 set to signal a longer slowdown
Severe margin pressure. That's one statement which will be heard with great frequency in the next three weeks as companies start showing second-quarter hand.
Source : dnaindia.com | 06-Oct-2008 00:31
Steel prices to weaken afresh
While steel consumption-growth in India is outstripping production, prices will weaken afresh before stabilising
Source : dnaindia.com | 06-Oct-2008 00:31
'Samsung India will hike prices post-Diwali'
Samsung India Electronics, the unit of South Korean giant Samsung Electronics, for the first time, will not offer discounts or gifts to customers during the festive season.
Source : dnaindia.com | 06-Oct-2008 00:31
Your salary raise is likely to come down
The global economic slowdown will force companies in India to trim costs, say experts
Source : dnaindia.com | 06-Oct-2008 00:31
Nifty may find support at 3800
The markets witnessed a highly action-packed week, marked by rising fear and declining conviction.
Source : dnaindia.com | 06-Oct-2008 00:25
Rupee to remain on backfoot against US$
Minutes of FOMC Sept meet crucial to justify expectations of a Fed rate cut
Source : dnaindia.com | 06-Oct-2008 00:24
Diversified portfolio for strong momentum
Lanco Global Systems Ltd is a global IT services provider focussed on delivering customised business solutions with expertise in consulting, application management & support.
Source : dnaindia.com | 06-Oct-2008 00:21
Sun, retrograde Mercury under Rahu influence = not good
Tuesday is perhaps the most positive day, Friday most bearish
Source : dnaindia.com | 06-Oct-2008 00:19
Use bounce to reduce weak longs
Volatility ahead due to mismatch of short-term and medium-term trends
Source : dnaindia.com | 06-Oct-2008 00:18
'De-leveraging will lead to a slowdown'
From doing research via secondary sources during his college days, Prateek Agrawal, vice-president and head (equities) at Bharti AXA Investment Managers, has moved a long way.
Source : dnaindia.com | 06-Oct-2008 00:14
Wisely invested, money begets money
Aggressive investments today help reduce borrowings tomorrow
Source : dnaindia.com | 06-Oct-2008 00:00
Why money can't necessarily buy happiness...
It's not similar environments that make people similarly happy or unhappy; it's similar genes, writes Michael Shermer
Source : dnaindia.com | 05-Oct-2008 23:59
Caution is the key this week
The markets witnessed a lower turnover partly due to a shorter week as well as withdrawal of trader support due to the volatility.
Source : dnaindia.com | 05-Oct-2008 23:36
Stocks to struggle despite rescue plan
Quarterly borrowing costs for US banks went up last Friday
Source : dnaindia.com | 05-Oct-2008 21:31
Hollywood sharpens focus on India
Hollywood stars, studios, technicians, directors and producers in their increasing numbers are trying to sink their teeth into India's burgeoning entertainment market pie.
Source : dnaindia.com | 05-Oct-2008 17:27
'Bigg Boss' didn't make business sense
While "Fear Factor" and "Bigg Boss" are their most successful shows, Sony Channel did not renew the copyright because it didn't make good business sense.
Source : dnaindia.com | 05-Oct-2008 16:47
BSNL launches mobile backup system
State-run telecom major Bharat Sanchar Nigam Ltd (BSNL) has launched "mobile backup system" in Madhya Pradesh and Chhattisgarh
Source : dnaindia.com | 05-Oct-2008 16:14
Satyam is less exposed to financial sector
With the Indian IT space starting to feel the heat of global credit crisis, the country's fourth largest technology firm Satyam sees itself in "a much better shape" than rivals.
Source : dnaindia.com | 05-Oct-2008 15:50
McDonald's pulled up for overcharging
McDonald's has been pulled up for "unfair trade practices" by a consumer court for overcharging on a coke bottle against the printed price and asked to compensate the consumer.
Source : dnaindia.com | 05-Oct-2008 13:01
LN Mittal loses £16.6 bn in global meltdown
Lakshmi Mittal has lost 16.6 billion pounds in the global credit crunch owing to plummeting stock markets in the last four months, media reports said here on Sunday.
Source : dnaindia.com | 05-Oct-2008 12:16
Why India stands insulated from global crisis
The collapse of the mighty global financial system has triggered a series of chain reactions in India, but the impact is not going to be as widespread as earlier imagined.
Source : dnaindia.com | 05-Oct-2008 11:55