<?xml version="1.0" encoding="iso-8859-1"?>
<rss version="2.0">
<channel>
<title>Finance News: India Business News</title>
<copyright>Copyright © Yahoo! Web Services India Pvt Ltd. All Rights Reserved.</copyright>
<link>http://in.biz.yahoo.com/business-news/</link>
<description>Latest India Business News</description>
<language>en-en</language>
<lastBuildDate>Sun Nov 22 14:36:01 2009</lastBuildDate>
<ttl>5</ttl>
<image>
<title>Yahoo! India Finance</title>
<link>http://in.finance.yahoo.com</link>
<url>http://l.yimg.com/t/i/in/fi/fi_logo.gif</url>
<height>30</height>
<width>140</width>
</image>

<item>
<title><![CDATA[Terror: a clear &amp; present danger to biz ]]></title>
<link>http://in.biz.yahoo.com/091121/50/baumpr.html</link>
<description><![CDATA[In the aftermath of 9/11, close to 200,000 jobs were lost or temporarily relocated out of Big Apple. Lower Manhattan alone lost 30% of its office space and scores of businesses disappeared. In the first trading session after Bali bombings (2002), the Jakarta stock market plunged more than 10% and rupiah plunged 3.7%. The trend is obvious elsewhere too the train attacks in Madrid (2004), London (2005), and 26/11. Though numbers fail to quantify the impact of such acts on human psyche, the linkage of terror strikes to industry sentiments is evident. Terrorism besides spreading fear has its primal focus ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091121/50/baumpr.html</guid>
<pubDate>Sat, 21 Nov 2009 21:13:55 GMT</pubDate>
</item>
<item>
<title><![CDATA[RIL offers to acquire LyondellBasell stake ]]></title>
<link>http://in.biz.yahoo.com/091121/50/baumpq.html</link>
<description><![CDATA[LyondellBasell Industries, among the world s largest polymers, petrochemicals &amp; fuels companies, said it has received a preliminary non-binding offer from Reliance Industries Ltd (RIL) to acquire for cash a controlling interest in the company. This offer is in addition to the previous non-binding equity financing proposals received by the company and represents a potential alternative to the initial plan of reorganisation previously filed by the company, LyondellBasell said in a statement. The bankrupt LyondellBasell did not disclose the size of the offer, but analysts say RIL could pull off an acquisition of $10 billion-plus, since it holds $4 billion in ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091121/50/baumpq.html</guid>
<pubDate>Sat, 21 Nov 2009 21:11:17 GMT</pubDate>
</item>
<item>
<title><![CDATA[The White Winter ]]></title>
<link>http://in.biz.yahoo.com/091121/50/baumpm.html</link>
<description><![CDATA[The white winterEvery year I broach this subject and every year, I feel I come up with nothing drastically new. It is always the same list of rich corpulent reds or else it is a recipe for a mulled (spiced) wine. The idea then seems as traditional as Christmas itself. They do work well in this season and that I cannot deny. Nothing quite parallels the richness of a delicious luscious wine with juicy tannins, cradled in the palm of our hand, absorbing the warmth while it delivers more of it at the same time. A wine that you feel ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091121/50/baumpm.html</guid>
<pubDate>Sat, 21 Nov 2009 21:07:26 GMT</pubDate>
</item>
<item>
<title><![CDATA[2010: Telecom predictions ]]></title>
<link>http://in.biz.yahoo.com/091121/50/baumpj.html</link>
<description><![CDATA[Wireless Operators Push Netbooks Heavy data usage by netbook users could place more strain on already loaded data networks. Operators will either need to spend significantly to develop these capabilities or outsource them to prevent consumer backlash. The FCC: Stuck in Neutral with the Net The significant debate on net neutrality rules continues, and FCC efforts to reach a compromise bog down for many months. The potential imposition of net neutrality in wireless already has had a chilling effect on spectrum auctions and rural broadband stimulus participation. Ultimately, the FCC will reach a compromise between network reliability and innovation that ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091121/50/baumpj.html</guid>
<pubDate>Sat, 21 Nov 2009 21:05:16 GMT</pubDate>
</item>
<item>
<title><![CDATA[Challenges in Accelerating Telecom Services ]]></title>
<link>http://in.biz.yahoo.com/091121/50/baumpi.html</link>
