Business News
Sensex flat in morning trade
A benchmark index for Indian equities markets was muted in Monday morning session even as broader markets nudged up.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,538.52 points, was ruling at 19,616.06 points, up 13.83 points or 0.07…
HDFC Bank profit soars 33 percent in fourth quarter
HDFC Bank, India’s second largest private lender, said Monday its net profit rose 33.23 percent to Rs.1,114.71 crore in the fourth quarter of 2010-11, led by increased earnings from loans.The total income of the bank rose 34.38 percent to Rs.6,724.31 crore in the quarter…
Sensex down 75 points, broader markets flat
Indian equities markets were trading weak Monday morning with a benchmark index down about 75 points and broader market indices ruling flat.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,382.91 points, was ruling at 19,376.02 points — down…
Hero Honda’s March sales up 24 percent
Two-wheeler major Hero Honda Motors Ltd Friday reported a 24 percent rise in its sales for March – its highest-ever – at 515,852 units as compared to 414,638 in the same period last year.“Hero Honda capped 515,852 units in March ‘11 – its highest-ever…
Toyota Kirloskar to raise production by 60,000 units
Car manufacturer Toyota Kirloskar Motor (TKM) Wednesday said it will raise annual production capacity to 210,000 units from the present 150,000 units to end the long wait for its vehicles.TKM has two plants near Bangalore. In the first one manufacturing Innova, Corolla Altis and…
Tata Motors’ global sales up 14 percent in February
Tata Motors Group Tuesday reported an increase of 14 percent in its international sales, which stood at 102,411 units, for the month of February.“Wholesales, including Jaguar-Land Rover, were 102,411 in February 2011, a growth of 14 percent over February 2010,” the company said in…
Nokia E7 touch-and-type phone launched in India
Finnish mobile handset maker Nokia Monday launched in the Indian market its much talked about touch-and-type business smartphone – Nokia E7 – equipped with a four-inch touchscreen display and a slide-out four-row QWERTY keyboard.“Consumers today seek a device that allows them to do a…
India’s inflation up on higher fuel, product prices
Despite assurances from policy-makers, India’s annual rate of inflation rose to 8.31 percent for February from 8.23 percent for the month before due to higher prices of fuels and manufactured products, official data showed Monday.The statistics on the official wholesale price index (WPI) released…
Food inflation dips but milk, vegetables, meat prices still high
India’s annual rate of food inflation declined to 9.52 percent for the week ended Feb 26 from 10.39 percent the earlier week, official data showed Thursday but prices of vegetables, milk, eggs, meat and poultry still remained high.Limited data on the wholesale price index…
Nokia to launch its E7 model in India
Mobile handsets maker Nokia Tuesday said it is all set to launch its much awaited model – Nokia E7 – in the Indian market.“Consumers can get their Nokia E7 by making a pre-order booking by logging on to the company’s website and filling an…
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