Briefly Business: Unilever warns of slowdown in sales

New Delhi: Unilever has warned of slowdown in sales by up to 3.5 per cent in the July-September quarter due to growth tapering off in the emerging markets,including India.

Loop’s investor files arbitration

New Delhi: Loop Telecom’s investor Khaitan Holdings (Mauritius) Limited has filed international arbitration against the Indian government seeking damages of over $1 billion for 2G licences in which it had invested and were cancelled by Supreme Court on February 2,2012.

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Borah takes over as OIL finance director

New Delhi: Rupshikha Saikia Borah on Tuesday took over as director finance of Oil India Ltd. Borah is the first women functional director on the board of the company.

Nissan hikes prices of Sunny,Micra

New Delhi: Nissan on Tuesday hiked prices of Sunny and Micra by up to 2.9 per cent from immediate effect to partially offset the impact of rupee depreciation.

Mumbai 72nd on global financial centre list

Mumbai: Mumbai has slipped six places to 72nd rank in the Global Financial Centre Index published by Z/yen. The city was ranked 66th in the previous edition published in March.

Growth will exceed 5% in 2013-14: FinMin

New Delhi: Economic affairs secretary Arvind Mayaram on Tuesday said that the economy will grow by over 5 per cent this fiscal on back of high farm productivity and investments.