<description><![CDATA[As a nation we feel proud about the Indian telecom growth as we have the second largest network with nearly 450 million cellular mobile phones, after China s more than 750 million. However, to put our growth in context, not only China but our neighboring countries have much higher teledensities than ours. The emergence of wireless as the growth driver coupled with the possibilities of low cost deployments offers opportunities that are unprecedented. Studies have found that 1% growth in teledensity leads to 3-6% growth in GDP. Hence, the large and continuing gap with other countries shows the challenges ahead for ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091121/50/baumpi.html</guid>
<pubDate>Sat, 21 Nov 2009 21:03:21 GMT</pubDate>
</item>
<item>
<title><![CDATA[Spoilt for choice ]]></title>
<link>http://in.biz.yahoo.com/091121/50/baumpf.html</link>
<description><![CDATA[These are interesting times to be covering the telecom industry. With so much happening, there isn t a dull moment, ever. On one hand, we have the 3G spectrum auctions that are expected to take place early next year, which would provide faster access to the internet on a mobile phone and on the other, cellular service providers are embroiled in cut-throat competition to see who can provide the lowest tariffs and add more subscribers. The latter s effects can be seen as India is adding about 15 mn new subscribers every month consistently! And then there are mobile phones themselves. There ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091121/50/baumpf.html</guid>
<pubDate>Sat, 21 Nov 2009 20:55:47 GMT</pubDate>
</item>
<item>
<title><![CDATA[Qwerty Picks? ]]></title>
<link>http://in.biz.yahoo.com/091007/50/bauayr.html</link>
<description><![CDATA[Globally, Apple and Blackberry are replacing Samsung and Nokia as handset manufacturers generating highest profits. At the same time, the gap between handset makers and telecom service providers is fast disappearing. We look at how these developments will impact the Indian telecom scenario Thanks to the declining mobile tariffs and availability of low cost handsets in the country, the Indian mobile market has witnessed rapid increase in its subscriber base over the past few years. An average of around 10 mn subscribers were added each month during 2008 with penetration approaching saturation in urban India. So, the mobile operators in ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091007/50/bauayr.html</guid>
<pubDate>Sat, 21 Nov 2009 20:50:06 GMT</pubDate>
</item>
<item>
<title><![CDATA[Pavilions from northeast region doing brisk business at IITF]]></title>
<link>http://in.biz.yahoo.com/091121/139/baumoz.html</link>
<description><![CDATA[New Delhi, Nov 21 (ANI): Pavilions from northeast region are doing brisk business at the ongoing 29th India International Trade Fair (IITF) in New Delhi.]]></description>
<provider>ANI</provider>
<guid isPermaLink="false">/091121/139/baumoz.html</guid>
<pubDate>Sat, 21 Nov 2009 09:28:23 GMT</pubDate>
</item>
<item>
<title><![CDATA[Shell in talks to buy 10 pct of Essar Oil - report]]></title>
<link>http://in.biz.yahoo.com/091121/137/baumot.html</link>
<description><![CDATA[MUMBAI (Reuters) - Royal Dutch Shell is in talks to buy 10 percent of India's Essar Oil as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans.]]></description>
<provider>Reuters</provider>
<guid isPermaLink="false">/091121/137/baumot.html</guid>
<pubDate>Sat, 21 Nov 2009 09:00:30 GMT</pubDate>
</item>
<item>
<title><![CDATA[Reuters Summit - India on recovery trail, but challenges loom]]></title>
<link>http://in.biz.yahoo.com/091120/137/baumlo.html</link>
<description><![CDATA[MUMBAI (Reuters) - India evaded the eye of the storm that sucked the global economy into the worst downturn since the Great Depression, and has emerged, along with China, as a leader of the nascent worldwide recovery.]]></description>
<provider>Reuters</provider>
<guid isPermaLink="false">/091120/137/baumlo.html</guid>
<pubDate>Sat, 21 Nov 2009 06:10:26 GMT</pubDate>
</item>
<item>
<title><![CDATA[Trai caps fee on mobile porting at a low Rs 19 ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnu.html</link>
