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Sensex down 100 points; metal stocks fall
Mumbai: A day after crashing 160 points, a benchmark index of Indian equities markets was trading more than 100 points down in the afternoon trade session Wednesday.
Heavy selling was observed in metal, banking, fast moving consumer goods…
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India-Vietnam trade may rise to USD 20 bn by 2020: Thanh
Vadodara: The bilateral trade between India and Vietnam is likely to touch USD 20 billion by 2020, country's ambassador to India Ton Sinh Thanh has said.
"The two-way trade between Vietnam and India is expected to reach USD 8 billion this…
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Mukesh Ambani gives retail arm mandate to drive 4G devices
Mumbai: Set to launch its pan-India 4G datacom services under "Jio" brand soon, Mukesh Ambani-led Reliance Industries has assigned its retail arm the mandate to develop the market for compatible devices and drive its growth.
"Devices are…
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Reliance announces Rs 1 lakh cr investment in 12-18 months
Gandhinagar:Reliance Industries Chairman Mukesh Ambani today announced Rs 100,000 crore investment across businesses in the next 12-18 months and said India was on the path to become the world's fastest growing economy.
The investments…
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Infosys will return to industry growth by 2016: Vishal Sikka
Bengaluru: Global software major Infosys Ltd would return to industry growth (13-15 percent) and catch up with its peers by end of fiscal 2016-17, its chief executive Vishal Sikka said on Friday.
"As our former chairman and founder N.R.…
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Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal
The government is likely to exempt ONGC and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates to around USD 50 per barrel.
Upstream producers Oil and Natural Gas Corp (ONGC)…
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SC quashes summoning of Mittal and Ruia in 2G court charges
New Delhi: In a relief to Sunil Bharti Mittal of the Airtel and Ravikant Ruia of the Essar Group, the Supreme Court Friday quashed the order by the 2G special court summoning them to appear before it to face trial in an alleged conspiracy…
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Audi reports record sales in India at 10,851 units
New Delhi: German luxury car maker Audi today reported record sales in India at 10,851 units in 2014, a growth of more than 8 per cent over 2013, thus retaining its leadership in the Indian luxury car space.
The company had sold 10,002…
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SAIL plans Rs 1,50,000 crore investment by 2030-31
Kolkata: SAIL, country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2030-31 to ramp up steel production from 23 million tonnes to 50 million tonnes.
"We have prepared an investment plan of Rs 1,50,000 crore till…
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Xiaomi sales grew three times in 2014, over 61.12 million smartphones sold
Beijing: The chairman of Chinese smartphone brand Xiaomi says its sales more than doubled last year to $12.2 billion.
In a posting on his company blog, Jun Lei said the 5-year-old company sold 61.1 million handsets, a 227 percent increase…
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