Monday, May 18, 2009

NEWS 18-05-2009

Best ever post-election rally for Dalal Street!
Dalal Street witnessed its best-ever post-election rally in history on Monday with the benchmark index jumping over 2,110 points or 17 per cent on the first trading day ...

While it's possible to be critical--scathing, even--of Barack Obama's handling of the financial crisis, his stewardship of America's foreign and security policy has been surprisingly deft. He's played a cautious ...

The return of the United Progressive Allaince to power may have raised hopes of reforms, but the new government could face a tough job pushing them because of political and global constraints ...

Indian banks expect demand for loans to accelerate as a Congress-led coalition, which defied predictions of a tight election, steps up the pace of economic reforms ...

India's foreign direct investment dropped in February to $1.4 billion, almost one-fourth of the inflows witnessed in the year-ago period, under the impact of the global credit crunch ...

Indian steel firms want the next government to control cheap imports of the alloy into the country to support the local industry and step-up investment in infrastructure to boost demand, officials said ...

Tata Steel Ltd, the world's sixth-largest steel producer, on Tuesday said its subsidiary, Tata Steel UK, has asked its lenders to reset the terms of the debt it took to buy Corus ...

Reliance Industries Ltd on Sunday started a 200,000 barrels-per-day Fluidised Catalytic Cracker (FCC) at its new 580,000 bpd refinery in Jamnagar, a trade source said ...

BHEL whose turbines & generators light up three of every four homes in India, expects as much as RS 70 Billion of new orders in the 1st quarter ...

Last week, it became the third telecom brand in the world to cross the 100-million subscriber mark. That took 15 years, but Airtel now wants to add another 100 million in just three years ...

The 212-million tonne cement industry’s demands seem to have no end. After a healthy quarter (January-March 2009)—due to robust demand from the infrastructure segment ...

Infosys Technologies Ltd expects outsourcing demand to pick up in early 2010, but the current business environment was challenging as a slowing world economy crimped spending ...

Indian Pharma coes suffered a setback as exports fell by 21% from a year ago as people in recession hit countries resorted to cut in there health care budgets ...

DGCI will soon start sending its officers to foreign countries to inspect the manufacturing facilities of multinational pharmaceutical companies importing drugs into India ...

After years of controversy and opposition from local retailers, Wal-Mart this month is poised to open its first store in India, launching an expansion that will include 10 more big-box outlets ...
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