Business News

Hero Honda says high rates hurting demand Posted: 19 Aug 2008 03:15 AM CDT NEW DELHI (Reuters) - High interest rates and tight financing in India are hurting demand for motorcycles and the industry's growth would slow to single-digits in 2008/09, a senior official at Hero Honda Motors said on Tuesday.

CORRECTED - Adhunik Metaliks plans 3 bln-rupee IPO for mining unit Posted: 19 Aug 2008 03:10 AM CDT (Corrects subsidiary's name in second paragraph to Orissa Manganese & Minerals Ltd from Orissa Mines & Minerals Ltd)

Lupin enters into alliance with US firm Posted: 19 Aug 2008 03:06 AM CDT Mumbai, Aug 19 (IANS) Pharmaceutical major Lupin Laboratories has entered into a promotion and marketing agreement with US-based Forest Laboratories for its Aerochamber line of products, it announced Tuesday.

Delhi ready for mega tryst with art and its business Posted: 19 Aug 2008 03:05 AM CDT New Delhi, Aug 19 (IANS) The capital is gearing up to welcome what could perhaps be the country's most eventful art season. The first of three back-to-back mega art events in the capital starts Wednesday.

Opto Circuits in talks to acquire European firm Posted: 19 Aug 2008 03:00 AM CDT MUMBAI (Reuters) - Opto Circuits (India) Ltd is in talks to acquire a privately-held European company at a deal value estimated at more than $100 million, its managing director Vinod Ramnani told reporters on Tuesday.

Japan shares dive after big Wall Street losses Posted: 19 Aug 2008 02:59 AM CDT TOKYO (AP) _ Japanese shares plunged Tuesday after an overnight dive on Wall Street, as renewed concerns about the U.S. financial sector rattled investor sentiment.

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