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Saturday, March 29, 2008

Indian Business | Entertainment | Media Sector Latest Updates

Entertainment sector is a very diverse sector in India ranging from Multiplexes, Bollywood, Regional Movies, TV Sops, Reality game shows, Cricket live, Online entertainment, Online Gaming etc. Media Sector includes all the news channels, Magazines, News papers, other print Media, Electronic Media etc, also update yourself with latest updates from Auto Sector Updates , Jobs Sector Updates , Energy Sector Updates , Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.


Latest Updates of Entertainment Sector:

April 2008 Entertainment Sector Updates :

  • Hollywood's Jackie Chan keen to work in Indian films - (26/4/2008)
  • Michael Eisner gets star on the Hollywood Walk of Fame - (26/4/2008)
  • Bollywood producers question sanctity of censor certificate
  • US places India and eight others in Priority Watch List - (25/4/2008)
  • Samsung looks to preload HDTV sets with music & films - (25/4/2008)
  • Shopkeepers protest presence of Govinda's film unit in mall - (25/4/2008)
  • Chak De...' and 'OSO' rule the roost at IIFA technical awards - (25/4/2008)
  • No change in revenue sharing terms: Yash Raj Films - (25/4/2008)
  • Pyramid Saimira to invest Rs 2,500 cr on expansion - (25/4/2008)
  • Production boom in Bollywood despite box office lull - (25/4/2008)
  • NFL cheerleaders at IPL signal reverse outsourcing - (25/4/2008)
  • Bollywood turns to Lalu to prevent piracy - (24/4/2008)
  • Pakistanis taking IPL like movies with popcorn: Shoaib Malik - (24/4/2008)
  • IPL frenzy may hit Bollywood box office - (24/4/2008)
  • Gaming portal ties up with Kolkata Knight Riders - (24/4/2008)
  • KMC asks CAB, Red Chillies, Pepsi to pay tax - (23/4/2008)
  • Sizzling Sehwag leads Delhi Daredevils to easy victory - (23/4/2008)
  • Bollywood piracy fighters take battle to US Congress - (22/4/2008)
  • Hindi version of 'Samjhota Express' to be launched in Delhi - (22/4/2008)
  • Ray's Kanchenjunga to be digitally restored from copy - (22/4/2008)
  • Mix of cricket, Bollywood working wonders for IPL - (22/4/2008)
  • Matches & players covered for Rs 650 cr - (22/4/2008)
  • Hollywood veterans build digital-age studio Filmaka - (21/4/2008)
  • Nandita Das ready with her directorial debut - (21/4/2008)
  • Pyramid Saimira to invest Rs 4 bn in China JV - (21/4/2008)
  • Pyramid Saimira in digital film exhibition - (21/4/2008)
  • Islamic comics group ties up with Chandamama for 'The 99' - (21/4/2008)
  • Shotgun for film development corporation in J&K - (20/4/2008)
  • Adlabs to get into megaplexes, plans 15 destinations - (20/4/2008)
  • IPL action limited to host cities - (19/4/2008)
  • Festival of B R Chopra's film inaugurated - (19/4/2008)
  • Saimira floats JV with China Society Music - (19/4/2008)
  • Kolkata Knight Riders beat Bangalore Royal Challengers by 140 runs - (18/4/2008)
  • Mexico eyes Indian film industry; Kollywood takes lead - (18/4/2008)
  • Cheaper costs woo Warner Bros, Disney to Bollywood - (18/4/2008)
  • Ground realities improve as IPL rings in cash - (18/4/2008)
  • Govt plans to monitor news channels, FM radio stations - (18/4/2008)
  • City branding to ride on cricket charisma - (18/4/2008)
  • Ground realities improve as IPL rings in cash - (18/4/2008)
  • Hollywood, Bollywood seek to stamp out piracy together - (17/4/2008)
  • Delhi to host festival of B R Chopra films - (16/4/2008)
  • Manmohan Shetty plans sports film - (16/4/2008)
  • 'Indian cinema catching up with international standards' - (15/4/2008)
  • 'Krazzy 4' case highlights Bollywood's copyright woes - (15/4/2008)
  • Compact Disc board approves raising $38.5 mn debt - (15/4/2008)
  • Taare Zameen Par could change the face of education in India - (14/4/2008)
  • Breaking the mould: Bollywood pegs hope on special roles - (14/4/2008)
  • Parliament approval must for releasing Indian films: Rafique - (13/4/2008)
  • Bollywood owes business to 10-24 age group - (13/4/2008)
  • Govt gives 'in principle' approval for CAS in 4 metros - (13/4/2008)
  • Summer '08 promises to be a big-bang entertainment party - (12/4/2008)
  • Treading new paths is key to success in TV industry: Ravi Chopra - (12/4/2008)
  • My conscience is clear: Rakesh Roshan on plagiarism charge - (12/4/2008)
  • R-ADAG arm buys Digital Images for $18 million - (10/4/2008)
  • PVR, Adlabs, SET Max in talks for screening rights of IPL - (10/4/2008)
  • IPL serious competition for TV soaps - (9/4/2008)
  • HC issues notice to Anil Kapoor, Ghai over Black & White - (9/4/2008)
  • Reliance Big Entertainment buys digital images business of US firm - (9/4/2008)
  • Ripleys chooses B'lore to strengthen its brand equity in India - (9/4/2008)
  • Rakesh Roshan's Krazzy 4 runs into legal trouble - (8/4/2008)
  • Delhi govt to evaluate CAS performance in city - (8/4/2008)
  • Pyramid Saimira to produce 52 films this year
  • Satyam to invest Rs 250 cr to open 104 screens by 2010
  • Afghanistan set to ban Indian TV serials
  • Kuwait plans film festival in India
  • Bollywood stirs Britain's film sector
  • Mithun Chakraborty named lifetime trustee of Phalke Academy
  • Pakistani film Khuda Kay Liye released in India
  • Yashraj Films's revenue-sharing terms pinch multiplexes
  • India to show first Pakistan-made film in 43 years
  • UTV Software likely to pick up 20 pc stake in UTVi
  • Reliance Entertainment's Big cinemas ready to open in US
  • Bollywood keeps glamour quotient high at Lakme Fashion Week
  • Hollywood now outsources to India for visual effects
  • First Indian film festival in Kuwait
  • EROS to play Sony Entertainment Television, Sahara collections
  • It's a royal challenge to make money in IPL
  • Karan Johar to direct 20th Century Fox’s India dreams
  • Batman series director teams up with Kahaani
  • Shetty, Gidwani pick up majority in Frameboxx
  • Hindi cinema joins race to cross LoC
  • Goa govt hikes entertainment tax to 10% on casinos
  • Eminent Bollywood filmmakers deliberate on success formula for box-office hits
  • Global players eye flourishing Indian entertainment industry
  • Nimbus plans to launch cricket web portal
  • Indian entertainment industry to grow over 16 per cent a year
  • Bangkok is hottest destination for Bollywood
  • DD viewers to miss South Africa Test series
  • Katrina Kaif bags Rs 12 cr on corporate deal
  • Inox Leisure to invest Rs 400 cr in 260 screens

Media Sector Latest Updates:

April 2008 Media Updates :

