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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Koutons Retail India was frozen at the 20% lower circuit at Rs. 172.70 at 09:05 IST on BSE, extending Wednesday’s 20% plunge, on reports a credit rating agency has suspended its ratings assigned to the retailer citing absence of requisite information. Meanwhile, the BSE Sensex was…

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Mahindra Satyam (formerly Satyam Computer) today reported a consolidated loss of Rs 124.60 crore for year ended March 2010, a far better show from the previous fiscal when it had plunged into a deep crisis after founder B Ramalinga Raju admitted to multi-crore rupee scam. Helped by a sha…

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Says international foray’s contribution will increase top line 12% Gurgaon-based low-cost carrier SpiceJet said today it would double its current 22-plane fleet by the end of 2013. It also said the projected contribution from its international operations, which the airline would commen…

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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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Emami Ltd, the owner of Zandu Balm, today said its copyright infringement dispute with the production company of Salman Khan starer Dabangg had been amicably settled between the two parties. Subsequently, the company will be using the chartbuster Munni Badnaam for its promotional campaig…

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