http://www.dnaindia.com/ dnaindia.com delivers news and information on the latest top stories, sport, entertainment, business, technology, Mumbai, India, world and more. en-us COPYRIGHT @ 2010 DILIGENT MEDIA CORPORATION LTD. ALL RIGHTS RESERVED XML::RSS Wed, 10 Feb 2010 02:21:08 GMT Wed, 10 Feb 2010 02:21:08 GMT http://www.dnaindia.com/syndication/ 10 http://www.dnaindia.com/images/logo_dna_rss.gif http://www.dnaindia.com/ 31 88 dnaindia.com delivers news and information on the latest top stories, sport, entertainment, politics, India, World and more. http://www.dnaindia.com/money/report_india-doing-well-doesn-t-need-emergency-policies_1345712 http://www.dnaindia.com/money/report_india-doing-well-doesn-t-need-emergency-policies_1345712 Stephen Roach, chairman of Morgan Stanley Asia, who says "In the near term, I am more bullish on India", talked about the global as well as Asian economy in Mumbai on Tuesday. Tue, 09 Feb 2010 22:37:00 GMT http://www.dnaindia.com/money/report_164-channels-asked-to-register-for-downlinking_1345711 http://www.dnaindia.com/money/report_164-channels-asked-to-register-for-downlinking_1345711 The government has decided to ask old television channels, which were operational before December 2005, to register for downlinking in India. Tue, 09 Feb 2010 22:35:00 GMT http://www.dnaindia.com/money/report_it-having-second-thoughts-on-export-growth-estimates_1345710 http://www.dnaindia.com/money/report_it-having-second-thoughts-on-export-growth-estimates_1345710 In its recent report, Nasscom said IT export revenue growth, which is seen at 5.5% in the current fiscal, will achieve a growth rate of 13-15% in FY11. Tue, 09 Feb 2010 22:34:00 GMT http://www.dnaindia.com/money/report_govt-eyes-2-5-lakh-e-kiosks-by-2012_1345714 http://www.dnaindia.com/money/report_govt-eyes-2-5-lakh-e-kiosks-by-2012_1345714 The government will now hold another round of bidding for 1.5 lakh CSCs to be operational by 2012, taking the ratio to 1 CSC per 2.5 villages. Tue, 09 Feb 2010 21:39:00 GMT http://www.dnaindia.com/money/report_cognizant-sees-offshoring-budgets-up_1345709 http://www.dnaindia.com/money/report_cognizant-sees-offshoring-budgets-up_1345709 Expects profits to grow slower than revenues in 2010 as tax sops end. Tue, 09 Feb 2010 21:33:00 GMT http://www.dnaindia.com/money/report_patients-gain-as-hc-nixes-bayer-plea-vs-cipla_1345708 http://www.dnaindia.com/money/report_patients-gain-as-hc-nixes-bayer-plea-vs-cipla_1345708 German firm seeking the introduction of patent linkage in India. Tue, 09 Feb 2010 21:32:00 GMT http://www.dnaindia.com/money/report_reliance-media-to-move-sebi-against-inox-fame-deal_1345707 http://www.dnaindia.com/money/report_reliance-media-to-move-sebi-against-inox-fame-deal_1345707 Says there's more to it than just the pricing. Tue, 09 Feb 2010 21:30:00 GMT http://www.dnaindia.com/money/report_mlr-motors-plant-stuck-for-funding_1345706 http://www.dnaindia.com/money/report_mlr-motors-plant-stuck-for-funding_1345706 The car manufacturing unit proposed by MLR Motors on the outskirts of Hyderabad remains a non-starter even as the company's deadline to achieve financial closure by March nears. Tue, 09 Feb 2010 21:29:00 GMT http://www.dnaindia.com/money/report_auto-sales-fly-in-january_1345705 http://www.dnaindia.com/money/report_auto-sales-fly-in-january_1345705 Carmakers report highest-ever monthly sales; commercial vehicle sales double, but base was lower in January 2009. Tue, 09 Feb 2010 21:27:00 GMT http://www.dnaindia.com/money/report_india-still-not-lucrative-for-innovator-drugs_1345704 