(Friday, 24 May 2013 06:12)
Rio de Janeiro, May 24: Brazil's first auction of contracts to develop offshore oil and gas reserves in the pre-salt region will be held in October, or earlier than previously scheduled, the government said Thursday.The government's National Council for Energy Policy
(Thursday, 23 May 2013 18:33)
Kolkata, May 23: West Bengal government, which holds nearly 40 per cent stake in Haldia Petrochemicals Ltd through WBIDC, has agreed to provide Rs 100 crore to the company as demanded by the lenders, sources said. At the board meeting
(Thursday, 23 May 2013 15:41)
Mumbai, May 23: Tata Steel's consolidated net loss plunged to Rs 6,528.51 crore for the quarter ended March, 2013, as it took Rs 8,355.91 crore one-time impairment on non-current assets, primarily related to European operations. The Tata group company had
(Thursday, 23 May 2013 06:12)
Tokyo, May 23: Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of
(Wednesday, 22 May 2013 07:40)
Washington, May 22: Apple, in 2012 alone, avoided paying $9 billion in U.S. taxes, using a strategy involving three offshore units with no discernible tax home, or "residence", found out the Senate Permanent Subcommittee on Investigations. Cook, in his first
(Wednesday, 22 May 2013 06:00)
Mexico City, May 22: Mexican telecommunications giant America Movil says it has agreed to buy US mobile operator Start Wireless Group for an undisclosed amount.In a filing with the Mexican Stock Exchange, the Mexico City-based company announced its US unit Tracfone
(Tuesday, 21 May 2013 10:25)
Kolkata, May 21: India should open up its economy more for eliminating poverty and achieve a higher rate of growth and allow foreign capital for building infrastructure, US ambassador Nancy Powell said. "In the last two decades, growth in India
(Monday, 20 May 2013 09:08)
Bangalore, May 20: Infosys Ltd will challenge an order seeking Rs 577 crore tax for the fiscal year that began in April 2009. Infosys is already facing tax demands worth $214 million for fiscal 2005 to fiscal 2008 "Infosys is
(Monday, 20 May 2013 05:24)
Washington, May 20: The board of web pioneer Yahoo has reportedly approved a deal to buy popular blogging site Tumblr for $1.1 billion in cash, according to various media reports.Yahoo CEO Marissa Mayer and Tumblr CEO David Karp were reported to
(Sunday, 19 May 2013 10:06)
Mumbai, May 19: Shares of IT services firm Mahindra Satyam on Friday fell by nearly 2 per cent after the company reported 15 per cent decline in profit after tax for the fourth quarter ended March 2013. After falling nearly
(Saturday, 18 May 2013 11:15)
Kolkata, May 18: In the backdrop of the chit fund scam, the State Bank of India today said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured
(Friday, 17 May 2013 11:05)
New Delhi, May 17: Global agency Standard & Poor's today warned that it may downgrade India's sovereign rating to junk grade if the government fails to pursue reforms and check deterioration in fiscal and current account deficits. While retaining India's
(Friday, 17 May 2013 07:05)
Washington, May 17: India and China are expected to be the largest investors among developing countries by 2030, with the two Asian giants accounting for 38 per cent of global gross investment, a World Bank report said today. "Among the
(Thursday, 16 May 2013 10:00)
New Delhi, May 16: Two-and three-wheeler manufacturer Bajaj Auto today reported a marginal increase of one percent in net profit for 2012-13.The net profit stood at Rs.3,044 crore from Rs.3,004 crore in the fiscal year 2012-13.The company reported a three percent
(Monday, 13 May 2013 09:19)
Mumbai, May 13: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs. 15 crore for the fifth year in a row, while foregoing nearly Rs. 24 crore from the remuneration approved for him by shareholders.
(Friday, 10 May 2013 09:55)
New Delhi, May 10: Led by manufacturing sector, the industrial production during March improved to 2.5 per cent, raising hopes of economic growth crossing the 6 per cent mark in the current fiscal. The improvement in the factory output during
(Monday, 06 May 2013 17:02)
Mumbai, May 6: Vijay Mallya, who has already lost his title - King of Good Times, has been pushed back over his debts in connection with Kingfisher Airlines (KFA). Now the liquor baron may lose all his assets over losses due
(Sunday, 05 May 2013 07:04)
New Delhi, May 5: What started as a promise to be 'the people's car', Tata Motors' Nano is finding it tough to get going with customers turning their backs to the model, sales for which have been dwindling and clocked just
(Friday, 03 May 2013 09:30)
New Delhi, May 3: India's largest telecom operator Bharti Airtel Friday said it will sell five percent stake to Doha-based Qatar Foundation Endowment for $1.26 billion.As per the agreement, Qatar Foundation Endowment (QFE) will subscribe to 199,870,006 new shares of Bharti
(Friday, 03 May 2013 09:30)
Jaipur, May 3: UK-based construction equipment maker JC Bamford Excavators (JCB) today said it will invest Rs 500 crore in India over the next five years to set up its fourth manufacturing facility here. The company's wholly-owned subsidiary 'JCB India'
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