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Sat, 10 May 2008 3:18 pm PDT
 

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 Business and Finance news from India, grabbed every few minutes

 The Hindu Business Line 
Sun, 11 May 2008
•  Weekly News Round-up 
•  Indian mutual funds shop globally to woo locally 
•  ‘Drop in steel prices some relief, but not much’ 
•  7 new services under tax net from May 16 
•  BHEL takes over BHPV, inks pact for power plant at Vijayawada 
•  April shows renewed interest in gold ETFs 
•  SBI to tap semi-urban, rural areas for growth, will add 1,000 branches 
•  New exit scheme mooted for quick disposal of insolvency cases 
•  Steel honchos 
 Webindia123 - Business 
Sun, 11 May 2008 3:38:18 +0530
•  British Energy sale attracts few offers 
•  BAMS contract boosts Northrop Grumman 
•  Judges affirms Louisvilles dog law 
•  Consumers prepare for postage hike 
•  Investment firm buys Sallie Mae stake 
•  Office 2007 update available June 16 
•  BAA may hurry sale of Gatwick Airport 
•  Beirut unrest hits local businesses 
•  GM Canada targeting labor costs 
•  Valet power strips recalled 

 The Times of India - Business 
Sun, 11 May 2008 03:18:46+0530
•  President gives assent to Finance Bill 2008 
•  Esmark of Essar in legal tangle with ArcelorMittal 
•  Price cut must reach consumers 
•  Blackstone, Reliance buy into Everonn 
•  DoT to ring PMO for 3G spectrum auction views 
•  Fitch may cut Bharti rating on MTN bid 
•  Thanks to inflation, you are losing money on FDs 
•  Heidelberg, Indorama, Mysore Cements to merge 
•  Skoda plans small car for India 
•  Ranbaxy set to ink deal with Merck 
 Bloomberg 
Provided by Newslookup.com  Sat, 10 May 2008 18:14 EDT
•  Paulson, Trichet Signal Satisfaction at Dollar's Recovery Since G-7 Shift 
•  U.S. Stocks Post First Weekly Drop in a Month as AIG, Banks Lead Declines 
•  News Corp. Drops Bid for Tribune Co.'s Newsday, Says It Was `Uneconomical' 
•  FedEx Lowers Fourth-Quarter Profit Forecast Because of Surging Fuel Costs 
•  Venezuela, China to Pump Oil in Orinoco, Supply Planned Chinese Refinery 
•  Yen Posts Biggest Weekly Gain Versus Euro Since January on Credit Losses 
•  Clinton, Obama Preferred Over McCain on Handling the Economy, Poll Shows 
•  Hezbollah Pledges to Pull Out of Beirut as Lebanese Army Makes Concessions 
•  Obama Says He's Willing to Debate McCain at Town Hall Events This Summer 
•  Lampert, Wood Reveal Failings of `Concentrated' Stock Hedge Fund Strategy 

 newKerala.com - Business News 
Sun, 11 May 2008 03:45:40 +0530
•  Market hit by rising crude price, inflation(Weekly Market Review) 
•  Xenitis forecasts Rs.13 bn turnover for 2008-09 
•  Indian banana sets sail for Saudi Arabia 
•  Essar Power's investment plans approved 
•  Kotak Mahindra's profit up 84 percent 
•  Pandit to reveal turnaround strategy for Citigroup 
•  Sensex plummets by over 400 points (Roundup) 
•  Equities markets stay flat early afternoon (Second Lead) 
•  OPEC crude price close to USD 117 
•  Artech India launches Akshar Office - A complete office productivity package 
 Marketwatch.com 
Provided by Newslookup.com  Sat, 10 May 2008 18:14 EDT
•  NewsWatch: Stocks headed for troubled waters from oil, consumption woes 
•  South Korea to boost avian flu drug stockpile 
•  Pappas Telecasting files for bankruptcy, blames CW ratings 
•  South Koreans protest U.S. beef 
•  Myanmar referendum backing junta rule: reports 
•  News Corp. bows out in Newsday battle: report 
•  Hezbollah-led forces stand down in Beirut: report 
•  Emerging Markets Report: Israeli stocks chart a prosperous 60-year path 
•  NewsWatch: Stocks headed for troubled waters from oil, consumption woes 
•  Shanghai Gold Exchange wants foreign members incorporated in China 

 Rediff - Business 
Sat, 10 May 2008 21:39:00 GMT
•  8 financial tips for young adults 
•  Ten cool things to make 
•  How CEOs stay on top of their game 
•  Sell or hold your realty investments? 
•  Gujarat to start e-medicine in all villages 
•  Ranbaxy to tie up with Merck 
•  Bringing nature home, inexpensively 
•  The fashion billionaires 
•  Turning bad water into good 
•  The threat of global food shortages 
 Rediff - Personal Finance 
Sat, 10 May 2008 21:39:06 GMT
•  All you want to know about thematic funds 
•  5 mutual fund myths debunked 
•  Index funds fast losing the low-cost edge 
•  Mutual fund roundup: April 2008 
•  Negotiating salary? 4 important tips 
•  Mutual fund 'schemes' of a different kind 
•  FMPs vs FDs: Which side are you on? 
•  Good portfolio=15% return per year 
•  India attracts most PE investments in Asia: Report 
•  US64 Bonds up for redemption: What's next? 

 Moneycontrol 
Sat, 10 May 2008 23:59:01 GMT
•  Rich Knits beats the stock market blues 
•  NCDEXTrade details for May 09, 2008 
•  Madonna album to premier exclusively on Vodafone 
•  Oxigen Kwality Wall’s announce innovative promotion 
•  Pankaj Kapoor appointed as MD of Harrison Malayalam 
•  SBI hikes interest rates on FCNR(B),NRE (Rupee) deposits 
•  PTC India’s PAT increased by 231% to Rs 19.22cr 
•  UTI Dividend Yield Fund declares taxfree dividend of 7% 
•  LANXESS to coordinate leather chemicals sales frm Singapore 
•  DAMAC Properties declare winners of Dubai Shopping Festival 
 The Hindu - Business 
Sun, 11 May 2008
•  Global community keenly looking forward to Chinese tea party 
•  Godrej Appliances to make foray into TV 
•  Nilekani to give IT impetus to power sector 
•  Bullion Rates 
•  Bangladesh to reopen talks with Tata 
•  Dish TV to offer free set-top boxes 
•  ArcelorMittal sells U.S. steel mill 

 Sify - Finance 
Sun, 11 May 2008 3:40:03 +0530
•  Blue Star launches eco-friendly VRF AC systems 
•  BHEL acquires firm, to set up power plant 
•  IRDA permits Canara, HSBC, OBC to jointly launch Insurance 
•  Mahindra hikes vehicle prices by 1.5-2.5% 
•  Infotech bags contract from Australia 
•  LG ties up with BSNL, offer schemes for customers 
•  Indian industry looks to investing in bio-fuel in S America 
•  Weekly Wrap: High crude prices, inflation send Sensex crash 
•  Troikaa unit in Sanand by 2010 
•  Man Force to boost CV sales 800% 
 The Economic Times 
Sun, 11 May 2008 02:55:58+0530
•  Govt asks banks to launch debt swaps for farmers 
•  FDI norms in insurance sector could ease: FM 
•  Loan waiver may push repayment out of circulation 
•  No proposal to set up sovereign wealth fund: FM