Business India News
Chennai, Aug 1 : In order to widen its customer base and expand reach, GlaxoSmithKline Consumer Healthcare Ltd (GSKCH) will targeting urban slums and the rural areas for its flagship brand Horlicks drink, a senior company official said Friday.
By Vatsal Srivastava : Indian benchmark equity indices ended sharply lower with a cut of more than 1.5 percent Friday (Aug 1) afternoon. The sell-off was on the back on solely global cues, particularly the confusion over the US Federal Reserve's QE exit strategy, the strength in the US Dollar Index and the uptick in US 10-year yields.
New Delhi, Aug 1 : Automobile manufacturer Mahindra & Mahindra Friday reported a four percent decrease in monthly sales for last month at 35,567 units from 37,096 units during July 2013.
New Delhi, Aug 1 : Two-wheeler manufacturer Hero MotoCorp Friday reported a nine percent growth in sales last month at 529,862 units from 487,545 units from the like period last year.
New Delhi, Aug 1 : General Motors India Friday reported a 27.32 percent decline in sales for the last month which stood at 4,726 units from 6,503 units sold in the corresponding period last year.
Vienna, Aug 1 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood $1.64 cheaper at $103.57 a barrel Thursday, against $105.21 Wednesday, according to the OPEC Secretariat.
New Delhi, Aug 1 : Indo-Japanese automobile company Toyota Kirloskar Motor (TKM) Friday reported a 4.30 percent decline in sales for last month which stood at 13,847 units from 14,470 units sold in July 2013.
Mumbai, Aug 1 : A benchmark index of Indian equities markets Friday was trading 102.90 points or 0.40 percent down as capital goods stocks plunged.
Chennai, Aug 1 : Automobile manufacturer Hyundai Motor India Friday reported a fall of 1.4 percent in its sales for July at 48,010 units from 48,704 units in the corresponding month of last year.
New Delhi, Aug 1 : India's largest passenger car manufacturer Maruti Suzuki Friday reported a healthy sales growth of 21.7 percent in total sales, including exports, for July at 101,380 units.
Seoul, Aug 1 : Samsung Electronics will launch two new high-end smartphones in next six months.
Mumbai, Aug 1 : A benchmark index of Indian equities markets Friday was trading 174.54 points or 0.67 percent down as banking stocks plunged.
Chennai, July 31 : City-based medical technology company Cura Healthcare has turned acquisitive to enter the ultrasound equipment segment by buying diagnostic imaging company DE Healthcare, said a top company official.
Hyderabad, July 31 : Apex industry body Associated Chambers of Commerce and Industry of India (Assocham) has suggested to the Telangana government to take growth outside Hyderabad by building infrastructure in other parts of the state.
New Delhi, July 31 : Petrol price was Thursday lowered by Rs.1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 50 paise a litre.
New Delhi, July 31 : India's fiscal deficit during the first quarter (April-June) of 2014-15 touched Rs.2.97 lakh crore ($49.2 billion), or 56.1 percent of the full-year target, government data showed here Thursday.
New Delhi, July 31 : Automobile manufacturer Suzuki Motor Corporation's chairman and chief executive Osamu Suzuki called on Prime Minister Narendra Modi Thursday.
New Delhi, July 31 : Eight core industries such as coal, electricity, crude oil, cement and steel, grew 7.3 percent in June this year, compared to 1.2 percent during the corresponding month of last year, official data showed Thursday.
New Delhi, July 31 : Samsung Electronics Thursday launched three new sub-Rs.10,000 smartphones in India, a company statement said here.
New Delhi, July 31 : Star comedian Kapil Sharma features in a unique avatar of an unused juicer in a kitchen, for a new television campaign for online classifieds platform OLX.in.
New Delhi, July 31 : The government decision to hike the FDI cap to 49 percent in the insurance sector will inject "volatility and vulnerability of the deregulated financial system" into India, the CPI-M has said.
Mumbai, July 31 : Anxiety over easing of interest rate by the Reserve Bank of India early next month weighed heavy on Indian equities markets Thursday as a benchmark index closed nearly 200 points in the red.
Vienna, July 31 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.21 a barrel Wednesday, against $105.44 Tuesday, according to the OPEC Secretariat.
New Delhi, July 31 : Government support to solar equipment manufacturers will lead to improved energy security, job creation and huge foreign exchange savings for the country, according to a report Thursday by consultants KPMG.
Mumbai, July 31 : Anxiety over easing of interest rate by the Reserve Bank of India early next month weighed heavy on Indian equities markets Thursday as a benchmark index closed nearly 200 points down.
New Delhi, July 31 : India and the US Thursday identified areas where the two countries can start immediate collaboration, which include investment, cluster-related initiatives, Investment Summit and identification of projects.
New Delhi, July 31 : Are you plump and want to shop online?. Try an e-commerce site with a variety of choices for such ladies thereby giving them a reason to smile.
New Delhi, July 31 : India's largest passenger car manufacturer Maruti Suzuki Thursday reported a 20.7 percent rise in net profit for the first quarter of the current fiscal to Rs.762.3 crore from Rs.631.60 crore over the corresponding quarter of previous financial year.
New Delhi, July 31 : Software services company HCL Technologies Thursday posted a 53.7 percent rise in consolidated net profit for the fourth quarter (April-June) of the fiscal (2013-14), a company statement said here Thursday.
Washington, July 31 : The more averse, or fearful, of losing money an investor is, the lower his or her willingness seems to be for taking risks in the stock market, says a study.
