The Hindu Business Line : Saturday, February 02, 2008

Text of the letter that Microsoft sent to Yahoo!'s Board of Directors
I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share ... More

The tale of two cos in India
Chennai, Feb 1 Microsoft started off its India operations in 1990 and employs over 5,000 people across its six business units. Microsoft India Development Centre, born in 1998 in Hyderabad, contributes to product ... More

$7.7 b raised via FCCBs in 2007, despite curbs
New Delhi, Feb. 1 Curbs on overseas borrowings notwithstanding, Indian companies ended up raising $7.72 billion in the form of Foreign Currency Convertible Bonds (FCCBs) in 2007, more than 43 per cent higher than the previous ... More

‘No logic in opposing Reliance Retail’
Mumbai, Feb. 1 After facing a wave of opposition, Reliance Retail may finally be able to open its outlets in West Bengal.Mr Nirupam Sen, West Bengal Minister for Commerce and Industries, who met the Reliance Group Chairman, Mr Mukesh ... More

Steel prices hiked by up to Rs 2,500/t
New Delhi, Feb. 1 Major domestic steel producers have increased prices by up to Rs 2,500 per tonne across various products. This is the second time that steel manufacturers have revisited prices in as many months.In January, while the ... More

Reliance Power has 42 lakh shareholders
Refunds at over Rs 1 lakh crore More

Sub-prime: An American loan mela at global cost
More

Power capacity addition target looks distant
New Delhi, Feb 1 The Centre’s record capacity addition target for the Eleventh Plan is floundering right from the very first year of the Plan period. With less than 50 per cent achievement during the first nine months of 2007-08, ... More

Costlier manufactured items fuel inflation rate
Wholesale Price Index of all commodities at 217.1 More

ICICI Bank’s holding company plan suffers further setback
Deadline for private placement lapses More

Exports in Dec 2007 up 16%; trade deficit surges
December growth lower, reflects US slowdown More

Egg prices crash as Bengal bans poultry traffic
Industry seeks loan moratorium, sops More

Forbes Brands signs 30-year pact with London co Savile Row
Will manufacture and distribute the latter’s range of clothing here More

Wheat acreage deficit falls
New Delhi, Feb. 1 Wheat sowing for the current rabi season is virtually complete, with a total area of 275.67 lakh hectares (lh) being covered, as per the Agriculture Ministry’s Crop Weather Watch report released here on ... More

January proves a good start for car makers
Maruti sales grow 4.2%, Hyundai clocks a healthy 41.4% More