Business news

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Petrol Price Hike: 5 things to Watch Out For

The announcement of the government to hike petrol price by Rs 7.50 per litre, which will come into effect on Thursday, has not gone down too well with the public and government allies. The Bharatiya Janata Party (BJP) is even planning a nation-wide bandh to demand immediate rollback of the petrol price hike. May 24, 2012
gas-station

Petrol Price Hike In India: Rates Before And After Hike

The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government's allies and oppositions fuming over the issue. May 24, 2012

Reebok Files FIR Against Former Top Employees For Alleged Fraud

Reebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company's money by indulging in fictitious sales, and setting up forged accounts over the past couple of years May 23, 2012
google

Google-Motorola Deal: Sanjay Jha Sidelined, Dennis Woodside is New CEO of Motorola

After acquiring Motorola Mobility Holdings for $12.5 billion, search engine giant Google Inc has named Dennis Woodside, former president of Google's Americas region, as the new CEO of Motorola. Sanjay Jha, former CEO of Motorola, has stepped down, giving way for Dennis Woodside to take up the task of leading the cellphone company. May 23, 2012
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BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks. May 21, 2012
rupee

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said. May 21, 2012
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