BMW rolls out ActiveHybrid 7 sedan

New Delhi, July 23 : Luxury automobile manufacturer BMW Wednesday launched ActiveHybrid 7 sedan priced at Rs.1.35 crore (ex-showroom Delhi).


Microsoft's revenue beats expectation, profit decreases

Washington, July 23 : Microsoft's total revenue reported 23.38 billion dollars in its fourth fiscal quarter was announced on Tuesday as the profit plunged following the company's acquisition of Nokia's handset business.


'Gujarat model may help India jump 50 spots in ease of doing business'

New Delhi, July 23 : India, which is current placed 134th in the World Bank's ease of doing business report, would jump 50 spots by implementing the Gujarat model of reforms, World Bank group president Jim Yong Kim said Wednesday.


Cairn India Q1 net drops 65 percent on depreciation method change

Mumbai, July 23 : Oil and gas major Cairn India Wednesday reported a fall of 65 percent in consolidated net profit at Rs.1,092.9 crore in the first quarter ended June compared to Rs.3,127.23 crore in the same quarter of the fiscal, attributed to a change in the depreciation method from a straight-line to unit of production method, as well as weak operational performance.


Sensex gains 122 points, Nifty hits new record high

Mumbai, July 23 : A benchmark index of Indian equities markets Wednesday closed 121.53 points or 0.47 percent up as information technology (IT) stocks surged.


Jet Airways devises new plan to turn profitable

New Delhi, July 23 : Jet Airways Wednesday said it has initiated a new plan to focus on the domestic sector to turn its financial position around in the next three years.


Virtual walking tour for android phones launched

New Delhi, July 23 : A mobile application that makes travel hassle-free for tourists in a new city in India is now available on android phones.


SpiceJet announces extra flights for limited period

Hyderabad, July 23 : Low-cost airline SpiceJet Wednesday announced the introduction of new flights serving Delhi-Hyderabad, Delhi-Tirupati via Hyderabad, and Delhi-Bangalore from Aug 15 to Sep 8.


Honda launches multi-utility vehicle Mobilio

New Delhi, July 23 : Honda Cars India Wednesday launched a newly developed seven-seater multi-utility vehicle (MPV), Mobilio, priced between Rs.6.49 lakh and Rs.9.76 lakh (ex-Showroom Delhi).


Sensex gains 122 points; Nifty hits record high

Mumbai, July 23 : A benchmark index of Indian equities markets Wednesday closed trade 121.53 points or 0.47 percent up as IT stocks surged.


SAIL to tap overseas markets

New Delhi, July 23 : State-run SAIL plans to export higher volumes of steel after commissioning new facilities under modernisation and expansion plan, Minister of State for Steel Vishnu Deo Sai said Wednesday.


HSI urges airlines to stop shipping shark fins

Hyderabad, July 23 : Humane Society International: India has urged leading airlines in India to stop shipping shark fins in the wake of growing global concern over decreasing shark populations and degrading health of marine ecosystems.


Philips Lighting, Disney India unveil kids range

New Delhi, July 23 : Targeted at kids between three to seven years, Philips Lighting India Wednesday unveiled an imaginative LED lighting portfolio designed by Disney.


Polaris to focus on digital banking

Chennai, July 23 : Financial sector, software services and products company Polaris Financial Technology Ltd. has decided to focus on four verticals for its services business, said a top company official here Wednesday.


OPEC daily basket price closes higher

Vienna, July 23 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.74 a barrel Tuesday, against $105.07 Monday, according to the OPEC Secretariat.


Sensex gains 94 points; capital goods stocks surge

Mumbai, July 23 : A benchmark index of Indian equities markets Wednesday was trading 93.64 points or 0.36 percent up as capital goods stocks surge.


CII conclave: Uttar Pradesh to be partner state

Lucknow, July 22 : The Uttar Pradesh government Tuesday announced it will partner the "Invest North" 2014 event being organised by the CII in New Delhi July 24-25.


Mercedes launches AMG version of CLA 45 sedan

New Delhi, July 22 : Mercedes-Benz Tuesday launched the AMG version of its sedan CLA 45 powered by the four-cylinder series production engine.


Sensex gains 310 points; oil and gas stocks rise

Mumbai, July 22 : A benchmark index of Indian equities markets Tuesday closed trade 310.63 points or 1.21 percent up on positive international cues and a surge in oil and gas stocks.


TRAI recommends Rs.2,278 crore investment for Andamans, Lakshadweep

New Delhi, July 22 : The Telecom Regulatory Authority of India (TRAI) Tuesday recommended capital investment of around Rs.2,278 crore to improve of telecom services in the Andaman & Nicobar Islands : and Lakshadweep.


