Crude delivery hit by ships colliding off Mumbai (Reuters) Posted: 09 Aug 2010 11:20 AM PDT Reuters - The collision of two cargo ships off Mumbai at the weekend shut India's busiest port on Monday, caused an oil slick and stalled the delivery of 1.5 million barrels of crude oil for one of the biggest refiners. |
GST bill delayed, peeling away reformist face (Reuters) Posted: 09 Aug 2010 06:37 AM PDT Reuters - India's most ambitious indirect tax reform is at serious risk of missing another deadline following failure so far to win opposition support for a bill crucial for business and public finances. |
Landslides complicate Pakistan flood relief efforts (Reuters) Posted: 09 Aug 2010 07:39 AM PDT Reuters - Soldiers and aid workers struggled on Monday to reach at least a million people cut off by landslides that have complicated relief efforts after the worst floods in Pakistan in 80 years. |
Foreign tourists rescued from flooded Ladakh (Reuters) Posted: 09 Aug 2010 05:55 AM PDT Reuters - Indian military helicopters on Monday plucked about 150 foreign tourists to safety in the Himalayan region of Ladakh where flash floods have killed 156 people. |
Karnataka wants iron ore for local plants (Reuters) Posted: 09 Aug 2010 09:54 AM PDT Reuters - Karnataka state aims to permanently ban iron ore exports to conserve the raw material for steel makers such as ArcelorMittal, which will be given land for a plant this month, Chief Minister B.S. Yeddyurappa told Reuters on Monday. |
Honda to recall 428,000 vehicles in N. America (Reuters) Posted: 09 Aug 2010 11:03 AM PDT Reuters - Honda Motor Co said on Monday it was recalling more than 428,000 vehicles in the United States and Canada because of a defect that could cause the cars to roll away if they are parked incorrectly. |
Skype files for IPO of up to $100 million (Reuters) Posted: 09 Aug 2010 08:02 AM PDT Reuters - Internet-based phone service Skype filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of American Depositary Shares. |
PSUs exempted from 25 pct float norm (Reuters) Posted: 09 Aug 2010 07:31 AM PDT Reuters - NEW DELHI (Reuters) The government has exempted state-owned firms from new rules requiring companies to have a public float of at least 25 percent, following two major share sales from government-owned firms earlier in the year that drew tepid responses. |
Posco's Orissa steel mill may be cleared after Aug 16 (Reuters) Posted: 09 Aug 2010 03:01 AM PDT Reuters - South Korean POSCO's $12 billion steel mill project could be cleared soon after a panel investigating a breach of law in acquiring land for the plant submits its report on August 16, a top official said on Monday. |
Infosys to search for Murthy's successor - report (Reuters) Posted: 08 Aug 2010 09:04 PM PDT Reuters - Infosys Technologies , India's No. 2 software exporter, will commence the task of finding a replacement for its chairman and chief mentor N.R. Narayana Murthy from January next year, The Economic Times reported on Monday citing three sources. |
July local car sales hit record, hurdles ahead (Reuters) Posted: 09 Aug 2010 01:04 AM PDT Reuters - Car sales in the country rose 38 percent in July, but face capacity constraints, a possible rise in interest rates and supply bottlenecks as the festive season draws near, when demand for vehicles peak. |
SBI rights issue likely March qtr of FY 11 - sources (Reuters) Posted: 09 Aug 2010 12:47 AM PDT Reuters - The country's largest lender State Bank of India plans to hit the market with a rights issue of about 200 billion rupees ($4.34 billion), likely in the fiscal quarter ending March 2011, two sources with direct knowledge of the matter told Reuters on Monday. |
Q+A - Implications of inflation for UPA coalition (Reuters) Posted: 08 Aug 2010 10:03 PM PDT Reuters - Headline inflation may touch 11 percent for July, its sixth straight month in double digits, making high prices the single biggest political and policy challenge for a government voted in on a pro-poor agenda. |
ANALYSIS - Bottlenecks to prolong high inflation (Reuters) Posted: 08 Aug 2010 10:03 PM PDT Reuters - If only inflation woes could be washed away by the summer monsoon. Instead, India is girding itself for a "new normal" of inflation running at 6 to 8 percent, from the roughly 5 percent considered acceptable by policymakers in recent years, as a racing economy exacerbates structural bottlenecks. |
Islamists win thanks from Pakistani flood victims (Reuters) Posted: 09 Aug 2010 01:18 AM PDT Reuters - Pakistani Islamists have been quick to step in to help after this month's devastating floods, winning hearts and minds as frustration with the U.S.-backed government grows. |
POSCO sees no delay in Orissa steel mill project (Reuters) Posted: 08 Aug 2010 08:01 PM PDT Reuters - POSCO expects its proposed $12 billion steel mill project in Orissa not to be delayed by ongoing talks between the central and state governments, a spokesman at POSCO said on Monday. |
CORRECTED - Brave Laxman leads India to series-tying win (Reuters) Posted: 09 Aug 2010 12:41 AM PDT Reuters - A limping Vangipurappu Laxman scored a magnificent unbeaten century to guide India to a five-wicket victory in the third and final test against Sri Lanka on Saturday, earning the visitors a 1-1 tie in the series. |