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Breaking News

  • A new aftershock with a preliminary magnitude of 5.8 has struck Northern Sulawesi - tsunami warning center.
  • Indonesian earthquake center tells @BreakingNewsOn at least 17 people may have been killed; note that this information is not confirmed.
  • Indonesian agency says it lifts tsunami warning after earthquake in Northern Sulawesi; no word if a tsunami was generated.
  • A spokesman for the Indonesian earthquake center tells @BreakingNewsOn it has reports of "major damage" and possibily deaths.
  • MAJOR DAMAGE REPORTED AFTER STRONG EARTHQUAKE IN INDONESIA; REPORTS OF FATALITIES. DETAILS SOON.
via @BreakingNewsOn

Airtel revenue up 42 percent

October 31st, 2008 - 11:52 am ICT by IANS -
New Delhi, Oct 31 (IANS) Telecom major Bharti Airtel's Ltd Friday said that its total revenue grew by 42 percent for the quarter ended Sep 30, 2008.The company announced its audited US ...

Posted in Sci-Tech, | No Comments »

OPEC crude price rises

October 30th, 2008 - 7:04 pm ICT by IANS -
Vienna, Oct 30 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by $2.23 Wednesday, as the weaker dollar buoyed oil markets, according ...

Posted in Business, | No Comments »

Tata Communications revenue up 22 percent

October 25th, 2008 - 10:01 pm ICT by IANS -
New Delhi, Oct 25 (IANS) Tata Communications has announced a 22 percent rise in revenue for the second quarter of 2008-09.In a regulatory statement, the company said its revenues for the quarter ...

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Pak net forex reserves down to just 2.48 billion dollars

October 17th, 2008 - 4:46 pm ICT by ANI -
Islamabad , Oct 17 (ANI): Pakistan Finance Ministry has said that it is left with only 2.48 billion dollars of net forex reserves, which, according to it, were barely enough to ...

Posted in National, | No Comments »

Weaker rupee forces Infosys to revise fiscal guidance

October 10th, 2008 - 12:20 pm ICT by IANS -
Bangalore, Oct 10 (IANS) A depreciation of around nine percent of the Indian rupee during the second quarter (July-September) has forced Infosys Technologies Ltd to revise its revenue guidance for this fiscal ...

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US crisis will slow India’s growth, say analysts

October 1st, 2008 - 1:59 pm ICT by IANS -
New Delhi, Oct 1 (IANS) The financial tsunami in the US, which threatens to engulf Europe, will slow India's economic growth to about 5-7 percent, economists and analysts said. "It is not ...

Posted in World, | No Comments »

Deora rules out cut in retail fuel price

September 16th, 2008 - 11:05 pm ICT by IANS -
New Delhi, Sep 16 (IANS) The government will cut oil prices only if international crude prices dip below $67 a barrel, Petroleum Minister Murli Deora said Tuesday.His announcement came as the global ...

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Exports up 31 percent, but trade deficit expands 80 percent

September 1st, 2008 - 8:45 pm ICT by IANS -
New Delhi, Sep 1 (IANS) Indian exports have gone up over 31.2 percent in July and stood at $16.34 billion, as against $12.45 billion in the corresponding month last year, but trade ...

Posted in Uncategorized, | No Comments »

User fee guidelines for airports announced

August 18th, 2008 - 9:52 pm ICT by IANS -
New Delhi, Aug 18 (IANS) The Ministry of Civil Aviation Monday announced the draft guidelines for user development fees at airports, a charge that authorities levy on passengers on international flights.The fee ...

Posted in Uncategorized, | No Comments »

DLF profits up by 23 percent in 2008 Q1

August 1st, 2008 - 7:05 pm ICT by IANS -
Mumbai, Aug 1(IANS) Realty major DLF Ltd has announced a profit after tax of Rs.18.64 billion during the first quarter of fiscal year 2008, a growth of nearly 23 percent from the ...

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Jet posts $33.3 million profit in first quarter

July 29th, 2008 - 10:19 pm ICT by IANS -
Mumbai, July 29 (IANS) India's largest private carrier Jet Airways has announced a net profit of Rs.1.43 billion ($33.3 million) during the first quarter of fiscal 2008-09 against Rs.308.80 million in the ...

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Andhra Paper Mills posts 44 percent growth

July 29th, 2008 - 9:27 pm ICT by IANS -
Hyderabad, July 29 (IANS) Privately-held Andhra Pradesh Paper Mills Limited (APPM) has posted 44 percent income growth for the first quarter ended June 30, the company said Tuesday. The income for the ...

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Ranbaxy posts Rs.1.6 bn profit in second quarter (Lead)

July 29th, 2008 - 6:22 pm ICT by IANS -
New Delhi, July 29 (IANS) India's largest drug maker Ranbaxy Laboratories has posted a consolidated net profit of Rs.1.61 billion ($39 million) in the second quarter ending June 30, almost unchanged from ...

