New Delhi: Kotak Mahindra Bank today decided to acquire mid-sized lender ING Vysya Bank in an all-share transaction to strengthen its position ahead of entry of new players.The Uday Kotak run bank said the consolidation
Mumbai: Mobile messenger service WhatsApp's user base in India has grown to 70 million active-users, which is over a 10th of its global users, its business head Neeraj Arora said today."We have 70 million active-users
New Delhi, Aug 2: Within days of RBI's quarterly review of monetary policy, State Bank of India (SBI) today cut interest rate on fixed deposit of over 5 years by 0.25 per cent to 8.50
New Delhi, Aug 1: India today decided to allow foreign direct investment from Pakistan in a move to boost bilateral economic relations.“The government of India has reviewed the policy...and decided to permit a citizen of
Mumbai, Jul 20: Reliance Industries today reported 21 per cent drop in net profit in the April-June quarter at Rs 4,473 crore because of falling output at its showpiece gas field off the Andhra coast.Net
Mumbai, June 6: The rupee today appreciated by 11 paise to 55.53 against the US dollar in early trade on the Interbank Foreign Exchange, following a higher opening on the stock market amid selling of
Mumbai, June 3: The specifications for revised version of the world's cheapest tablet PC - Aakash 2 will be finalised by month-end, Union Telecom and HRD Minister Kapil Sibal has said.“During the course of this
Mumbai, May 18: Premier, the makers of the now-discontinued but still popular Premier Padmini cars which still dot the city roads, yesterday said it will raise production of its compact SUV Rio by over threefold
Mumbai, May 11: The rupee today declined by 21 paise to complete six straight weeks of losses—the longest losing streak since the global financial meltdown in 2008-- after a disappointing factory output in March fueled
New Delhi, May 11: In fields along a northern Indian highway, mountains of grain have turned black with mildew after getting soaked in the rain.The millions of tons of wheat rotting because India ran out
Mumbai, Apr 27: Microsoft India yesterday bagged the Randstad Award 2012 for the ‘most attractive employer' in the country for the second consecutive year followed by Oracle India and Tata Consultancy Services.The Randstad Award 2012
New Delhi, Apr 24: India TV today announced the appointment of Gulab Makhija as its Chief Financial Officer.Makhija will be responsible for financial Management and Control Systems in the company's growth plan.Prior to joining India
New Delhi, Apr 24: India TV today announced the appointment of Gulab Makhija as its Chief Financial Officer.Makhija will be responsible for financial Management and Control Systems in the company's growth plan.Prior to joining India
Mumbai, Apr 17: After a gap of three years, Reserve Bank Governor D Subbarao today slashed short term lending rate by 0.50 per cent to 8 per cent, a move that will reduce the cost
Mumbai, Apr 15: Two days after the government gave green signal to a turnaround plan of Air India, the cash-strapped national carrier invited merchant bankers to raise working capital loans up to USD 1 billion
New Delhi, Apr 15: The first of the twenty-seven Boeing 787 Dreamliners ordered by Air India would be inducted in late May, as over 30 pilots are set to begin training to fly the new
Mumbai, Apr 13: The rupee today rose by 28 paise to 51.30/31 against the American currency on fresh dollar selling by exporters and renewed capital inflows even as stock markets witnessed hectic selling.At the Interbank
Mumbai, Apr 13: Disappointing growth outlook by IT bellwether Infosys for this fiscal amid uncertain global economic environment pulled down the BSE Sensex today by 238 points to 2-week low of 17,094.51.Investors sold bluechips amid
New Delhi, Apr 12: In a bid to turn around ailing Air India, Government today unveiled a restructuring plan with a Rs.30,000 crore equity infusion over a nine-year period and also hiving off its engineering
Kolkata, Apr 5: Turnover of eastern region of heavy engineering public-sector unit BHEL increased 24 per cent at Rs 2,700 crore during the financial year 2011-12, a company official said.“The eastern region of BHEL achieved
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