Aug 1, 2014 06:12 PM
Weakness in global stock markets and a strong US currency pulled down the rupee by a whopping 63 paise to end at over four-month low of 61.18, logging its worst weekly loss since January 24.Importers and some banks bought dollars and short-sellers covered
Aug 1, 2014 05:59 PM
Vishal Sikka, the first non-founder and outsider to lead Infosys, on Friday said the country’s second largest software services firm will focus on intellectual property, products and platforms in an effort to revive the lost glory of the once IT bel
Aug 1, 2014 05:19 PM
Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) on Friday reported a 32.87 per cent growth in its total sales in July.Total sales in July stood at 3,81,411 units, against 2,87,048 units in the corresponding month last year.Motorcycle
Aug 1, 2014 05:08 PM
Honda Cars India Ltd. (HCIL) on Friday reported a 39.97 per cent increase in domestic sales at 15,709 units for last month.The company sold 11,223 units in July 2013, HCIL said in a statement.Last month, the company sold 74 units of small car Brio, 4,507 u
Aug 1, 2014 04:56 PM
Automaker major Mahindra & Mahindra on Friday reported a 4.12 per cent decline in total sales at 35,567 units in July.Mahindra & Mahindra (M&M) had sold 37,096 units in the same month last year, the company said in a statement.M&M’s d
Aug 1, 2014 04:41 PM
The Supreme Court on Friday allowed Sahara Group chief Subrata Roy to use the conference room in the Tihar Jail complex for 10 days from August 5, 2014 to hold negotiations with potential buyers to sell his three luxury hotels in New York and London to ra
Aug 1, 2014 04:39 PM
The benchmark Sensex on Friday plunged over 414 points, logging its biggest single-day drop in over 3 weeks, to end at 25,480.84 on across-the-board losses in bluechips amid a global sell-off. With dollar gaining strength against most global peers, the
Aug 1, 2014 03:33 PM
A press release from Toyota Kirloskar Motor said 13,847 units were sold in July 2014 compared to 14,470 units in July 2013. A total of 1,926 units of Etios series were exported last month. In the domestic market, the company sold 11,921 units in July,
Aug 1, 2014 03:05 PM
Gold prices inched up by Rs 5 to Rs 28,250 per ten gram in New Delhi on Friday on scattered buying by retailers amid recovery in global prices. Silver, however, met with resistance and shed Rs 50 to Rs 44,850 per kg. Traders said apart from buying by
Aug 1, 2014 02:58 PM
Senior IRS officer K V Chowdary has been appointed as the new Chairman of the Central Board of Direct Taxes (CBDT), the top policy making body of the Income Tax department. Mr. Chowdary, a 1978-batch officer, on Friday took charge of his office in North
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