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Mumbai | May 24, 2013 23:15 (IST)

The Direct Taxes Code (DTC) Bill, which aims to overhaul the over 50-year-old I-T Act, is almost ready and will be taken up in the monsoon session of Parliament, Finance Minister P Chidambaram said on Friday.

Singapore | May 24, 2013 22:13 (IST)

Amid the rupee nearly touching a 9-month low against the US dollar, the Reserve Bank of India (RBI) said on Friday that it will continue to take steps to check excessive volatility in the currency market.

Mumbai | May 24, 2013 22:03 (IST)

Avantha Group company Crompton Greaves (CG) reported on Friday a dip of about 75 per cent in its consolidated net profit at Rs 25.27 crore for the fourth quarter ended March 31.

New Delhi | May 24, 2013 22:03 (IST)

The Cellular Operators Association of India (COAI) has approached the Department of Telecommunications (DoT) asking it to withdraw spectrum allocated to Tata Teleservices Ltd (TTSL) in 8 service areas and put them up for auction.

Mumbai | May 24, 2013 21:33 (IST)

India Inc should stop looking abroad and focus on tapping huge investment opportunities within the country, especially in the infrastructure sector, which offers long-term benefits, Finance Minister P Chidambaram said on Friday.

Monaco | May 24, 2013 20:50 (IST)

Asia's largest budget carrier, AirAsia, may order an additional 50 Airbus A320 jets on top of its existing record order for 475 of the Airbus model, chief executive Tony Fernandes said on Friday.

Mumbai | May 24, 2013 20:50 (IST)

Low-cost airline SpiceJet said on Friday that its net loss has narrowed to Rs 186 crore for the fourth quarter that ended on March 31, 2013, on the back of higher passenger traffic and fare hikes.

Mumbai | May 24, 2013 20:29 (IST)

Indias largest lender State Bank of India (SBI) has that it has signed an agreement with Spain-based bank Banco Bilbao Vizcaya Argentaria, SA (BBVA), to support business operations of clients of both the banks.

London | May 24, 2013 20:21 (IST)

HSBC chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance.

New Delhi | May 24, 2013 19:49 (IST)

AstraZeneca Pharma India said on Friday that its promoter AstraZeneca Pharmaceuticals AB Sweden plans to offload around 37 lakh shares through offer for sale route on May 28 to meet the Securities and Exchange Board of India (Sebi) norms on minimum public shareholding.

New Delhi | May 24, 2013 19:34 (IST)

Reliance Industries (RIL) announced on Friday a huge natural gas discovery in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.

New York | May 24, 2013 19:22 (IST)

Wall Street fell for a third day on Friday, putting indexes on track for their first negative week since the middle of April, on lingering concern the Federal Reserve may scale back its stimulus measures to support the economy.

Mumbai | May 24, 2013 18:53 (IST)

Celebrating its 25th year, the Securities and Exchange Board of India (Sebi) on Friday sought greater powers to take on market manipulators and those raising money from public illegally, while the government promised full support and asked it to be a 'fearless' regulator working for the benefit of small investors.

Mumbai | May 24, 2013 18:41 (IST)

The founder of real estate company Puravankara Projects Ltd got bids worth Rs 170 crore by selling shares to meet the Securities and Exchange Board of India (Sebi) requirement of having at least 25 per cent public shareholding.

New Delhi | May 24, 2013 18:39 (IST)

Moily thrashed CPI MP Gurudas Dasgupta's allegations of favouring RIL as "totally false and baseless" and said the proposed increase in natural gas price was being done "strictly in line with the formula proposed by Prime Minister appointed panel headed by his economic adviser C Rangarajan."

Panjim, Goa | May 24, 2013 18:20 (IST)

Japanese two wheeler giant Yamaha today said it expects the Indian market to become one of its top five markets by 2016 as it plans to roll out "many products" in the volume-driven mass segment here.

Mumbai | May 24, 2013 18:17 (IST)

Intensifying the price war in the fast-growing smartphone category in India, South Korean mobile handset maker Samsung Electronics launched its cheapest Galaxy series phone 'Star' on Friday priced at Rs 5,240.

Mumbai | May 24, 2013 18:03 (IST)

The rupee weakened on Friday, falling 1.3 per cent for the week, extending its losing streak to a third successive week, hurt by concerns about a possible pullback in global fund flows and the country's external deficit.

New Delhi | May 24, 2013 17:54 (IST)

Jet Airways, which recently agreed to sell a 24 per cent stake to Gulf carrier Etihad, reported a wider quarterly loss, hurt by higher costs.

New Delhi | May 24, 2013 17:03 (IST)

Of the Rs 6,000 crore received in 2012-13, the airline spent Rs 1,803 crore on pending staff salaries, paid off Rs 1,253 crore as jet fuel dues to oil marketing companies and Rs 1,100 crore as loan and interest payments for aircraft acquired, official data showed.