Business News
Browse all articles and features filed under the News desk.
Sensex starts off week with negative bias
Indian equities began the week negatively, with the Sensex dropping over 100 points. Broader markets, including midcap and smallcap indices, remained largely flat.
India clears biggest deal with US for C-17s at $4.1 bn
India has approved a $4.1 billion deal with the US for 10 Boeing C-17 heavy-lift aircraft, significantly boosting the Indian Air Force's ability to transport troops and equipment over long distances. This marks India's largest defense agreement with the United States.
Better 3G services: the wait could be longer
Customers are experiencing frequent call drops and inconsistent internet speeds with 3G services, leading many to switch back to 2G. Experts suggest it could take 6-9 months for the network to stabilize, while TRAI demands immediate quality service.
Tata Motors’ net profit down 19 percent in 2010-11
Tata Motors reported a 19% decrease in standalone net profit for fiscal year 2010-11, reaching Rs. 1,811.82 crore, primarily due to rising input costs impacting operating margins. Despite this, the company saw significant growth in total income and domestic vehicle sales, with Nano sales exceeding 100,000 units.
Coal India’s net profit up by 12.94 pc in FY11
Coal India Limited (CIL) reported a 12.94% increase in profit after tax for FY11, reaching Rs. 10,867.32 crore. The company also saw growth in net sales and coal dispatch to power utilities.
Another weak start for Sensex
Indian equities markets saw a dull start to trading on Thursday, with the Sensex slipping from its opening levels despite a marginal gain from its previous close.
Jaguar to launch limited edition supercar
Jaguar is set to release the C-X75, a limited-edition hybrid supercar developed with Williams F1. This vehicle promises high performance, low emissions, and advanced design, embodying Jaguar's future vision.
Indian equities markets off to a dull start
Indian equities markets, including the Sensex and Nifty, experienced a subdued opening on Thursday with only marginal gains. Broader markets also traded quietly.
Nano tops Tata Motors sales in April
Tata Motors' Nano car recorded a significant sales surge in April, selling over 10,000 units and outperforming other passenger vehicle models like the Indica and Indigo.
Biocon net up 25 percent for fourth quarter
Biocon Ltd announced a 25% increase in net profit for Q4 FY2011, reaching Rs. 101 crore, with full-year net profit also up by 25.5%. The company reported strong multi-sectoral growth, driven by emerging markets and Indian formulations.
Sensex flat in morning trade
Indian equities markets saw a muted Monday morning session, with the Sensex experiencing minimal movement despite broader markets showing slight gains.
HDFC Bank profit soars 33 percent in fourth quarter
HDFC Bank reported a 33.23% rise in net profit for Q4 2010-11, reaching Rs.1,114.71 crore, driven by increased loan earnings. The bank's board also proposed a 1:5 share split.
Sensex down 75 points, broader markets flat
Indian stock markets experienced a downturn on Monday morning, with the Sensex falling by 75 points. Broader market indices remained largely flat, while Asian markets showed mixed trends.
Hero Honda’s March sales up 24 percent
Hero Honda Motors achieved its highest-ever monthly sales in March, with a 24% increase to 515,852 units. The company also saw a 17% rise in sales for the 2010-11 fiscal year, driven by seven new model launches.
Toyota Kirloskar to raise production by 60,000 units
Toyota Kirloskar Motor (TKM) announced plans to increase its annual production capacity by 60,000 units to meet the high demand for popular models like the Innova, Fortuner, and Etios. This expansion will boost total capacity to 210,000 units.
Tata Motors’ global sales up 14 percent in February
Tata Motors Group announced a 14% rise in global sales for February 2011, reaching 102,411 units, including Jaguar-Land Rover figures. Commercial and passenger vehicle segments also showed significant growth.
Nokia E7 touch-and-type phone launched in India
Nokia has launched its new E7 touch-and-type business smartphone in India, featuring a 4-inch touchscreen, QWERTY keyboard, and an 8MP camera. Priced at Rs. 29,999, it offers mobile office capabilities and entertainment.
India’s inflation up on higher fuel, product prices
India's annual inflation rate climbed to 8.31% in February, driven by increases in fuel and manufactured product prices. This surge puts pressure on the Reserve Bank of India to reassess its monetary policy.
Food inflation dips but milk, vegetables, meat prices still high
Food inflation in India saw a slight dip to 9.52% for the week ending Feb 26, though essential items like vegetables, milk, and meat continue to have high prices. This rate remains above the comfort zone for both the RBI and the government.
Nokia to launch its E7 model in India
Nokia is launching its E7 smartphone in India, priced at Rs. 35,000. Customers can pre-order the device online with a booking amount of Rs. 3,000.