Friday, September 26, 2008

Business News

Business News

Posted: 26 Sep 2008 02:30 AM CDT

Posted: 26 Sep 2008 02:27 AM CDT

Binani Cement to raise $90 mln to expand capacities

Posted: 26 Sep 2008 02:18 AM CDT

MUMBAI (Reuters) - Binani Cement Ltd plans to raise $90 million by next March to double its manufacturing capacities in China and Dubai by 2010, Managing Director Vinod Juneja told Reuters on Friday.

Nikkei hits 1-week closing low, bailout fears grow

Posted: 26 Sep 2008 02:09 AM CDT

By Elaine Lies TOKYO, (Reuters) - Japan's Nikkei stock average slipped 0.9 percent on Friday to its lowest close in eight days amid growing worry about the fate of a U.S. financial system bailout plan as talks stalled.

GLOBAL MARKETS - No US bailout yet sends dollar, shares down

Posted: 26 Sep 2008 01:52 AM CDT

By Kevin Plumberg

Lakshmi Machine Works sees FY09 sales slowing

Posted: 26 Sep 2008 01:50 AM CDT

MUMBAI (Reuters) - Lakshmi Machine Works Ltd, a textile machinery maker, expects sales and orders in 2008/09 to slow as it faces slackening demand from customers, a senior official said late on Thursday.

Aban Offshore gets order worth 1.78 bln rupees

Posted: 26 Sep 2008 01:45 AM CDT

MUMBAI (Reuters) - Oilfield and offshore services provider Aban Offshore Ltd has signed a contract with Husky Oil China for multiple well-drilling programmes for 180 days worth 1.78 billion rupees ($38.7 million).

Singapore August manufacturing falls 12 percent, AS

Posted: 26 Sep 2008 01:35 AM CDT

SINGAPORE (AP) _ Singapore manufacturing plummeted in August as a fall in global demand for the city-state's exports has pushed the country toward a recession.

Airport operators bet on non-fare biz to beat blues

Posted: 26 Sep 2008 01:29 AM CDT

By Janaki Krishnan & Kaustav Roy

BSE Sensex sheds 1.8 pct as U.S. bailout stalls

Posted: 26 Sep 2008 01:26 AM CDT

BANGALORE (Reuters) The BSE Sensex fell 1.8 percent on Friday to more than one-week lows, as the U.S. government's $700 billion bank bailout plan stalled amid signs of deepening financial sector turmoil.

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