Forex reserves down by $810.7 million
The country’s foreign exchange reserves declined by $810.7 million to $318.579 billion for the week ended August 22, on account of drop in foreign currency assets. Last week, the reserves had risen by $43.3 million to $319.39 billion, after falling for two consecutive weeks. Foreign currency... read more »
Hyundai sales down 8% in August
Hyundai Motor India Ltd. (HMIL) on Monday reported 8 per cent decline in total sales at 48,111 units in August 2014. The company had sold 52,319 units in the same month last year, it said in a statement. In the domestic market, Hyundai sold 33,750 units last month as compared to 28,311 units in... read more »
Nokia’s HERE ties up with Samsung
Nokia-owned digital maps company HERE has tied up with Samsung. This will see the launch of the app on Android platform. And, it will remain exclusive for Samsung Galaxy smartphones for the time being. HERE will also be available on smart devices powered by Samsung’s own operating system Tizen,... read more »
GDP up 5.7% to 10-quarter high
Beating expectations, India’s Gross Domestic Product (GDP) grew at 5.7 per cent during April-June, the highest in 10 quarters. Though it came on a low statistical base of 4.7 per cent during April-June 2013, the pick-up signals that the economy is recovering, spurred by a revival in the... read more »