Ahmedabad, July 31 : Cliantha Research, an Ahmedabad-based lifesciences company with a global outreach, has acquired Karmic Lifesciences, a Mumbai-headquartered contract research organisation.
Mumbai, July 31 : Anxiety over the Reserve Bank of India's ability to ease interest rates early next month weighed heavy on Indian equities markets Thursday as a benchmark index was trading flat in the morning session.
New Delhi, July 30 : A woman, who calls the shots in office, cooks for her husband who is also her junior at the workplace. Is that thought "demoralising" or "sexist"?
New Delhi, July 30 : Data networking and telecommunications equipment company Nokia Networks India won 12 key deals with top operators in the first half of the year, the company said here Wednesday.
Bangalore, July 30 : Investors of Infosys Ltd. Wednesday approved a special resolution appointing Vishal Sikka as new chief executive and managing director from Aug 1 at the company's extraordinary general meeting here.
Mumbai, July 30 : A benchmark index of Indian equities markets Wednesday closed trade 96.19 points or 0.37 percent up, even as capital goods stocks plunged, snapping two days of decline.
Bhubaneswar, July 30 : Vedanta's plan to expand six-fold the capacity of its one-million-tonne per annum alumina refinery in Odisha got a boost Wednesday when a majority of the local villagers supported it, an official said.
Mumbai, July 30 : Registering gains after two days of fall, a benchmark index of Indian equities markets Wednesday closed trade 96.19 points or 0.37 percent up, even as capital goods stocks plunged.
New Delhi, July 30 : The Supreme Court Wednesday directed Suptertech builders to refund by Aug 30 the principal amount to 53 allottees of its residential blocks in Noida that were ordered to be demolished by the Allahabad High Court for not complying with building laws.
Kolkata, July 30 : Diversified conglomerate ITC will be foraying into dairy and beverages segments, its chairman Y.C. Deveshwar said here Wednesday.
Mumbai, July 30 : A benchmark index of Indian equities markets Wednesday was trading 106.42 points or 0.41 percent down as capital goods stocks plunged.
Kolkata, July 30 : Asserting that the policy of limitless repatriation of royalty payments to overseas holding companies leads to an outflow of nearly Rs.40,000 crore ($6.6 billion), ITC Chairman Y.C. Deveshwar has called for a change in the royalty policy.
New Delhi, July 30 : Amazon plans to invest an additional $2 billion in India to support its rapid growth and continue to enhance the customer and seller experience in the country, a company statement said here Wednesday.
By Gyanendra Kumar Keshri, New Delhi, July 30 : One of the five associate banks of the country's top lender, the State Bank of India (SBI), is set to merge with the parent this fiscal. State Bank of Patiala is the most likely suitor, a top banker has said.
By Vishal Gulati, Shimla, July 30 : Big, crunchy and luscious apples from Himachal Pradesh are tastier this time, but they are going to pinch your wallet more.
New Delhi, July 29 : Japanese conglomerate Mitsubishi Corporation's president and CEO Ken Kobayashi Tuesday met Prime Minister Narendra Modi, an official statement said here.
Washington, July 29 : A new research has come up with a method that automatically identifies the warning signs on search data on Google before subsequent stock market crashes.
Bangalore, July 29 : India's largest e-commerce market player Flipkart Tuesday announced it had raised a whopping $1 billion (Rs.6,015 crore) in fresh capital from global venture funds.
New Delhi, July 29 : Telecom service provider Bharti Airtel's net profit shot up 61 percent for the first quarter (April to June) of 2014-15, a company statement said here Tuesday.
Mumbai, July 29 : Fast moving consumer goods (FMCG) major ITC Tuesday reported a rise of 15.6 percent in its net profit for the first quarter of the current fiscal which stood at Rs.2,186.39 crore from Rs.1,891.33 crore in the corresponding quarter of last fiscal.
New Delhi, July 29 : Prime Minister Narendra Modi Tuesday urged agricultural scientists to work towards the twin objective of increasing food productivity and enabling farmers to earn a good livelihood.
New Delhi, July 29 : Defending itself, budget passenger airline SpiceJet Tuesday cited technical snag for flight delay that led to stranding of 172 passengers of Mumbai-Delhi flight SG-419 for around five hours June 16.
Washington, July 29 : By looking at specific topics people search for on internet, Google can tell you if the stock market is headed for a crash or not.
New Delhi, July 29 : Keep leather shoes away from your sight, focus on grip and go for easy to maintain footwear when it is raining cats and dogs.
Washington, July 29 : Samsung Electronics will delay the release of its first smartphone running the new Tizen operating system (OS), reports said.
New Delhi, July 29 : The number of app downloads in India is expected to grow from 1.56 billion per annum in 2012 to 9 billion by 2015, says a new study.
Bangalore, July 28 : US multinational General Electric's (GE) financial arm Monday announced it has invested an unspecified amount in three wind projects of Atria Power from the $1 billion fund it budgets annually for renewable energy projects worldwide.
Mumbai, July 28 : A benchmark index of Indian equities markets plunged 135.52 points or 0.52 percent Monday as metal stocks dipped.
New Delhi, July 28 : The Adani Group was Monday accorded approval by the Australian government for its $16.5 billion Carmichael coal mine project in central Queensland.
London, July 28 : If you are packing your bags for your next holiday, add different shades of jelly sandals and kimonos as they will not only keep you comfortable, but will also add glamour to your wardrobe.