Mumbai - 18 August 2011 (Reuters): The Indian rupee slid to a more than 6-month low on Thursday, dragged by strong dollar demand from oil importers and weak local shares, with losses in Asian currencies also weighing. At 11:13 a.m. (0543 GMT), the partially convertible rupee was at 45.6150/6

New Delhi - 17 August 2011 (PTI): Bharti Enterprises group firm Beetel Teletech today unveiled its tablet PC -- Beetel Magiq -- priced at Rs 9,999, further heating up the tab market in the country. The Android-based device has a 7-inch screen, 1Ghz Snapdragon processor, 2 mega pixel front an

Mount View, California - 15 August 2011 (AP): Google is buying cell phone makerMotorola Mobilityfor $12.5 billion in cash in what is by far the company's biggest acquisition to date.Google Inc.will pay $40.00 per share, a 63 percent premium to Motorola's closing price on Friday.The companies say the

Mumbai - 10 August 2011: The police on Monday received 100 more complaints against Singapore-based online consumer survey company SpeakAsia, accused of cheating investors of crores by promising them huge returns on their investments. Among the victims who recorded their statements with the police wa

Mumbai - 10 August 2011: Reliance Communications on Tuesday kicked off a price war in the tablet market, with the cheapest 3G model aggresively priced at Rs 12,999. However, the seven-inch, Android tablet, sourced from Chinese telecom major ZTE, is custom-made for the Reliance network. The device

Is the US heading towards another financial crisis? Although it might be a bit early to predict with certainty the future implications of the debt crisis facing the US today, the situation is fluid enough to raise an alarm for theUS governmentas well as foreign investors. Because of the recent finan

Mumbai - 08 August 2011 (PTI): Gold price breached the Rs 25,000/10 gram mark for the first time, as the yellow metal became the safe haven in a global economy rapidly turning stormy. In Mumbai, gold of 99.9 purity surged Rs 460 to Rs 25,230/10 grams while 99.5 purity gold rose by a similar amou

Mumbai - 05 August 2011 (PTI): The investors were left poorer by over Rs 1.33 lakh crore after Friday's stockmarket crash, even as the market managed to recover nearly half of the losses suffered earlier during the day.The plunge in investors' wealth, which is notional in nature and is measured in t

Mumbai - 25 July 2011:Gold futures are likely to extend gains for a fourth week to another peak on concerns about a possible U.S. debt default as the debt ceiling talks in Washington stalled. "We are bullish on Gold and silver due to concerns about breakthrough in the debt deal," said Subhraso

New Delhi - 21 July 2011: Simmtronics Semiconductors has announced its solar-powered desktop computers, which it claims as a world first.Apart from running on solar energy, the PC reportedly consumes less power, thereby reducing its carbon footprint. Moreover, the company promises that its produc

NEW DELHI: TheEnforcement Directorateon Friday slapped a Rs 7,100 crore showcause notice onEtisalat DBfor allegedly violatingForeign Exchange Management Act(FEMA) in what marks the second prong of the multi-agency investigation into the2G scam.The notice, based on details of the investigation into a

CHENNAI: The cadre and supporters of AIADMK were not the only ones cheering when J Jayalalithaa took her oath as chief minister of Tamil Nadu on Monday. Ripples of her victory over rival DMK were also felt in the corporate world where laptop manufacturers,

State Bank of India (SBI), the country's largest, declared its worst quarterly result in over a decade on Tuesday, dragging down the stock markets. The bank's fourth quarter net profit fell 99 per cent to Rs 20.88 crore as against Rs 1,866 crore in the corresponding quarter of 2009-10. With fina

The BSE Sensex dipped 186 points to 18,345 today following the steep rise in petrol prices, fuelling investor concerns that it would fan inflation and lead to further hike in interest rates that have already been hitting corporate margins. Brokers said investors were also apprehensive that diesel

Mumbai, May 13 (PTI) Markets reacted bullishly to the election results in four states and a union territory as the domestic bourses witnessed frantic across the board activities after an overnight fall with the benchmark S&P; CNX Nifty gaining 58 points at the National Stock Exchange (NSE) today. Th

British luxury car maker Aston Martin has officially launched in India its range by inaugurating its first dealership in Mumbai. Aston Martin will commence its presence in India with the new office in Mumbai in partnership with Performance Cars who are dealers for several luxury car makers. The op

NEW DELHI, 28 February 2011 (Reuters): India's finance minister announced on Monday a food security bill for 2011/12, a budget measure that would provide cheap grains for millions of India's poor but which has sparked worries over its huge cost.It was part of a slew of increased social spending in t

AHMEDABAD: A suave customer flashing a Rado watch, gold necklaces and expensive clothes on Thursday walked into a car showroom on SG highway and took off with an Audi Q7 worth around Rs 80 lakh. The showroom officials realised, too late, that the chic demeanour was a ploy and the customer was a th