http://www.dnaindia.com/money/report_india-still-not-lucrative-for-innovator-drugs_1345704 MNCs don't prioritise access & their sales decisions target high-income countries. Tue, 09 Feb 2010 21:26:00 GMT http://www.dnaindia.com/money/report_tyre-shortage-hurting-cv-production_1345703 http://www.dnaindia.com/money/report_tyre-shortage-hurting-cv-production_1345703 Production affected last month, tyre makers deny capacity shortages. Tue, 09 Feb 2010 21:25:00 GMT http://www.dnaindia.com/money/column_for-a-long-term-play-opt-for-nabard-bonds_1345642 http://www.dnaindia.com/money/column_for-a-long-term-play-opt-for-nabard-bonds_1345642 However, FD rates currently aren't very attractive and even with the recent liquidity sucking measures taken by the RBI, banks seem to be in no hurry to raise rates. Tue, 09 Feb 2010 19:48:00 GMT http://www.dnaindia.com/money/report_2-3pct-of-budgetary-allocation-likely-for-e-gov-it-projects_1345694 http://www.dnaindia.com/money/report_2-3pct-of-budgetary-allocation-likely-for-e-gov-it-projects_1345694 The tender on the e-government projects which will be out after the budget announcements will stipulate criteria for bidding. Tue, 09 Feb 2010 17:58:50 GMT http://www.dnaindia.com/money/report_fii-dipstick-india-story-strong-but-weightings_1345693 http://www.dnaindia.com/money/report_fii-dipstick-india-story-strong-but-weightings_1345693 The level of conviction about the Indian story at the summit was strong. But this does not immediately translate into complete conviction among all classes of investors was the refrain. Tue, 09 Feb 2010 17:57:32 GMT http://www.dnaindia.com/money/report_reva-italian-pe-cimino-may-make-cars-at-fiat-sicily-unit_1345692 http://www.dnaindia.com/money/report_reva-italian-pe-cimino-may-make-cars-at-fiat-sicily-unit_1345692 The electric car company currently produces its cars at its Bangalore plant and exports them to Europe, Americas and Asia Pacific regions. Tue, 09 Feb 2010 17:55:59 GMT http://www.dnaindia.com/money/report_a-red-star-comes-crashing-down_1345691 http://www.dnaindia.com/money/report_a-red-star-comes-crashing-down_1345691 Symbolising Zhongwang's fall from grace, the company's shares slumped 27% on the Hong Kong stock exchange on Tuesday, when they resumed trading after a suspension of more than a month. Tue, 09 Feb 2010 17:53:50 GMT http://www.dnaindia.com/money/report_m-and-m-renault-alliance-recast-options-just-three_1345690 http://www.dnaindia.com/money/report_m-and-m-renault-alliance-recast-options-just-three_1345690 Mahindra and Mahindra (M&M) and French carmaker Renault are in talks to restructure their 51:49 joint venture -- Mahindra Renault Pvt Ltd. Tue, 09 Feb 2010 17:52:12 GMT http://www.dnaindia.com/money/report_budget-in-mind-itc-ups-flagship-cigarette-price_1345689 http://www.dnaindia.com/money/report_budget-in-mind-itc-ups-flagship-cigarette-price_1345689 A revenue-starved government may choose to hike excise duties on cigarettes by more than 5%, two analysts DNA spoke to said. Tue, 09 Feb 2010 17:50:44 GMT http://www.dnaindia.com/money/report_techmahindra-accounting-continues-to-fox_1345688 http://www.dnaindia.com/money/report_techmahindra-accounting-continues-to-fox_1345688 The note in the 2008 accounts reads: During the year, the company has entered in to an agreement with a customer under which it will have exclusivity for 90 days in negotiating an engagement. Tue, 09 Feb 2010 17:49:19 GMT http://www.dnaindia.com/money/report_stimulus-rollback-priced-in_1345679 