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Sydney, Australia | May 24, 2013 08:12 (IST)

Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard.

Mumbai | May 23, 2013 23:06 (IST)

Drug maker Wockhardt Ltd said up to $100 million in annualised revenue could be lost as a result of a US Food and Drug Administration "import alert" on one of its plants, but said it should be able to restore most of that within 6 to 9 months by shifting production elsewhere.

New Delhi | May 23, 2013 22:56 (IST)

State-owned power equipment major Bhel reported on Thursday a 4.2 per cent drop in net profit at Rs 3,327.54 crore for the quarter ended March 31.

Hyderabad | May 23, 2013 22:56 (IST)

Glenmark Generics, a subsidiary of Glenmark Pharmaceuticals, is recalling multiple lots of three of its drugs from the US market due to "odd smell", according to US Food and Drug Administration.

May 23, 2013 22:55 (IST)

Jet Airways chairman Naresh Goyal on Thursday picked up an over 29 per cent stake in the private carrier from another promoter entity for about Rs 1,434 crore.

New Delhi | May 23, 2013 22:55 (IST)

Industrial steam turbine maker Triveni Turbines posted on Thursday a 23 per cent jump in standalone net profit at Rs 30.59 crore in the quarter ended March 31, 2013 on strong overseas sales.

New Delhi | May 23, 2013 22:29 (IST)

The Union Cabinet will consider the impact of proposed hike in natural gas prices on power tariff and fertiliser subsidy before taking a decision on increasing the rates, Finance Minister P Chidambaram said on Thursday.

New Delhi | May 23, 2013 22:29 (IST)

IT training firm NIIT Ltd reported on Thursday a steep 91 per cent decline in standalone net profit at Rs 3.83 crore for the quarter ended March 31, 2013, hit by drop in enrolments due to a weak market sentiment.

New Delhi | May 23, 2013 22:29 (IST)

Hindustan Copper reported on Thursday a 37 per cent rise in its net profit at Rs 188 crore for the quarter ended March 31, despite a decline in its total income.

New Delhi | May 23, 2013 22:29 (IST)

Seeking to promote brand India, the government on Thursday allowed tax-free sale of Indian manufactured goods at Duty Free Shops located at international airports for passengers.

New Delhi | May 23, 2013 21:45 (IST)

Former promoters of Ranbaxy on Thursday rebutted the current Japanese owner's allegations of hiding information on US probe into drug adulteration, saying they did not misrepresent any facts or falsify any data.

New York | May 23, 2013 21:02 (IST)

Wall Street fell in early trade on Thursday, extending a sell-off that began the day before, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program.

May 23, 2013 20:14 (IST)

Ranbaxy Laboratories founders termed Japanese company Daiichi Sankyo's 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.

Mumbai | 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.