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India Finance News

  • CAFAmerica Appoints David Venne Interim CEO Wednesday, July 20, 2011 @ 3:29AMWASHINGTON -- Charities Aid Foundation America (CAFAmerica) announced today that after nine successf...
  • India Finance Ministry: Measures To Contain Inflation Can Hurt Short-Term Growth Wednesday, July 20, 2011 @ 3:28AMIndia Finance Ministry: Measures To Contain Inflation Can Hurt Short-Term Growth
  • Now, Bajaj wants to set up a plant in Gujarat Wednesday, July 20, 2011 @ 3:02AMBajaj Auto is planning to set up its fourth and largest plant near the Mundra port in Gujarat. The plant will also manufacture the long-awaited passenger car the company is developing with Nissan-Renault.
  • Strengthening India-US strategic partnership:Clinton calls on Finance Minister Wednesday, July 20, 2011 @ 1:30AMNew Delhi, Jul 19 : Union Finance Minister Pranab Mukherjee and US Secretary of State Hillary Clinton reiterated their commitment to further deepen and broaden Indo-US relationship and scaling up India-US Strategic and Economic Partnership.
  • Hillary Clinton to meet Jayalalithaa today Wednesday, July 20, 2011 @ 1:14AMChennai, July 20 : US Secretary of State Hillary Clinton, who is on a three-day official visit to India, will meet Tamil Nadu Chief Minister Jayalalithaa here today.
  • Research and Markets: A Railways in India 2011 Report - Understand the Delhi-Mumbai Industrial Corridor, Intra-City ... Wednesday, July 20, 2011 @ 1:10AMResearch and Markets has announced the addition of the "Railways in India 2011" report to their offering.
  • Government approves FDI proposals worth 3,844.70 cr Wednesday, July 20, 2011 @ 12:48AMNew Delhi, Jul 19 : The Union Government today approved 31 foreign direct investment (FDI ) proposals worth Rs 3,844.70 crore, an official statement said here.
  • India Will Take Months to Control Inflation, Ahluwalia Says Wednesday, July 20, 2011 @ 12:44AMIndia will take several months to reduce inflation to “an acceptable level,” and the central bank’s interest-rate increases haven’t hurt the economy, Prime Minister Manmohan Singh’s top economic aide said.
  • Achieve 10,000 MW wind energy in 5 years: Chief Minister Wednesday, July 20, 2011 @ 12:42AMHyderabad, Jul 19: Andhra Pradesh Chief Minister N Kiran Kumar Reddy today directed the NEDCAP Officials to prepare a comprehensive action plan to achieve 10,000 MW of wind power during the next five-year period.
  • New finance secretary New Delhi, July 19: Tuesday, July 19, 2011 @ 5:28PMR.S. Gujral, who was appointed revenue secretary last month, will be the new finance secretary. Gujral, a 1976 batch IAS officer from the Haryana cadre, will steer next year’s budget. Gujral will succeed Sunil Mitra.
  • Farm fillip for industry Tuesday, July 19, 2011 @ 5:27PMNew Delhi, July 19: Industry has received a shot-in-the-arm from an all-time high agricultural production in the last fiscal.
  • Bangla FDI cleared Tuesday, July 19, 2011 @ 5:27PMNew Delhi, July 19: The government today approved 31 FDI proposals worth Rs 3,844 crore, including Bangladesh-based Southern CNG Automobiles’ plan for a CNG or LPG conversion workshop and refuelling stations in Bengal at an investment of Rs 4.59 crore.
  • Somdev gets past Sweeting Norcross: Tuesday, July 19, 2011 @ 5:21PMJames Blake rallied to win a second-set tiebreaker and overcame a 1-hour, 18-minute rain delay Monday night for a 5-7, 7-6 (5), 6-2 victory over Ernests Gulbis of Latvia in the first round of the Atlanta Tennis Championships.
  • RARE OPPORTUNITIES Tuesday, July 19, 2011 @ 5:17PMHillary Clinton loves to visit India. This is one country where she can be herself. Or at least as much of herself as her job as the most high profile member of an American president’s cabinet will allow her to be.
  • F.B.I. Arrests Man Said to Be a Front for Donations Tuesday, July 19, 2011 @ 4:46PMSyed Ghulam Nabi Fai is accused of conspiring to act as an unregistered agent of the Pakistani government.
  • Now, lease a Merc at 50% of price Tuesday, July 19, 2011 @ 4:41PMEver dreamt of owning a Mercedes at half the cost. It is possible now with the German luxury carmaker offering 'individual lease' options to customers who can now get a new car on lease instead of buying it with full payment.
  • Mercedes Benz to start leasing cars Tuesday, July 19, 2011 @ 4:12PMGerman auto giant Mercedes Benz will enter into leasing operations by the end of the year.
  • Tax evasion impairs economic growth Tuesday, July 19, 2011 @ 12:57PMKUALA LUMPUR: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah reminded taxpayers here not to evade their tax responsibilities as it could depress the country's economic growth.