Sensex gains 310 points; oil and gas stocks rise

Mumbai, July 22 : A benchmark index of Indian equities markets Tuesday closed trade 310.63 points or 1.21 percent up on positive international cues and a surge in oil and gas stocks.


New app for booking autos, cabs

New Delhi, July 22 : A local company here has introduced a mobile application that enables users book autos and cabs without the hassles of waiting by the roadside or through the internet or phone calls.


OPEC daily basket price closes lower

Vienna, July 22 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.07 a barrel Monday, against $105.54 last Friday, according to the OPEC Secretariat.


PSUs should be competitive, says Jaitley

New Delhi, July 22 : Finance Minister Arun Jaitley Tuesday said public sector undertakings should learn to function like private business houses in a competitive environment.


Sensex surges over 200 points; oil and gas stocks rally

Mumbai, July 22 : A benchmark index of Indian equities markets Tuesday surged 218.94 points or 0.85 percent as oil and gas stocks rallied.


Bank of Japan's liquidity splurge will counter US Fed taper (Column: Currency Corner)

By Vatsal Srivastava : One might think that the Zero Interest Rate Policy (ZIRP) era is coming to an end. The US Federal Reserve will be concluding its Quantitative Easing (QE) program by year-end and we can expect the first interest rate hike in mid-2015.


Sensex gains over 100 points; healthcare stocks surge

Mumbai, July 22 : A benchmark index of Indian equities markets Tuesday was trading 109.60 points or 0.43 percent up as healthcare stocks surge.


Honda Motorcycle ties up with Haryana Gramin Bank

Gurgaon, July 21 : Eyeing rural and semi-urban buyers, Honda Motorcycle and Scooter India (HMSI) Monday entered into a retail finance tie-up with Sarva Haryana Gramin Bank.


Power producers asked to import coal to meet shortfall

New Delhi, July 21 : Power producers have been advised to import 54 million tonnes (MT) of coal in the current fiscal to tide over domestic supply shortages, the government said Monday.


US firm launches panic button for staff cars in Kerala

Thiruvananthapuram, July 21 : American tech firm UST Global, the largest employer of IT professionals in Kerala, has installed GPS tracking mechanisms and panic buttons on its company's cabs for its centre here, an official said.


TRAI recommends all kinds of spectrum sharing

New Delhi, July 21 : The Telecom Regulatory Authority of India (TRAI) Monday recommended to allow sharing of all categories of spectrum.


Tax collection for 2014-15 will exceed target: Arun Jaitley

New Delhi, July 21 : The government is hopeful to exceed the Rs.736,221 crore revenue target from the direct tax collections in the current financial year, Finance Minister Arun Jaitley said Monday.


Rupee down by 2 paise at 60.30 USD

Mumbai, Jul 21 : The rupee today eased by two paise to end at 60.30 against US Dollar due to brisk buying of the greenback by bankers and importers, traders at Forex Market said.


Idea Cellular's Q1 net profit up over 57 percent

Mumbai, July 21 : Riding on higher data and voice growth, Idea Cellular's first quarter (April-June) consolidated net profit of 2014-15 jumped over 57 percent, the company said Monday.


Sensex ends 73 points higher; FMCG stocks rise

Mumbai, July 21 : A benchmark index of Indian equities markets ended Monday's trade 73.61 points or 0.29 percent up as fast moving consumer goods (FMCG) stocks surged.


Mobile networks in Naxal-hit areas in 15 months: Ravi Shankar Prasad

New Delhi, July 21 : Mobile networks are likely to be set up in the Naxal-affected areas in 15 months under the Universal Service Obligation Fund scheme, Communications and IT Minister Ravi Shankar Prasad said Monday.


Sensex ends up nearly 50 points

Mumbai, July 21 : A benchmark index of Indian equities markets Monday ended trade 48.65 points or 0.19 percent up as fast moving consumer goods (FMCG) stocks surged.


Smartphones to drive future cars

New York, July 21 : Hold on to that steering. Cars of the future are set to get rid of traditional controls like buttons and switches and have a touchscreen smartphone for your driving comfort and overall safety.


We are not targeting Adanis: Greenpeace Australia

By Rekha Bhattacharjee, Sydney, July 21 : Even as Greenpeace Australia denies charges of targeting an Indian energy major led by Gautam Adani for reasons other than environment safety, the Adanis say green activists are hampering India's progress and job creation in Australia.


Improving BSNL's functioning a priority: Centre

New Delhi, July 21 : The central government Monday said the condition of telecom PSU BSNL "was not very healthy" and it was giving priority to improve its functioning.


OPEC daily basket price closes higher again

Vienna, July 21 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.54 a barrel Friday, against $105.04 last Thursday, according to the OPEC Secretariat.