  • No ban on airing of any news channel: Govt - (26/4/2008)
  • Prasar Bharti employees on fast-unto-death - (25/4/2008)
  • New deadline for ban on Indian shows on Afghan television - (23/4/2008)
  • TRAI for FM stations airing AIR content - (23/4/2008)
  • Govt to review FDI cap in I&B - (23/4/2008)
  • Wall Street Journal Managing Editor to resign - (22/4/2008)
  • Issue of striking Prasar Bharti employees raised in Lok Sabha - (22/4/2008)
  • Ex-White House press chief joins CNN - (22/4/2008)
  • Mjunction in talks to buy out IPFonline for $20 million - (21/4/2008)
  • Broadcast World hosts preview of TV Southasia - (19/4/2008)
  • India mulls global BBC-like channel - (19/4/2008)
  • INS urges centre to bring down newsprint cost - (17/4/2008)
  • Regulator backs govt's plan to cut DTH licence fee - (17/4/2008)
  • Newsprint price hike forces newspapers to hike ad rates - (17/4/2008)
  • NDTV to evaluate restructuring options - (16/4/2008)
  • Govt examining allowing FM radio channels to air news - (16/4/2008)
  • DTH operators form industry body; ask govt to cut tax - (16/4/2008)
  • Govt willing to speed up process of digitalisation: Dasmunsi - (16/4/2008)
  • Shanda partners Zapak to bring Crazy Kart into India - (16/4/2008)
  • Kasturi in talks with Fairfax Media - (16/4/2008)
  • Mumbai franchisee hoping for solution to IPL-media row - (14/4/2008)
  • DTH players now look to sell air time - (12/4/2007)
  • Turner International for more TV channels, animation in India - (10/4/2008)
  • IPL facing possible media boycott - (10/4/2007)
  • STAR in talks to acquire majority stake in Asianet - (10/4/2008)
  • Some media accreditation terms still harsh: Editors Guild - (9/4/2008)
  • TV18 reschedules open offer for Infomedia - (9/4/2008)
  • Sponsorship Battle: SRK caught between IPL, Panchavi Paas - (9/4/2008)
  • Govt now to take CAS all over India - (9/4/2008)
  • IPL to meet media representatives on 7/4/2008 over IPL guidelines
  • US asks India to ease TV programme downlink rules
  • New TV channel for British Asians to be launched
  • Cyber Media acquires UBM-CyberMedia LLC
  • Dish TV adds 86k subscribers in March
  • Sam Balsara snaps up 51% in WPP arm Mediacom
  • Sahara One ties up with NDTV Media
  • Real Estate TV invests Rs 1 bn for pan-India presence
  • TN cable TV operators to black out Kannada channels
  • UTV founders tie up with Disney-ABC for news content
  • Newspapers struggle to survive as newsprint costs surge, supplies tighten
  • NDS to open new centre in Delhi
  • UAE broadcaster bags IPL telecast rights
  • Foreign direct investment in entertainment sector rises: PWC
  • Journalists condemn attack on director of 'Prabhakaran'
  • Broadcasting Authority being considered to regulate stings
  • Transparent TRP system soon
  • TRAI issues paper on regulating TRP
  • DTH companies want TRAI to fix price
  • FDI cap in DTH, IPTV may be raised to 74%
  • Jadavpur Univeristy to introduce community radio service
  • Pyramid Saimira enters broadcasting arena, Chinese markets
  • Times Internet appoints Zenith as media agency
  • CAG slams Prasar Bharati for overpayment to BCCI
  • CyberMedia acquires California-based TDA Group

Friday, March 28, 2008

Indian Business | Telecom Sector latest updates

Telecom sector in india consists of big names of world communication industry. there are various big telecom companies which are providing services in India like Vodafone, BSNL, Airtel, Nokia, Tata Teleservices, Aditya Birla Group, Spice telecom, Essar telecom, BPL mobile and the latest entry of Virgin mobile in India. The rates and call prices of telecom sector are controlled by TRAI (Telecom regulatory authority of India). Annual turnover of telecom industry is in billions of dollars and companies are making huge profits thanks to large population of india . also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Latest Updates from Telecom Sector:

April 2008 Telecom Sector Updates:

  • Bharti to spend $3.4 billion on capex in 2008/09
  • Cell phone majors ring up stars to count sales figures
  • Govt signs 120 telecom license agreement with 16 companies - (24/4/2008)
  • BSNL mulling hiving off infrastructure biz into separate co - (24/4/2008)
  • BSNL mulling BlackBerry services launch - (24/4/2008)
  • Raja allocates spectrum to new telcos in Orissa - (24/4/2008)
  • Reliance Communications buys UK-based WiMAX operator - (24/4/2008)
  • Laws to be amended to ensure telecom services in rural areas - (24/4/2008)
  • Unitech gets start-up spectrum for Tamil Nadu - (24/4/2008)
  • Alcatel-Lucent plans foray into managed services in India - (24/4/2008)
  • Vodafone honcho to lead Indus Towers - (24/4/2008)
  • Middle East players eye Datacom - (24/4/2008)
  • Govt denies permission to Tata for Blackberry service - (23/4/2008)
  • IKSL to launch mobile marketing services in TN before Sept - (23/4/2008)
  • Govt tightens telecom M&A norms - (23/4/2008)
  • AT&T in talks with Malaysia's Maxis for Aircel stake - (23/4/2008)
  • Nokia signs Sony BMG for free music offering - (22/4/2008)
  • Govt announces telecom licenses mergers & acquisition norms - (22/4/2008)
  • Shyam closes in on Rs 5,000 cr infra-sharing deal with RTIL - (22/4/2008)
  • Koor quits Tata Tele stake talks - (22/4/2008)
  • BSNL calls up private cos for tower sharing - (22/4/2008)
  • France Telecom gets DoT nod for long-distance operations - (22/4/2008)
  • DoT plans limited 3G auction by end of year - (21/4/2008)
  • Infinite eyes acquisition in US, plans to raise Rs 200 cr - (20/4/2008)
  • Spectrum crunch may force DoT to spike fresh LoIs - (19/4/2008)
  • Panel slams DoT, DIT for poor fund use - (19/4/2008)
  • ATC out of race for Tata tower stake - (19/4/2008)
  • Tata Indicom offers 49 paise-per-minute local call - (18/4/2008)
  • Airtel launches new prepaid recharge coupon for Delhi, NCR - (18/4/2008)
  • Tata Indicom auctions VIP mobile numbers - (18/4/2008)
  • RCom adds 1.62 million new mobile users in March - (18/4/2008)
  • Spectrum crunch may force DoT to spike fresh LoIs - (18/4/2008)
  • Unitech, Videocon & Shyam telecom in talks for infrastructure sharing - (18/4/2008)
  • Free SMS service for Way2SMS users - (17/4/2008)
  • Govt may engage foreign cos to encrypt contents on Blackberry - (17/4/2008)
  • BSNL, MTNL lose 46 lakh landline connections in 2007-08 - (17/4/2008)
  • Procall launches first digital PTT service in India - (17/4/2008)
  • BSNL to appoint private recovery agents to recover dues - (17/4/2008)
  • Reliance Communications adds 1.62 mn users in March - (17/4/2008)
  • Inflation taking toll on sales of mobile phones - (17/4/2008)
  • Tata Teleservices to buzz PEs for $1 bn - (17/4/2008)
  • BSNL losing 8 per cent mkt share annually to private operators - (16/4/2008)
  • Blackberry issue between DoT and RIM, says Bharti Airtel - (16/4/2008)
  • GSM Association appeals to govt for reducing levy - (16/4/2008)
  • India targets 500 mn mobile subscribers by 2010 - (16/4/2008)
  • Tatas get GSM spectrum in Tamil Nadu under dual technology - (16/4/2008)
  • BSNL, MTNL networks may delay number portability rollout: TRAI - (16/4/2008)
  • DoT begins GSM spectrum allocation - (16/4/2008)
  • BSNL takes private route, to hire towers from 6 companies - (16/4/2008)
  • Reliance to launch private label in mobile accessories -(16/4/2008)
  • Vodafone to give Om Shanti Om DVD under new schemes - (16/4/2008)
  • MTNL unveils 'Lost Mobile Tracking System' - (15/4/2008)
  • Blackberry services still under security cloud - (15/4/2008)
  • Reliance Communications unit to land cable in Cyprus - (15/4/2008)
  • Govt, BlackBerry to meet on April 21 on security fears - (15/4/2008)
  • Virgin Mobile tariff cheaper by 25-30% - (15/4/2008)
  • Govt starts allocating GSM spectrum to new players - (15/4/2008)
  • Nokia launches new phone with electronic wallet - (15/4/2008)
  • Qualcomm picks up equity in Indian firm - (15/4/2008)
  • Quippo to invest $3 bn for boosting telecom infrastructure biz - (14/4/2008)
  • Tata Communications expands VPN services to Egypt - (14/4/2008)
  • Money in mind, PMO may force release of spectrum - (14/4/2008)
  • GTL aims to earn half its revenue from overseas by ‘10 - (14/4/2008)
  • Sunil Mittal on ITU Telecom Board - (14/4/2008)
  • Not bound to furnish Virgin details: Tatas to TRAI - (14/4/2008)
  • Shyam to seek Pan-India licence - (14/4/2008)
  • Telecom sector likely to post 37% revenue growth in Q4 - (14/4/2008)
  • Sunil Mittal inducted into ITU Telecom Board - (13/4/2008)
  • BSNL fined Rs 50,000 in Himachal - (13/4/2008)
  • Sistema to launch services by April09; aiming more M&As - (13/4/2008)
  • GTL aims to earn half of its revenue from overseas by 2010 - (13/4/2008)
  • Green phones still a few years away: Nokia - (12/4/2008)
  • Mobile number portability by June '09 - (12/4/2008)
  • Business pacts of mobile cos, RIM under DoT lens - (12/4/2008)
  • Indian market ripe for 3G spectrum - (12/4/2008)
  • March sees record 7.6 mn new GSM users - (12/4/2008)
  • India surpasses US as second largest wireless market - (11/4/2008)
  • GTL earmarks Rs 1,000-cr for overseas acquisitions - (11/4/2008)
  • Govt sets up Export Promotion Council for telecom sector - (11/4/2008)
  • Mobile firms add 7.3 million GSM users in March - (11/4/2008)
  • TRAI favours mobile number portability by 2009 - (11/4/2008)
  • Country sees telecom exports at $2.5 billion by 2011 - (11/4/2008)
  • Foreign companies may get to bid for 3G spectrum - (11/4/2008)
  • DoT asks RIM to show data interception - (11/4/2008)
  • Minutes of cellular usage & SMS per user hit new low - (11/4/2008)
  • Telcos move beyond talk, bet on value-added services - (10/4/2008)
  • 3G spectrum set to get costlier - (10/4/2008)
  • Now, finmin wants one-time fee for every MHz - (10/4/2008)
  • Radio frequencies may get dearer, telecom operators angry - (10/4/2008)
  • Maharashtra govt to make policy for setting mobile towers - (9/4/2008)
  • Nokia releases Rabbi Shergill songs on Nseries mobiles - (9/4/2008)
  • UAE's Etisalat plans India purchase before May - (9/4/2008)
  • GTL, Essar set to merge tower business in $2 bn deal - (9/4/2008)
  • DoT plans to reserve eGSM band for new CDMA players - (9/4/2008)
  • SC reserves judgement on Tata-Birla row on Idea - (8/4/2008)
  • NetCracker to invest $50 mln; form JV with telecos - (8/4/2008)
  • Government may release GSM spectrum to new players in 2 days - (8/4/2008)
  • Subex bags a contract from Fintur Group - (8/4/2008)
  • IIT-K grads plan to revolutionise rural telecom - (8/4/2008)
  • Tatas may appeal against Dutch court verdict on Flag - (7/4/2008)
  • Sunil Mittal denies forming cartel with other telecom players - (7/4/2008)

