Business News

Gold up 2 pct on dollar, eyes global rescue plan Posted: 13 Oct 2008 01:51 AM CDT By Lewa Pardomuan

Oil climbs $3 after dive, Europe moves raise hope Posted: 13 Oct 2008 01:46 AM CDT By Fayen Wong

Bharti sees Sri Lanka roll out by Dec - CEO Posted: 13 Oct 2008 01:41 AM CDT NEW DELHI (Reuters) - Bharti Airtel Ltd, India's top telecoms firm, expects to roll out services in neighbouring Sri Lanka soon after inter-connection issues with local telecom firms were sorted out, a top official said on Monday.

Ipca Labs Heritage Pharma tie-up for US drug sale Posted: 13 Oct 2008 01:39 AM CDT MUMBAI (Reuters) - Drug maker Ipca Laboratories Ltd said on Monday it has entered into a strategic alliance with U.S.-based Heritage Pharmaceuticals Inc for sale of propranolol HCL tablets there.

BSE Sensex extends gains to 6 pct on day Posted: 13 Oct 2008 01:34 AM CDT BANGALORE (Reuters) The BSE Sensex extended its gains to more than 6 percent on Monday after the finance minister said the government was working on more measures to improve liquidity, with gains in Asia helping sentiment.

No case for cut in India lending rate now - PM adviser Posted: 13 Oct 2008 01:33 AM CDT NEW DELHI (Reuters) - There is no case for cutting the Reserve Bank of India (RBI) main lending rate now but cuts in banks' cash reserve and bond reserve requirements could be used to ease a cash crunch in its money markets.

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