Buoyant growth continued unabated in the passenger car and commercial vehicle segments, with sales (including exports) of the country’s leading automobile makers rising 20.6 per cent in September to 290,252 units, compared to 240,656 units in the month last year. The leading car makers…

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Mumbai: In a late development, capital market regulator Securities and Exchange Board of India (Sebi) on Thursday declared 197 foreign institutional investors (FIIs) and 342 sub-accounts as non-compliant entities. Funds of ABN AMRO Bank, Standard Chartered and Bank of New york are among t…

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The practice of companies planting reports in the media ahead of initial public offers (IPOs) has come under the scanner of the Securities and Exchange Board of India (Sebi). It has asked investment bankers to stop issuers from leaking information that is not included in the draft prospec…

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Regulators shut small banks in Florida, Washington to bring US bank failures this year to 127 WASHINGTON (AP) — Regulators on Friday shut down small banks in Florida and Washington state, bringing to 127 the number of U.S. bank failures this year on a wave of loan defaults and econ…

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India seems to be the worst affected nation online, with over three-quarters of Indian web surfers having fallen victim to cybercrimes, including computer viruses, online credit card fraud and identity theft, security solutions provider Symantec said. According to a study titled ‘N…

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Drug maker Aanjaneya Lifecare Ltd plans to tap the capital market for raising funds to finance its expansion projects and has filed the draft papers with the Sebi for its IPO. The Mumbai-based company is also considering a pre-IPO placement of up to Rs 30 crore with certain investors, as…

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RIL & Oberois to have equal shares, post-rights. Reliance Industries Ltd (RIL) and the Oberoi family will increase their shareholding in East India Hotels by buying the unsubscribed portion of a Rs 1,300-crore rights issue, which was cleared by the hotel major’s board today. EIH h…

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ORTIN LABORATORIES LIMITED, established in the year 1986 as a Private Limited Company with a nominal capital of One lakh rupees to offer QUALITY Drugs and Medicines to the suffering mankind. Later, in the year 1994, this Private Limited Company converted as a Public Limited Company. …

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Promoted Electrosteel Castings Limited (ECL), Electrosteel Steels Limited (ESL) plans to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand. ECL, the promoter company, manufactures Cast Iron pipes and Ductile Iron Spun Pipes with four manufacturing faciliti…

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Jeannine Aversa, AP Economics Writer, On Tuesday September 21, 2010, 2:55 pm WASHINGTON (AP) — The Federal Reserve signaled Tuesday that it is worried about the weakness of the recovery and is ready to take further steps to boost the economy if needed. Fed officials said they are…

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