  • CAFAmerica to Name New CEO With the Departure of Susan Saxon-Harrold Tuesday, July 19, 2011 @ 12:37PMContact: Patrick Mitchell, for CAFAmerica, +1-703-276-3266, pmitchell@hastingsgroup.com
  • Pakistan's first woman foreign minister Hina Rabbani Khar sworn in Tuesday, July 19, 2011 @ 12:13PMPakistan's first woman foreign minister - and also its youngest - was sworn in on Tuesday, ending a five-month job vacancy a week before crucial peace talks in India.
  • Infra debt fund norms will be finalised soon, Pranab tells Hillary Tuesday, July 19, 2011 @ 12:06PMThe RBI and SEBI are expected to soon finalise guidelines for infrastructure debt funds, paving the way for US pension funds and other long-term investments to flow into infrastructure sector here.
  • Life after the City Tuesday, July 19, 2011 @ 11:57AMMissing the street food of his native India, UBS structured finance lawyer Mathew Chandy left to create a new style of fast-food restaurant - and, in the process, named a new snack. Forget the burrito and put down the wrap... meet the mooli.
  • Daimler launches financial services in India Tuesday, July 19, 2011 @ 11:33AMChennai, July 19 : German car corporation Daimler AG on Tuesday announced the official launch of its Financial Services unit in India.
  • Clinton meets Sonia Gandhi Tuesday, July 19, 2011 @ 11:27AMNew Delhi, July 19 : US Secretary of State, Hillary Clinton on Tuesday met Sonia Gandhi, the chairperson of the United Progressive Alliance, in New Delhi.
  • Clinton pushes India on market access Tuesday, July 19, 2011 @ 11:27AMNew Delhi, July 19 : U.S. Secretary of State Hillary Clinton on Tuesday urged India to open markets faster, as American companies hope to make billions of dollars in new businesses.
  • Hillary Clinton meets Manmohan Singh Tuesday, July 19, 2011 @ 11:26AMNew Delhi, July 19 : US Secretary of State Hillary Clinton on Tuesday met India's Prime Minister, Manmohan Singh, at his official residence in New Delhi.
  • Press Releases: U.S.-India Strategic Dialogue Joint Statement Tuesday, July 19, 2011 @ 8:37AMU.S.-India Strategic Dialogue Joint Statement Media Note Office of the Spokesperson Washington, DC July 19, 2011 Following is the text of the joint statement by U.S. Secretary of State Hillary Rodham Clinton and India’s Secretary Clinton and India’s Minister of External Affairs Shri S.M. Krishna on the U.S.-India Strategic Dialogue. India’s Minister of External Affairs Shri S.M. Krishna and the ...
  • Axiom Gold and Silver Corp. President's Letter Tuesday, July 19, 2011 @ 8:26AMTUCSON, ARIZONA--(Marketwire - July 19, 2011) - Axiom Gold and Silver Corp. (OTCQB:AXIO)(Berlin:0X0) is pleased to provide its quarterly "President's Letter".
  • Daimler Financial Services bets big on lease deals Tuesday, July 19, 2011 @ 8:13AMIn an attempt to accelerate the sales growth of the Mercedes Benz luxury cars, Daimler Financial Services, the financial arm of German auto giant Diamler AG, is looking at lease financing on a big way, said a top compnay official.
  • Clinton pushes India on nuclear law, market access Tuesday, July 19, 2011 @ 8:09AMU.S. Secretary of State Hillary Clinton urged India on Tuesday to amend a law that has put off U.S. companies from taking part in the $150 billion nuclear energy market and further open up Asia's third largest economy to foreign investment.
  • Top Debt funds to invest Tuesday, July 19, 2011 @ 7:54AMBangalore: Confused about which Mutual Fund to invest in? Sharekhan suggests the best debt-oriented schemes available in the market today based on the Average rolling returns for one and two years, Sharpe ratio, Fama (net selectivity), Credit quality and Average Maturity.
  • Wipro resolves technical bug on ESIC's portal Tuesday, July 19, 2011 @ 7:47AMLast week, Employees' State Insurance Corporation, a health insurer under the ministry of labour and employment, had said that its portals are facing technical problems, causing inconvenience to users.
  • Passport Potash Inc. Announces New Board Appointments Tuesday, July 19, 2011 @ 7:45AMVANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - Passport Potash Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) is pleased to announce the appointment of John Eckersley to the Board of Directors of Passport Potash Inc. (the "Board"). Mr. Eckersley has practiced law as a solo practitioner since 1999. His practice focuses on securities compliance, corporate governance and estate planning. He is ...
  • Firm brings microfinancial aid to U.S. students Tuesday, July 19, 2011 @ 7:33AMAn innovative method of helping students pay for college in Latin America has landed in the United States - and 15 California students serve as its willing guinea pigs. "For me, it's absolutely wonderful," said...