<description><![CDATA[Mobile users will pay at most Rs 19 to retain their old number each time they switch service provider. That s the porting charge ceiling set by telecom regulator Trai on Friday in the run-up to the launch of mobile number portability (MNP) in category A circles from January and the rest of the country by next March. However, under Trai regulations issued in July, mobile users will have to wait 90 days before they can switch networks. The porting charge is a fee paid to an MNP service provider by the mobile operator that a subscriber wishes to switch to. ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnu.html</guid>
<pubDate>Fri, 20 Nov 2009 22:06:48 GMT</pubDate>
</item>
<item>
<title><![CDATA[India to release 'green GDP' data from 2015 ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnt.html</link>
<description><![CDATA[In a bid to bring environmental concerns into mainstream growth accounting, the government plans to release green GDP data from 2015, environment minister Jairam Ramesh said on Friday. Green GDP is conventional gross domestic product figures adjusted for the environmental costs of economic activities. It s a measure of how a country is prepared for sustainable economic development. It is possible for scientists to estimate green GDP. An exercise has started under the country s chief statistician Pronab Sen and by 2015, India s GDP numbers would be adjusted with economic costs of environmental degradation, Ramesh said at the release of Green India, ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnt.html</guid>
<pubDate>Fri, 20 Nov 2009 22:05:13 GMT</pubDate>
</item>
<item>
<title><![CDATA[GVK to acquire L&amp;T stake in Bial ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumns.html</link>
<description><![CDATA[GVK Airport Developers Pvt Ltd, a wholly owned subsidiary of GVK Power and Infrastructure Ltd, is in the process of acquiring the 17% stake of Larsen &amp; Toubro (L&amp;T) in Bengaluru International Airport Ltd (Bial). GVK Airport Developers had earlier this month acquired Zurich Airport s 12% stake in Bial. The GVK group, which is looking for a larger role in India s airport business, holds nearly 37% stake in Mumbai International Airport Limited (Mial) the consortium that runs the Chhatrapati Shivaji International Airport. There were unconfirmed media reports earlier this month that the group was in talks for acquiring 13.5% more ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumns.html</guid>
<pubDate>Fri, 20 Nov 2009 22:01:56 GMT</pubDate>
</item>
<item>
<title><![CDATA[Four US firms on RIL's radar ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnr.html</link>
<description><![CDATA[Reliance Industries Ltd (RIL), which is eyeing multi-fold growth and a more widespread global footprint, is targeting US oil refining &amp; marketing companies like Tesoro Corp, Delek US Holdings, Sunoco Inc and Valero Energy Corp for possible acquisition, says Macquarie Research in a new report. The acquisition target so far doing the rounds was troubled petrochemical major LyondellBasell, which is going through a reorganisation under the protection of a US court. But the Macquarie report lays out several reasons for RIL looking at a new set of companies. For instance, Valero has shut it 235-thousand barrel per day (kbpd) Aruba ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnr.html</guid>
<pubDate>Fri, 20 Nov 2009 21:58:22 GMT</pubDate>
</item>
<item>
<title><![CDATA[Corporate Notes ]]></title>
<link>http://in.biz.yahoo.com/091112/50/baujs7.html</link>
<description><![CDATA[Ranbaxy recalls drugs from US market Ranbaxy Laboratories has recalled from the US market a batch of 4,348 cartons of Sotret Isotretinoin capsules used in treating skin infections. According to the information available on US health regulator Food and Drug Administration s (FDA) website, Ranbaxy, through its US-based subsidiary Ranbaxy Laboratories, has issued a nation-wide class III recall for a batch of Sotret Isotretinoin capsules of 40 mg strength. However, a class III recall signifies that the use of the product is not likely to be harmful. Shree Renuka profit up Shree Renuka Sugars on Friday reported nearly a three-fold jump ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091112/50/baujs7.html</guid>
<pubDate>Fri, 20 Nov 2009 21:55:55 GMT</pubDate>
</item>
<item>
<title><![CDATA[Non-ferrous metals on Reliance-SX radar ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnq.html</link>
