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Gold smuggling up by four times 12 May 2014
Gold smuggling in India has increased by four times compared to the previous year and so far Rs 245 crore worth gold was seized by Directorate of Revenue Intelligence [DRI] during 2013-14. The DRI officials have arrested 464 persons in...
Keywords: Gold smuggling up by four times, Kerala airport, gold smuggling in India, Gold smuggling up by four times
Read More USD 579 mn penalty on Reliance 14 July 2014
The Central government has slapped Reliance Industries [RIL] with an additional penalty of USD579 millions for producing less than targeted natural gas from its Krishna-Godavari [KG] D6 block. With this the total penalty on RIL stands at USD 2.376 billions...
Keywords: Reliance, Oil Minister Dharmendra Pradhan, India Business News, Petroleum Minister Dharmendra Pradhan
Read More TCS to hire 55000 employees 17 April 2014
Tata Consultancy Services [TCS], on Wednesday, reported 48.2 per cent growth in its consolidated net profit at Rs. 5,410 crore and Revenues were up 31.2 per cent at Rs. 21,551 crore for the fourth quarter of 2013-14. Addressing the media...
Keywords: TCS, TCS CEO Chandrasekharan, Tata Consultancy Services, Ajoy Mukherjee
Read More Nita Ambani joins Reliance Industries 18 June 2014
Mukesh Ambani's wife Nita Ambani has officially joined the Reliance Industries Ltd [RIL] today. Her appointment was confirmed in the Annual General Meeting [AGM] held today in Mumbai. With this, Nita is the first woman to be appointed as the...
Keywords: Nita Ambani joins RIL, India Business News, Business News, Reliance Industries
Read More Stock Markets end positive 09 June 2014
The Stock Markets started the week on positive note, both Bombay Stock Exchange and Nifty touched new highest today. BSE gained 183 points while Nifty crossed 7,600 and ended above it. The Markets were completely dependent on the President of...
Keywords: Indian Rupee, National Stock Exchange, Bombay Stock Exchange, Bombay Stock Exchange
Read More Flipkart acquires Myntra 21 May 2014
India's largest online retailer, Flipkart.com, has acquired fashion e-retailer Myntra.com and the deal will be a combination of both cash and stock, is scheduled to be announced on Thursday. The officials from both the side did not disclose the amount...
Keywords: Flipkart buys Myntra, Business news, India Business News, Amazon
Read More Honda post a record domestic sales 02 April 2014
Japan's automaker Honda has registered a record domestic sales in March 2014 and this is their highest ever sales in the country. The sales graph rose by 83.4 percent and sold 18,426 units as compared to 10,044 units the same...
Keywords: Mercedes Benz, Honda City diesel, Business News, Business News
Read More India had 1.75 lakh millionaires 10 June 2014
The Boston Consulting Group's 14th annual report on the global wealth-management industry 'Riding a Wave of Growth: Global Wealth 2014' said India had 175,000 millionaire households in 2013, ranking 15th in the world. India improved its ranking by one position...
Keywords: yen value, Business News, global wealth-management industry, equity markets
Read More Reliance buys Network 18 30 May 2014
Reliance Industries Ltd. [RIL] will acquire popular television news channels CNN-IBN, IBN7, CNBC-TV18 and Lokmat, and also the entire clutch of ETV channels for Rs. 4,000 crore. The announcement was confirmed by the Network 18 and Reliance Industries who have...
Keywords: colors channel, Reliance buys Network 18, firstpost.com, IMT
Read More AirAsia to fly from June 12 29 May 2014
AirAsia India will begin its operations in the country from June 12 and ticket sales are starting on Friday i.e, May 30. AirAsia has been granted flying license by aviation regulatory DGCA earlier this month and so the operations are...
Keywords: AirAsia, India Business News, AirAsia, AirAsia to begin Indian operations
Read More Inflation drops further in February 14 March 2014
Inflation fell to nine-month low of 4.68 per cent in February. The food inflation, based on Wholesale Price Index (WPI) is down to 8.12 per cent in February, compared to 8.8 per cent in the previous month. The overall inflation...
Keywords: Wholesale Price Index, January Inflation, December Inflation, January Inflation
Read More WalMart debuts in Hyderabad 02 July 2014
WalMart India on Tuesday launched its online wholesale portal services in Hyderabad and Lucknow cities. After the launch the company released a statement which said this e-commerce platform will offer wide range of products with the same price as its...
Keywords: WalMart India opens in hyderabad Lucknow, WalMart India, Walmart CEO Krish Iyer, Business news
Read More Infosys Q4 Results beats expectations 15 April 2014
Infosys on Tuesday declared their fourth quarter results and reported reported a consolidated net profit of Rs. 2,992 crore on sales of Rs. 12,875 crore between January and March 2014. The second IT giant of the country reported Revenue of...
Keywords: Infosys Q4 Results beats expectations, Business news, Infosys Q4 Results, Infosys Q4 Results beats expectations
Read More Rupee ends eight months high 26 March 2014
Indian Rupee which nearly depreciated by 14 percent last year, is slowing getting strong. This year so far Rupee gained nearly 3 percent and is still going strong. Today, Rupee hit eight months high at Rs 60.13 per USD and...
Keywords: RBI, India Business News, Bombay Stock Exchange, NSE
Read More RBI holds Rates 03 June 2014
Reserve Bank of India [RBI] kept interest rates unchanged at 8 per cent in Governor Raghuram Rajan's first monetary policy announcement after a change in government in the centre. However the Central Bank has cut Statutory Liquidity Ratio [SLR] by...
Keywords: RBI Policy review, RBI Policy review, RBI Policy review, Raghuram Rajan
Read More Inflation hits five months high 16 June 2014
The Wholesale Price Inflation rose to 6.01 per cent for the May month said the government data on Monday. This is driven by higher food and fuel costs and with Iraq crisis, India is likely to face more tough situations...
Keywords: consumer price inflation, India Business news, Inflation, Business News
Read More Infosys hunts for new CEO 11 April 2014
Infosys Ltd on Friday announced that the search for the company's Chief Executive Officer [CEO] has begun. The current CEO and co-founder SD Shibulal will be retiring in January next year and so Infosys has started its search for new...
Keywords: S.D. Shibulal, Infosys new CEO, India Business News, Egon Zehnder
Read More RBI holds the Policy Rate 01 April 2014
The Reserve Bank of India on Tuesday held the Repo Rate unchanged at 8 percent in the bank's Monetary Policy Review. RBI Governor Raghuram Rajan has raised the repo rate three times by a total of 75 basis points since...
Keywords: RBI, India Business News, retail inflation, inflation
Read More HDFC profit rise by 11 pc 06 May 2014
Housing Development Finance Corporation [HDFC] Ltd reported a profit of 10.8 percent rise at at Rs 1,723.10 crore for the fourth quarter ended March, 2014 where as the total income rose from Rs 5,666.08 crores to Rs 6,620.33 crores and...
Keywords: HDFC Q4 results, HDFC profit rise by 11 pc, HDFC net margin, HDFC dividend share
Read More Sun Pharma to buy Ranbaxy 07 April 2014
Sun Pharmaceuticals Industries will buy struggling generic drug maker Ranbaxy Laboratories in an all-stock transaction for an equity value of USD 3.2 billion which will make it the largest pharmaceutical company in India and also the fifth largest in the...
Keywords: Sun Pharma Karkhadi plant, Business News, generic drug maker, Sun Pharma to buy Ranbaxy
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