Business News
Sensex starts off week with negative bias
A benchmark index for Indian equities markets Monday started the week’s trade on a negative note while broader indices were ruling flat.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,242.25 points, was ruling at 18,167.99 points — down…
India clears biggest deal with US for C-17s at $4.1 bn
India Monday approved its biggest defence deal with the US for 10 Boeing C-17 strategic heavy-lift planes for $4.1 billion, in a major step to augment the capability of its air force to swiftly move troops and equipment over long distances.The cabinet committee on security,…
Better 3G services: the wait could be longer
The promise of high-end phone services by mobile firms through the much-hyped third generation (3G) telecom technology seems to have hit a roadblock as customers complain of frequent call drops and inconsistent internet speeds.Experts say it could take between six and nine months for…
Tata Motors’ net profit down 19 percent in 2010-11
Automobile major Tata Motors Thursday reported a decrease of over 19 percent in its stand alone net profit for last fiscal year at Rs.1,811.82 crore due to reduction in operating margins caused by increasing input prices.“Cost pressure, including commodity price increase, resulted in a…
Coal India’s net profit up by 12.94 pc in FY11
Coal India Limited (CIL), a Maharatna public sector undertaking, Wednesday announced that it has posted a profit after tax (PAT) of Rs.10,867.32 crore last fiscal compared to Rs.9,622.45 crore during FY10, registering an increase of 12.94 percent.The company posted 17.89 percent growth in its…
Another weak start for Sensex
A benchmark index of Indian equities markets Thursday was trading dull in early trade, slipping from its opening levels.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,166.64 points, was ruling at 18,137.64 points — up 51.44 points or…
Jaguar to launch limited edition supercar
The iconic Jaguar will soon launch C-X75, a hybrid supercar, priced in the range of British 700,000 pounds plus local taxes, an official said here Friday.The new car will mix internal combustion power with electric motors to achieve supercar performance giving speeds of over…
Indian equities markets off to a dull start
Indian equities markets started dull Thursday with a benchmark index nudging up from its previous close and broader markets trading quiet.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) which opened at 18,484.71 points, was ruling at 18,482.68 points, up 13.32 points…
Nano tops Tata Motors sales in April
Tata Motors sold more than 10,000 units of the Nano, touted as the world’s cheapest family car, in April, a 184-percent hike in sales as compared to April 2010, an official said here Sunday.Tata Indigo and Tata Indica notched lower sales as compared to…
Biocon net up 25 percent for fourth quarter
Indian biopharma major Biocon Ltd posted consolidated net profit of Rs.101 crore for fourth quarter (January-March) of fiscal 2010-11, registering 25 percent year-on-year (YoY) growth.In a regulatory filing Thursday, the country’s leading biotech firm said consolidated revenue for the quarter (Q4) under review, however,…
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