    - Flag-VSNL dispute: Hague court decision favours Flag
    - RCom forms JV in Sri Lanka
    - TRAI to put ceiling on channels' DTH rates
    - Tatanet bags order from Telecommunications Consultants
    - Videocon picks UBS as advisor for Motorola handsets deal
    - Dhoot confident of Motorola handset unit takeover
    - Mobile services boom in India
    - Siemens acquires US-based Morgan Construction
    - TRAI to present views on FI limit in broadcasting
    - Tata Teleservices gets CDMA spectrum for 3 circles
    - Bharti says looking at acquisitions in emerging mkts
    - Bharti, RCom, Tata & BSNL to invest over $4 bn to build undersea links
    - Airtel, Vodafone Essar, Idea to face MRTPC probe
    - Ministry of Home Affairs calls up Research In Motion, DoT over BlackBerry
    - Videocon telecom arm in JV talks with global cos
    - Telcos can now jointly bid for USOF support
    - Ramboll, Danish agency to jointly buy 78% in IMIsoft
    - MobileStore launches online sales operation
    - Shyam-Sistema first to get start-up spectrum
    - MRTPC issues notice against Bharti, Vodafone for cartelisation


    March 2008 Telecom Sector Updates:
    - DigiBee's new software could cut mobile phone costs

    - Nokia Siemens Networks bags broadband contract from BSNL

    - Cellular towers near schools, colonies may be banned

    - OnMobile first to enter mobile tech business in India

    - Nokia production reaches 125 mn in India

    - DoT wants BlackBerry servers in India

    - DoT clears Tata-Virgin deal

    - Nokia brand worth Euro 35 billion, at number 5 globally

    - TRAI hangs up on ADC, rings in cheaper calls

    - ITI banks on JVs for turnaround

    - Indian telcos wiring up to go all wireless

    - Mobile tariffs may fall further after ADC goes

    - TRAI decides to phase out levy on telecom operators

    - Tata Indicom-PayMate to offer flight ticket booking on mobile

    - Motorola to split into two companies

    - Sixth Pay panel advises closure of Telecom Commission

    - Bharti starts mobile services in Guernsey

    - Neotel buys Transtel for Rs 120 cr

Indian Business | Jobs Sector Latest Updates

With increase in Fdi's there have been a lot of growth in job sector in India and it has been predicted that in 2008 hospitality industry would provide largest job oppurtunities ahead of the IT sector which has been market leader in providing jobs to fresh graduates and use them as tech coolies. also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.
Job Sector Latest Updates / Latest Jobs Openings:

April 2008 Jobs Updates :

  • ICSI targets to create pool of 50000 professionals by 2015 - (20/4/2008)
  • IT industry goes slow on hiring, courtesy US slowdown - (19/4/2008)
  • Govt set to outsource recruitment for jobs - (19/4/2008)
  • Gokak to recruit 400 hearing and speech impaired personnel - (18/4/2008)
  • Australian bank to shift 500 jobs to India - (18/4/2008)
  • Qatar set to ease sponsorship laws for foreign workers - (18/4/2008)
  • SC, HC judges discuss 10-fold salary increase - (18/4/2008)
  • IIT-M grads prefer old economy to new - (18/4/2008)
  • Executive hiring set to slow in Asia - (17/4/2008)
  • IITians prefer India over foreign nations for career avenues - (16/4/2008)
  • Overall global employment expected to increase by around 40 mn - (16/4/2008)
  • Infosys workforce to cross 100,000 mark this year - (16/4/2008)
  • Malaysia to stop using foreign workers, says minister - (16/4/2008)
  • Indians top Norway list of skilled workers - (16/4/2008)
  • KPMG to add 2,000 more employees in India by ’10 - (15/4/2008)
  • CSIR unveils incentives for its scientists - (13/4/2008)
  • Sixteen GNDU students placed with Tech Mahindra - (12/4/2008)
  • Labour Commissioner asks for implementing minimum wages - (12/4/2008)
  • Andhra Pradesh starts overseas recruitment agency - (12/4/2008)
  • Nath aims to bring 1 crore new jobs - (12/4/2008)
  • Indians not paid for seven months in Kuwait - (11/4/2008)
  • Bihar's highest migrant earnings come from Delhi - (11/4/2008)
  • Failing to recruit qualified engineers, UK firm turns to India - (11/4/2008)
  • Bill to impose sanctions against nations who refuse to take back illegal migrants - (11/4/2008)
  • RIL's Jamnagar refinery is a rich well of talent - (11/4/2008)
  • Indians may get a quick passage to Canada - (11/4/2008)
  • Salaries of management graduates jump 22% this year: Report - (9/4/2008)
  • Diverse backgrounds find favour with employers - (9/4/2008)
  • Temporary staffers continue to find favour with India: Study - (9/4/2008)
  • Innovation is the key for retaining talent too - (9/4/2008)
  • 107 officers seek pre-mature retirement in 15 days - (8/4/2008)
  • Indian finance executives get highest pay hike in Asia - (8/4/2008)
  • Pvt life insurance cos in the hunt for sales team leaders - (8/4/2008)
  • No slowdown impact on B-School placements - (8/4/2008)
  • Expats make up 99 per cent of private sector staff
  • Job losses hit; recession fears begin to haunt
  • Defence ministry to look into pay problems: Antony
  • PSUs seek freedom to fix variables like allowances and perks
    - HUL AGM okays higher pay for honchos

    - MIC seeks 8% job quota for Malaysian Indians

    - India plans joint labour management system with UAE, Bahrain

    - HUL announces performance-linked bonus for staff

    - Value of Indian workers' wages in Gulf may fall

    - Indian doctors, nurses in demand in UK, US

    - ISB 2008 batch gets Rs 19 lakh average placement offer

    - Orissa police personnel demand salary hike

    - Accentia to increase headcount to 5,500 by end of FY09

    - Samsung to hire 2,000 engineers by 2010

    - More ISB graduates join crorepati club

    - Lack of skilled manpower threat to PE companies

    - Sushma Nath to be new expenditure secy

    - Shareholders fret as PSU employees celebrate pay hike

    - Coffee chain growth makes brewing a better career option

    - Law firms hike salaries to retain talent as foreign cos troop in

    - Sushma Nath to be new expenditure sectary

    - Expats warm up to growth sectors as salaries zoom

    - India, Kuwait agree on model contract for jobseekers

    - Govt employees to get effective salary hike of 28%

    - Flexible hours will help women take care of kids

    - Pay panel's performance-based scheme to energise employees

    - No more 'Sahayaks' for Para-Military officers: Pay Commission

    - Haryana to implement 6th Pay Commission recommendations

    - NTPC to step up hiring of engineers

    - IT cos, investment banks eye economics graduates

Wednesday, March 26, 2008

Indian Business | Energy Sector latest Updates

Energy sector is very important sector of indian economy as it includes some of the heavy weights of indian industry like ONGC, Hindustan Petroleum, Indian Oil, Bharat Petroleum, Reliance group, Suzlon etc. Updates in energy sector have a lasting impact on indian economy. also update yourself with latest updates from Auto Sector Updates , Jobs Sector Updates , Energy Sector Updates , Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Energy Sector consists of both power and Oil and Gas sector which includes many heavyweights of indian industry.