http://www.dnaindia.com/money/report_stimulus-rollback-priced-in_1345679 The month leading to the Budget so far this year has seen the markets giving negative returns of 4.40%. This is in contrast to last 10 Budgets, of which the Sensex has gone up in 7 instances. Tue, 09 Feb 2010 17:08:53 GMT http://www.dnaindia.com/money/report_disinvestments-failed-to-thrill_1345678 http://www.dnaindia.com/money/report_disinvestments-failed-to-thrill_1345678 The markets sold as the finance minister announced the previous Budget, with the Sensex falling 869.65 points on the day. Tue, 09 Feb 2010 17:06:50 GMT http://www.dnaindia.com/money/comment_clarity-and-stability_1345676 http://www.dnaindia.com/money/comment_clarity-and-stability_1345676 With this tendency becoming a thing of the past and stable tax rates coming in, the Budget has almost become a non-event. Tue, 09 Feb 2010 17:04:55 GMT http://www.dnaindia.com/money/report_mcdonald-s-january-same-store-sales-up-2-6pct_1345641 http://www.dnaindia.com/money/report_mcdonald-s-january-same-store-sales-up-2-6pct_1345641 Same-store sales in the closely watched US region fell 0.7%, while those in Europe and in the AsiaPacific, Middle East and Africa region both rose 4.3%. Tue, 09 Feb 2010 15:32:12 GMT http://www.dnaindia.com/money/report_hathway-cable-ipo-poorly-subscribed-on-day-1_1345640 http://www.dnaindia.com/money/report_hathway-cable-ipo-poorly-subscribed-on-day-1_1345640 The IPO was subscribed 0.46 times with most bids coming in at the lower end of its IPO price band of Rs240-265, the data available at 5pm showed on Tuesday. Tue, 09 Feb 2010 15:31:29 GMT http://www.dnaindia.com/money/report_toyota-adds-new-prius-to-global-recall-list_1345637 http://www.dnaindia.com/money/report_toyota-adds-new-prius-to-global-recall-list_1345637 Toyota Motor Corp said it would recall nearly half a million new Prius and other hybrid cars for braking problems as it battled criticism of its response to the spiralling safety crisis. Tue, 09 Feb 2010 15:26:52 GMT http://www.dnaindia.com/entertainment/report_bbc-paid-top-stars-229-million-last-year_1345636 http://www.dnaindia.com/entertainment/report_bbc-paid-top-stars-229-million-last-year_1345636 The BBC said it was the first time in its history it had made the figures public as part of its drive and "commitment to greater transparency." Tue, 09 Feb 2010 15:25:55 GMT http://www.dnaindia.com/money/report_zee-turner-to-take-33-channels-off-hathway_1345629 http://www.dnaindia.com/money/report_zee-turner-to-take-33-channels-off-hathway_1345629 Hathway has been avoiding signing the agreement for airing 33 channels despite numerous efforts by Zee Turner and now being overdue by almost 10 months. Tue, 09 Feb 2010 15:06:26 GMT http://www.dnaindia.com/money/report_india-s-it-bpo-market-may-touch-285-billion-in-2020-report_1345626 http://www.dnaindia.com/money/report_india-s-it-bpo-market-may-touch-285-billion-in-2020-report_1345626 The report, `Asia-Oceania Vision 2020: Enabling IT Leadership Through Collaboration' was released here today at NASSCOM India Leadership Forum 2010. Tue, 09 Feb 2010 14:54:24 GMT http://www.dnaindia.com/money/report_bharti-reliance-plan-mobile-applications-stores_1345601 http://www.dnaindia.com/money/report_bharti-reliance-plan-mobile-applications-stores_1345601 Bharti Airtel said on Tuesday it would provide more than 1,250 applications across 25 categories including games, books and social networking on its applications store. Tue, 09 Feb 2010 14:04:36 GMT http://www.dnaindia.com/money/report_vijay-mallya-keen-on-expanding-business-in-bihar_1345568 