May 23, 2013 20:14 (IST)
Ranbaxy Laboratories termed Japanese company Daiichi Sankyos allegations that former shareholders of the Indian company hid information regarding US regulatory probes as -false and baseless- in a statement released late on Thursday.
Mumbai | May 23, 2013 19:31 (IST)
Direct-to-home company Dish TV posted on Thursday a lower standalone loss of Rs 43.62 crore for its fourth quarter that ended on March 31, 2013 against a loss of Rs 49.02 crore for the same period last year.
New Delhi | May 23, 2013 18:57 (IST)
Commerce and Industry Minister Anand Sharma said on Thursday that the government will issue certain clarifications in foreign direct investment policy which will come into effect prospectively.
Mumbai | May 23, 2013 18:42 (IST)
A Falcon 900 business jet belonging to Mukesh Ambani-led Reliance Industries Ltd (RIL) made an emergency landing with three passengers on board at the city airport due to an engine failure, airport authorities said on Thursday.
New Delhi | May 23, 2013 18:18 (IST)
Tata Steel Ltd, India's largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region.
Mumbai | May 23, 2013 18:09 (IST)
Hit by a decline in sales, higher depreciation and interest outgo, JSW Steel reported on Thursday a sharp 61.56 per cent decline in consolidated net profit to Rs 295.91 crore for the fourth quarter ended March, 2013.
New Delhi | May 23, 2013 18:00 (IST)
A court will resume its hearing on Monday into complaints of emissions from India's biggest copper smelter plant, shut since the end of March, but will take a decision before May 31, a judge said on Thursday.
Mumbai | May 23, 2013 17:28 (IST)
Reserve Bank of India governor Duvvuri Subbarao went against the suggestion of a majority of external members of the apex bank's monetary policy committee that recommended no change in repo rate at the annual monetary policy statement for 2013-14 on May 3.
New Delhi | May 23, 2013 16:50 (IST)
Ssangyong Motor Co, part of the Mahindra Group, said on Thursday that it has received 80 billion Korean won (about Rs 400 crore) from its majority shareholder Mahindra & Mahindra Group in lieu of the new shares offered to the Indian firm.
May 23, 2013 16:48 (IST)
The bank's total restructured book now stands at Rs 43,100, Soundara Kumar, deputy managing director, told Reuters by telephone from Kolkata.
New Delhi | May 23, 2013 16:48 (IST)
India's current account deficit is expected to show some improvement in the January-March period at 4-4.5 per cent of its gross domestic product (GDP), but is likely to worsen again in the current quarter due to sluggish exports, high gold demand and seasonal rise in imports, Nomura has said.
Kolkata | May 23, 2013 16:47 (IST)
State Bank Of India chairman Pratip Chaudhuri said on Thursday that the bank continues to face challenges in the mid and small-sized companies segment.
Mumbai | May 23, 2013 16:30 (IST)
Indian gold futures jumped more than 1 per cent on Thursday aided by a weaker rupee and firm global trends, while premiums on physical gold eased due to some supply from bullion importing agencies.
May 23, 2013 15:54 (IST)
Finance Minister P. Chidambaram said fears the Federal Reserve would start reversing its U.S. monetary stimulus programme were unfounded but his remarks failed to prevent steep falls in domestic markets on Thursday.
New Delhi | May 23, 2013 15:02 (IST)
This is a landmark transaction for Vedanta, and it believes this represents one of the largest corporate high yield bond issuances out of Asia ex-Japan, the natural resources giant said adding that it is the fourth successful bond transaction.
May 23, 2013 14:40 (IST)
Wockhardt shares crashed 20 per cent on Thursday after the U.S. Food and Drug Administration issued an Import Alert for the drug maker's Aurangabad unit. Wockhardt has three plants in Aurangabad.
May 23, 2013 14:10 (IST)
The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year.
Mumbai | May 23, 2013 13:51 (IST)
The decision, taken on Wednesday, has not yet been formally intimated by the Finance Ministry, but the current tranche will enable the companies to report quarterly profits at their earnings next week, officials at the three companies, who declined to be named, said.
May 23, 2013 13:50 (IST)
The BSE Sensex plunged 375 points in afternoon trading on Thursday after State Bank of India reported disappointing results for the March quarter.
New Delhi | May 23, 2013 13:29 (IST)
Separate clarifications have been sought on the deal, which involves a 24 per cent stake purchase in Jet by Etihad and is the first investment by a foreign carrier in an Indian airline, by capital markets regulator Sebi (Securities and Exchange Board of India) and fair trade watchdog CCI (Competition Commission of India).