Business news

CEO Stole $7 Million from Company to Fund Luxury Lifestyle; Where Did He Spend All the Money?

The former CEO of a London-based training company has been slapped with a lawsuit for embezzling more than $7 million from the firm to fund his luxury lifestyle.

Apr 1, 2014

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Maruti Suzuki India Posts 5.5 Percent Decline in March Sales

Maruti Suzuki, country's largest car maker posted 5.5 per cent decline in total sales for the month of March.

Apr 1, 2014

Tata Nano Plus Spied Testing in India Again; Hints at Imminent Launch

Tata, the maker of the world's cheapest car Nano is believed to be getting ready for yet another launch in the country. Tata's much rumoured Nano Plus has been spied testing in India again, suggesting the imminent launch of the car in the domestic market.

Apr 1, 2014

RBI Credit Policy: Repo rate unchanged at 8%, reverse repo rate at 7%, CRR unchanged at 4%

Mumbai, April 01 (ANI): The Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday held a press conference on the RBI credit policy wherein he held the Repo rate steady at 8 per cent, reverse repo rate at 7%, and CRR unchanged at 4% in line with expectations of the stock market.

Apr 1, 2014

Ford EcoSport Becomes India's Most Awarded Car

American auto Major Ford's much acclaimed SUV EcoSport has been crowned as the most awarded car in India.

Apr 1, 2014

BSE closes points 50.39 up on March 31

New Delhi, March 31 (ANI): Trading at the Bombay Stock Exchange today closed 50.39 points up to stand at 222390.36. At the National Stock Exchange the Nifty closed 6.55 points up to stand at 6702.45. Unitech and Suzlon Energy were among the top gainers of Group A with an increase of 15.39% and 12.03% along with SAIL and Hindalco with an increase of 10.05% and 8.75% respectively, while the top losers of Group A include ONGC and IDFC with a decrease of 2.99% and 2.91% along with Dr Reddys Lab and Bajaj Holdings with a decrease of 2.52% and 2.32% at the close of the markets. The Auto sector is up 127.76 points at 13,255.29 while the banking sector is down 12.70 points at 14,572.46 and the realty sector is up 40.44 points at 1,468.4. The Indian currency is up 0.66% at Rs 59.91 per dollar.

Mar 31, 2014

Sensex hits all time high for third session, market expert says political scenario responsible

Mumbai, March 31 (ANI): The Sensex hits fresh all time high for a third consecutive session on the back of strong dollar inflows and positive neighboring countries. Reacting on the same, Market Expert Sunil Shah said that the political scenario in the country and the expectations from the apparent upcoming NDA government post general elections. Shah said that FII is providing liquidity and a major amount of money is coming out from Russia which is finding its destination in India because of similar expectations by the next government.

Mar 31, 2014

Musharraf's supporters demand his release to visit ailing mother in Pakistan

Karachi, March 31 (ANI): Dozens of supporters of former president of Pakistan, Pervez Musharraf staged protest in Karachi demanding his release to visit his sick mother in Sharjah hospital a day ahead of his appearance in a court in treason case. 95-year-old Zarin Musharraf, mother of the former military ruler, was admitted to the WW Wilson Hospital in Sharjah on Saturday. Musharraf has been summoned to a Special Court set up to try him in a treason case for imposing emergency in the country in 2007. Holding placards, the protesters chanted slogans supporting the former ruler. They held flags of Musharraf's All Pakistan Muslim League party who had organised the demonstration.

Mar 31, 2014

Yamaha Alpha Scooter Set to Reach 14,000 Mark In India

Yamaha's recently launched Alpha scooter booking is set to touch 14,000 marks in India by the end of March 2014.

Mar 29, 2014

Honda Activa 125 Tipped to Debut in April; Price, Feature, Booking Details

Honda Motorcycle & Scooter India (HMSI) is reportedly getting ready to launch its latest offering from the Activa series- Activa 125 in April 2014, claims a new report.

Mar 29, 2014

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Maruti Suzuki Developing New 1.0L Turbo Petrol Engine to Power YRA Hatchback

Maruti Suzuki, the country's largest car maker is reportedly developing a new petrol engine, which will first power the company's upcoming YRA hatchback, claims a new report.

Mar 28, 2014

BSE closes points 125.60 up on March 28

New Delhi, March 28 (ANI): Trading at the Bombay Stock Exchange today closed 125.60 points up to stand at 22,339.97. At the National Stock Exchange the Nifty closed 54.15 points up to stand at 6,695.90. Adani Power and Union Bank were among the top gainers of Group A with an increase of 16.63% and 9.31% along with Oriental Bank and NHPC with an increase of 8.99% and 7.76% respectively, while the top losers of Group A include South Indian Bank and Bharti Infratel with a decrease of 4.48% and 3.19% along with Aurobindo Pharma and Sun TV Network with a decrease of 2.12% and 1.84% at the close of the markets. The Auto sector is up 21.58 points at 13,133.0 while the banking sector is up 189.96 points at 14,604.11 and the realty sector is up 23.39 points at 1,428.69. The Indian currency is up 0.60% at Rs 59.95 per dollar.

Mar 28, 2014

Toyota to Launch Next Gen Etios at Auto Expo 2016: Report

The next generation Toyota Etios is likely to make its debut at the Auto Expo 2016, claims a new report.

Mar 28, 2014

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Bajaj Pulsar 150NS Returns in Fresh Spy Shots; Upcoming Bajaj Bikes in 2014

Images of Bajaj's upcoming Pulsar 150NS have hit the web once again, suggesting that the bike could make its way into the Indian two-wheeler market in the near future.

Mar 28, 2014

BSE closes points 105.13 up on March 27

New Delhi, March 27 (ANI): Trading at the Bombay Stock Exchange today closed 105.13 points up to stand at 22,200.43. At the National Stock Exchange the Nifty closed 40.35 points up to stand at 6,641.75. HDIL and JPINFRATEC were among the top gainers of Group A with an increase of 10.16% and 6.01% along with IDFC and Motherson Sumi with an increase of 5.82% and 5.75% respectively, while the top losers of Group A include MRF and Divis Lab with a decrease of 3.28% and 3.17% along with Zee Entertainment Enterprises Ltd. and Suzlon Energy with a decrease of 2.33% and 2.24% at the close of the markets. The Auto sector is up 74.03 points at 13,117.89 while the banking sector is up 83.32 points at 14,391.32 and the realty sector is up 16.58 points at 1,407.15. The Indian currency is down 0.05% at Rs 60.17 per dollar.

Mar 27, 2014