The country’s top-10 firms lost over Rs 21,000 crore from their market capitalisation in February, with Reliance Industries (RIL) alone accounting for close to half of the value erosion from the elite club.The valuation of Mukesh Ambani-led RIL dipped below Rs 2,00,000 crore mark af…

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NEW DELHI: Moving closer to merging its refinery subsidiary Reliance Petroleum with itself, Reliance Industries energy major Chevron Corp’s stake in RPL. RIL will buy 22.50 crore equity shares or five per cent of RPL’s equity from Chevron. This will raise its stake in the comp…

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Dow Jones fell 119 points, or 1.7% ending at its lowest close since May 1, 1997. US indices fall to new lows US stocks fell on Friday as latest reports showed that the US economy shrunk at the sharpest pace in 26 years in the fourth quarter of last year. With the government taking a lar…

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An estimated 157,806 non-regular employees in Japan, mainly temporary workers in the manufacturing sector, will lose their jobs between October 2008 and March 2009 amid the recession, a labour ministry survey showed on Friday. …

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The Indian economy has slowed down in no small measure. The third-quarter gross domestic product (GDP) grew at 5.3% compared to 8.9% during the same quarter last year while the GDP growth for the previous quarter stood at 7.6%. The Indian economy has registered its slowest growth since Ma…

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MUMBAI: SEBI has turned down Natco Pharma’s request to give cash to employees who are ready to forgo their entitlement of stock options. The origin of the case goes back to 2004 when Natco Pharma granted six lakh stock options to its employees at Rs 10 per share. …

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MUMBAI: Promoter groups have pledged more than 90% of their holdings in 27 companies, shows an ETIG study based on disclosures made by 467 listed firms. Well-known listed companies in this category include Kirloskar Electric, JP Hydropower, ERA Infra Engineering and Micro Inks. …

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KRChoksey has maintained its reduce rating on Ranbaxy Laboratories with a price target of Rs 168 in its February 25, 2009 research report. “The US Food and drug Administration (USFDA) has announced that it has stopped reviewing drug from the facility owned by Ranbaxy, an Indian drug…

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Inflation declined to about a 15-month low of 3.36 per cent mainly due to fall in the prices food articles like fruit and vegetables, pulses, and some manufactured items, raising hopes of cuts in the key policy rates by the RBI. …

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New Delhi: Tata Motors on Thursday, said it will launch Nano, touted as the world’s cheapest family car, on March 23 in Mumbai and bookings will start from April this year. The car was unveiled at the auto expo in Delhi in January 2008 and a function on March 23 would mark the car&…

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