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RIL posts best Q1 nos; net jumps 32% to Rs
Reliance Industries (RIL) today reported the best-ever quarterly profit and revenue numbers with a 32.3 per cent rise in profit and massive 85 per cent jump in revenues in the 27 Jul 2010

Can Volkswagen become the people’s car in India?
Volkswagen recently announced the launch of its high-end luxury car, the Phaeton, in India. Named after the son of Phoebus, the Greek Sun God, it was unveiled at the Geneva 21 Jun 2010

Govt releases new DTC draft, addresses 11 key issues
The government today said that it will introduce a draft legislation on the Direct Taxes Code (DTC), which would replace half-a-century old Income Tax Act, in Parliament in the forthcoming 15 Jun 2010

Food inflation rises to 16.55%
Food inflation rose to 16.55 per cent for the week ended May 22 on account of high prices of pulses, fruits and vegetables. 3 Jun 2010

BP, Obama beset by growing Gulf spill frustration
US lawmakers and local residents clamored on Sunday for BP and the Obama administration to do more to save the Gulf Coast from an out-of-control oil spill that has become 31 May 2010

DLF to raise Rs 2,700cr to reduce debt by a
Realty giant DLF plans to raise Rs 2,700 crore this fiscal through sale of non-core assets to reduce its debt of over Rs 16,421 crore by about one-third. 16 May 2010

ITC pushes Bharti out of top 10 m-cap firms
In the highly volatile trade past week, six out of the top 10 firms added nearly Rs 17,000 crore to their market capitalisation, with FMCG major ITC getting into the coveted club 16 May 2010

Realty biz to remain local play with varying laws across
Real estate market may have grown in leaps and bounds in recent years, but the business may remain a regional play in the country, as law of land is different 16 May 2010

Isaac Newton's apple tree travels in space shuttle Atlantis
At 2.20 pm on Friday, exactly as planned, space shuttle Atlantis thundered off its launch pad at the Kennedy Space Centre and set off on its 32nd — and, perhaps, 16 May 2010

Inflation back in double digits after 16 months
Wholesale prices-based inflation stood at 10.06 per cent in February, breaching the double-digit mark, although quick estimates for April showed it was at a lower rate of 9.59 per cent. 15 May 2010

Bajaj launches Discover 150 cc
Bajaj Auto on Monday launched Discover 150, a new variant to strengthen its presence in the two-wheeler market. With this, the company aims to increase its share in the commuter 11 May 2010

RCom to offer unlimited local, STD call schemes
Reliance Communications (RCom) today announced a new rate plan — Simply Unlimited Pack — with unlimited talk time on a single monthly recharge for its CDMA pre-paid customers. 7 May 2010

Pressure mounts on Lalit Modi to step down
Amid mounting pressure from detractors within and outside BCCI to ease him out, indications emerged that Modi may have to quit the post. 21 Apr 2010

3G bids: Govt to get at least Rs 25,500 crore
The government would rake in at least Rs 25,500 crore from the auction of third generation (3G) spectrum as the pan-India licence on the ninth day reached a bid of 21 Apr 2010

Sesa Goa Q4 net up two-fold at Rs 1,215 cr
Vedanta Resources group firm Sesa Goa today said its net profit for the fourth quarter of the last fiscal surged to Rs 1,215.11 crore on account of strong demand for 20 Apr 2010

BSNL strike called off; GoM to decide on disinvestment
Within hours of going on indefinite strike, the employee unions of BSNL today called off the protest after the government assured that the issue of disinvestment in the telecom PSU 20 Apr 2010

Realty stocks up 4% after RBI rates hike
Realty stocks soared by as much as four per cent on the Bombay Stock Exchange (BSE) after a less-than-expected hike in key policy rates by the RBI cheered investor sentiment. 20 Apr 2010

INDUSTRY VIEW - Company officials comment on RBI policy
The Reserve Bank of India (RBI) today raised key interest rates by 25 basis points, as expected, tightening policy for the second month in a row as inflation heads towards 20 Apr 2010

BANKERS' VIEW: Senior bank officials react to RBI policy
The Reserve Bank of India on Tuesday raised key interest rates by 25 basis points, as expected, tightening policy for the second month in a row as inflation heads towards 20 Apr 2010

India should not copy US development model: Pitroda
Telecom guru Sam Pitroda today said India should develop an indigenous model for development that focused on low-cost solutions, instead of copying the consumption-based American economic model, which was unsuitable 20 Apr 2010

Bollywood loses over Rs 200 cr during Jan-March '10
The Bollywood box office incurred losses of at least Rs 200 crore in the first three months of 2010, primarily due to poor content and the ongoing Indian Premier League 20 Apr 2010

TCS Q4 net jumps 50% YoY
India's largest IT services provider, Tata Consultancy Services, posted a 50.1 per cent jump in its net profit (consolidated Indian GAAP) at Rs 2,001 crore for the quarter ended March 19 Apr 2010

300,000 BSNL staff on strike from tomorrow
Telecom services, especially calls to and from BSNL network, will be disrupted from tomorrow morning, with nearly 3 lakh employees of the PSU beginning an indefinite strike to protest VRS 19 Apr 2010

Kerala politicians take cautious step in showing solidarity for Tharoor
The Congress leadership in Kerala is keeping a low profile in defending Shashi Tharoor, though the main point of his defence in the Indian Premier League (IPL) issue is that 19 Apr 2010

Infy results fail to cheer markets
The markets have opened on a weak note today inspite of the  better than expected results by IT bellwether, Infosys.   The Q4 results reported by IT bellwether, Infosys which were 13 Apr 2010

Another brand new Tata Nano catches fire in Gujarat
Another brand new Tata Nano car caught fire near here today, the second such instance within a month, but the company claimed there were "no design flaws" with the world's 7 Apr 2010

Sierra Atlantic acquires $15-million US firm
Sierra Atlantic today acquired North Carolina-based consulting and Oracle solutions provider Baytree Associates in a 50:50 cash-and-earnout deal. Declining to divulge the deal size, Jesrani said the acquired company’s current 7 Apr 2010

ICICI, HDFC Bank insist they are Indian
Commerce minister says discussion on but present foreign investment rules are satisfactory. 6 Apr 2010

Wireless broadband now in your pocket's bandwidth
Growing use of netbooks and laptops has led to a sharp drop in broadband prices. In 2009, about 73,000 netbooks (stripped-down laptops) were shipped to India. 5 Apr 2010

Rupee at 18-month peak on $ weakness
The rupee strengthened to its highest level in more than 18 months on Monday morning boosted by the dollar's weakness against major currencies and mild gains in the local sharemarket. 29 Mar 2010

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