Vol XXXVI (No. 11), 21 Nov 2008  

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141. India asks Iran to honor its contract on LNG
MIL/Agencies    Apr 27, 2007    Author:

New Delhi, April 27: India has asked Iranian President Mahoud Ahmadinejad to honor its commitment to sell 5 million tonnes of LNG annually to New Delhi to maintain the credibility of its nation. The contract was made in June 2005.

142. RBI issues guidelines for rupee interest rate derivatives
MIL/Agencies    Apr 22, 2007    Author:

Mumbai, April 22.2007- The Reserve Bank is reported to have issued detailed norms for banks and primary dealers, asking them to trade in rupee interest rates derivatives only with those who understand the risks associated with these products

143. Rising rupee is great worry for Indian exporters
MIL/Agencies/IE    Apr 19, 2007    Author:

New Delhi, April 19, 2007 – Indian exporters are suffering due to appreciation of rupee. A survey by the United Nation’s Economic and Social Commission for Asia and Pacific (ESCAP) has listed exchange rate management as the biggest challenge that will have to be countered by the region’s growing economies.

144. Tata Motors targets to double Fiat sales this year
MIL/Agencies    Apr 7, 2007    Author:

Ludhiana, April 7, 2007 - The country's top automobile firm Tata Motors expects to sell over 3,000 Fiat branded cars in India during the current fiscal.

145. Soon, CAS will be mandatory in all metros, satellite towns
MIL/Agencies    Apr 6, 2007    Author:

New Delhi. April 6, 2007 - All cable TV viewers in Delhi, Mumbai and Kolkata and the satellite towns of these metros will soon require a set-top box (STB) to watch their daily dose of entertainment. The satellite towns include New Bombay and Thane for Mumbai and Ghaziabad, Faridabad and Gurgaon for Delhi.

146. Cement scrips bounce, shrug off duty cut blues
MIL/Agencies    Apr 4, 2007    Author:

Mumbai, April 4, 2007 - Cement stocks were hammered in the morning session today after the government abolished the 16% countervailing duty (CVD) and 4% additional customs duty on imported cement yesterday.

147. Rupee at 8-yr high on tight cash
MIL/Agencies/ET    Apr 4, 2007    Author:

Mumbai, April 4, 2007 - Rupee climbed to its highest level in nearly eight years on Wednesday, breaching 43 to a dollar as banks sold the US unit to raise funds to meet statutory reserve requirements.

148. 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.

149. 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.

150. 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.

151. 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.

152. 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.

153. 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.

154. 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.

155. 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.

156. 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.

157. 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.

158. 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.

159. 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.

160. 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.

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