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Monthly News August 2015

Royal Enfield announces entry into Indon...

Royal Enfield announces entry into Indonesian market

Royal Enfield, the two-wheeler division of Eicher Motors , on Monday announced its entry into the Indonesian market, with plans to commence retail operations in the Southeast Asian country in the coming months. The company announced its future plans for Indonesia, the third largest two-wheeler... read more »

Indian Oil stake sale floor price set at...

Indian Oil stake sale floor price set at Rs 387 a share

The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at 387 rupees each, the company said, a two percent discount from Friday’s close. At the floor price, the 10 percent stake sale in the company will bring in 93.96 billion rupees (USD 1.4... read more »

Gold surges by Rs.480 to reclaim Rs.27,0...

Gold surges by Rs.480 to reclaim Rs.27,000 mark

New Delhi: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to Rs.27,000 mark on Friday. After registering a decline recently, prices shot up by Rs.480 to touch Rs.27,180 at the bullion market. Silver also... read more »

Sensex crashes 1,500 pts: Rs 7 lakh cr w...

Sensex crashes 1,500 pts: Rs 7 lakh cr wealth wiped out, but it is still a ...

India’s benchmark Sensex took a major pounding on the Dalal Street in early Monday trade, crashing more than 1,000 points, but stock market experts are not painting any bleak picture for local equities yet and instead see steady growth prospects and weak global commodity prices to aid sharp... read more »

Monnet Ispat & Energy rebounds from 3-month lows on plans to take measures to cut dow...

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... 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,... read more »

Volkswagen unveils five-year investment plan to become world’s leading carmaker by 2018

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... 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... read more »

Ashwani Lohani is a railway man and tourism veteran; can he pull ...

New Delhi: Ashwani Lohani has been featured in the Limca Book of Records in 2007 for holding four different engineering degrees. With his appointment as the chairman and managing director of Air... read more »