State-owned carrier Air India understated losses – CAG
NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor said in a report, highlighting the carrier’s financial distress. ... read more »
India’s Avenue Supermarts IPO oversubscribed 106 times
MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »
India’s industrial output up 2.7 percent in January
NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »
Volkswagen, Tata Motors plan to cooperate in India
NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and beyond. ... read more »
Larsen & Toubro Bags Orders Worth Rs. 1,563 Crore in July
New Delhi: Larsen & Toubro (L&T) on Tuesday said power transmission and distribution business of L&T Construction has bagged orders worth Rs. 1,563 crore in July and... read more »
Sensex, Nifty see relief rally; rupee gains 50 paise
Oil bounced back from heavy losses today but global oversupply and worries over the severity of the economic slowdown in China, the world’s top commodity consumer, kept prices near... read more »
China stocks sink over 7 per cent as panic selling intensifies
SHANGHAI: China stocks slumped more than 7 percent on Tuesday to their lowest level since December, with panic selling intensifying after the flagship Shanghai Composite Index crashed... read more »
Cannot believe son is a terrorist: French train gunman’s father
The father of a suspected Islamist militant gunman overpowered by passengers, inluding three US citizens, on a high-speed train in France was quoted on Monday, saying he could not believe... read more »
Bodies of climbers found after 21 years
Three frozen bodies that have been found on Ecuador’s highest peak may be the remains of French climbers who disappeared in an avalanche 20 years ago, officials said yesterday. The victims... read more »
