News

The new Xylo offers a range of upgrades, from the outside to the interiors without upping its price point.

Bharti Airtel, the biggest Indian mobile operator, saw shares tumble 7% on the announcement of Q3 results

The rupee today ended marginally higher by 5 paise at 49.15/16 against the American currency on account of mild dollar selling by banks and exporters on the back of persistent capital inflows.

ONGC's subsidy burden jumped to Rs 12,536 crore from Rs 7,170 crore a year ago.

Gross direct tax collection for 10 months to January 2012 rose 14.57 per cent to Rs 4,25,274 crore against Rs 3,71,188 crore in the corresponding period last year. This is still away from targets set in budget 2011-12. The government is way off from the revised target of Rs 5,85,000 crore. While gross collection of corporate taxes was up 11.87 per cent, gross collection of personal income tax was up by 20.43 per cent.

Other leading banks had abolished pre-payment penalties last year

Reliance Infra (7%) was the top gainer on the Nifty index. IT stocks closed higher.

Declining growth rate will moderate inflationary pressure and prompt the RBI to lower interest rate, says Fitch

Norway's Telenor said that a court decision in India to cancel all operating licenses of its Uninor subsidiary led to a 1.9 billion kroner ($330 million) fourth-quarter loss.

The Supreme Court upheld decisions by lower courts to file an FIR in the case, in which a liquor businessman has alleged that the bank and its top executives conspired to cheat him on the pretext of settling debts

Planning Commission Deputy Chairman Montek Singh Ahluwalia has criticised the current gas pricing methodology

Shares of Manappuram Finance today surged by over 9%, bouncing back smartly after a 20% plunge yesterday

The RBI said open market operations (OMOs) and cut in cash reserve ratio have not got liquidity deficit down

US stocks inched higher early Wednesday as traders wait for a bailout deal for Greece.

Tulip Telecom today reported 5.3 per cent decline in consolidated net profit at Rs 77.25 crore for third quarter

GMR Infrastructure today posted net loss of Rs 107.96 crore for the third quarter on the back of losses incurred by its Delhi Airport project.

Europe's second biggest travel firm, which came close to collapse last November when dire trading forced it to request a vital credit line from banks, added that it was seeking to sell its Indian operations.

The ministry had earlier proposed to dissolve the SUUTI and set up a new entity to buy government equity in public sector undertakings from funds raised by pledging the existing assets of the Specified Undertaking of UTI (SUUTI).

Sebi is looking to crack down on operators of CIS schemes, many of which are no more than Ponzi schemes