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Kerala Global, India: Business News.
Posted On: May 17 2008 Can the computer replace your chartered accountant? Yes, says a software firm, which is aiming its only product at the small-time taxpayer who can't afford the hassles of finding a person to help file tax returns.TaxSpanner - an online income tax preparation and filing tool for India at taxspanner.com - offers to help you "e-file" your income tax return in three easy steps.Delhi-based SpanAcross I ...Read Full News UTV goes to Hollywood, launches first American production Posted On: May 17 2008 Bollywood corporate houses are venturing into co-production in association with American and European studios. But UTV has gone a step further by producing its first Hollywood film, which is being shot in Texas.Titled "The Exterminators", it features Heather Graham, Jennifer Coolidge and others and is being directed by cinematographer-turned-director John Inwood."We've done co-productions like the ...Read Full News Arcelor Mittal plant in Trinidad closed after worker's death Posted On: May 15 2008 All operations at the Arcelor Mittal steel plant here came to a halt as government officials began investigations into the death of an Indo-Trinidadian worker whose head was crushed by a machine used to compact rolls of steel at the plant. Eyewitnesses said Anil Bickramdass of McBean, Couva, about five kilometres from the steel plant at Point Lisas in central Trinidad, was working on a compactor ...Read Full News Cholamandalam DBS launches online share trading Posted On: May 15 2008 ) ...Read Full News Equities markets on the upswing in early trade (Lead) Posted On: May 15 2008 Indian equities markets were on the upswing early Thursday after opening in the green, thanks to strong buying interest in banking, realty, cement, metals, capital goods and telecom stocks. Other Asian markets were up as well, and the Dow had closed in the green Wednesday.The 30-share benchmark sensitive index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain 106.54 points at 17,0 ...Read Full News Eva Air third airline to suspend Indian operations Posted On: May 15 2008 Rising fuel costs coupled with the choice of destinations have forced Taiwan-based Eva Air to pull out of India, making it the third international carrier in a year to stop operations here."We have decided to temporarily suspend operations to India with effect from June 1. We will evaluate the re-opening of India operations once profitability conditions are reinstated," Eva Air general manager (In ...Read Full News Finnair in talks with Indian airlines for partnership Posted On: May 15 2008 Nordic airline Finnair is in talks with leading airlines in India for a partnership in order to strengthen its position in the local market there."We are in partnership talks with the leading airlines of India. We need this in the long run. This would simply make our connections locally better and it would also help in timetable coordination with the connecting flights," Jukka Hienonen, president ...Read Full News Indian equities markets open in green, notch early gains Posted On: May 15 2008 Indian equities markets opened in the green Thursday in the wake of favourable cues from other Asian markets.The 30-share benchmark sensitive index of the Bombay Stock Exchange, the Sensex, opened with a gain of 106.54 points or 0.66 percent at 17,084.89.Minutes after opening, the Sensex moved further upwards to 17,114.59, gaining 136.24 points or 0.80 percent. The S&P Nifty index of the National ...Read Full News Indian workers launch hunger strike in front of White House Posted On: May 15 2008 A group of five Indian workers have launched a hunger strike in front of the White House demanding a US Congressional investigation into their "exploitation" by American companies.The five workers who began the "water only" protest at Lafayette Park opposite the US presidential mansion Wednesday were among more than 500 Indian welders and pipe fitters who allegedly paid up to $20,000 apiece for fa ...Read Full News Microfinance Insights Magazine releases survey report on human resource challenges Posted On: May 15 2008 ) ...Read Full News Mistral offers high performance OpenGL solution to Indian defense Posted On: May 15 2008 ) ...Read Full News Now video rental business goes corporate Posted On: May 15 2008 The video rental business, dominated for years by the neighbourhood shop around the corner, is now drawing big corporates - a move that makes watching movies at home easier and promises to cut down piracy.Bigflicks Ltd, a subsidiary of the Reliance Anil Dhirubhai Ambani Group (ADAG), is the latest entrant with an initial network spanning 10 