Latest Updates of Energy Sector:

April 2008 Energy Sector Updates :

Power Sector Updates:


  • Chinese cos power into equipment market here - (21/4/2008)
  • R-ADAG puts Rosa project on fast track - (20/4/2008)
  • Haryana to strengthen power generation - (20/4/2008)
  • ADB lends $113 mn to India wind power projects - (20/4/2008)
  • L&T-MHI set to bag Rs 48,000-cr equipment order - (19/4/2008)
  • CLP India to invest Rs 500 crore in Samana power project - (18/4/2008)
  • Himachal to provide 2000 MW power to northern states: Dhumal - (18/4/2008)
  • DVC poised to become 2nd largest power producer: Ramesh - (18/4/2008)
  • Suzlon Energy bags orders for wind farm projects in China - (18/4/2008)
  • Power ministry sends new name for NTPC top slot - (18/4/2008)
  • GMR buys 5% in S African mine co - (18/4/2008)
  • R-ADAG’s Rosa power plant ahead of schedule - (18/4/2008)
  • GMR Energy acquires 5 pc stake in South African co - (17/4/2008)
  • PGCIL seeks loan from World Bank, ADB - (17/4/2008)
  • Power Grid plans Rs 8,040 crore FY-09 capex - (17/4/2008)
  • KLG Systel to invest Rs 1.25 bn in power unit - (17/4/2008)
  • BHEL may bag NTPC deals at set price - (17/4/2008)
  • PFC to issue proposal for Tilaiya UMPP by May 30 - (16/4/2008)
  • Bidding process on for UMPP in Jharkhand - (16/4/2008)
  • Reliance Power to complete $2 bn ECB issue next month - (15/4/2008)
  • BHEL-led consortium may sell Rs 55k-cr equipment to NTPC - (15/4/2008)
  • No holds, bar: Reliance Power gets nod for $2-b ECB float - (15/4/2008)
  • GVK Power may hive off energy arm - (14/4/2008)
  • NHPC to form JV with J&K’s power utility - (14/4/2008)
  • Don't ride Re power for overseas M&As: KPMG - (14/4/2008)
  • Centre to increase Delhi's electricity quota by 10% - (13/4/2008)
  • PM says no to bio-fuel production out of foodgrains - (13/4/2008)
  • Haryana to add 5,000 MW of power generation capacity - (12/4/2008)
  • TN taking steps to make state power surplus - (12/4/2008)
  • Maharashtra sugar co-ops to produce 1,000MW surplus power - (11/4/2008)
  • Haryana to spend Rs. 722 crore on strengthening electric transmission - (10/4/2008)
  • NTPC to double coal imports in 2008/09:chief - (10/4/2008)
  • Govt to slap pre-condition on foreign power equipment cos - (10/4/2008)
  • Areva sees robust growth, plans to increase headcount - (10/4/2008)
  • Areva T&D targets to double turnover; to invest Rs 700 crore - (9/4/2008)
  • No interim relief to Reliance Power in UP land acquisition case - (9/4/2008)
  • DHBVN to set up 59 sub-stations of 33 kv - (9/4/2008)
  • IFC to lend Rs 1,800 crore to Tata's power project - (9/4/2008)
  • Areva T&D India sees sales doubling by 2010 - (9/4/2008)
  • World Bank approves $450 mn for Tata Mundra project - (9/4/2008)
  • Give power to the people or hang head in shame: Jairam - (9/4/2008)
  • Tata to set up 30 mw power unit in Haldia - (9/4/2008)
  • Areva T&D bags Rs 418 crore order from Essar Constructions - (8/4/2008)
  • RIL, Bhel consider JV for solar fab units - (8/4/2008)
  • Four companies shortlisted for solar power projects in Punjab - (7/4/2008)
  • APTEL rejects PGCIL plea on outages due to maintenance - (7/4/2008)
  • NED Energy completes Gulf Powerbeat buy - (7/4/2008)
  • India seeks energy cooperation with Kazakhstan - (7/4/2008)
  • Domestic JV to power BHEL overseas buys - (7/4/2008)
  • Lanco to invest Rs 18,000 cr for hydro power by 2015 - (7/4/2008)
  • BHEL, NPCIL to float N-power equipment JV
  • REL's plea on nod to PPA between Tata Power and BEST adjourned
  • BHEL bags Rs 50,000 cr order to supply critical equipments
  • BHEL, NPCL floats JV for nuclear power projects
  • Indiabulls Power receives LoI for Chattisgarh power plant
  • BHEL, NPCIL to sign JV agreement on Friday
  • NLC achieves all time high performance in lignite production
  • PTC India ventures into wind energy sector
  • NTPC, UP govt enter JV to set up power plant
  • Suzlon Energy's US arm bags 200 MW order
  • ADB to give $600 million loan to Power Grid Corp
  • PFC floats consultancy arm

Oil and Gas Sector Updates:

