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Inflation to range at 3.7 Percent in 2015-16: Report
Inflation is likely to average 3.7 percent in the current fiscal, which is higher than the 2 percent recorded in the last fiscal, a Dun & Bradstreet research report said. "D&B expects WPI (Wholesale Price Index) inflation to edge up…
TVS Motor logs 14 Percent Sales Growth in April
Two- and three-wheeler maker TVS Motor Company Ltd on Saturday said it has logged 14 percent sales growth last month over the corresponding period of 2014. In a statement, the company said it sold 195,937 units last month up from 171,897…
N.R. Mohanty given Additional Charge of NALCO CMD
Bhubaneswar, May 2: Shri N.R. Mohanty, Director (Projects & Technical) of Navratna CPSE, National Aluminium Company Limited (NALCO) has been given additional charge of the Chairman-cum-Managing Director of the company, following the…
FM warns India Inc against Profiting from Liberal Tax Regime
Warning corporates not to take unfair advantage of the liberalised tax environment, Finance Minister Arun Jaitley on Friday said the world is moving towards a more transparent regime that would remove the veil of secrecy from unlawful…
Adani Port’s Net Profit increases by 33 Percent in 2014-15
Indian port developer, Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said its net profit in fiscal 2014-2015 rose by 33 percent at Rs.2,314.33 crore against Rs.1,739.64 crore during 2013-14. The total consolidated income of…
India’s Forex Reserves touch Record High at $345 bn: RBI
India's foreign exchange reserves rose $1.4 billion in the week ended April 24 to touch $344.6 billion, creating a new record, the Reserve Bank of India said on Friday. The rise in exchange reserves was mainly on account of a $1.4 billion…
Maruti Suzuki logs 30 Percent Sales Growth
The country's leading car maker, Maruti Suzuki India Ltd, began the new fiscal on a very positive note by closing April with a 29.6 percent sales growth over the corresponding period of the previous year, the company said.
In a…
Hyundai beings New Fiscal with 2.6 Percent Growth
India's second largest car maker Hyundai Motor India Ltd (HMIL) on Friday said it closed last month with a marginal 2.6 percent sales growth. In a statement, the company said it sold 51,505 units (domestic 36,601 units, exports 12,904…
Non-Subsidised LPG rate cut by Rs.5, Jet Fuel costs hiked
The price of non-subsidised LPG, or cooking gas, was slashed by Rs.5 per cylinder on Friday even as rates of transport fuels, including jet fuel, were raised, following the hardening of international crude oil prices.
The price of…
Foodpanda raises $100 mn led by Goldman Sachs
Online food delivery marketplace Foodpanda on Friday raised an additional $100 million led by Goldman Sachs, a company statement said in New Delhi. Together with the last funding of $110 million in March, Foodpanda has now raised over $310…