cities. Seventymm, with its presence in six cities, curr ...Read Full News P8I aircraft will give Indian Navy maritime patrol edge: Boeing Posted On: May 15 2008 The Boeing P8I maritime patrol aircraft the Indian Navy is on the verge of acquiring in a $2.2 billion deal will give it a marked edge in the Indian Ocean region and one that is comparable to its US counterpart, the aircraft's manufacturer says."This will be the first time the Indian Navy will be able to operate a platform almost simultaneously with the US Navy," Richard Buck, Boeing's internation ...Read Full News Pakistan advances clock to conserve energy Posted On: May 15 2008 Facing a huge energy deficit, Pakistan has drawn up a comprehensive plan for conserving power by advancing clocks by an hour and ordering markets to close by 9 p.m. from June 1.The adjustment in the Pakistan Standard Time (PST) would take it six hours ahead of GMT. Henceforth, sunrise in Islamabad will be at 6 a.m. instead of 5 a.m. and sunset at 8 p.m.Pakistan, which faces an energy shortfall of ...Read Full News Farmers enter world of carbon trading through biogas use Posted On: May 14 2008 Global warming has added a new commodity to the Kerala farmers' basket - a virtual commodity called carbon credit - thanks to their use of biogas.The carbon credits, earned by around 16,000 farmers for their contribution towards controlling emission of greenhouse gases, are being traded now at Chicago Climate Exchange (CCX) providing them a small amount annually.It was an NGO, Anthyodaya, which pi ...Read Full News Hirco reports strong interim results Posted On: May 08 2008 ) ...Read Full News Italy's Ducati to enter Indian superbike market Posted On: May 08 2008 Eyeing the potential for superbikes in the market, Italian-based Ducati Motor, the world's leading producer of racing motorcycles announced its entery into the Indian market with its premium range vehicles.The company aims to be the market leader in the high-end bike segment that is to be priced between rupees 15 lakh and rupees 50 lakh.Ducati's venture is in partnership with Precision Motor India ...Read Full News Cincom Socrates 8.3 provides deeper integration with SAP solutions Posted On: May 07 2008 ) ...Read Full News Esha News Monitoring launches web page service Posted On: May 07 2008 ) ...Read Full News HOV services ranked in top 15 of IAOP's global outsourcing 100 Posted On: May 07 2008 ) ...Read Full News India SystemC User Group holds annual meeting on May 9 in Bangalore Posted On: May 07 2008 ) ...Read Full News Chrysler promotion locks in gas prices Posted On: May 07 2008 Chrysler announced it would provide cards that lock in gas prices at $2.99 a gallon for three years for most of its car buyers through June 2.The company announced the Let's Refuel America promotion would provide most U.S. Chrysler, Jeep and Dodge buyers with enough gas purchases at the $2.99 price to cover 12,000 miles of driving a year, based on the car's federal miles-per-gallon rating.Chrysler ...Read Full News Investigator recommends changes for BAE Posted On: May 07 2008 An independent investigator in Britain recommended 23 reform measures for BAE Systems, Europe's largest defense contractor, a report issued Tuesday said.Harry Kenneth Woolf, Lord Chief Justice of England and Wales from 2000 until 2005, recommended internal and external monitoring to raise the company's ethical standards, The Times of London reported.Woolf said company executives acknowledged that ...Read Full News Judges reject huge Parmalat trial concept Posted On: May 07 2008 Judges in Parma, Italy, ruled Tuesday that three trials involving Parmalat executives should not be incorporated into one trial.Defense lawyers for Parmalat founder Calisto Tanzi, his former Chief Financial Officer Fausto Tonna and 22 others argued that pulling two other trials into the main event were necessary to see the full picture, Ansa reported.The larger trial, involving the biggest corpora ...Read Full News Midday comeback holds in Tuesday markets Posted On: May 07 2008 A rally from a tail-dragging morning lifted U.S. stock indexes out of the red by the close Tuesday afternoon.The comeback pushed the Dow Jones from a loss of nearly 100 points to a gain of 51.29 points.Resilient investors kept the rally going in spite of inflation-pushing crude oil prices closing at a record $121.85 per barrel Tuesday.The Dow Jones industrial average closed at 13,020.83 points, up ...Read Full News Playworld System swing sets recalled Posted On: May 07 2008 The U.S. Consumer Product Safety Commission announced a voluntary recall Tuesday of Playground Swing Sets made by Playworld Systems Inc. of Lewisburg, Pa.No injuries have been reported but the clevis that holds the