  • Assam Company for more aggressive in Nelp VII, to raise $ 250-300mn - (21/4/2008)
  • Refining margins may pump up RIL net by 35% - (21/4/2008)
  • SMEs hit legal hurdles at various stages of growth - (21/4/2008)
  • Hong Kong's CLP seeks more natural gas for its project - (20/4/2008)
  • Saudi welcomes Indian cos to invest in its energy sector - (20/4/2008)
  • India wants to participate in Saudi oil exploration - (20/4/2008)
  • ONGC launches redevelopment work on Mumbai High South field - (19/4/2008)
  • India Oil wants to market aviation fuel in Sri Lanka - (19/4/2008)
  • Govt postpones bidding date for 57 oil & gas blocks - (18/4/2008)
  • No need to reveal basis for cheap petrol through cards: CIC - (18/4/2008)
  • Govt likely to postpone NELP-VII bid date to May 9 - (17/4/2008)
  • IOC refinery to lose tax rebate benefits under proposed Clause - (17/4/2008)
  • Asian Naphtha: ONGC offers 35,000 T for May - (17/4/2008)
  • Oil at $115 record as dollar, US fuel stocks fall - (17/4/2008)
  • Jamnagar refinery ahead of schedule - (17/4/2008)
  • Reliance pipeline co files SLP against Andhra HC stay - (17/4/2008)
  • OIL, IOC signs pact for oil exploration in Yemen - (16/4/2008)
  • RPL to complete Jamnagar refinery project ahead of Dec - (16/4/2008)
  • India imports 38% more crude oil in 11 months of FY'08 - (16/4/2008)
  • Oil regulator asks IGL to halt setting up new stations - (16/4/2008)
  • Venezuela approves law taxing foreign oil companies' windfall profits - (16/4/2008)
  • Shell may offer $6.7 bn for 30% stake in RIL's D-6 block - (16/4/2008)
  • Tax rejig for gas firms may hurt RIL - (16/4/2008)
  • IGL expansion plans put on hold - (15/4/2008)
  • Oil scarcity hits Mizoram as tanker drivers agitates - (15/4/2008)
  • China Gas, Gail to tie-up for Coal Bed Methane blocks - (15/4/2008)
  • GAIL, Arrow may join coal gas project: China Gas - (15/4/2008)
  • Aban Offshore gets contract worth about $34 mn - (15/4/2008)
  • IOC to import 36 million tonnes crude in '08/09 - (15/4/2008)
  • India to take up IPI project with Pak - (15/4/2008)
  • RIL sees Saudi dreams in Jizan oil refinery - (15/4/2008)
  • OVL qualifies for oil and gas contracts in Iraq - (15/4/2008)
  • OMEL to partner Total in Nigeria - (15/4/2008)
  • Musharraf wants involvement of China in IPI project - (14/4/2008)
  • OVL qualifies for oil, gas contracts in Iraq - (14/4/2008)
  • India to meet Pak on Apr 25 on IPI gas pipeline - (14/4/2008)
  • Petronet to buy 15 more spot LNG lots this fiscal - (14/4/2008)
  • RIL in talks with BG, Chevron, Exxon for stake sale - (14/4/2008)
  • IOC losing Rs 320 cr per day on fuel sales - (14/4/2008)
  • IOC fiscal '08-09 capex seen at Rs 75 bn - (14/4/2008)
  • IOC wants fair share of KG gas - (14/4/2008)
  • IOC, Petronet in joint talks with Exxon for LNG supply - (14/4/2008)
  • Nelp-VII may fade into the distance - (14/4/2008)
  • Government asks oil producers to rethink policy - (13/4/2008)
  • LPG cylinders containing half of the specified gas: Haroon Yusuf - (13/4/2008)
  • Borrowings going up every month, says IOC chief - (12/4/2008)
  • Indian Oil takes LNG to doorsteps of companies - (12/4/2008)
  • Govt for lifting RIL gas sale stay - (12/4/2008)
  • Govt a party to RIL-RNRL case - (11/4/2008)
  • OVL may get to dig 2 more blocks in Venezuela - (11/4/2008)
  • RIL to sell up to 10% in KG basin - (11/4/2008)
  • NTPC in talks with oil firms for blocks bid - (10/4/2008)
  • RIL in talks with foreign firms to sell 10% stake in KG Basin D6 block - (10/4/2008)
  • Reliance in talks with foreign firms on D6 block - (10/4/2008)
  • L&T eyes new Cairn oil pipeline contract - (9/4/2008)
  • India keen to partner IPI gas project: Iran - (9/4/2008)
  • ONGC Videsh, Petroleos to develop oil field in Venezuela - (9/4/2008)
  • BG to sell LNG in India later this year - (9/4/2008)
  • Venezuela to supply 150,000 bpd of oil to Reliance - (9/4/2008)
  • India, Venezuela sign gas and oil agreement - (9/4/2008)
  • Energy tribunal APTEL raps petroleum sector regulator on lack of guidelines - (8/4/2008)
  • IOC seeks June sweet crude - (8/4/2008)
  • RIL team strikes oil in Yemen - (8/4/2008)
  • OVL to sign pact for 40% stake in Venezuelan field
  • RIL to make rigs, invest $2.5 bn in gasification project
  • Green Power International eyes Rs 400-cr turnover by 2011
  • Deora to meet Pak, Iran officials on gas pipeline issue
  • OVL to invest $450 mn in Venezuela
  • India, Turkmenistan ink MoU on cooperation in oil sector
  • US to provide technical assistance to HPCL
  • Jindal Drilling buys 49 pc in Singapore firm
  • Deora asks PM to cut customs duty on crude oil
  • HPCL awards May-Oct term naphtha; plus $15/tonne
  • Natural gas regulator lays down retail rules
  • Reliance strikes new gas find in Krishna basin
  • GAIL signs contract for PMT gas
  • 'Pak committed to IPI project'
  • Gujarat Gas signs supply pact with GAIL India
  • Reliance says finds more gas off east coast
  • GAIL India to buy 17.3 mmscmd PMT gas
  • OVL makes $1 bn offer for three blocks in Angola
  • Oil regulator lays down criteria for city gas projects
  • GAIL signs contracts to takeover PMT gas marketing
  • RPL eyes $500 million for Jamnagar SEZ refinery


March 2008 Energy Sector Updates:

Power Sector:

- PFC floats consultancy arm

- Inverters, generators demand in NCR to grow by 30 pc

- NTPC gets investment cap waiver

- Power in Punjab cheap by 3.5 pc from April 1

- NHPC commissions all 3 units of Teesta-V

- HPDC to launch awakening campaign

- Three hydel projects of Narmada Valley to be assigned to NHEDC

- Rel Energy arm wins Rs 1,200-cr Rel Power deal

- Power Grid signs for $1.2 bn loan from ADB, World Bank

- PGCIL aims Rs 5,400 crore turnover in FY09

- ONGC to fuel NEEPCO's power plant in Tripura

- Nigeria invites Indian firms to invest in power sector

- GEI Industrial bags Rs 30 cr contract from Essar

- Reliance Power to seek shareholders nod for bonus issue

- Jyoti Structures bags Rs 253 cr contracts from Uganda Electricity Transmission

- XL Telecom bags Rs l53.9 cr order to supply solar panels

- Morgan Stanley buys 3.85% in Sujana Towers

- Reliance Power speeds up Sasan plan

- With level playing field you can't compete with NTPC: CMD

- Delhi will have surplus power by 2010

- New power project coming up in Kashmir

- Tatas, RPower submit RFQ for Rajpura Thermal Power Project

- Larsen & Toubro to add thermal power equipment capacity

- World Bank approves $600 million loan to Power Grid Corporation of India

Oil & Gas Sector latest Updates:

- GAIL signs contracts to takeover PMT gas marketing

- RPL eyes $500 million for Jamnagar SEZ refinery

- IOC to focus on cleaner fuels in FY'09

- Rajasthan asset costs at $1.8 bn: Cairn India

- BPCL files DRHP for JV setting up refinery in MP

- Oil prices below $105 in Asian trade

- Reliance, BG refuse to sign Panna/Mukta gas deal

- Govt in a fix over Reliance's decision to close petrol pumps

- India likely to sign deal for Iran projects in April: ONGC

- Bhagawati Gases enters into MOU with Russian co

- Gail to transmit 81.5 mmscmd of gas a day in 2008-09

- Australian construction co bags $720 mn contract from ONGC

- Reliance Industries to shut its retail petrol pumps

- BP may enter into pact with Cals for refinery at Kolkata

- HC notice to Centre, IOC on shortage of cooking gas

- IOC bags Petrofed's 'Oil & Gas Corporate of the Year' award

- GAIL awarded Oil & Gas Pipeline Transportation Co of the year

- MRPL to shut 120,000 bpd crude unit in March

Banking / Finance Sector Latest Updates

Banking and finance sector are very crucial sectors of indian economy and alight downtrend in these sectors can see a slowdown in Indian economy as well. also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Latest Updates from Banking and Finance Sector:

April 2008 Banking Sector Updates:

