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Arms help SBI enter new areas sans govt funds

Wednesday 12 August '09

State Bank of India has fleshed out a robust expansion plan that neatly complies with government rules on keeping its shareholding structure...
July CV sales up 9.6% after 11-month fall as cars, two-wheelers race ahead

Tuesday 11 August '09

In line with the last six month’s trend, car and two-wheeler sales showed robust growth for the month of July compared with the same month last year.
Pitroda to head govt e-initiatives authority

Tuesday 11 August '09

After constituting the Unique Identification Database Authority of India with former Infosys co-chairman Nandan Nilekani at the helm...
Govt introduces cash management bills

Tuesday 11 August '09

In a year of tight cash flows, the government has added another short-term bill to its arsenal to meet immediate need for funds.
Rs 2,500 crore subsidy for textile units

Friday 7 August '09

With India’s export-oriented textiles industry among the worst hit by the global economic downturn, the government has thrown it a lifeline...
Infy, Wipro hunt for buys in new geographies

Thursday 6 August '09

In the time of a downturn, cash-rich IT major Infosys Technologies is scouting for acquisitions in new geographies, and is willing
July truck sales see first rise after 4 quarters of double-digit declines

Thursday 6 August '09

Truck sales, one of the most reliable leading indicators of economic activity, have moved back into positive territory after four consecutive quarters of double-digit declines.
Auto companies continue their uphill drive in July

Sunday 2 August '09

Auto companies are on a slow but sustainable recovery path if the latest sales numbers are anything to go by. While the country’s largest car maker...
Wockhardt sells biz to Abbott Labs for $130 mn

Wednesday 29 July '09

Mumbai-based drug major Wockhardt Ltd, battling a debt pile of over Rs 3,700 crore, has sold its nutritional businesses and a few facilities to Abbott Laboratories...
Sanofi-Aventis buys Shantha Biotechnics

Tuesday 28 July '09

French drug maker Sanofi-Aventis will pick up a controlling stake in unlisted Hyderabad-based vaccine maker Shantha Biotechnics, making it the first big-ticket deal in the Indian biotech sector.
Core sector shoots up 6.5 per cent in June

Friday 24 July '09

Riding double-digit growth in cement and coal output, the index of six core infrastructure industries expanded 6.5 per cent in June, the most in 16 months.
ONGC profit falls for fourth quarter in a row

Friday 24 July '09

India’s exploration and production major Oil & Natural Gas Corporation's (ONGC) net profit was down by 26.94 per cent at Rs 4,847.9 crore for the quarter...
Maruti Suzuki net surges 25 pc

Friday 24 July '09

Driving on higher sales, led by newer models and lower commodity prices, Maruti Suzuki India on Thursday posted 25.3 per cent increase in its net profit...
Bharti Airtel profit up 24 pc

Friday 24 July '09

On the back of the highest number of subscriber addition during the quarter ended June 30, 2009, the country’s largest telecom operator, Bharti Airtel
Tobacco, paper units lift ITC’s net by 17 per cent

Friday 24 July '09

FMCG major ITC on Thursday posted a 17.4% growth in profit after tax for the first quarter of 2009-10 at Rs 878.70 crore, compared to Rs 748.67 crore...
Tata hands over Nano to first three customers

Saturday 18 July '09

The real test of the Tata Nano has begun, with the company delivering the first three cars to the much awaited customers in Mumbai....
DLF Q4 net falls 93 pc

Friday 1 May '09

India’s largest real estate company, DLF Ltd, on Thursday posted a staggering 92.69 per cent fall in net profit at Rs 159.05 crore....
Govt leans on lenders to shore up auto sales

Wednesday 17 December '08

After slashing interest rates for small-home buyers and SMEs, the government has shifted its focus to prospective two-wheeler and passenger car owners.
India Inc profit margins nearly halve in April-September

Monday 3 November '08

A slowdown in India Inc’s earnings growth is now visible. An analysis of second quarter results of 1,348 large companies shows a disturbing trend.
Govt relaxes ECB regulations

Tuesday 23 September '08

In a significant relaxation of external commercial borrowings rules, the government on Monday...
Lehman may put its India holdings on the block

Tuesday 16 September '08

In the last two years, Lehman Brothers has invested around Rs 1,200 crore in stocks of various Indian...
International workers in India will have to contribute PF

Monday 8 September '08

Countries reluctant to negotiate bilateral social security pacts with India for workers’ pension to be put under pressure.
Energy guzzlers see gains in cleantech

Monday 1 September '08

The bigger the climate change risk, the bigger the business opportunity. This is the inference from the initial trends...
Lower profit estimates prompt firms to pay less tax

Wednesday 20 August '08

In what presents a dim view of corporate profitability in the current financial year, collections paid by India...
Scrap subsidy on piped gas, Plan panel tells Deora

Tuesday 19 August '08

If the Planning Commission and the petroleum regulator have their way, the supply of subsidised LPG cylinders to users of piped natural gas...
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