Vol XXXVI (No. 8), 29 Aug 2008  

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101. Oil prices settle at high for 2007
MIL/Agencies    Mar 27, 2007    Author:

New York, March 27, 2007 - Oil prices settled Monday at their highest level so far this year on tensions between Iran and the West following Tehran's detention of British naval personnel. Gasoline futures prices climbed above $2 a gallon to their highest level since last September as a new driving season nears.

102. Bajaj plans to take on Tata’s Rs 1-lakh car
MIL/Agencies    Mar 26, 2007    Author:

New Delhi/Indore, March 26: Fearing erosion in two-wheeler sales once Ratan Tata’s dream Rs 1-lakh car is launched, the country’s second largest two-wheeler manufacturer Baja Auto is seriously considering entering the passenger car market.

103. Govt expects Rs 24,000cr inflow in chip making
MIL/Agencies/BS    Mar 22, 2007    Author:

New Delhi/Mumbai March 22, 2007 - The government expects to attract an investment of around $6-10 billion (approx. Rs 24,000-44,000 crore) by luring two-three fabrication units with at an investment of $2-3 billion each by 2010 now that it has notified (given formal consent) to the semiconductor policy it had announced on February 22 this year.

104. International companies examine potential in North Korea
MIL/Agencies    Mar 19, 2007    Author:

March 19, 2007 – Some prominent global companies are considering to erect a building and filling it with equipment inside the world’s most isolated state. The North Korea has welcomed it.

105. 36 Indians in Forbes billionaires list
MIL/Agencies    Mar 9, 2007    Author:

New York, March 09, 2007 - Steel magnate Lakshmi Niwas Mittal and Reliance`s Ambani brothers are among the 36 Indian corporate honchos featuring in the Forbes magazine`s 2007 billionaires list unveiled today.

106. Stocks see biggest fall in 10 years
MIL/Agencies    Feb 28, 2007    Author:

Beijing, February 28, 2007 - The country's stock market yesterday suffered its steepest daily fall in the past decade, with the benchmark Shanghai Composite Index plunging nearly 9 percent to close at 2,771.

107. Sensex down by another 99.72 pts
MIL/Agencies    Feb 13, 2007    Author:

Mumbai, February 13, 2007 - The stock markets continued their downslides for the third successive session today as Bombay Stock Exchange benchmark Sensex touched one-month low of 13,957.70 before ending nearly 100 points down at 14,090.98 points on heavy selling by operators to check losses in a falling market.

108. Tatas offload 0.84% stake in TCS
MIL/Agencies    Feb 9, 2007    Author:

Mumbai, February 09, 2007 - Tata Consultancy Services informed the BSE that Tata Sons, principal investment holding company of the Tata Group, has offloaded 0.84 per cent in the company in open market transaction(s) between January 24 to February 6.

109. Interest rates left unchanged
MIL/Agencies    Feb 8, 2007    Author: Richard Blackden

February 08, 2007 - The Bank of England has today left interest rates unchanged at 5.25pc, in a move that was predicted by most City economists.

110. Chung Mong-koo, Hyundai boss jailed for three years
MIL/Agencies    Feb 5, 2007    Author:

February 05, 2007 - The head of South Korea’s Hyundai motors has been jailed for three years after being convicted of embezzlement.

111. To promote business, one may use Google Brand
MIL/Business Week    Feb 1, 2007    Author:

February 1, 2007 - Are Google investors getting spoiled? Even though Google (GOOG) managed to blow away fourth-quarter earnings on Jan. 31, its shares fell by about 1% in extended trading.

112. Tata Steel weighs up London fund-raising?
MIL/Agencies    Feb 1, 2007    Author:

London, February 1, 2007 - A day after its successful bid to take over Anglo-Dutch steel company Corus at 6.7 billion pounds, India's Tata Steel is examining plans for a London listing of global depositary receipts (GDRs), media reported on Thursday.

113. British Airways crew set to strike
MIL/Agencies    Jan 29, 2007    Author: Jyoti Pal

January 29, 2007 - British Airways continued negotiations with unions to try to ward off a strike by flight attendants on Tuesday and Wednesday. If the carrier does not reach an agreement with the union representing British-based cabin crews, it faces more possible walk-outs.

114. China's Economy Growing at Fastest Pace in 11 Years
MIL/Agencies    Jan 25, 2007    Author: Daniel Schearf

Beijing, January 25, 2007 - China says its economy grew by 2.7 percent in 2006, the fastest pace in 11 years. The record growth suggests Beijing's efforts to slow down the economy have not had much effect. Daniel Schearf reports from Beijing.

115. Maruti launches two diesel versions of swift
MIL/Agencies    Jan 24, 2007    Author:

January 24, 2007- Car market leader Maruti Udyog Ltd on Wednesday launched two variants of the diesel version of its premium hatchback 'Swift'.

116. Decks cleared for Indo-Russian production of fighter aircraft
MIL/Agencies/PTI/Hindu    Jan 24, 2007    Author:

New Delhi, January 24, 207 - Decks were today cleared for India to jointly develop and produce the fifth generation figher aircraft with Russia, with New Delhi making the "final choice" on the matter and Moscow saying the work on signing contracts on the deal could begin soon as per PTI.

117. ONGC, Reliance jointly eye Iraq oil field
MIL/Agencies    Dec 26, 2006    Author:

New Delhi, December 26, 2006 - State-run Oil and Natural Gas Corp. (ONGC) and its private competitor Reliance Industries Ltd. (RIL) are in talks to jointly develop Tuba oil field in southern Iraq, top ONGC officials said on Tuesday.

118. Industrial output slows to 6.2% in Oct
MIL/Agencies/Business standard    Dec 12, 2006    Author:

New Delhi, December 12, 2006 - The country's industrial output growth slowed to 6.2% in October 2006, the lowest this fiscal, on account of a slowdown in manufacturing production.

119. D-Street bleeds, Sensex sheds about 500 pts
MIL/Agencies    Dec 11, 2006    Author:

December 11, 2006 - The stockmarket plunged further in early afternoon trade on Monday led by ICICI Bank and State Bank of India after the Reserve Bank of India tightened monetary policy while Tata Steel dropped on its raised bid for Anglo-Dutch steel maker Corus.

120. Reserve Bank of India to announce steps on Rupee full float
MIL/Hindu/Agencies    Mar 20, 2006    Author:

New Delhi - With Prime Minister Manmohan Singh favoring full float of the Rupee, Finance Minister P Chidambaram today said the government and RBI would announce steps in the next few days on capital account convertibility of the Indian currency.

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