http://www.dnaindia.com/money/report_vijay-mallya-keen-on-expanding-business-in-bihar_1345568 'There is lot of scope for expansion of business of distillery here as I have special affection for Bihar,' the business tycoon said. Tue, 09 Feb 2010 13:31:01 GMT http://www.dnaindia.com/money/report_barclays-ceo-reform-should-allow-smoother-failures_1345486 http://www.dnaindia.com/money/report_barclays-ceo-reform-should-allow-smoother-failures_1345486 John Varley also said once reform of the industry was complete the British taxpayer should not have to have to step in to save any bank. Tue, 09 Feb 2010 11:22:22 GMT http://www.dnaindia.com/money/report_rbi-allows-changes-in-forex-loan-repayment_1345482 http://www.dnaindia.com/money/report_rbi-allows-changes-in-forex-loan-repayment_1345482 Bank may also allow changes in the currency of borrowing to firms, so long as it is freely convertible. Tue, 09 Feb 2010 11:19:17 GMT http://www.dnaindia.com/money/report_gmr-infra-wins-road-contract-from-national-highways-authority-of-india_1345439 http://www.dnaindia.com/money/report_gmr-infra-wins-road-contract-from-national-highways-authority-of-india_1345439 GMR Infrastructure Ltd said on Tuesday its consortium has been awarded a road construction project from the National Highways Authority of India. Tue, 09 Feb 2010 09:46:21 GMT http://www.dnaindia.com/money/report_aegon-religare-gets-rs850-million-infusion_1345429 http://www.dnaindia.com/money/report_aegon-religare-gets-rs850-million-infusion_1345429 Religare Enterprises owns 44%, Dutch insurer Aegon 26% and Bennett, Coleman & Co Ltd 30% in the life insurance venture that began operations in India in July 2008. Tue, 09 Feb 2010 09:15:38 GMT http://www.dnaindia.com/money/report_oil-below-us-72-in-asian-trade_1345387 http://www.dnaindia.com/money/report_oil-below-us-72-in-asian-trade_1345387 New York's main futures contract, light sweet crude for delivery in March, was down 24 cents to US$ 71.65 a barrel. Tue, 09 Feb 2010 07:10:06 GMT http://www.dnaindia.com/money/report_renault-india-to-restructure-mahindra-joint-venture_1345375 http://www.dnaindia.com/money/report_renault-india-to-restructure-mahindra-joint-venture_1345375 "We are exploring all options. A final decision on this will be taken in 30 to 45 days," chief operating office Sudhir Rao, Renault India said. Tue, 09 Feb 2010 07:03:10 GMT http://www.dnaindia.com/india/report_auto-sales-cross-record-11-lakh-units-in-january_1345365 http://www.dnaindia.com/india/report_auto-sales-cross-record-11-lakh-units-in-january_1345365 The car manufacturers had earlier touched the peak at 1,29,358 units in March, 2009. Tue, 09 Feb 2010 06:48:56 GMT http://www.dnaindia.com/money/report_boeing-s-new-747-takes-flight-near-seattle_1345356 http://www.dnaindia.com/money/report_boeing-s-new-747-takes-flight-near-seattle_1345356 The new plane, the biggest commercial jet Boeing has ever built, completed a 3-12 hour flight around the Puget Sound area from an airfield north of Seattle, Washington, without any hitches. Tue, 09 Feb 2010 06:19:03 GMT http://www.dnaindia.com/money/report_ghana-blocks-exxon-4-billion-deal-for-oil-field-stake_1345351 http://www.dnaindia.com/money/report_ghana-blocks-exxon-4-billion-deal-for-oil-field-stake_1345351 A Ghanaian official said state-run Ghana National Petroleum Corp would be the only entity allowed to buy Kosmos' stake in the field. Tue, 09 Feb 2010 06:09:34 GMT http://www.dnaindia.com/money/report_rupee-pulls-back-from-7-week-low_1345326 