Business News

  • India edible oil, oilseeds down on profit-taking Reuters - Wed, Mar 5

    Indian edible oil and oilseeds fell on Wednesday on profit-taking for the second consecutive day, tracking sell-offs in major vegetable oils markets in the world.

  • Labourers are seen working at a construction site as sun sets in New Delhi in this February 16, 2008 file photo. Finance Minister Palaniappan Chidambaram said on Wednesday he expects the economy to grow 8.8 percent plus in the 2008/09 fiscal year. REUTERS/Adnan Abidi/Files
    Chidambaram sees 8.8 pct plus growth in '08/09 Reuters - Wed, Mar 5

    Finance Minister Palaniappan Chidambaram said on Wednesday he expects the economy to grow 8.8 percent plus in the 2008/09 fiscal year.

  • Pratibha Ind JV gets 538.1-mln-rupee order Reuters - Wed, Mar 5

    Construction firm Pratibha Industries Ltd said on Wednesday a joint venture with Kirloskar Brothers Ltd has secured a contract to set up a water pumping station in Mumbai, worth 538.1 million rupees.

  • India's L&T wins $114 mln transmission line orders Reuters - Wed, Mar 5

    Indian engineering and construction firm Larsen & Toubro Ltd said on Wednesday it had won orders worth 4.6 billion rupees ($114 mln) for transmission lines.

  • The Bombay Stock Exchange (BSE) building is seen in Mumbai in this May 22, 2006 file photo. Indian shares opened down 0.1 percent on Wednesday and then bounced between losses and gains, with No. 2 bank ICICI Bank falling more than 3 percent. REUTERS/Punit Paranjpe/Files
    Sensex opens slightly down Reuters - Wed, Mar 5

    Indian shares opened down 0.1 percent on Wednesday and then bounced between losses and gains, with No. 2 bank ICICI Bank falling more than 3 percent.

  • JSW Steel crude steel production rises 8 pct in Feb Reuters - Wed, Mar 5

    JSW Steel Ltd said on Wednesday its crude steel production rose by eight percent in February.
    No other details were immediately available.

  • Finance Minister Palaniappan Chidambaram is seen in New Delhi in this February 29, 2008 file photo. Chidambaram said on Wednesday an investment boom in India was continuing but a sluggish farm sector was hurting overall growth. REUTERS/B Mathur/Files
    Chidambaram says farm sector hurting overall growth Reuters - Wed, Mar 5

    Finance Minister Palaniappan Chidambaram said on Wednesday an investment boom in India was continuing but a sluggish farm sector was hurting overall growth.

  • The Bombay Stock Exchange (BSE) building is seen in Mumbai in this May 22, 2006 file photo. Indian shares could extend their losses into fifth consecutive day on Wednesday due to growing worries about problems in global credit markets, with subdued Asian markets seen providing little support. REUTERS/Punit Paranjpe/Files
    Sensex seen lower for 5th day on credit woes Reuters - Wed, Mar 5

    Indian shares could extend their losses into fifth consecutive day on Wednesday due to growing worries about problems in global credit markets, with subdued Asian markets seen providing little support.

  • A man uses an electronic machine to check a currency note at a money exchange shop in Siliguri February 5, 2008. The rupee eased on Wednesday, as traders awaited cues from the stock market to see whether foreigners would continue selling their holdings in local equities and repatriate the funds. REUTERS/Rupak De Chowdhuri
    Indian rupee weakens in early trade, equities weigh Reuters - Wed, Mar 5

    The rupee eased on Wednesday, as traders awaited cues from the stock market to see whether foreigners would continue selling their holdings in local equities and repatriate the funds.

  • Logos of the carmakers Jaguar and Land Rover are pictured during the first media day of the 78th Geneva Car Show at the Palexpo in Geneva March 4, 2008. Tata Motors Ltd, India's top vehicle maker, would seek to nurture the Jaguar and Land Rover brands it was close to acquiring from Ford Motor Co, Chairman Ratan Tata said. REUTERS/Denis Balibouse
    Tata says to retain Jaguar, Land Rover image Reuters - Wed, Mar 5

    Tata Motors Ltd, India's top vehicle maker, would seek to nurture the Jaguar and Land Rover brands it was close to acquiring from Ford Motor Co, Chairman Ratan Tata said.

