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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)

US stocks fell at the open on Friday, putting Wall Street on track for its first weekly decline since the middle of April, amid concern the Federal Reserve may scale back its support to the economy.

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

Concerned over erosion of confidence among small investors, Finance Minister P Chidambaram asked market regulator Securities and Exchange Board of India (Sebi) on Friday to regulate the market fearlessly to protect their interests, and not to "bow" or "bend" before anyone.

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.

May 24, 2013 16:59 (IST)

India Cements shares have plunged nearly 20 per cent over the last six sessions amid the Indian Premier League (IPL) betting controversy. India Cements, the largest producer of cement in South India, had acquired the Chennai Super Kings franchise of the IPL for $91 million in 2008.

New Delhi | May 24, 2013 16:49 (IST)

McNally Bharat Engineering said on Friday that it has received a construction order worth Rs 277 crore.

May 24, 2013 16:18 (IST)

Banks call you "first time travellers" and open the NRI accounts based on the declaration that you are going to be away from Indian shores for the stipulated period.

Mumbai, India | May 24, 2013 15:48 (IST)

The BSE Sensex snapped its four-day losing streak to edge higher on Friday, rebounding as Tata Steel surged after its March-quarter operating profit beat analyst estimates and as recently beaten-down blue-chips such as Larsen & Toubro recovered.

May 24, 2013 15:36 (IST)

Bernanke's remarks about the possibility of scaling back of stimulus with improvement in economic conditions sent the global stock markets including that of India into tizzy. BSE sensex tumbled by 390 points to 19674.33 at the close of yesterday's trade.