http://www.dnaindia.com/money/report_rupee-pulls-back-from-7-week-low_1345326 Indian shares fell 0.3% early before turning positive, but the debt worries in Europe kept investors cautious. Tue, 09 Feb 2010 05:13:28 GMT http://www.dnaindia.com/money/market-report_sensex-closes-above-16000-on-global-cues-it-psus-rally_1345317 http://www.dnaindia.com/money/market-report_sensex-closes-above-16000-on-global-cues-it-psus-rally_1345317 The wide-based National Stock Exchange index Nifty 50 also rose by 32.25 points to 4,792.65, after crossing the psychological 4,800-mark during the session. Tue, 09 Feb 2010 04:35:46 GMT http://www.dnaindia.com/money/report_hong-kong-shares-open-0-17pct-higher_1345316 http://www.dnaindia.com/money/report_hong-kong-shares-open-0-17pct-higher_1345316 The benchmark Hang Seng Index was up 32.90 points at 19,583.79. Tue, 09 Feb 2010 04:31:46 GMT http://www.dnaindia.com/money/report_karnataka-seeks-to-woo-hero-honda_1345312 http://www.dnaindia.com/money/report_karnataka-seeks-to-woo-hero-honda_1345312 Karnataka is competing with Maharshtra and Tamil Nadu for Rs2,000-crore investment. Tue, 09 Feb 2010 04:05:20 GMT http://www.dnaindia.com/money/report_tokyo-stocks-open-lower_1345296 http://www.dnaindia.com/money/report_tokyo-stocks-open-lower_1345296 Japanese share prices opened lower today, with the benchmark Nikkei-225 index falling 72.92 points. Tue, 09 Feb 2010 02:47:21 GMT http://www.dnaindia.com/money/report_trade-gap-with-arab-block-to-narrow_1345238 http://www.dnaindia.com/money/report_trade-gap-with-arab-block-to-narrow_1345238 Export-import transactions with the Arab block may close the fiscal down 14% year on year despite a drop of more than 35% seen during the six months to September. Mon, 08 Feb 2010 21:31:00 GMT http://www.dnaindia.com/money/report_changing-mutual-fund-agents-still-an-issue_1345203 http://www.dnaindia.com/money/report_changing-mutual-fund-agents-still-an-issue_1345203 Take this Mumbai resident who works with a foreign airline. The 32-year-old man wanted to switch to a local mutual fund agent from a foreign bank, which had sold him the mutual fund scheme. Mon, 08 Feb 2010 21:22:00 GMT http://www.dnaindia.com/money/report_four-firms-set-to-enter-mf-space-in-six-months_1345202 http://www.dnaindia.com/money/report_four-firms-set-to-enter-mf-space-in-six-months_1345202 Union Bank of India, meanwhile, has formed a joint venture with Belgium-based KBC Group for its asset management firm. The bank holds a 51% stake in the venture. Mon, 08 Feb 2010 21:20:00 GMT http://www.dnaindia.com/money/report_margin-squeeze-at-bajaj-electricals_1345231 http://www.dnaindia.com/money/report_margin-squeeze-at-bajaj-electricals_1345231 Rising input costs will crimp the margins of Bajaj Electricals in the current quarter, said Shekhar Bajaj, chairman and MD of the home appliances company, on Monday. Mon, 08 Feb 2010 21:09:00 GMT http://www.dnaindia.com/money/report_overcapacity-issues-and-the-crash-in-prices_1345192 http://www.dnaindia.com/money/report_overcapacity-issues-and-the-crash-in-prices_1345192 Though cement prices showed signs of firming up in the third quarter of the financial year, analysts predict that by May-June, prices will again start falling because of the oversupply. Mon, 08 Feb 2010 20:40:00 GMT http://www.dnaindia.com/money/report_stimulus-the-saviour_1345189 http://www.dnaindia.com/money/report_stimulus-the-saviour_1345189 MEPS, the global steel consultancy, has a bullish prediction for 2010 and has listed India and China as the major drivers of the uptrend. Mon, 08 Feb 2010 20:38:00 GMT