Business News
Browse all articles and features filed under the News desk.
Sensex rangebound; Tata Power, Reliance Infra up
Indian equities saw a rangebound session Friday after a post-budget rally. The Sensex and Nifty pared early gains, with Tata Power and Reliance Infra among the top performers.
Milk, vegetables, meat prices keep food inflation high
India's food inflation saw a slight decline to 10.39% despite persistent high prices for essential items like vegetables, milk, and meat. This figure remains above the comfort zones set by the RBI and the government.
Bajaj Auto sales jump 22 percent in February
Bajaj Auto recorded a 22% increase in sales for February, driven by strong performance in both two-wheelers and three-wheelers, with exports also seeing significant growth.
Tata Pixel showcased at Geneva Motor Show
Tata Motors unveiled the Pixel, a new city car for the European market, at the Geneva Motor Show. This four-seater, based on the Nano, prioritizes space and eco-friendliness.
Hero Honda’s February sales up 23 percent
Hero Honda Motors reported a 23% increase in February sales, reaching 472,055 units. This marks the tenth consecutive month of sales exceeding 400,000 units, driven by consistent performance and growth in their "Pleasure" scooter brand.
Indian economy grows 8.2 percent in third quarter
India's economy expanded by 8.2% in the third quarter of the current fiscal year, a slight dip from the previous two quarters' average of 8.9%. Despite this, the finance minister projects an overall 8.6% growth for the entire fiscal year.
Aircel targets 2G client base for 3G service
Aircel is set to launch 3G services across 13 circles by March, aiming to convert 35% of its 2G users. The company plans to invest Rs. 45,000 crore to expand its network.
Diesel price may be freed if inflation falls
India may deregulate diesel prices once inflation drops to 6%, according to C. Rangarajan. This move, following petrol price deregulation, is politically sensitive due to diesel's impact on essential commodity prices.
Gold consumption up by 66 percent in 2010
India's gold consumption surged by 66% in 2010, reaching 963.1 tonnes, driven by increased demand for jewellery and investments. Experts predict continued growth in 2011, with potential price hikes and import duty adjustments.
Reliance Communications Q3 net profit up 7.7 percent
Reliance Communications announced a 7.7% increase in net profit for the December quarter, reaching Rs. 480 crore. The company also expanded its customer base significantly and launched 3G services in several major cities.
Sensex rises in early trade
Indian equities markets saw a positive start to Wednesday's trading, with the Sensex and Nifty both rising after six consecutive sessions of losses. Broader markets also showed gains.
Mobile broadband users to reach 1 bn globally in 2011: Ericsson
Ericsson predicts global mobile broadband subscriptions will hit one billion in 2011, driven by smartphone and tablet adoption, with Asia Pacific leading the growth.
Skoda Auto reports record sales in 2010
Skoda Auto, the Czech carmaker owned by Volkswagen, announced a record 11.5% sales increase in 2010, selling 762,600 cars globally. The company aims to double worldwide sales by 2018.
CII proposes bio-diesel price hike
The Confederation of Indian Industry (CII) has proposed a significant price hike for jatropha-derived bio-diesel to ensure the industry's sustainability and growth. This move aims to boost rural economy revenue and reduce greenhouse gas emissions.
India to add 65,000 MW power in 12th plan
Union Power Minister Sushil Kumar Shinde announced that India plans to add 65,000 MW of power during the 12th Five Year Plan through new thermal and hydro-electric projects. This significant boost aims to largely resolve the country's electricity needs within two to three years.
Second generation of Apple TV to cross million sales mark
Apple TV's second generation is nearing one million sales, exceeding initial projections. The device streams content from the internet and popular services like iTunes and Netflix.
Google TV faces hurdles
Google is revamping its Google TV software after initial criticism and a lukewarm reception. Manufacturers are delaying product launches as Google addresses content provider concerns and system improvements.
Sensex rises in morning trade
Indian equity benchmarks, Sensex and Nifty, showed positive movement in morning trade, with broader markets also experiencing gains.
Ailing Air India to get $250 mn equity from government
The Indian government has approved a $250 million equity infusion for the struggling national carrier Air India. This funding is part of a larger turnaround plan aimed at reviving the airline, which has been facing significant financial losses.
Sensex opens 23 points higher
A benchmark index of Indian equities opened almost flat with a positive bias Thursday, taking cues from stability in the global markets. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,038.83 points – up 23.03 points from the previous close o