Mumbai | May 18, 2013 15:39 (IST)
Tata Motors Ltd said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million of senior notes due 2018.
Kolkata | May 18, 2013 15:04 (IST)
State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.
Kolkata | May 18, 2013 14:11 (IST)
ONGC said it is keen on foraying into unconventional gas sources like shale gas and would bid for blocks once the government put in place a national policy.
Brussels | May 18, 2013 14:01 (IST)
Tata Steel, the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Kohler said.
New York | May 18, 2013 13:11 (IST)
Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price.
New York | May 18, 2013 12:20 (IST)
Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the internet company's website and mobile applications.
New York | May 18, 2013 11:39 (IST)
With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
New York | May 18, 2013 11:22 (IST)
Wall Street continued its climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
New York | May 18, 2013 00:12 (IST)
Encouraging news about the US economy extended Wall Street's rally on Friday. US stock indices rose for the fourth week in a row to end at record levels.
New Delhi | May 17, 2013 22:55 (IST)
Foreign investors expect the rupee to trade below the 55 level against the US dollar in the next six months even as India's large current account deficit is seen as a major risk.
New Delhi | May 17, 2013 22:00 (IST)
Tata Teleservices (Maharashtra) Ltd (TTML) said on Friday that its promoter Tata Sons has cancelled the offer to divest 2.72 per cent stake in the company that was aimed at meeting the minimum public shareholding norms.
New Delhi | May 17, 2013 21:57 (IST)
Expressing surprise over S&P's threat to downgrade India's credit rating, industry bodies on Friday termed the global agency's affirming its negative outlook on the country as unfortunate and harsh.
Mumbai | May 17, 2013 21:31 (IST)
Boeing said on Friday that it will ready the remaining four grounded Dreamliners of Air India within this month and also deliver the seventh 787 to the national carrier by end of the month.
New Delhi | May 17, 2013 21:10 (IST)
Czech car maker Skoda is considering stopping production of hatchback Fabia in India as it gears up to introduce new models here.
New Delhi | May 17, 2013 20:40 (IST)
Expressing disappointment over S&P's rating action, the government said on Friday that its fiscal policies are on the right track and there is nothing to be worried about.
Mumbai | May 17, 2013 20:11 (IST)
National carrier Air India (AI) has sought compensation from Boeing for Dreamliners not meeting the 20 per cent fuel efficiency claims as the airline could achieve only a tad over 17 per cent fuel economy by its six 787s, an AI source said on Friday.
New Delhi | May 17, 2013 19:18 (IST)
Hero Cycles said on Friday that it will set up two new plants by 2014 entailing an investment of up to Rs 200 crore and is also close to picking up stake in two firms in Europe as part of its international expansion.
Mumbai | May 17, 2013 17:43 (IST)
The rupee weakened on Friday on the back of a broad rally in the dollar versus major currencies, but gains in domestic shares limited a sharp sell-off.
May 17, 2013 17:32 (IST)
Global ratings agency Standard & Poor's has affirmed its BBB minus with a negative outlook rating on India, the lowest investment grade among the BRIC group of large emerging economies. India has one in three chance of a rating downgrade in next 12 months, S&P added.
New Delhi | May 17, 2013 17:17 (IST)
IT solutions provider NIIT Technologies on Friday reported a 22 per cent increase in its net profit at Rs 56.6 crore for the quarter ended March 31, 2012, backed by all-round growth especially in the travel vertical.