Top Business News

Sensex snaps 4-week losing streak, up 65 points

Sat, 26 May 2012 09:56:46 GMT

The BSE benchmark Sensex snapped its 4-week losing streak by recovering 65 points amid fresh buying in Capital Goods, Banking and Refinery counters during the week.

For babus, fuel frozen at Rs 24 a litre

Fri, 25 May 2012 19:33:45 GMT

This certainly won’t help swallow the bitter petrol-hike pill.

Petrol price hike: Govt says no rollback, Cong wants revision

Fri, 25 May 2012 15:29:18 GMT

Cornered by Opposition and allies over the issue of petrol price hike, the Congress today pressed the government for a decision to ease the burden on people even as petroleum minister Jaipal Reddy ruled out any immediate rollback.

Home loan: prepayment helps

Fri, 25 May 2012 15:29:07 GMT

Even if your lender lets you make such payments only two or three times a year, it will make a difference in the total interest paid and the tenure of your home loan. Bindisha Sarang reports.

Warburg to pick up stake in Future Cap?

Fri, 25 May 2012 15:25:19 GMT

Kishore Biyani-led Pantaloon Group is close to making yet another announcement regarding stake sale to rationalise its debt. The company this time is looking at selling stake in its non-banking financial company Future Capital Holdings (FCH), sources said. HT reports.

Citibank to hire more than 2,000 people in India

Fri, 25 May 2012 15:20:57 GMT

Amid economic slowdown, which has pushed companies either to freeze recruitment or downsize, global banking major Citibank has decided to hire more than 2,000 people across all segments in 2012. A large number of them would be fressh graduates. Mahua Venkatesh reports.

Suzuki goes commuter with Hayate

Fri, 25 May 2012 15:17:54 GMT

In the season of entry level motorcycle launches, Japanese two-wheeler maker Suzuki Motorcycle on Friday launched its first commuter segment motorcycle Hayate at a price tag of Rs 38,212 (ex showroom Delhi). HT reports.

Jet to lead overseas charge as Kingfisher, AI falter: CAPA

Fri, 25 May 2012 15:09:36 GMT

Naresh Goyal-owned Jet Airways will lead Indian airline companies in long-haul international expansion this year, aviation consultancy firm Centre for Asia Pacific Aviation (CAPA) has said in its India International Outlook report for 2012-13. HT reports.

Refarming okayed, reserve price to be decided today

Fri, 25 May 2012 15:02:44 GMT

The Telecom Commission, the highest decision making body in telecommunications, will meet on Saturday to firm up its views on the regulator’s recommendations on auctioning of spectrum. HT reports.

Curtains for a technology pioneer as Patni bids adieu

Fri, 25 May 2012 14:50:53 GMT

The company was breeding ground for the founders of Infosys. Next week, its name will vanish. Vivek Sinha reports.

Rs review: RBI guv meets PM

Fri, 25 May 2012 14:02:16 GMT

Following the historical decline of the rupee, Reserve Bank of India (RBI) governor D Subbarao met Prime Minister Manmohan Singh on Friday to discuss the issue. HT reports.

Minister hints at petrol price cut; diesel, LPG safe for now

Fri, 25 May 2012 12:44:04 GMT

Expect a Rs 2-2.50-per-litre cut in petrol prices over the “next few days” as the government works out a plan to soften the blow of the Rs 7.54-a-litre hike. The cut could get bigger, if the government manages to convince the states to reduce taxes on petrol as well as diesel. Anupama Airy reports. For babus, fuel frozen at Rs 24 a litre

Essar, Loop Promoters get bail, charges framed in 2G

Fri, 25 May 2012 10:44:49 GMT

Promoters of Essar Group and Loop Telecom were today granted bail by a Delhi court in connection with a case arising out of the 2G spectrum allocation scam.

End strike or we’ll hire new pilots: Ajit Singh

Fri, 25 May 2012 09:56:16 GMT

Mounting losses due to agitation may make disbursement of wage arrears by June deadline difficult.

Reddy meets PM, sayspetrol price hike not discussed

Fri, 25 May 2012 09:08:04 GMT

Oil minister Jaipal Reddy today said that he didn't discuss fuel hike during his meeting with Prime Minister Manmohan Singh and is not going to meet Sonia Gandhi on the issue, according to reports.

What would Greek exit mean for the US economy?

Fri, 25 May 2012 08:15:22 GMT

Uncertainty over the fate of the euro currency is already dampening US economic growth and any significant worsening of the crisis would deal a blow to a recovery that is gradually gathering steam.

Rupee down 27 paise against dollar in morning trade

Fri, 25 May 2012 04:39:14 GMT

The rupee depreciated by 27 paise to Rs. 55.92 against the American currency in early trade today on stronger dollar against euro and Asian currencies.

Sensex closes flat in choppy trade

Fri, 25 May 2012 04:27:13 GMT

In choppy trade, the BSE benchmark Sensex today closed almost flat at 16,217.82 due to profit-booking in FMCG, oil and banking stocks after recent gains even as rupee continued its recovery for the second straight day against the US dollar.

Alibaba.com says 83.8% of shareholders back privatisation

Fri, 25 May 2012 03:38:13 GMT

Alibaba.com Ltd, Hong Kong-listed unit of China's Alibaba Group, said today that 83.8% of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private, in a decision that was widely expected.

Oil firms, state govts step in to douse petrol fire

Thu, 24 May 2012 18:53:20 GMT

A day after the steepest ever petrol price hike of Rs 7.54 sparked protests by UPA allies and Opposition parties in the country on Thursday, there were strong indications that the govt would cushion the blow for the common man. Anupama Airy & Aurangzeb Naqshbandi report.
A token relief of Rs. 1.50 in offing | The rise and rise of petrol prices

LG India to raise prices as Rs. bites

Thu, 24 May 2012 18:19:26 GMT

Pressurised by a depreciating rupee, LG Electronics India has decided to raise prices of its IT products by 6% in June, as the company prepares to push the growth of its IT business through increased sales of laptops and LED monitors.

Highly volatile rupee turns minefield for pharma firms

Thu, 24 May 2012 18:16:37 GMT

The rupee's depreciation is on paper a good thing for the export-oriented pharmaceutical firms that can get more for the dollars they earn, but the industry as a whole is worried because the volatility in the currency is a bigger concern for drug manufacturers who can get their import numbers wrong.

Gupta trial jury told of Buffett deal

Thu, 24 May 2012 18:14:25 GMT

The deal that gave Goldman Sachs Group Inc a $5-billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified on Wednesday at the insider-trading trial of onetime Goldman board member Rajat Gupta.

EU urges Greece to stay in euro zone

Thu, 24 May 2012 18:08:46 GMT

European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout programme.

Sporty looks, but a staid feel

Thu, 24 May 2012 17:53:54 GMT

In a sports-bike market dominated by Bajaj's eminently successful Pulsar variants, Yamaha has made inroads of sorts with its FZ series, and TVS with its RTR. Hero MotoCorp tried bravely with its Karizma, but has simply not been charismatic enough