Sensex up 154 points,closes at 16,859
Mumbai: The Sensex on Tuesday rallied by 153.97 points at 16,859.80 points after Prime Minister Manmohan Singh assured that the government would take tough decisions to reverse the rising fiscal deficit. The rupee,meanwhile,touched a two-week low of 56.13 but recovered to close at 55.96 against the dollar.
Vodafone cuts 3G rates by up to 80%
New Delhi: Vodafone has slashed 3G tariffs up to 80 per cent,following Bharti Airtel,Idea and Reliance Communications.
OVL in talks to sell stake in Cuban blocks to Eni
New Delhi: ONGC Videsh Ltd is looking at selling 50 per cent stake in its Cuban offshore blocks to firms like Eni and Total.
ICICI Pru AMC launches US bluechip equity fund
New Delhi: ICICI Prudential AMC has launched its first equity fund which will directly invest in bluechip companies in the US.
FDI in India declines 41% to $1.85 billion in April
New Delhi: Foreign direct investment (FDI) in India has declined by 41 per cent to $1.85 billion in April.
Honda launches mass segment bike Dream Yuga
Mumbai: Honda on Tuesday rolled out its second mass segment 110-cc motorcycle Dream Yuga priced at Rs 48,028 (ex-showroom,Mumbai).
Partha Bhattacharya resigns as HPL MD
Kolkata: Haldia Petrochemicals Limited managing director Partha Bhattacharya today resigned citing personal reasons.
RBI extends 2% interest subsidy for exporters
Mumbai: The RBI has extended the 2 per cent interest subsidy scheme by another year on rupee export credit to the labour-oriented and small scale sectors.