  • Clarke talks up the Tests Tuesday, July 19, 2011 @ 7:32AMMICHAEL Clarke wants the game's powerbrokers to ensure the future of traditional Test matches, as Twenty20 swamps cricket.
  • World stocks get boost as Europe rebounds Tuesday, July 19, 2011 @ 4:34AMWorld stock markets get boost as Europe rebounds, though Asia weak amid debt worries
  • Global Stocks Mixed; Nikkei Slips 0.9% Tuesday, July 19, 2011 @ 4:33AMSEOUL, South Korea -- Lackluster world stocks got a boost Tuesday from an early rebound in Europe and the U.S. as debt worries that have shadowed both regions in recent days kept Asian markets largely in check. In Asia, Japan's Nikkei 225 stock average extended losses to decline 0.9% to 9,889.72 after being closed for a national holiday Monday. Hong Kong's Hang Seng recovered from earlier ...
  • Varun Beverages concludes $56 mln pvt equity financing with SCPE Tuesday, July 19, 2011 @ 4:28AMNew Delhi, Jul 19: Varun Beverages (International) Ltd (VBIL) today said it has concluded a 56 million dollars private equity financing with Standard Chartered Pvt Equity Ltd, in order to accelerate growth in its beverages business in India and overseas.
  • RPP Infra projects passes pre-qualification norms in Indonesia Tuesday, July 19, 2011 @ 4:28AMMumbai, Jul 19: R.P.P. Infra Projects Ltd, one of India's leading company engaged in business of infrastructure development such as highways, roadways, bridges, civil construction works, irrigation, water supply projects and power plants has passed the pre-qualification norms for the Mamuju IPP Power Project in Indonesia through its consortium with Truba Manunggal Power & KSK Energy Ventures Ltd.
  • Markets near day's high Tuesday, July 19, 2011 @ 4:19AMMarkets have rebounded smartly to a high, on the back of buying in index heavyweights. The Sensex recovered 208 points from the day's low to touch a high of 18,689. The BSE benchmark is now up 135 points at 18,641. Nifty is up 44 points at 5,611.
  • SutiSoft Announces the Release of SutiExpense Spanish, its On-Demand Solution for Managing Expense Reporting for ... Tuesday, July 19, 2011 @ 4:05AMSutiSoft announces the release of the Spanish version of SutiExpense, its On-Demand solution for managing the entire expense reporting process. (PRWeb July 19, 2011) Read the full story at http://www.prweb.com/releases/2011/7/prweb8652397.htm
  • India tweaking laws to check money laundering Tuesday, July 19, 2011 @ 4:03AMCommitted to the full implementation of international standards to combat money laundering and terror financing, India on Tuesday said it was making suitable amendments to converge the country's existing laws with the recommendations of the global Financial Action Task Force.
  • Indian firm to build sugar mill in Ethiopia Tuesday, July 19, 2011 @ 3:26AMBy Groum Abate , Addis Ababa, July 19 : An Indian company is planning to build a new sugar mill in Ethiopia, the east African nation that is attracting a lot of Indian investment and attention.
  • Revive development finance institutions Monday, July 18, 2011 @ 1:51PMAt a recent meeting between the Finance Minister, Mr Pranab Mukherjee, chairman of public sector banks and officials from the Reserve Bank of India, the latter had mooted the idea of allowing insurance and pension funds to invest in the infrastructure sector.
  • Peguform acquisition: Positives justify higher valuations Monday, July 18, 2011 @ 1:40PMDeal to give Motherson group access to technology and strengthen relationship with Europe’s top car makers.
  • Q&A: M Veerappa Moily, Minister for Corporate Affairs Monday, July 18, 2011 @ 1:39PMCorporate affairs minister M Veerappa Moily says he intends to strengthen the checks against corporate fraud in a time-bound manner. Edited excerpts from an interview with Joe C Mathew :
  • Q&A: R Sridhar, MD, STFC Monday, July 18, 2011 @ 1:38PMShriram Transport Finance Company (STFC), a non-banking financial company (NBFC) in the niche pre-owned and new truck and commercial vehicle (CV) financing space, has seen its stock dip 17 per cent in the last three months.
  • Good factory health will mean fair returns for cane growers Monday, July 18, 2011 @ 1:37PMThe sheer number of farmers growing cane is too important a constituency that ruling parties in states like Uttar Pradesh would stop pandering to, for the sake of an ideal, long-delayed reform. Its entry would allow the Centre alone to fix incentivised prices of an important cash crop, without the states getting involved. It is because of the stifling of factory operations by the governments at ...
  • IDBI to float infra debt fund Monday, July 18, 2011 @ 1:37PMWorking on details, may use asset management route; could transfer part of Rs 20,000-crore existing portfolio of infrastructure loans.
  • Lupin may sell India unit Monday, July 18, 2011 @ 1:34PMLupin Ltd, the world’s largest maker of drugs to fight tuberculosis, is considering selling its unit that markets medicines in India, two people with knowledge of the matter have said.