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Vienna | May 22, 2013 23:34 (IST)

Srei Infrastructure Finance Ltd is poised to buy the domestic banking unit of nationalised Austrian lender Hypo Alpe Adria for 65.5 million euros, according to an Austrian daily.

Mumbai | May 22, 2013 23:06 (IST)

Bangalore-headquartered private lender ING Vysya Bank said on Wednesday that it hopes to raise Rs 2,000 crore in fresh capital by the first half of next month through a mix of preferential share allotment to the promoters as well as a qualified institutional placement.

Hyderabad | May 22, 2013 22:58 (IST)

NCC Ltd (formerly Nagarjuna Constructions) said on Wednesday that its net profit for the quarter ended March 31 soared over two fold to Rs 12.3 crore.

Mumbai | May 22, 2013 22:57 (IST)

Standard Chartered Bank (Mauritius) on Wednesday offloaded 16.30 lakh shares of Fortis Healthcare through open market transactions worth nealry Rs 16 crore.

New Delhi | May 22, 2013 22:52 (IST)

HSBC has sold 20 lakh shares of realty firm Unitech through open market transactions for about Rs 6 crore, resulting in marginal reduction in its stake.

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

In good news for fliers of Air India Express, the low-cost arm of Air India, the airline management has decided to defer the proposal to charge for advance selection of seats.

New Delhi | May 22, 2013 21:50 (IST)

Indicating that the worst may be over for India's economy, Prime Minister Manmohan Singh said on Wednesday that the economic situation is turning around with inflation coming under control and the gross domestic product (GDP) growth likely to exceed 6 per cent in the current fiscal year.

May 22, 2013 20:35 (IST)

In real estate market, the component of black money and demand for black money is higher and this is why transparency in such transactions is lower. Therefore, it is very difficult to find a genuine dealer or party.

New Delhi | May 22, 2013 20:19 (IST)

Asserting that the government will last its full five-year term, Finance Minister P Chidambaram said on Wednesday that people should expect more reforms in the second half of 2014.

New York | May 22, 2013 19:59 (IST)

Wall Street extended gains on Wednesday immediately following prepared testimony from Federal Reserve chairman Ben Bernanke before a congressional panel.

Mumbai | May 22, 2013 19:26 (IST)

In a strong investor response, the initial public offer (IPO) of local search engine JustDial, the largest offer by an Indian internet company, was subscribed 11.63 times on the last day of issue on Wednesday.

New Delhi/Mumbai | May 22, 2013 18:36 (IST)

Larsen and Toubro Ltd, India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop.

New Delhi | May 22, 2013 17:52 (IST)

Phaneesh Murthy, the disgraced former chief executive of iGate Corp, may lose as much as $15.09 million (about Rs 84 crore) in severance benefits after being sacked by the US-based firm for professional misconduct.

Mumbai | May 22, 2013 17:43 (IST)

The rupee fell for a fourth successive session on Wednesday to mark its longest losing streak in over three months, hurt by dollar demand from oil refiners and a late fall in equities.

Written By: Ramarko Sengupta | New Delhi | May 22, 2013 17:15 (IST)

Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according to the world's largest miner, Coal India. There is however jargon surrounding the commodity and the industry at large.

May 22, 2013 17:03 (IST)

Larsen and Toubro shares dropped nearly 6 per cent on Wednesday after India's biggest engineering and construction firm posted lower than estimated profits for the March quarter. This was the biggest single day fall in L&T shares since January 2010.

New Delhi | May 22, 2013 16:55 (IST)

Essel Group company Zee Entertainment Enterprises (ZEEL) posted on Wednesday a 10.66 per cent increase in consolidated net profit at Rs 180.35 crore for the quarter ended March, 2013.

Mumbai | May 22, 2013 16:41 (IST)

Indian gold prices rose half a per cent on Wednesday to extend gains for another session but the physical market remained muted, awaiting fresh guidelines from the Reserve Bank of India (RBI) after restrictions were placed on consignment imports.

Beijing | May 22, 2013 15:52 (IST)

TATA group is the biggest Indian group present in China.

May 22, 2013 15:47 (IST)

The BSE Sensex fell for a third consecutive session on Wednesday, to mark its lowest close in almost two weeks after Larsen & Toubro slumped around 6 per cent after its order book guidance sparked worries about the health of the domestic economy.