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Sensex down 37 points

The Sensex lost over 37 points in opening trade on Monday as funds and retail investor adopted a careful wait-and-watch strategy in the absence of positive cues. The 30-share Bombay Stock Exchange (BSE) barometer, which fell 56.28 points in the previous...

India achieves 241 mn tonne foodgrain production in FY11

Prime Minister Manmohan Singh today said the country has achieved a record food grain production of 241 million tonne (MT) in 2010-11 crop year but stressed on usher in a second Green rebellion to meet the rising future domestic food grain demands. “Production...

Tata Group to launch Rs.32,000-house

// After its Rs. 1 lakh car ‘Nano’, the Tata Group is all set to launch a house for nearly Rs. 32,000 aimed at rural market by the end of next year. At present, the housing project is in the pilot stage in 30 locations increase across...

Bajaj Auto Q1 net up 20.5% at Rs 711 cr

// Bajaj Auto Ltd has reported a 20.48 per cent jump in standalone net profit for the first quarter ended June 30, 2011 to Rs 711.06 crore. The company had post a net profit of Rs 590.15 crore during the matching quarter last fiscal, Bajaj Auto Ltd...

Oil prices falls below $95 after weak US jobs report

// Oil prices fell below $95 a barrel Monday in Asia amid signs the U.S. economy is struggling. Benchmark oil for August release was down $1.33 to $94.87 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange....

Maruti stops Swift production

India’s largest carmaker Maruti has ended the manufacture of its highly selling premium hatchback Swift, to make way for the next generation Swift, which will be launched in late August or early September. Dealers have started accepting bookings...

India Rupee opens higher

MUMBAI: The Indian rupee commence slightly higher on Tuesday, 2011 June 14 in line with most of the regional currencies after the home unit dropped to its lowest level in a week yesterday. The local currency opened higher by mere 2 paisa at Rs...

Sonny Ericsson adding its own Android Market helping Xperia

Good news for all the Sony Ericsson mobile phone users. Soon you will be noticing various apps that have specially been planned for your handset in a separate section of the Android Market app store, as declared by the company. This brand is going...

Oil near $110 as 2011 crude demand seen rising

Oil prices bounced back to near $110 a barrel Tuesday, as a key report confirmed global demand growth in 2011 while warning that rising costs may be cutting into the world’s appetite for crude. By early afternoon in Europe, benchmark crude...

Cairn extends Vedanta deal deadline to May 20

Cairn Energy and Vedanta Resources on Thursday extended the deadline for a $9.6 billion deal for Cairn’s India assets, reflecting optimism the deal will get done a day after the government deferred a decision. Both companies have extended the...
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