Sensex gains 137 points; banking stocks surge

Mumbai, July 21 : A benchmark index of Indian equities markets Monday was trading 137.26 points or 0.54 percent up as banking stocks surged.


Asian exports: Will 'decoupling' theory work this time around? (Column: Currency Corner)

By Vatsal Srivastava : During the financial crisis of 2008, there was a prevailing view among asset managers that a sell-off in developed market (DM) equities would not lead to a downturn in emerging market (EM) equities, especially in Asia.


Sensex gains 177 points; oil and gas stocks rally

Mumbai, July 21 : A benchmark index of Indian equities markets Monday was trading 176.65 points or 0.69 percent up as oil and gas stocks surged.


Problem almost solved, happy with government action: Shyam SEL

Kolkata, July 20 : Shyam SEL Power Limited, which had lodged a police complaint alleging threats and extortion demands by criminals affiliated to the ruling Trinamool Congress, Sunday lauded the West Bengal government for taking "proper steps" which has "almost solved the problem".


Indian studio to co-produce Hollywood animated film

Chennai, July 20 : Haricane Studios, a popular Indian VFX and animation company, will collaborate with a leading international production house to co-produce the animated adaptation of "The Town Musicians of Bremen". The joint venture will reportedly cost about $45 million.


India's olive oil imports drop 10 percent in 2013-14

New Delhi, July 20 : India's olive oil imports declined by 10 percent to 10,718 tonnes in the financial year 2013-14 due to a sharp jump in prices in the global markets, according to data released by the industry association.


India's youngest bank Bandhan to empower women, rural folk

By Sujit Chakraborty, Agartala, July 20 : Innovative microfinance company Bandhan will operate as a bank from October next year and focus on empowering women and rural people, says its chairman and managing director Chandra Shekhar Ghosh.


Dell begins accepting virtual currency bitcoin

San Francisco, July 19 : US multinational Dell, the world's third-largest PC manufacturer, said it has begun accepting bitcoin payments for purchases on the company's website, giving a new boost to that digital form of currency.


Baby home monitoring system at toy exhibition

New Delhi, July 19 : An electronic device that can sing a lullaby, detect temperature and even keep an eye on your baby was launched here Saturday at the Toy Biz exhibition.


RIL Q1 net profit up nearly 14 percent

Mumbai, July 19 : Reliance Industries (RIL) Saturday posted a 13.7 percent jump in consolidated net profit for the first quarter of the current fiscal flowing from higher refining margins.


India's forex reserves up $643 mn

Mumbai, July 19 : India's foreign exchange reserves rose by $643.2 million to $317.03 billion for the week ended July 11, Reserve Bank of India (RBI) data showed.


Salary doesn't decide car usage

New York, July 19 : Not just income, but taxes that keep fuel costs high and good roads with ample parking space determine the amount of personal car use for people in developing nations including India, a new study shows.


'Insurance FDI via FIPB reduces regulator's powers'

Chennai, July 19 : The central government's proposal to approve foreign direct investment (FDI) in the insurance sector through the Foreign Investment Promotion Board (FIPB) is seen as clipping the sectoral regulator's wings and also a face saving measure by the BJP, say insurance officials.


Samsung launches 4G variant of Galaxy 5 in India

New Delhi, July 18 : South Korean electronics giant Samsung Friday launched 4G compatible Galaxy S5 smartphones in India priced at Rs.53,500, a company statement said here.


Wipro wins 10-year deal from Canadian firm

Bangalore, July 18 : Indian IT bellwether Wipro Ltd Friday announced winning a 10-year deal from Atco Ltd, a leading Canadian firm, to provide total outsourcing solutions in Canada and Australia.


Toy exhibition aims to fulfil needs of Indian children

New Delhi, July 18 : The 8th business-to-business Toy Biz International kicked off Friday with its organisers stressing they are not competing with Chinese toys, but looking at alternatives to strengthen the industry and provide better quality toys to children.


RInfra posts marginal rise in Q1 net profit

Mumbai, July 18 : Reliance Infrastructure (RInfra) Friday posted a marginal rise in net profit on the back of increased incomes for the first quarter of the current fiscal, at Rs.244 crore over the Rs.240 crore recorded in the same quarter of 2013-14.


Sensex ends 80 points up; bank stocks rise

Mumbai, July 18 : A benchmark index of Indian equities markets Friday rose 80.40 points or 0.31 percent as bank, information technology (IT) stocks gained.


Sensex closes 80 points up; bank and IT stocks gain

Mumbai, July 18 : A benchmark index of Indian equities markets Friday rose 80.40 points or 0.31 percent as bank, information technology stocks gained.