Business News from Moneycontrol.com http://www.moneycontrol.com Fri, 04 Jul 2008 04:56:01 GMT Moneycontrol.com http://img1.moneycontrol.com/images/mc_common/mc_logo_n18.gif http://www.moneycontrol.com Feed provided by Moneycontrol. Reliance Industries has written to Reliance Communications, and MTN boards again, sources said. It has invited RComm for conciliation talks as per 2006 noncompete agreement and asked for conciliatory meeting before formal arbitration process. It has also invoked the provision of dispute resolution contained in the agreement. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345435Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 21:02:30 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345435The sheen is coming off India\'s infrastructure boom. The number of bidders for projects are shrinking. Building India\'s infrastructure was seen as a booming sector not long ago, but with the global economic downturn infrastructure projects are losing their sheen. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345434Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 21:01:57 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345434The countdown has begun. With just five days to go before the exclusivity period for talks between Reliance Communications and MTN expires, the buzz now is that MTN may extend the deadline. But both sides continue to maintain a stoic silence. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345432Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 20:39:15 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345432June unemployment data is unchanged at 5.5% month on month (MoM), reports CNBCTV18. Jobless claims for weekended June 28 is up 16,000 to 4,04,000. US jobless claims are up 16,000 versus an expected increase of 1,000. The June nonfarm payroll is down 62,000 while the market expected a decrease of 55,000. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345419Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 18:52:31 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345419The High Powered Committee on Oil may recommend drastic changes in the way upstream companies share the oil subsidy burden. CNBCTV18 learns that the Committee has found discrepancies in the under recoveries that oil marketing companies report and the under recoveries that they actually incur. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345413Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 18:17:35 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345413The Steel Secretary said that steel pipe and tube makers will cut product prices by 10%. Primary and secondary producers will take steps to increase HR coil availability. They will reduce direct and indirect exports, he said. Primary steel companies say they don\'t necessarily see product prices rising in August.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345360Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 14:29:33 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345360The Centre has decided to decontrol the sugar industry staring from the new crushing season, i.e. October 1. The Cabinet is expected to approve the Food Ministry’s proposal recommending dismantling the 10% levy currently imposed on mills. However, sugar companies are unsure whether this will move will come about. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345337Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 13:22:09 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345337GAIL says it may set up a mega petrochemical unit in Qatar along with RIL, reports Newswire18. GAIL and RIL may hold equal equity in the Qatar petrochemical unit. The company will invest USD1.2 billion, Newswire 18 adds.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345320Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 12:39:49 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345320Even after reports of Groupo Mexico coming to bid for US based Asarco, Anil Agarwal, Chairman Sterlite Industries said that it is still in race for the bankrupt Asarco. “We are still in the race for Asarco and all parties have approved the agreement.” He added that Asarco buyout process will take three to four court approvals. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345279Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 10:43:51 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345279Quatrro BPO now sees an opportunity in the gaming industry. The company has acquired UKbased Babel Media, a leading player in interactive entertainment industry. This is Quatrro\'s sixth acquisition, but the company says it is the biggest so far and will contribute almost 3040% to the company\'s turnover. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345258Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 09:33:26 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345258The Finance Ministry is dissociating itself from blame for the truckers strike. It has withdrawn a variety of service tax introduced in this year\'s budget and is willing to offer more concessions.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345257Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 09:22:21 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345257Titan Industries, the world\'s fifth largest watch manufacturer is looking at becoming a billion dollar entity this fiscal. The company expects jewellery retail, which saw a turnover of Rs 2,000 crore last year to drive the numbers.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345249Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 09:10:21 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345249iGATE Corporation, which recently delisted its subsidiary from the Indian stock exchanges, has said it is expanding its delivery capability in Chennai.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345238Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 08:54:12 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345238Biodiesel is coming up in a big way in Andhra Pradesh. But the major bottleneck remains to be the availability of feedstock. The industry here wants the government to come out with a comprehensive biodiesel policy and subsidy for farmers cultivating jatrophahttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345215Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 08:53:11 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345215ESPN STAR Sports (ESS) has acquired the broadcasting rights for the football events, including the 2010 World Cup, of the Fédération Internationale de Football Association (FIFA) for the Indian subcontinent till 2010. Last time too the broadcaster had acquired the rights and had telecast the 2006 FIFA World Cup.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345235Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 08:51:23 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345235