  • SBI's clients may take a Rs 700-cr derivatives hit - (24/4/2008)
  • BoJ may drop call for higher rates as growth slows - (24/4/2008)
  • JWT Bangalore bags ING Vysya Bank's creative account - (23/4/2008)
  • State Bank to provision $10 million for subprime - (23/4/2008)
  • HDFC Bank plans mobile banks for microfinance - (23/4/2008)
  • Banks see lower credit growth in FY09 - (23/4/2008)
  • SBBJ to focus on retail segment - (22/4/2008)
  • HDFC bank to start mobile banking ATM - (22/4/2008)
  • ICICI Bank to scale down promotions, increments - (22/4/2008)
  • PNB Gilts records 4-fold jump in PBT - (22/4/2008)
  • South Indian, City Union save Dhanalakshmi's rights issue - (22/4/2008)
  • RBI rejects IFC plan to invest in Karnataka Bank - (22/4/2008)
  • Axis Bank net jumps 71% in Q4 - (22/4/2008)
  • Punjab National Bank to start Bhutan JV by year-end - (20/4/2008)
  • Deutsche to invest Rs 685-cr for its NBFC business - (20/4/2008)
  • IOB to take over assets & liabilities of Shree Suvarna - (19/4/2008)
  • SBI wants to move to global IFRS a/c standards, invites bids - (19/4/2008)
  • CRR hike to impact profitability: Kamath - (19/4/2008)
  • Citigroup posts $5.1 bn loss, to cut 9,000 jobs - (19/4/2008)
  • No hike in interest rates at least till Apr 29: Bankers - (18/4/2008)
  • CRR hike to affect profitability of banks: Kamath - (18/4/2008)
  • Banks cancel undrawn loan limits to firms - (18/4/2008)
  • PSU banks retain lead play in bank credit - (18/4/2008)
  • RBI wants deposit taking limited to banks - (18/4/2008)
  • ICICI Bank to offer Visa eMarketplace - (17/4/2008)
  • PSU banks may post poor result in Q4; pvt sector may do better - (17/4/2008)
  • PNB sees loan growth of 20 pc - (17/4/2008)
  • Corporation Bank launches reverse mortgage loan scheme - (17/4/2008)
  • Interest rate decision only after RBI policy: K V Kamath - (17/4/2008)
  • ICICI Bank not in hurry to list broking arm - (17/4/2008)
  • Bank of Baroda launches new health scheme in Oman - (17/4/2008)
  • SBI, Macquarie line up $1-bn fund for core play - (17/4/2008)
  • ICICI a/cs must’ve Rs 10k min balance - (17/4/2008)
  • StanChart pumps in $250-mn fresh funds - (17/4/2008)
  • Corp Bank launches NEFT through ATMs - (16/4/2008)
  • Stanchart keen to spread wings in rural India - (16/4/2008)
  • Bank of India sees 25 pc credit growth in Apr-Jun - (16/4/2008)
  • Volatility to sustain for few months: Peter Sands - (16/4/2008)
  • Axis Bank opens branch in Madurai - (16/4/2008)
  • State Bank, Macquarie plan India infrastructure fund - (16/4/2008)
  • ICICI Bank invests more in ICICI Prudential - (16/4/2008)
  • India Inc should focus on corporate governance standards: Kotak - (16/4/2008)
  • HDFC Bank inks pact with two carbon-credit firms - (15/4/2008)
  • Kotak Mahindra Bank rolls out credit cards - (15/4/2008)
  • SBI to launch mobile banking service soon - (15/4/2008)
  • Grievances against private banks rise 33% - (15/4/2008)
  • Smart cards enter rural, urban poor big time - (15/4/2008)
  • Banks open wallets as IIM aspirants fret over fee hikes - (15/4/2008)
  • Bankers say lending rates may go up post credit policy - (14/4/2008)
  • PNB expects 20 pc rise in net profit during 2008-09 - (14/4/2008)
  • Yes Bank mulling QIP to raise $300 mn by December - (14/4/2008)
  • JKSCB aims disbursing Rs 100-cr loans this fiscal - (13/4/2008)
  • HDFC Bank to enter Bahrain by the middle of the year - (13/4/2008)
  • Bank of Rajasthan's business crosses Rs 21,000 crore - (11/4/2008)
  • RBI bought $3.88 billion in February - (11/4/2008)
  • Yes Bank eyes two private sector banks for acquisition - (11/4/2008)
  • Germany's Dresdner Bank to open branch in India in 2009 - (10/4/2008)
  • Vijaya Bank signs pact with Fitch Ratings - (10/4/2008)
  • Vijaya Bank signs MoU with FITCH Ratings - (10/4/2008)
  • No immediate plans for merger: DCB - (10/4/2008)
  • Development Credit Bank plans asset management foray - (10/4/2008)
  • ICICI Bank expects SME business to grow by 50% in FY'09 - (9/4/2008)
  • TCI Cyprus Holdings buys 3.45 per cent in IOB - (9/4/2008)
  • Banks can't take stocks as security - (9/4/2008)
  • Born-again IndusInd to focus on core growth - (8/4/2008)
  • Open up banking sector
  • PNB to enter credit card business on its own by Sept
  • BoM scouting for partner in general insurance JV
  • UBI offers reverse mortgage at 10%
  • ICICI awaits RBI move on rates: Kamath
  • ICICI Bank to focus more on wealth management, mobile banking
  • Union Bank launches Reverse Mortgage scheme
  • NABARD credit to West Bengal touches Rs 1,309 cr
  • RBI delay forces PNB to go solo in credit cards
  • RBI seeks fresh bank loan exposure data
  • NABARD extended Rs 3,871 crore in credit support to AP
  • Govt rules out diluting stake in public sector banks
  • PNB revises interest rates on non-resident deposits
  • Citi woos expatriates in India to expand customer base
  • Bank of Canada injects C$835 million into market
  • ICRA inks MoU with State Bank of Indore for rating services
  • Citibank launches services for expatriate Indians
  • BoB revises foreign currency deposit rates
  • Bank deposits in Gujarat rise 5% in third quarter
  • UBS' India plan seen intact despite global writedown
  • J&K Co-operative Bank posts business of Rs 2,000 cr in FY08
  • Banks' hopes of treasury gains vanish as bond prices decline
  • Citigroup rejigs global operations on geographical lines
  • Barclays to set up private bank in India
  • Firms revisit derivative bets to clean books

April 2008 Finance Sector Updates:


  • UTI Ventures exits Excelsoft, earns 50 times its investment - (24/4/2008)
  • Morgan Stanley has a May 1 date with private equity play - (24/4/2008)
  • Oriental Insurance to provide cover to Mundra project - (23/4/2008)
  • IDFC raising $700 million India infrastructure fund - (23/4/2008)
  • IFCI stake sale not imminent-source - (23/4/2008)
  • Short-term debt yields rise as RBI dislike for 'surplus grows - (23/4/2008)
  • PEs invest $4 bn in first quarter of 2008 - (23/4/2008)
  • Central undertakings told to stopinviting bids for bulk deposits - (22/4/2008)
  • Bajaj FinServ eyes asset management - (22/4/2008)
  • Premji launches $1 bn PE fund - (19/4/2008)
  • RBI to encourage microfinance to curb money-lenders - (16/4/2008)
  • DHFL opens representative office in London - (16/4/2008)
  • Vision Global plans $200-million distressed debt fund - (16/4/2008)
  • SBI weighs merger of GTF with SBI Factors - (16/4/2008)
  • Private equity activity strongest in October-December quarter - (16/4/2008)
  • Singapore fund kicks off India ops with i-Flapp Tech - (16/4/2008)
  • ICRA assigns high rating to L&T Infrastructure - (15/4/2008)
  • Bidders see less value in GE units - (15/4/2008)
  • Unitech Realty to float 2 funds of $650 million - (14/4/2008)
  • Cramped for room, small brokerages look for exit - (14/4/2008)
  • Modern India in talks with PEs to dilute promoters' stake - (14/4/2008)
  • PE deals hit the road again, but M&As dry up - (14/4/2008)
  • HC asks Axis not to enforce Rajshree Sugars contract - (12/4/2008)
  • IDBI not to cut prime lending rate following inflation spiral - (11/4/2008)
  • Canara Robeco to merge equity funds - (12/4/2008)
  • Chidambaram to inaugurate British branch of IIFC - (10/4/2008)
  • Religare to buy UK's oldest broking firm Hichens Harrison - (9/4/2008)
  • Broadening finance access - (9/4/2008)
  • $1 billion infrastructure fund on anvil - (8/4/2008)
  • BankAm trader moves to JPMorgan in India - (7/4/2008)
  • Citi Venture, AIG scrap Akruti investment plan
  • Reliance Money plans 20,000 outlets by fiscal end
  • IDFC PE invests Rs 40 cr in Emergent Ventures
  • Ask plans PE fund with initial corpus of $100 mn
  • UK fund manager ties up with Tata for India equity fund
  • Reliance Money launches loyalty card for customers
  • SREI Infrastructure enters JV with BNP Paribas
  • RBI appeals not to deface currency notes
  • Darby Asia Mezzanine Fund invests in Coffee Day
  • Reliance Money brings Canadian partner in broking biz

MArch 2008 Banking / Finance Sector Updates:
- SREI Infrastructure enters JV with BNP Paribas