swing can wear down, causing the swing to detach, creating a falling hazard, a CPSC statement said.The swing sets were sold through authorized dealers from January 2007 through February ...Read Full News Oil prices breach $120 per barrel Posted On: May 06 2008 Crude oil prices settled at just less than the $120-per-barrel level Monday in New York after topping that mark in midday trading.Crude prices hit $120.36 a barrel in the early afternoon, then eased back slightly to $119.95 per barrel.Price pressures have come from supply jitters, as the dollar gained strength most of the previous week.A threatened port workers strike in France added to concerns.I ...Read Full News Excellence awards for bankers to be launched at CXO Summit Posted On: May 05 2008 ) ...Read Full News Max New York Life Insurance launches SMART AssureT Posted On: May 05 2008 ) ...Read Full News Pinjra.com makes real estate business searchable Posted On: May 05 2008 ) ...Read Full News 'Emotional inflation' is as risky as fiscal inflation Posted On: Apr 30 2008 As the market stock market soars, investors get carried away with excitement and wishful 'phantasies', suppressing negative emotions which would otherwise warn them of the high risk of what they are doing, says a new study.According to the study by University College London Economic, models fail to factor in the emotions and unconscious mental life that drive human behaviour in conditions where th ...Read Full News HCC bags Rs. 303 crore Teesta Hydro Electric Power Project order Posted On: Apr 30 2008 ) ...Read Full News IBM board approves 25 per cent increase in quarterly cash dividend Posted On: Apr 30 2008 ) ...Read Full News Patni's Q1 CY2008 revenues up 13.1 per cent at US 176.4 million dollars Posted On: Apr 30 2008 ) ...Read Full News American Airlines turnaround in jeopardy Posted On: Apr 29 2008 American Airlines' turnaround, propped up by union concessions in 2003, is running out of steam, industry observers said Monday.The airline's parent, AMR Corp., could have to declare bankruptcy sometime in 2009, the Fort Worth Star-Telegram reported.Union officials said the airline's second brush with financial insolvency will not likely be met with the same willingness to accept concessions as th ...Read Full News Boeing 737s could fade from Renton plant Posted On: Apr 29 2008 Boeing Co. lost bids for two large U.S. military contracts this past year, but captured most of the military contracts it sought, company officials noted.Victorious in nine of 11 major military contract bids in 2007, Chairman and Chief Executive Officer Jim McNerney said, our hit rate has been pretty high, the Seattle Post-Dispatch reported Monday. Boeing lost a contract bid last week to Northrop ...Read Full News Canadian Mint marks 100 years with profit Posted On: Apr 29 2008 The Royal Canadian Mint in Ottawa on Monday announced a record year in 2007 as it entered its second century of operation.Many of the profitable advances the Crown corporation cited in a release were far removed from keeping the country supplied with currency and showed a major hike in marketing efforts.Among them was a contract to provide collector coins such as the $20 sterling silver Crystal Sn ...Read Full News Check in the mail soon, government says Posted On: Apr 29 2008 The first $50 billion worth of U.S. economic stimulus checks should in mailboxes by the end of May, government officials said.The first 7.4 million checks are expected to be in the mail by May 9 and another 130 million checks should be in the mail by the end of the summer, CNNMoney.com reported Monday.Single tax filers with $75,000 and joint filers with under $150,000 in adjusted gross incomes wil ...Read Full News Ford workers in Canada scale back contract Posted On: Apr 29 2008 The Canadian Auto Workers scaled back its contract with the Ford Motor Co., Monday in an unprecedented concession in the face of a plant closure in Ontario.While the contract wasn't due to expire until September, the CAW agreed to freeze wages, reduce vacation pay, freeze co-payments for prescriptions and agreed new workers will start at 70 percent of regular base wages, the Globe and Mail reporte ...Read Full News Grains rally strong, but soybeans fade Posted On: Apr 29 2008 Grains opened high Monday with corn and wheat sustaining strong pushes upward, while soybeans fell off and closed near the day's low.Corn was up 22 3/4 to up 23 1/2; soybeans were off 31 1/2 to off 42 1/4; wheat was up 24 1/2 to up 25 1/2 ; oats were up 8 to up 9.Corn traded high on planting delays with the December contract reaching a record. Wheat rallied on speculation through the day, the July ...Read Full News
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