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Hindalco releases its quarter 1 Financial Year 2008-09 results

July 28th, 2008 - 10:49 pm ICT by ANI -
Mumbai, July 28 (ANI/Business Wire India ): Hindalco Industries Limited announced its unaudited financial results for the quarter ended June 30. Net sales and operating revenues remained flat at Rs.4647.5 crores, however ...

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Satyam’s net profit up 45 percent

July 18th, 2008 - 6:49 pm ICT by IANS -
Hyderabad, July 18 (IANS) Satyam Computer Services, India's fourth largest software and IT services exporter, announced Friday a net profit of Rs.5.48 billion for the first quarter ended June 30, registering a ...

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Tata Consultancy net up seven percent, but scrip falls

July 16th, 2008 - 9:26 pm ICT by IANS -
Mumbai, July 16 (IANS) Software giant Tata Consultancy Services (TCS) Wednesday announced a consolidated profit after tax (PAT) of $322.65 million (Rs.12.9 billion) during the first quarter this fiscal, compared to $300.73 ...

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Weaker rupee causes Infosys losses worth Rs.800 mn

July 11th, 2008 - 7:29 pm ICT by IANS -
Bangalore, July 11 (IANS) Infosys Technologies Ltd incurred a loss of Rs.800 million in the volatile forex market due to 5.6 percent depreciation of the rupee during the first quarter this fiscal, ...

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Pakistan’s trade deficit at $20.7 bn

July 10th, 2008 - 12:57 pm ICT by IANS -
Islamabad, July 10 (IANS) Spiralling oil prices saw Pakistan's trade deficit rise an alarming 52.95 percent to $20.7 billion in the just ended fiscal 2007-08 from the previous $13.5 billion. "High oil ...

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Essar Shipping sales rise 33 percent to Rs.223 bn

June 20th, 2008 - 5:30 pm ICT by IANS -
New Delhi, June 20 (IANS) Essar Shipping Ports and Logistics Ltd posted a turnover of Rs.223.7 billion ($557.75 million) in 2007-08, reflecting a 33 percent rise in revenues over last year, it ...

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Hotel Leelaventure posts Rs.1.49 bn net profit

June 19th, 2008 - 6:34 pm ICT by IANS -
Mumbai, June 19 (IANS) Hotel Leelaventure Ltd Thursday announced a consolidated profit after tax (PAT) of Rs.1.49 billion ($34.74 million) 2007-08, compared to Rs.1.26 billion ($29.37 million) the previous year. This translates ...

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ONGC Videsh logs highest-ever oil and gas production overseas

June 12th, 2008 - 10:22 pm ICT by ANI -
New Delhi , June 12 (ANI): Oil and Natural Gas Corporation Limited (ONGC) Videsh Limited (OVL), the wholly-owned subsidiary of ONGC, has registered a production growth of 11 per cent, up ...

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Pakistan pumps in $6 mn to hold sliding rupee

May 7th, 2008 - 10:29 pm ICT by admin -
Xinhua Islamabad, May 7 (Xinhua) Pakistan's central bank said Wednesday it has pumped $6 million in the market through the exchange companies in a bid to hold the sinking rupee. Syed Wasimuddin, spokesman ...

Posted in South Asia, | No Comments »

Iran replaces US dollars in oil transactions

April 30th, 2008 - 9:25 pm ICT by admin -
Xinhua Tehran, April 30 (Xinhua) Iran has replaced the US dollar with other currencies in its oil transactions, an oil ministry official said Wednesday. "The dollar has completely been removed from our oil ...

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Rising rupee hits Infosys profit in last fiscal

April 15th, 2008 - 9:28 pm ICT by admin -
Bangalore, April 15 (IANS) Infosys Technologies Ltd suffered a loss of Rs.10 billion ($250 million) in net profit and Rs.20 billion in gross revenue for the last fiscal (2007-08) due to steep ...

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Anti collision device for railways will be introduced in two years: Lalu Prasad

February 26th, 2008 - 5:22 pm ICT by admin -
New Delhi, Feb 26 (ANI): Railways Minister Lalu Prasad on Tuesday announced that the Anti Collision Device would be introduced in Southern, South Central and South Western Railway in the next two ...

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Pharma companies seek incentives for R and D, export oriented benefits

February 14th, 2008 - 6:00 pm ICT by admin -
Mumbai, Feb 14 (ANI): Pharmaceutical companies of the country have urged Union Finance Minister P Chidambaram to extend export-related tax benefits and strengthen incentives for research and development in the General Budget ...

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India’s external debt rises to 190.5 billion dollars

December 31st, 2007 - 11:22 pm ICT by admin -
New Delhi, Dec 31 (ANI): India's external debt for the quarter ending September stood at 190.5 billion dollars (Rs.757, 967 crore), which is 9.9 billion dollars (5.5 per cent) more than over ...

Posted in Business, | No Comments »