  • A man looks at the indicator board at the Australian Securities Exchange in Sydney March 3, 2008. Asian shares made cautious gains on Wednesday while oil and metals found some support after slipping back from record highs, as investors stayed focused on the threat of a U.S. recession hitting the global economy. REUTERS/Mick Tsikas
    GLOBAL MARKETS - Stocks subdued despite commodity cool off Reuters - Wed, Mar 5

    Asian shares made cautious gains on Wednesday while oil and metals found some support after slipping back from record highs, as investors stayed focused on the threat of a U.S. recession hitting the global economy.

  • Oil facilities are seen on Lake Maracaibo in Venezuela's western state of Zulia March 1, 2008. Oil edged up from an almost 3 percent tumble to below $100 a day earlier, as growing signs that OPEC would not raise output when it meets later on Wednesday balanced expectations of bearish U.S. oil stocks data. REUTERS/Jorge Silva
    Oil edges up ahead of OPEC meeting after 3 pct fall Reuters - Wed, Mar 5

    Oil edged up from an almost 3 percent tumble to below $100 a day earlier, as growing signs that OPEC would not raise output when it meets later on Wednesday balanced expectations of bearish U.S. oil stocks data.

  • Weather Channel bids due next week-sources Reuters - Wed, Mar 5

    The Weather Channel's sale is moving forward with bids due next week and interest is already coming from top media companies including NBC Universal, Time Warner Inc, CBS Corp and Comcast Corp, according to sources familiar with the matter.

  • 'Starve your neighbour' policy roils food trade Reuters - Wed, Mar 5

    Many nations are turning to export restrictions to ease soaring food prices, but such interventions may aggravate turmoil on world commodity markets, a leading research center has warned.

  • Traders work on the floor of the New York Stock Exchange, August 10, 2007. REUTERS/Shannon Stapleton
    U.S. STOCKS - Dow, S&P 500 drop with banks; Cisco cushions Nasdaq Reuters - Wed, Mar 5

    The Dow and S&P 500 fell on Tuesday as bank stocks slid on a broker warning about more losses at Citigroup and the Federal Reserve chairman said mortgage delinquencies and foreclosures were likely to rise.

  • The OPEC logo is seen on the rooftop of Vienna's OPEC headquarters in this file photo. REUTERS/Heinz-Peter Bader
    Bush urges OPEC to weigh pain of high oil prices Reuters - Wed, Mar 5

    U.S. President George W. Bush warned on Tuesday it would be a "mistake" for OPEC ministers meeting in Vienna to ignore the pain record-high oil prices are inflicting on the United States, the world's top energy consumer.

  • A Citibank branch is pictured in Singapore January 22, 2008. REUTERS/Alywin Chew/Files
    Citigroup at 9-year low on capital, write-down worries Reuters - Wed, Mar 5

    Citigroup Inc shares sank to their lowest level in more than nine years on Tuesday after a prominent Middle East investor said the largest U.S. bank needs to raise more capital and an analyst projected a $15 billion mortgage write-down.

  • An oil rig is seen in China's Bohai Sea in this file photo. REUTERS/China Newsphoto/Files
    Oil falls 3 percent as stock markets slide Reuters - Wed, Mar 5

    Oil tumbled more than 3 percent on Tuesday as a global stock market slide prompted profit-taking ahead of OPEC's meeting in Vienna and dragged prices further from a record near $104 a barrel.

  • A Citibank branch is pictured in Singapore January 22, 2008. Citigroup Inc shares sank to their lowest level in more than nine years on Tuesday after a prominent Middle East investor said the largest U.S. bank needs to raise more capital and an analyst projected a $15 billion mortgage write-down. REUTERS/Alywin Chew/Files
    Citigroup at 9-yr low on capital, write-down worry Reuters - Tue, Mar 4

    Citigroup Inc shares sank to their lowest level in more than nine years on Tuesday after a prominent Middle East investor said the largest U.S. bank needs to raise more capital and an analyst projected a $15 billion mortgage write-down.

  • File photo of silver jewellery on display at a shop in Jammu, August 27, 2007. India's silver demand is expected to remain slack this month, with prices seen firm and targeting new highs as more funds in Western markets move to precious metals boosting prices, analysts and traders said. REUTERS/Amit Gupta/Files
    India silver demand low, prices seen aiming at highs Reuters - Tue, Mar 4

    India's silver demand is expected to remain slack this month, with prices seen firm and targeting new highs as more funds in Western markets move to precious metals boosting prices, analysts and traders said.


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