Bajaj Auto is known for its two wheelers and three-wheelers. The company is making a four-wheeler for the first time. Bajaj Auto, a listed two-wheeler and three-wheeler company, announced the launch of RE 60, an ultra-low cost car. The company claims that the car would have a mileage of close to 40 km per litre and [...]
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Most global currencies have weakened against the dollar over the past few days because the dollar is seen as a safe haven in times of distress. The euro has now lost 3% in three days. The rupee continued its free fall Thursday, breaching the 54 mark against the dollar for the first time ever. It [...]
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The Indian rupee slumped to a record low of 53.51 against the US dollar. The sharp fall was triggered by a slump in industrial production and then exacerbated when finance minister Pranab Mukherjee said that subsidies have exceeded budget estimates. He made this admission during the debate in Rajya Sabha, the upper house of Parliament. [...]
Add to orkutNew Delhi: The Central Board of Excise and Customs (CBEC) has agreed to ‘de-freeze’ Kingfisher Airline’s accounts. The private carrier assured its board on Monday that all arrears would be paid by March 2012, finance ministry sources said. It is learnt that Vijay Mallya, chairman at Kingfisher Airlines, met with CBEC chairman S K Goel [...]
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This year’s list of the country’s 500 largest corporations, compiled by the global business magazine Fortune’s Indian edition, features as many as 57 new entities State-run Indian Oil Corp has emerged as the country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place, as [...]
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Hyderabad: Rolls-Royce Motor Cars Wednesday appointed its dealer for Hyderabad, marking its return to this historic city where the Nizam had once owned a fleet of over 50 super luxury cars. Hyderabad is the third city in India after Mumbai and New Delhi to get a dealership of Rolls-Royce, which plans to open two more [...]
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Shares of Kingfisher Airlines fell by over 5 per cent in the morning trade on the BSE. Shares of Kingfisher Airlines fell by over 5 per cent in the morning trade on the BSE after Mumbai International Airport Ltd (MIAL) threatened to put the company on cash-and-carry mode from tomorrow if it fails to pay [...]
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Tokyo: Toyota’s president unveiled a futuristic concept car resembling a giant smartphone to demonstrate how Japan’s top automaker is trying to take the lead in technology at the upcoming Tokyo auto show. Toyota Motor Corp. will also be showing an electric vehicle, set for launch next year, and a tiny version of the hit Prius [...]
Add to orkutIndian equity benchmarks were trading lower on the back of profit booking in oil & gas, metal, banking, capital goods, cement, Anil Dhirubhai Ambani Group companies and select auto stocks. The market had rallied 6% last week and hence investors are seen booking some profit today. However, cheered up by Wipro’s Q2 numbers, technology stocks were quite [...]
Add to orkutThe Indian benchmark indices have opened higher taking cues from the global markets after European leaders crafted a deal aimed at slashing Greece’s massive debt load and preventing the economic crisis there from engulfing larger countries like Italy. While the Sensex was trading with a gain of over 450 points, 50-stock Nifty saw a rise [...]
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