Business News
Mar 30, 2014
GM recalls Chevrolet Cruzes, trucks and SUVs Subscriber Only
GM said if a fracture and separation does occur while driving, steering and braking control would be maintained.
Mar 30, 2014
PwC is sued for $1 billion over MF Global collapse Subscriber Only
The complaint said PwC knew that the investment would add significant risk to MF Global’s already weak finances.
Mar 30, 2014
Russia’s Lukoil begins output from Iraq oilfield Subscriber Only
The field is one of several that form the backbone of Iraq’s plans to revive its oil sector and lift the economy after decades of sanctions.
Mar 30, 2014
PSU bankers queue up for deputy governor job at RBI Subscriber Only
Though the interview has been conducted on Friday, the final decision will be taken only after a new government is in place.
Mar 30, 2014
Regime change no pointer to growth Subscriber Only
Irrespective of who is in power at the Centre, the trend has, by and large, been the same during all of the years since 1991.
Mar 29, 2014
On Thursday, the company had issued a statement saying the group does not have Rs 10,000 crore to pay for Roy’s bail.
Mar 29, 2014
Reserve Bank Governor moderates panel discussion at the opening of the University of Chicago’s Delhi centre.
Mar 29, 2014
Infosys disbands executive council, forms new team Subscriber Only
The firm, under Murthy is undergoing a 3-year revival growth strategy, which is focused on lowering its cost structure.
Mar 29, 2014
Holi dance: SpiceJet promises to take prior DGCA nod Subscriber Only
In another development, the DGCA has decided to relax licence renewal norms for pilots in the country.
Mar 29, 2014
Facebook to use satellites, drones to spread the Web worldwide Subscriber Only
Facebook envisions a fleet of solar-powered drones as well as low-earth orbit satellites delivering Internet access to different regions.
Mar 29, 2014
BlackBerry shares climb as loss narrows Subscriber Only
Research and development expenses fell 24 per cent in the fourth quarter from a year earlier, while selling, marketing and administration costs dropped 35 per cent.
Mar 29, 2014
Facebook to use satellites, drones to spread the Web Subscriber Only
The social networking giant is creating a laboratory to devise ways to beam connectivity to underdeveloped parts of the world.
Mar 29, 2014
Bharti Telecom buys Airtel shares for R172 cr Subscriber Only
Promoter group entity bought 17.50 lakh scrips for Rs 54.41 crore at NSE and 2 lakh shares for Rs 6.2 crore at BSE.
Mar 29, 2014
Private operators set to face random DGCA checks Subscriber Only
Last week the DGCA carried out surprise checks on aircraft owned by Reliance Commercial Dealers Ltd and JSPL and found violations.
Mar 29, 2014
In first half of FY15, govt to borrow Rs3.68 lakh cr Subscriber Only
The net borrowing for the first half of next fiscal is targetted at Rs 2,93,000 crore through a mix of dated securities, treasury bills and inflation indexed bonds and will also include switching of government
Mar 29, 2014
HC issues notice to Tamil Nadu govt on Nokia petition Subscriber Only
The state government had issued a Rs 2,400 crore notice to Nokia.
Mar 29, 2014
RIL to sell gas at current rate as govt defers price revision Subscriber Only
New contracts needed to be signed for KG-D6 as RIL’s current sales pacts expire at the end of the month.
Mar 29, 2014
The NSE Nifty also shot up by 54.15 points to record closing high of 6,695.90, after hitting a life-time high of 6,702.60 intra-day.
Mar 29, 2014
External debt at $426 bn in December Subscriber Only
The ministry said that the long-term debt was $333.3 billion at the end of December, showing an increase of 8.1 per cent over March.
ENS Economic BureauMar 29, 2014
The net borrowing for the first half of next fiscal is targeted at Rs 2,93,000 crore through a mix of dated securities, treasury bills.
Mar 29, 2014
Rupee hits 8-month high, ends above 60-mark/dollar Subscriber Only
Strong foreign buying of equities & debt boosted domestic currency.
Mar 28, 2014
Court dismisses Loop plea for settlement Subscriber Only
Special CBI Judge OP Saini turned down the plea of Loop Telecom.
ReutersMar 28, 2014
Citi was one of five banks whose payout plans were rejected by the US Fed on Wednesday.
Mar 28, 2014
SG advises Moily not to challenge EC gas decision Subscriber Only
Moily explained how the decision to revise the gas price according to a new formula from April 1 was first taken in June 2013 and then ratified in December.
Mar 28, 2014
Lupin buys Mexico’s eye treatment drugmaker Subscriber Only
The company said it has acquired 100 per cent equity stake in Laboratorios Grin.
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