- RBI appeals not to deface currency notes

- Subprime fallout: RBI wants lenders to play counsellor

- RBI delay forces PNB to go solo in credit cards

- RBI seeks fresh bank loan exposure data

- NABARD extended Rs 3,871 crore in credit support to AP

- Govt rules out diluting stake in public sector banks

- PNB revises interest rates on non-resident deposits

- Citi woos expatriates in India to expand customer base

- Bank of Canada injects C$835 million into market

- Banks' hopes of treasury gains vanish as bond prices decline

- Citigroup rejigs global operations on geographical lines

- Barclays to set up private bank in India

- Firms revisit derivative bets to clean books

- ICRA signs MoU with State Bank of Indore to rate loans

- Vijaya Bank exceeds business target for 2007-08

- Oriental Bank to review interest rates in next 10 days

- Union Bank ties-up with Alankit to provide services

- Canara Bank inaugurates Retail Asset hub

- Bank of Maharashtra to merge 2 regional rural banks

- JM Financial unit to buy out ASK Sec's stake in JV

- Reliance Money gets approval to operate in Oman

- IDBI puts key rate cut decision on hold

- Indian Overseas Bank to take over Pune bank

- Mumbai accounts for 80 pc of bank deposits in Maharashtra

- Syndicate Bank releases Rs 1010 cr annual credit plan

- Canara Bank launches basket of products

- Federal Bank reaching out to NRIs

- RBI lets 2 Singapore banks open account in India

- State Bank of India gets Singapore full bank license

- Demand draft's bounce on stop payment order

- Axis Bank opens two new branches

- Banks may gain from bond holdings as yields plunge

- HSBC arm raises stake in Yes Bank by 4%

- Bank of India to roll out mobile phone banking

- Singapore's DBS bank to expand in India

- Union Bank sees lower FY08 credit growth

- State Bank of India buys 91% in factoring firm

- Federal Bank to open its 600th branch on 26/3/2008

- ICICI, Jaypee Infra ink Rs 1,150-cr deal

- Banks twist RBI's rules to sell leveraged products to corporate clients

- Bank credit slowdown reflects fading growth

- Bank of India plans to open full-fledged branch in Beijing

- SBI looking at alternate channels for rural penetration

- Religare to acquire UK broking co for $100 million

- Cholamandalam DBS to raise Rs 4,500 cr through private placement

- Fidelity plans Indian securities fund

Auto Sector Latest Updates | Indian Business

Auto Sector is a very dynamic sector comprising of many auto giants such as - Tata Group, Hyundai, Maruti Suzuki, Bajaj Auto, Tvs Motor Company, Skoda Auto, Hinduja Group, Ashok Leyland, Volvo, Ford Motor India, General Motors India Ltd, Honda, Toyota, LML etc. so it has a wide variety of companies ranging from scooters manufacturers to Truck manufacturers and heavy industry manufacturers. also update yourself with latest updates from Auto Sector Updates, Jobs Sector Updates , Energy Sector Updates , Media sector Updates Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Latest Updates of Auto Sector:

April 2008 Auto Sector Updates:

  • Setco Automotive targets to double turnover in three years - (24/4/2008)
  • India supplies horns for 5 lakh BMW luxury cars - (24/4/2008)
  • Auto parts cos to post modest Jan-March profit - (23/4/2008)
  • Apollo group co to sell 15% in arm to PEs for Rs 70 cr - (23/4/2008)
  • BMW opens its first showroom in Kolkata - (24/4/2008)
  • Maruti Q4 net at Rs 297.7 crore - (24/4/2008)
  • Mitsubishi plans to price Outlander at Rs 15.5 lakh - (24/4/2008)
  • Toyota overtakes GM as world's top automaker - (24/4/2008)
  • Tata gets US antitrust clearance for Jaguar, Land Rover - (24/4/2008)
  • Mahindra & Mahindra drives Scorpio to Chile - (23/4/2008)
  • Honda to hike City, Civic prices by up to Rs 10,000 - (23/4/2008)
  • BMW aims to be market leader in premium car segment by 2010 - (23/4/2008)
  • German co to setup heavy truck manufacturing plant in Pune - (22/4/2008)
  • Tatas' world-class R&D hub coming up in UK - (22/4/2008)
  • Indian market to be flooded with luxury sedans - (21/4/2008)
  • Daimler, Hero to invest Rs 4,400 cr in commercial vehicles venture - (21/4/2008)
  • Chinese cars eye emerging markets fo drive fast on export targets - (21/4/2008)
  • M&M set to buy Belgian gear-maker for $475 mn - (21/4/2008)
  • Auto majors plan company-run showrooms to drive car sales - (21/4/2008)
  • Sutlej Motors to meet global standards in bus body building - (20/4/2008)
  • Auto sector corners a large pie of M&As by domestic firms - (20/4/2008)
  • Good demand for bicycles due to fuel price hike - (20/4/2008)
  • Maruti to hike prices in May first week - (20/4/2008)
  • Maruti keeps market share in FY08, Tata loses ground - (19/4/2008)
  • Zip, zap...IIT Delhi's F1 car for Silverstone circuit - (19/4/2008)
  • Higher input costs pushing up bike prices - (19/4/2008)
  • Delhi to sweep streets clean of 15-yr-old cars - (18/4/2008)
  • Beijing auto show spotlights automakers' hopes for booming China market - (17/4/2008)
  • Car companies to hike prices by Rs 4,000-16,000 - (17/4/2008)
  • Rahul Bajaj seeks CLB's permission to convene board meeting - (17/4/2008)
  • Cheap Chinese fake bikes haunt Bajaj Auto - (17/4/2008)
  • Ceat plans to set up 2 new plants in India: Official - (15/4/2008)
  • SC asks Tata Motors to file reply on Singur project - (15/4/2008)
  • M&M showcases hybrid version of Scorpio - (15/4/2008)
  • Chrysler and Nissan unveil production alliance - (15/4/2008)
  • US firm launches new bearings manufacturing plant in India - (16/4/2008)
  • M&M launches Alfa in Andhra Pradesh - (15/4/2008)
  • M&M launches Alfa Passenger in Andhra Pradesh - (14/4/2008)
  • Argentum may roll out luxe cars for Karmann - (14/4/2008)
  • Volvo expects India, China to drive its growth in Asia - (13/4/2008)
  • SC asks Tata Motors to replace defective car - (13/4/2008)
  • Hyundai cuts export target due to strong rupee - (12/4/2008)
  • Mitsubishi Motors to increase its capacity to four folds - (12/4/2008)
  • JK Tyres acquires Mexican tyre co Tornel for Rs 270 cr - (12/4/2008)
  • Oil, environment, lifestyle fuel Asia's two-wheeler boom - (12/4/2008)
  • Toyota's small sedan to debut by 2010 - (12/4/2008)
  • Toyota to invest Rs 1400 cr for small car plant - (11/4/2008)
  • Ajanta to challenge Nano with electric car - (11/4/2008)
  • Tata faces green, not nationality issues with JLR - (11/4/2008)
  • Bajaj-Renault Lite may miss launch date - (11/4/2008)
  • Auto sales dip After seven straight years of growth - (11/4/2008)
  • Fiat may roll out cheaper Palio in BRIC countries - (11/4/2008)
  • Consumer court asks Hyundai Motor to replace faulty engine - (10/4/2008)
  • Automobile sales drop 4.7% in 2007-08 - (10/4/2008)
  • Atlas Copco acquires holding in Indian drilling technology Co - (10/4/2008)
  • Tata Motors' Nano heads for South Africa - (10/4/2008)
  • Indian SMEs help Rover for a smooth drive - (10/4/2008)
  • Ford plans side-view mirrors to track blind spots - (10/4/2008)
  • Indian auto suppliers eye US companies - (9/4/2008)
  • Ford India launches roadside assistances in Chandigarh - (9/4/2008)
  • Steel prices to impact profits of auto firms: Tata Motors - (9/4/2008)
  • Tata Motors on expansion drive in Africa - (9/4/2008)
  • Tata Motors to make trucks in South Africa - (9/4/2008)
  • SRF approves Rs 17 crore expansion project - (9/4/2008)
  • Hero Honda to pump in additional Rs 150 cr in Haridwar - (9/4/2008)
  • Emcon Technologies plans to setup plant in West Bengal - (9/4/2008)
  • Hero Honda starts Haridwar facility - (9/4/2008)
  • Ford India's 24-hour roadside service in Hyderabad - (9/4/2008)
  • Sifcor stake buy to give BFL more market access - (9/4/2008)
  • M&M's Bolero sells 50,000 units in FY08
  • Bharat Forge buys Groupe Sifcor of France - (8/4/2008)
  • Eicher's motor bike unit March sales up 14% - (8/4/2008)
  • India drives BMW's record sales - (7/4/2008)
  • Eicher Motors March sales fall marginally - (7/4/2008)
  • Tata Motors raises truck, bus prices - (7/4/2008)
  • Eicher Motors March sales slip marginally - (7/4/2008)
  • Ashok Leyland March vehicle sales up 27 per cent - (7/4/2008)
  • Maruti to power small cars with genext engines - (7/4/2008)
  • Tatas to focus on 'world truck', goes slow on Iveco deal - (7/4/2008)
  • China is world's 3rd largest motor vehicles producer
  • JK Tyres to invest Rs 480 cr for capacity expansion
  • Maruti Suzuki to launch 'world car' from India by end-2008
  • Nano may steer clear of Sona, eyes cheaper option
  • Hyundai to roll out small car from Chennai plant
  • Steel price hike could affect Nano's Rs 1 Lakh tag
  • Hyundai i10 is JK Tyre-Indian Car of the Year 2008
  • S&P downgrades Tata Motors corporate credit ratings to 'BB'
  • Tata Motors buys Nissan's South African plant
  • Indica engine to power Ace
  • Volkswagen hikes India investment for Skoda Fabia
  • GM shows off Volt, progress toward 2010 launch
  • M&M, I-Venture team buys Italian gear maker Metalcastello

