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Updated: Apr 1, 2015 11:17 AM
Uday Kotak, Executive Vice-Chairman and Managing Director of Kotak Group, announced the news of the merger of ING Vysya Bank with Kotak Mahindra Bank on Twitter. "Happy to share that RBI has approved merger of ING Vysya Bank with Kotak Mahindra Bank eff
Updated: Apr 1, 2015 12:01 PM
Passing on the benefits of drop in international crude oil and product prices, public sector oil marketing companies have cut auto fuel prices. Petrol in Delhi is now cheaper by 49 paise a litre, while diesel is lower by Rs 1.21 a litre.‎ With thi
Updated: Apr 1, 2015 11:17 AM
Car market leader Maruti Suzuki India sold 1,03,719 units in March in the domestic market as compared with 1,02,269 units in the same period last year. In the mini segment (Alto, Wagon R), the company sold 40,159 units during the month as compared with
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11 minutes ago
Russia’s rouble opened little changed on Wednesday, trading flat against the dollar but weakening slightly against the euro, after losing ground against both currencies on Tuesday. At 0709 GMT, the rouble was less than 0.1 per cent weaker against
12 minutes ago
Royal Challengers Bangalore (RCB) will be missing the services of Mitchell Starc for the start of the IPL with the Australia pacer recuperating from a knee niggle after a hectic World Cup campaign for which he was adjudged Man of the Tournament.The Austra
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Gulf stock markets edged down in early trade on Wednesday as oil fell further following the extension of nuclear talks with Iran, and after United Arab Emirates energy firm TAQA booked a big 2014 loss due to oil's slump.Oil futures edged lower in Asian tr
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Automaker Mahindra & Mahindra today reported a 12.44 per cent decline in total sales at 45,212 units in March. It had sold 51,636 units in the same month last year, the company said in a statement today. In domestic market, M&M’s sales w
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Dr Reddy's Laboratories Ltd , India's second-largest drugmaker by sales, said it will buy some established brands of Belgian drugmaker UCB SA in India, Nepal, Sri Lanka and Maldives for 8 billion rupees ($128.38 million).The deal will help Dr Reddy's stre
Markets
Apr 1, 2015 09:18 AM
Indian equity shares were trading near flat as participants preferred to adopt a cautious approach on the first trading session of fiscal 2015-16 ahead of long week-end. Also, weak global cues dampened the trading sentiment. Meanwhile, the growth in eig
Mar 31, 2015 06:10 PM
Ending the financial year on a stronger note, the rupee gained 19 paise on Tuesday to close at 62.49 against the dollar as banks and exporters sold dollars on stable inflows into the domestic equity market. The domestic currency had closed 26 paise weak
Apr 1, 2015 12:45 PM
The government today raised import tariff value on gold to US$ 385 per 10 grams and silver to US$ 543 per kg, taking cues from firm global price trends.During the last fortnight of March, the tariff value on imported gold was US$ 375 per 10 grams and on si
Apr 1, 2015 08:09 AM
Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude into world markets. Talks between Iran and six world powers to settle a dispute around Tehra
Companies
Apr 1, 2015 10:47 AM
L&T has secured an order worth Rs 5,580 crore from NTPC to set up a 1,320-MW greenfield thermal power plant in Khargone district of Madhya Pradesh. The order on engineering, procurement and construction (EPC) basis is for supply, erection and commis
Apr 1, 2015 12:39 PM
Hinduja Group flagship company Ashok Leyland today reported a 24 per cent increase in total sales at 12,754 units for March 2015, as against 10,281 units in the same month last year. Sales for its heavy and medium commercial vehicles increased by 29.91
Apr 1, 2015 10:56 AM
GVK Power & Infrastructure has appointed Santha K John as additional independent woman director of the company for five years from March 31, 2015.
Economy
Apr 1, 2015 10:22 AM
Cotton exports from India, the world's biggest producer and second biggest seller, are expected to fall 41 per cent to a five-year low of 7 million bales this crop year ending September as top buyer China curbs purchases, a government official said.Bulgin
Mar 31, 2015 05:24 PM
Fallout of dip in steel output, lower power generation Growth in eight core industries fell to 1.4 per cent in February, against 6.1 per cent in same month last year. This was lower than the 1.8 per cent growth seen in January. Sharp contraction in
Mar 31, 2015 10:57 PM
India’s short-term external debt stood at $85.6 billion as on December 31 2014, reflecting a 6.7 per cent decline over the end-March level. Short-term debt accounted for 18.5 per cent of the total external debt at end-December 2014 against 20.5 per c
Editorial
Mar 31, 2015 08:24 PM
The differences over the constitution of the Monetary Policy Committee should be ironed out by providing the Centre with a voice and the RBI governor with a veto The Monetary Policy Framework Agreement signed by the Centre and the Reserve Bank of India a
Features
Mar 31, 2015 10:36 PM
India’s first biennial arts extravaganza closes with the promise of more in store in 2016 After being on show for 108 days, and promising to be back in two years, the Kochi-Muziris Biennale, the country’s first contemporary arts festival in t
Mar 30, 2015 09:21 PM
The second-largest city in Tamil Nadu is transforming and is no longer defined by its textile legacy, writes LN Revathy Sundarajan had wanted a peaceful retired life and decided on Chennai as his retirement home. But after a decade in the southern metro
Mar 31, 2015 10:34 PM
PM Modi’s tweet to Team India was re-tweeted more than 20,800 times It is not just the Indian cricket fan who wants his or her team to win against Pakistan in the cricket match, even the celebrities and politicians want it. And when the Indian Prim
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