Union Finance Minister P Chidambaram has asked public sector banks to go slow on disbursals of home and other consumption loans to help fight inflation.
Succumbing to pressures from the Left parties, the committee on infrastructure, set up under the chairmanship of Prime Minister Manmohan Singh
The rupee is expected to remain unusually stronger for about a month as inflation concerns are likely to keep the Reserve Bank of India away from the market.
Over 30 domestic pharmaceutical companies, including Ranbaxy, Cipla, Nicholas Piramal, Zydus Cadila and Torrent, face a possible ban on the sale of the generic version of Merck's pain management drug in the Indian market.
Trade ministers of the Group of Six (G-6) countries resolved on Thursday to conclude the six-year-old Doha Round of trade talks by the end of the year.
Citigroup Inc yesterday announced its decision to slash 17,000 jobs.
Thirty-four of the CEOs polled, or 89.5 per cent, said they would not scale down business projections for 2007-08, though 28 of them, or 73.7 per cent, expect money to become costlier.
The two petrol models of the Logan are priced between Rs 428,000 and Rs 644,000, while its diesel model's price range is Rs 547,000 to Rs 651,000. The range overlaps the pricing of the premium hatchbacks as well as of mid-size cars.
The country's leading steel companies were considering a price increase of Rs 1,000-2,000 per tonne from April 1, despite a partial rollback last month.
Led by an unprecedented boom in domestic consumption, the country achieved an average GDP growth of 8.6 per cent over the past three years. For 2006-07, growth is forecast at 9.2 per cent, the fastest in 18 years.
Tata Power, the country's largest private utility by sales, announced the acquisition of 30 per cent stake in two coal mining units and a related trading outfit of Indonesia's PT Bumi Resources for nearly Rs 4,740 crore ($1.1 billion).
The income tax (I-T) department in Mumbai has requested Vodafone to make an application to the assessing officer for determining the exact tax liability resulting from buying out 62 per cent equity stake from Hutchison in Hutchison Essar Ltd.
Though advertisers cannot force re-negotiations on ad rates, as they are bound by contracts, the dip in viewership and waning interest among Indian viewers is irking them.
The event has seen participation of 111 business delegations from Italy, which is one of the biggest delegations so far.
The average rating of 7.13 for the India-Sri Lanka match fell to 1.85 for the Australia-South Africa match on Saturday.
Casual advertisers that bought spots for India's matches are certain to pull out, delivering a blow of Rs 125-150 crore (Rs 1.25-1.5 billion) to Sony Entertainment Television, the official broadcaster.
Refrigerators or ACs could be dearer soon as the consumer durable companies start conforming to energy efficiency standards.
French banking major in equity tieup talks with NBFC, housing finance firm.
With the bidding for the generics business of Merck set to begin from Monday, domestic pharmaceutical companies in the fray, Ranbaxy Laboratories and Dr Reddy's Laboratories, are unlikely to go for an all-out bidding war.
Mahindra & Mahindra (M&M), the country's largest tractor company, has acquired the controlling stake in Punjab Tractors Ltd (PTL), the fourth largest tractor firm, outbidding Hinduja group firm Ashok Leyland.
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