March 2008 Auto Sector Updates:

- TVS launches Scooty Teenz Electric

- Hero Group, UK's Ultra scrap JV plans

- GM shows off Volt, progress toward 2010 launch

- Tata Motors gets nod to produce 'eco cars' in Thailand

- Tata Motors to list on Tokyo Stock Exchange

- Worker dies inside Tata's Singur project site

- Tatas plan to raise $983 million in Japan

- Steel Strips Wheels bags Rs 110-cr order from Renault

- M&M, I-Venture team buys Italian gear maker Metalcastello

- Mahindra sees double-digit growth in FY09

- Duty cut perks up sales figures of auto companies

- TVS Motor March sales down 9% on year

- Maruti posts record annual sales, up 13.3% in '08

- Ferrari may drive into India in 2010

- Tata Motors to invest Rs 6K cr in Pune, M&M readies Rs 1,500 cr for Chakan

- Tata Motors to invest $1.5 billion over 4-5 yrs

- Tata's acquisitions of JLR sparks an outpouring of national pride

- Hinduja Group eyes stake in Valeo

- TVS motor company launches 125CC TVS Flame

- Amtek Auto may lose $18 mn due to global currency turbulence

- Auto component industry seek check on input cost

- Ford sells Jaguar, Land Rover to Tata Motors

- Auto component industry seek check on input cost

- Minda Group becomes darling of global auto firms

- JBM Auto in JV with Italy's Magnetto

- TVS bags TPM award

- Bajaj, Hero Honda, Kinetic plan gas-based 2-wheelers

- Luminous Power to foray into electric 2-wheeler segment

- AAIFR dismisses SEBI, BSE appeals on Dunlop

- Ceat sells surplus Mumbai land

- Apollo Tyres to set up greenfield plant in Hungary

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Indian News by Industry | Highlights of Indian Industry | Indian Economy

Indian Economy constitutes of Numerous Industries which together contribute to indian GDP these industries are very diversed spread in every sphere of the Indian subcontinent - including Auto, Banking and Finance industry, Energy, Health care and biotech, Media Industry, Services industry, Telecom Industry, Transportation Industry etc.

Rail Concession to AIDS patients - From April 1

As a noble gesture towards AIDS patients, Railways will provide 50 per cent concession to them in second class passenger fares to nominated ART centres for treatment. "Railways has decided to grant 50 per cent concession in train fares to AIDS patients for treatment at nominated Anti-Retroviral Therapy (ART) centres," a senior railway official said.

The concession will be applicable only in second class. Station masters are authorised to grant concession to the patients at the stations, the official said, adding they have to produce the certificate in prescribed form issued by officer-in-charge of the concerned ART centre where the patient is to be treated or has been treated. The concession can be availed for return journey after the treatment at nominated ART centres.

However, the concession will not be applicable in Rajdhani, Shatabdi, Jan Sadharan and Garib Rath trains. The official also said the railways plans to launch 'Mother-Child Health Express' in collaboration with Rajiv Gandhi Foundation. "As per the plan, the train with seven coaches would run on a pilot basis for providing medical facilities to mother and child. The train would have facilities like delivery operation room and child health centre," said the official. Railways had on December one last launched the Red Ribbon express in collaboration with National Aids Control Organisation.

6th Pay Commission Report has for all - Salary Hikes for everyone

The sixth pay commission report has salary hikes for all the central government employees while hikes are ranging from 23% to 53% depending upon the category in which the employee falls. There has been looking skeptical however because government officials have still not given any details about the hike officially and the employees have to wait for the report to be announced officially.

Since elections are to be held next year therefore it might be a voters benefit report and governemnt is turning no stone upturn to please voters, P Chitambram presented a please all budget on february 29 /2008.

Moreover, the hikes so recommended have been more generous at the higher levels and lower levels in the government hierarchy, but not so at the middle rung — directors, deputy secretaries, etc. While for a section officer, the increase is 41.8% (24.6% at the higher level), for a director it is 31.1% (23% at higher level). For a joint secretary, the proposed hike translates into 58.7% (44.3% at the higher level), for additional secretary, it is 49% (47.4% at lower level). However, if the house rent allowance and children’s education allowance are not taken into account, the hikes are considerably lower.

For a section officer, the hike is 26.2% (12.2% at the higher level), For a director 21.3% (14.3% at the higher level), for a joint secretary it is 48.2% (35% at the higher level), for additional secretary it is 39.4% (38.1% at the higher level).

The department of expenditure, which is examining the recommendations will take the report to the Cabinet for taking note of it shortly before the Parliament session begins after the recess. After that a committee of secretaries would be constituted to oversee the implementation of the report clause by clause.

Even as the Sixth Pay Commission has recommended an overall increase, ranging between 23% and 58% in various categories, it has failed to cut ice with civil servants.

Tata's Giant Takeover - Ford sells Jaguar / Rover Luxury brands to Tata's

Tata Motors of India finally tookover the luxurious Rover and Jaguar brands from world's number 3 auto maker Ford Motor Company of USA. The deal has been close to US$ 2.5 billion as said by resources. Ford was in constant talks with the Tata's from 2007 when Tata's emerged as the front runner in the takeover deal. This giant takeover would make the presence of indian Tata motors globally, recently Tata Motors also presented it's smallest and cheapest world car at the Geneva Auto Show to attract the world audience and making it's nano trully global car.

If the Tata Nano is well welcomed across the globe after it's commercial launch Tata's annual turnover would touch sky's since Nano is tagged as people's car.

U.S. automaker Ford has agreed to sell its luxury brands Jaguar and Land Rover to India's Tata Motors for more than $2 billion, according to a source familiar with the matter.

Ford, which signed the deal on Tuesday, plans to publicly announce the transaction in New York at 0800 EST on Wednesday, said another source. The deal will also see Ford pay about 300 million pounds ($598 million) into Jaguar and Land Rovers' pension funds, according to unions. Ford declined to comment, adding "our first responsibility is to communicate with our employees." The sale had been expected at the start of this month, but it was delayed as the two firms discussed their future relationship, including technology sharing and Ford's provision of engines and body parts for the two brands.

Tata, India's top vehicle maker, has been in talks with Ford since it was chosen as the frontrunner to buy Jaguar and Land Rover a few days into 2008. Tata is pursuing the deal to gain a substantial foothold outside India. But analysts have questioned how Tata will incorporate the luxury brands into its stable of sturdy trucks and functional passenger cars, including the Nano, the world's cheapest car which it unveiled in January.

While Land Rover has generated three years of record sales with its iconic SUVs, the fit of Jaguar is far less clear. Ford, which lost $2.7 billion in 2007 and $12.6 billion in 2006, is spinning off Jaguar and Land Rover to focus on turning around its loss-making operations in North America. The sale will include a commitment by Tata to continue buying engines from Ford, according to unions. All Jaguar and Land Rover's petrol engines are built in a Ford plant in South Wales, supporting hundreds of jobs there.

Diesel engines come from Ford's factory in Dagenham, east London. One of the sources knocked down reports on Indian television earlier on Tuesday that the deal had been closed for $2.65 billion. "That figure of $2.65 billion is highly unlikely," one source close to the deal said of the report on media. "You have to come south from that by quite a bit." Ahead of the media reports, shares in Tata Motors rose 2.7 percent to a three-week closing high of 679.95 rupees, in a Mumbai market that surged 6.1 percent. Ford shares were down 0.2 percent at around $5.95 at 1813 GMT.