Monday, 1 April 2013

Fiscal, current account deficits major challenges: Chidambaram

Fiscal, current account deficits major challenges: Chidambaram

Fiscal, current account deficits major challenges: Chidambaram

Asserting that India has to sort many internal issues, Finance Minister P Chidambaram today said containing fiscal deficit, current account deficit and inflation are big challenges that country is facing currently. However, he maintained that the problems were ...
Petrol price down by 85 paise per litre

Petrol price down by 85 paise per litre

Petrol price was today cut by 85 paise per litre with effect from midnight tonight, the second reduction in rates in two weeks. The price cut, which was made possible because of fall in international oil prices, is excluding local sales tax or VAT. After including ...
Novartis loses landmark India patent case on Glivec

Novartis loses landmark India patent case on Glivec

By Kaustubh Kulkarni and Suchitra Mohanty. MUMBAI/NEW DELHI | Mon Apr 1, 2013 5:21pm IST. MUMBAI/NEW DELHI (Reuters) - The Supreme Court dismissed Swiss drugmaker Novartis AG's (NOVN.VX) attempt to win patent protection for its cancer drug ...
Tata Motors sales down 27.6% in March

Tata Motors sales down 27.6% in March

Tata Motors today reported 27.59 per cent decline in its total vehicle sales at 72,712 units for March 2013. The company had sold 1,00,414 units in the same month last year. For the entire 2012-13 financial year, Tata Motors' total sales went down by 10.66 per ...
Hero MotoCorp total sales drop 11 per cent in March

Hero MotoCorp total sales drop 11 per cent in March

New Delhi: Total sales of Hero MotoCorp declined 11.36 per cent at 4,68,283 units in March, the country's largest two-wheeler maker said in a statement on Monday. The company had sold 5,28,290 units in the same month last year, it said. For the entire ...
Centre may hike dearness allowance to 80% tomorrow

Centre may hike dearness allowance to 80% tomorrow

Union Cabinet is likely to approve tomorrow a proposal to increase dearness allowance (DA) to 80 per cent from existing 72 per cent benefiting about 50 lakh employees and 30 lakh pensioners of the central government. "The Union Cabinet may consider the ...
Sensex ends first day of new fiscal year on a positive note, up 29 points

Sensex ends first day of new fiscal year on a positive note, up 29 points

MUMBAI: The BSE benchmark Sensex on Monday closed 29 points higher in the first trading session of fiscal year 2013-14 supported by buying in blue-chip stocks such as Dr Reddy's, Infosys and RIL. The index moved between 18,959.48 and 18,796.60 ...
Low base of IIP may help it grow in February

Low base of IIP may help it grow in February

In what could have an adverse impact on industrial growth for February, eight core sectors output contracted 2.5% for the month against 3.1% growth in January. The base in the February of the previous year was too high at 7.7%, but the fall could not be ...