Petrol prices up by Rs 1.82 per litre from midnight, second hike in two months State-owned oil companies on Thursday have increased the prices of petrol by Rs 1.82 per litre starting midnight. Earlier, the petroleum ministry said it is up to the oil companies to decide on raising the rates of the deregulated commodity. [...]
Reliance Industries ( RIL) plans to invest up to USD 2.338 billion to produce about 15 million standard cubic metres per day of gas from the R-Series gas field in its eastern offshore KG-D6 block. The Dhirubhai-34 discovery, known as the R-Series field, has gross in-place gas reserves of 1.64 trillion cubic feet, which, according [...]
It’s Diwali again and traders are busy gearing up for the customary ‘Muhurat trading’, a tradition unique to India where markets open for a short while in the evening on the day the country celebrates the festival of lights. Indian markets open each year to let traders make the auspicious Muhurat trade as the ring [...]
Indian equity benchmarks erased most of its gains accumulated yesterday following a further fall in Asian markets. Shanghai and Hang Seng fell 2% each while Kospi and Taiwan lost 1.5% each; Nikkei and Straits Times were down 1%. The 50-share NSE Nifty shed 94 points to 5,045.55 and the 30-share BSE Sensex fell 304 points [...]
Tablets war in India now reached to new Hight. After Airtel Tablet then now The Telecom subsidiary of Mukesh Ambani owned Reliance Industries Limited, Infotel Broadband aims at spreading a4G revolution in India. By early next year, they plan to offer high speed data services on reasonably priced tablets. Mid 2012, they intend to scale [...]
Tata Motors on Tuesday celebrated the silver jubilee of its highly successful commercial vehicle, the Tata 407. Launched in 1986, Tata 407 has sold over 5 lakh units since its launch. Addressing the media, P. M. Telang, Managing Director-India Operations, said, “Tata 407 was among the first, cutting across industries, to have demonstrated the supremacy [...]
Shares of Reliance-Anil Dhirubhai Ambani Group (R-ADAG) companies gained over 2% on Monday on reports that the Central Bureau of Investigation (CBI) has given a clean chit to its group chairman, Anil Ambani, related to the 2G spectrum allocation case. "The CBI, which had said that it was still probing the role of R-ADAG Chairman, [...]
Indian markets were witnessing selling pressure in line with other peers as concerns over eurozone debt crisis after Greece said it would miss the target set by the IMF and EU spooked sentiments. All the sectoral indices were in the negative territory with metals, realty and banks leading the decline. According to analysts, the market [...]
Shares of Reliance Capital soared over 5% in late morning trade after the company announced plans of value unlocking in its general insurance business. Speaking at the company’s annual general meeting, Anil Ambani said the group is in advance stage of discussions to sell stake in Reliance Capital AMC to Nippon. "Our strategy is now [...]
The India unit of Honda Motor Co. Tuesday introduced the Brio, its second hatchback in India, in a move to expand in the most popular vehicle segment in Asia’s third-biggest automobile market. Priced between 395,000 rupees ($8,000) and 510,000 rupees ($10,330) at showrooms in New Delhi, the car — powered by a 1.2 liter gasoline [...]
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