Industries

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 20:29 (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.

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 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.

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 15:12 (IST)

UBHL is the holding company for a group of companies controlled by Vijay Mallya, including Kingfisher Airlines Ltd, and the sale of shares would help Dr Mallya finalise the transfer of a controlling stake in United Spirits to Diageo.

New Delhi | May 24, 2013 13:44 (IST)

The company's step down subsidiary, will receive 2.347 Australian dollars per Dental Corporation share aggregating to 270.38 million Australian dollars, it added.

New Delhi | May 24, 2013 12:08 (IST)

Jet Airways shareholders today approved the 24 per cent stake sale to Etihad Airways for Rs. 2060 crore. However, these shares would be allotted after completion of all regulatory approvals.

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.

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)

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.

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.

May 23, 2013 16:48 (IST)

The bank's total restructured book now stands at Rs 43,100, Soundara Kumar, deputy managing director, told Reuters by telephone from Kolkata.

Kolkata | May 23, 2013 16:47 (IST)

State Bank Of India chairman Pratip Chaudhuri said on Thursday that the bank continues to face challenges in the mid and small-sized companies segment.

Mumbai | May 23, 2013 16:30 (IST)

Indian gold futures jumped more than 1 per cent on Thursday aided by a weaker rupee and firm global trends, while premiums on physical gold eased due to some supply from bullion importing agencies.

New Delhi | May 23, 2013 15:02 (IST)

This is a landmark transaction for Vedanta, and it believes this represents one of the largest corporate high yield bond issuances out of Asia ex-Japan, the natural resources giant said adding that it is the fourth successful bond transaction.

New Delhi | May 23, 2013 13:29 (IST)

Separate clarifications have been sought on the deal, which involves a 24 per cent stake purchase in Jet by Etihad and is the first investment by a foreign carrier in an Indian airline, by capital markets regulator Sebi (Securities and Exchange Board of India) and fair trade watchdog CCI (Competition Commission of India).

May 23, 2013 12:45 (IST)

The California-based law firm, Aiman-Smith & Marcy, said that iGate's head of investor relations Araceli Roiz was pregnant with Murthy's child.

May 23, 2013 12:26 (IST)

The recall by the largest US automaker affects certain 2013 Cadillac SRX models equipped with 18-inch wheels.