[caption id="attachment_38121" align="alignleft" width="630"] RBI intervention helped the rupee to close a tad better at 60.21, showing a fall of 55 paise or 0.92 per cent over Tuesday’s closing level.[/caption] MUMBAI, July 3, 2013 Continuing its downslide for the third straight day, rupee on W

AirAsia India, which is planning to start operations in the country with three planes later this year, today said it will add at least 10 planes annually and was looking at carving out "a new market" here. "The airline is here not to take anybody else's business market share away, but to crea

KOLKATA (TNN) : Telecom players are banking on data or mobile internet to rein in sagging growth in revenues. And they are now looking beyond the metros at tier-I & tier-II cities and rural belts to push data business. On Wednesday, Bharti Airtel slashed its data usage charges by 90% in some

  The sharp fall in the Indian rupee has been a major headline over the last fortnight for the extensive damage such depreciation can do to India's economy. The rupee weakness also hurts the government's image before key elections next year. It also hurts corporates, especially those who

New Delhi: Honda Motorcycle and Scooter India (HMSI) today launched a new scooter, the Activa-I, priced at Rs. 44,200 (ex-showroom, Delhi), its most affordable model in the segment. The gearless scooter powered by a 110cc engine will be available for sale across the market by the end of the m

The rupee on Monday sank by a staggering 110 paise to life-time low of Rs. 58.16 against dollar, making the struggling economy further vulnerable as imports become costlier, inflation risks rise and record high CAD worsens. A confluence of negative factors including heavy dollar demand and sl

INDORE: Indian economy has resilience to overcome its problems, President Pranab Mukherjee said today and asked people not to panic by negative sentiments expressed in certain quarters. "Sometimes we find negative sentiments expressed in certain quarters, but being in economic administration

The rupee breached the 57-mark against the dollar on Thursday, hitting a one-year low but managed to recover due to dollar selling by exporters and some banks towards the end and closed at 56.84, a fresh 11-month level.  Finance Minister P Chidambaram, however, said there was no cause for alarm

MUMBAI: Shares of Infosys ended the day over 4 per cent higher, adding Rs 6,107 crore to its market value, as the IT major recalled its founder N R Narayana Murthy and returned control of the company. After surging 9 per cent in intra-day trade, Infosys scrip finally ended the day at Rs 2,513.9

NEW DELHI: Gold today fell to its lowest level in 21 months and silver hit a 31-month low on heavy sell off by stockists, taking weak cues from overseas. While gold dropped by Rs 330 to Rs 26,370 per 10 grams, matching its price on August 10, 2011, silver prices plunged by Rs 1,530 to Rs 42,170 p

Gold fell for a seventh straight session on Friday as the dollar strengthened and investors cut exposure to the metal, sending holdings in exchange-traded funds to their lowest in four years. Gold has lost nearly 6 per cent of its value in the six sessions through Thursday as stocks gained on the

NEW DELHI: German luxury car maker Mercedes Benz on Thursday launched a premium sports utility vehicle GL-Class priced at Rs 77.5 lakh (ex-showroom Delhi) to strengthen its position in the Indian market. In order to connect better with the Indian customers, the company is also using former te

The BSE Sensex surged 2.5 per cent on Wednesday to its highest close since January 2011 as lenders such as HDFC Bank rallied after the RBI governor said he had taken note of falling inflation, reinforcing bets about future rate cuts. The gains made up for Monday's steep falls, when investors

Car maker General Motors today launched the Enjoy, an MUV, at a starting price of Rs. 5.49 lakh. The vehicle, from the Chevrolet stable, was launched in both petrol and diesel variants. While the petrol variants are priced between Rs. 5.49 lakh and Rs. 6.69 lakh, the diesel variants cost b

Gold continues to slide on weak demand, silver gains MUMBAI: Gold prices dropped further at the domestic bullion market today on the back of subdued demand from stockists and jewellery traders amid poor investment off-take. In contrast, silver gained marginally, finding scattered low-level

MUMBAI: The Central Board of Direct Taxes (CBDT) has widened the scope of e-filing of income tax (I-T ) returns. And one of the changes introduced through a recent notification impacts salaried taxpayers. E-filing of I-T returns is now mandatory for individuals, including salaried taxpayers, ear

SYDNEY: The Bombay Stock Exchange (BSE) has launched an Islamic equity index based on the wide-measure S&P BSE 500 index, providing a new benchmark for Islamic investors in one of the world's largest stock exchanges. The new index comprises the largest 500 companies in the BSE, out of more

NEW DELHI: State-run fuel retailers on Tuesday pared petrol price by Rs 3 a litre, marking the fourth - and the steepest - reduction since December, 2008, on the back of a continuous fall in international oil prices and a strengthening rupee. In Delhi, the fuel would cost Rs 63.09 a litre fro