Monnet Ispat & Energy rebounds from 3-month lows on plans to take meas...
Monnet Ispat & Energy, a steel maker, rebounded from 3-month lows on news that the company may sell off stakes in units in a bid to cut down on debt payments. Monnet said it was in talks with larger rival Bhushan Steel to exit its 35 percent stake in Orissa Sponge Iron & Steel Ltd., which... read more »
Toyota to buy 13 mn air-bag inflators from Takata rival
Toyota Motor Corp, in a bid to reduce its risk from potentially lethal air-bag inflators supplied by Takata Corp, will buy millions of them from smaller parts maker Nippon Kayaku Co, people familiar with the matter said. The Japanese carmaker asked the second-tier supplier last month to increase... read more »
Volkswagen India shipments to Mexico cross 1-lakh units
Carmaker Volkswagen India on Wednesday said it has crossed a milestone of exporting one lakh cars to Mexico in less than two years of starting shipments. Volkswagen India shipped its 1,00,000th car built for Mexico today, the company said in a statement. “The production facility of Volkswagen... read more »
Infosys up 1.5%, Aikido to help achieve $20bn revenue
Shares of Infosys gained 1.5 percent intraday Friday in an otherwise weak market. Sharp fall in rupee and launch of three new service offerings on Thursday drove the stock higher. The country’s largest software services exporter launched Aikido, three next-generation services in design... read more »
Lahiri gives up early gains in first round
India’s Anirban Lahiri continued his European journey in style after registering an even par score through 13 holes in the first round of the Scottish Open, here today. Lahiri, 28, one of... read more »
India score 255 runs against Zimbabwe
It’s a feast for a sports lover today as Ind-Zim, Ban-SA, Eng-Aus and Federer vs Murray. A second string Indian side will take on Zimbabwe. It is India’s first assignment after... read more »
Stanford University commends Mukesh Ambani
Stanford University of US has commended Mukesh Ambani for his decade long support to students keen on pursuing higher studies through scholarships. Ambani, who had enrolled at the Stanford... read more »
Rupee at at 63.39
The benchmark BSE Sensex trimmed initial gains and fell by 9 points in late morning trade, dragged down by FMCG sectors, while fresh selling was seen in IT, consumer durables, teck and... read more »
BRICS bank to start lending in local currency by April
The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit... read more »
