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General Motors to hike prices by up to Rs 10,000

"With diesel prices going up on regular intervals, transportation and other logistic costs have gone up significantly. We are left with no option but to pass on the burden partially to consumers," Gen...

Omaxe's 50 lakh share sale via OFS route under-subscribed

Realty firm Omaxe Ltd's offer to sell 50 lakh equity shares worth about Rs 74 crore to promoters was under-subscribed as it received bids for only 67.97 per cent of the shares.

Rupee hits 2013 low on importer demand, weak euro

At 1115 GMT, the rupee was at 55.37/38 versus its Monday close of 55.10/11. It fell to 55.41 during the session, a level last seen on November 29, 2012.

Why Phaneesh Murthy had to quit Infosys

Phaneesh Murthy had to quit Infosys, India's second biggest software services exporter, under controversial circumstances over a decade ago.

Coal: All the jargon you need to know

Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according...

Apple used subsidiaries to dodge billions in taxes: US panel

One of Apple's Irish affiliates reported profits of $30 billion between 2009 and 2012, but because it did not technically belong to any country, it paid no taxes to any government.

Sensex hits 1-week low on profit-taking

The BSE Sensex fell for a second consecutive session on Tuesday to its lowest close in a week as recent outperforming blue chips such as ITC fell ahead of Federal Reserve events that could provide cue...

Competition watchdog starts probe into alleged petrol cartelisation

The Director General, the investigation arm of the Competition Commission of India (CCI), is probing the issue.

Nasscom says sacking Phaneesh Murthy the right decision

Natarajan said the board seems to have done a fairly thorough due diligence before taking the action. "It is a very isolated incident and has no bearing in terms of what implications it has on Indian ...

Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker

The annual survey by industry tracker AsiaHedge, released this week, found that Goldman Sachs remains Asia's top prime broker with 179 clients and total assets under management of $24.6 billion.

Rupee at 4-1/2 month low on weaker shares, dollar demand

The losses came as local shares fell for a second consecutive session, with one state-run bank dealer noting big importer dollar demand from a private refining company.

Vodafone posts biggest fall in service revenue

The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its US arm in one of the world's largest deals, posted a 4.2 per cent fall in organic servic...

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