<description><![CDATA[Reliance Spot Exchange (R-SX), a part of the Anil Dhirubhai Ambani Group, is looking to add non-ferrous metals like copper, zinc and aluminium to its portfolio soon. The spot exchange, which has recently started trading in pepper, has applied for agriculture produce marketing committee (APMC) licences in three states, said Rajnikant Patel, chief executive officer of Reliance Exchange Next, a wholly-owned subsidiary of Reliance Capital. R-SX, which entered the spot exchange business a few months back, is dealing in steel and pepper trading to begin with. Its per day trading in steel varies between 10 and 50 tonne. Patel, who ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnq.html</guid>
<pubDate>Fri, 20 Nov 2009 21:52:46 GMT</pubDate>
</item>
<item>
<title><![CDATA[Airtel slashes roaming rates by 60% to 60p ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumno.html</link>
<description><![CDATA[Intensifying the tariff war, the country s largest telecom operator, Bharti Airtel, on Friday slashed the roaming rates by 60% to 60 paise per minute, thus becoming the second operator after Reliance Communications to do so. Analysts say that other operators will follow suit soon. The move assumes significance, as telecom operators are already engaged in tariff wars and with the market leader now drastically reducing the roaming charges, others will be left with no choice but to replicate the move. Though, when contacted, none of the operators confirmed a possible cut in roaming charges in near future, officials of telecom ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumno.html</guid>
<pubDate>Fri, 20 Nov 2009 21:49:59 GMT</pubDate>
</item>
<item>
<title><![CDATA[PE firms target non-financial sectors to recruit top brass ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnn.html</link>
<description><![CDATA[In a departure from a long-standing trend, private equity firms are zeroing in on industries like manufacturing and services in their hunt for chief executive officers (CEOs), managing directors and other senior executives, thus deviating from the traditional practice of searching from within the financial sector. PE firms are now keen to entrust their operations in the hands of professionals from different industries, such as those from FMCG giants Hindustan Unilever or Coca-Cola. For instance, TVS Capital, the PE arm of TVS Group, has hired D Sundaram, an industry veteran who served HUL for 34 years, as its vice-chairman and ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnn.html</guid>
<pubDate>Fri, 20 Nov 2009 21:46:10 GMT</pubDate>
</item>
<item>
<title><![CDATA[Tata Steel's $546-million bond sale over ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnl.html</link>
<description><![CDATA[Tata Steel Ltd on Friday said it sold $ 546.9 million in new convertible bonds in exchange for $493 million of securities as part of a plan to reduce costs and ease repayment obligations. About $382 million of bonds remain outstanding, it said. The company, aiming to cut funding costs, got 56% acceptance for a bond exchange on debt raised to fund its purchase of Corus, which it bought in January 2007 for $12.9 billion. Under the exchange offer, the company invited holders of convertible alternative reference securities CARS to offer to exchange any or all of their CARS for ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnl.html</guid>
<pubDate>Fri, 20 Nov 2009 21:38:16 GMT</pubDate>
</item>
<item>
<title><![CDATA[Bharat Hotels to invest Rs 2,300 cr in four yrs ]]></title>
<link>http://in.biz.yahoo.com/091120/50/baumnk.html</link>
<description><![CDATA[Bharat Hotels Ltd, which runs the Lalit Suri Hospitality Group, will invest around Rs 2,300 crore in 42 hotels over the next four years. The company will invest around Rs 1,500 crore in its flagship luxury brand The Lalit and Rs 750-800 crore in mid-market segment brand, which the company is yet to name. The funds will be raised through internal accruals, debt and external commercial borrowings. Jyotsna Suri, chairperson and managing director, The Lalit Suri Hospitality Group, said, Our development plans are always based on sound finance planning and hence changes in the business climate does not affect our ...]]></description>
<provider>Indian Express Finance</provider>
<guid isPermaLink="false">/091120/50/baumnk.html</guid>
<pubDate>Fri, 20 Nov 2009 21:37:13 GMT</pubDate>
</item>
</channel>
</rss>
