The country's largest car maker Maruti Suzuki India today said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation.
The company is at present engaged in contract farming in seven states, including West Bangal, Punjab and Karnataka.
BPO service provider Firstsource Solutions today said it has repaid $237 million (about Rs 1,291 crore) worth foreign currency convertible bonds.
Diversified group Piramal Enterprises's subsidiary Decision Resources Group has acquired UK-based integrated market access service provider Abacus International for an undisclosed sum.
Drug maker Wockhardt today said it expects the US and European markets to continue to be its mainstay in the coming years while it seeks to enhance R&D capabilities and focus on introducing new advanced therapies.
The estimation of land value was done on August 10, 2011, based on land rates as per state government notifications.
The country's largest car maker Maruti Suzuki India (MSI) today reported 12.45 percent increase in its total sales at 1,03,200 units in November.
The Maldives cabinet has decided to terminate the contract given to India's infrastructure major GMR for developing Male Airport and a notice to this effect has been issued to the entity
WASHINGTON (Reuters) - The Obama administration said on Tuesday that China's currency remained "significantly undervalued," but stopped short of labeling the world's second-biggest economy a currency manipulator. Although Beijing controls the pace at which the yuan can rise, the U.S. Treasury said in a congressionally mandated semi-annual report that China did not meet the legal requirements to be deemed a currency manipulator
Cost-plus basis means cost of importing coal by Coal India plus additional charges.
Wind turbine manufacturer Suzlon Group has bagged contracts for 39.9 MW projects from Gujarat State Fertilizers and Chemicals Ltd and Bharat Electronics.
US-based iconic cult bike maker Harley Davidson is targeting smaller towns in India as it looks to enhance presence in the country.
The Power Ministry and the sector's planning body Central Electricity Authority may be required to consult power generation utilities for signing Fuel Supply Agreements (FSAs) with Coal India.
Reliance Life Insurance Company (RLIC) today said it has hired around 200 women insurance advisors for its distribution channel and plans to scale up the recruitment in the next few months.
SAIL's inventories started piling up during the monsoon and the ongoing festive season to around one million tonne due to lower demand from consumer goods, additional capacity build up and increased imports.
Indian drugs maker Cipla Limited has offered to buy a about a 51% stake in South Africa's Cipla Medpro, to strengthen its position in the fast-growing African drugs market.<br /><br /> <br /><br /> The Indian firm has offered 8.55 rand per share, Cipla Medpro said in a statement on Wednesday. The price represents an 11% premium on Cipla Medpro's closing share price on Tuesday. That makes the deal worth around $220 million.<br /><br /> <br /><br /> <br /><br /> <br /><br /> Also Read<br /><br /> <br /><br /> Related Stories <br /><br /> <br /><br /> News Now <br /><br /> - Cipla gains on acquisition plan of Cipla Medpro<br /><br /> - RTI offers roundabout route to India Inc info<br /><br /> - Wkly Tech Analysis: Nifty may drop to 5,470<br /><br /> - Nifty may drop to 5,470<br /><br /> - The ride will not be easy<br /><br /> - Short-term bias seems negative<br /><br /> Shares of Cipla Medpro, South Africa's No.3 drug maker, surged 8.58% to 8.35 rand on the news.<br /><br /> <br /><br /> Cipla supplies the bulk of Cipla Medpro's drugs through a longstanding supply agreement. However, the two have never had a capital alliance.<br /><br /> <br /><br /> The agreement was spearheaded by Cipla Medpro's founder and former chief executive, Jerome Smith, who quit last month following charges of "gross misconduct" for approving pay rises and bonsues for himself with board approval.<br /><br /> There had been some speculation in the market that Smith's departure could impact Cipla Medpro's relationship with the Indian company.
Auto major Mahindra and Mahindra today said it was "cautiously optimistic" on total sales this fiscal even as it has clocked a growth rate of 21 percent so far.
The IRCTC, a public sector enterprise, also said that it was getting about 5,000 each telephone calls and e-mails were being received everyday.
Based on the industry-standard Microsoft platform for ERP functions, the 'India in a Box' solution supports the international accounting standards committee and complies with Indian GAAP
Medical equipment maker Opto Circuits India today posted 3.98 percent decline in consolidated net profit to Rs 116.23 crore for the second quarter ended September 30, 2012.
Mahindra & Mahindra today said it will increase the production capacity of its compact sports utility vehicle Quanto by 40 percent to 3,500 units per month from January next year.
Debt-laden Suzlon Energy today posted a consolidated net loss of Rs 807.74 crore for the quarter ended September, as adverse market conditions and capital allocation issues pushed the wind turbine maker into the red.
Realty firm Housing Development and Infrastructure Ltd (HDIL) today reported over 5 percent decline in consolidated net profit at Rs 140.55 crore for the quarter ended September 30 due to lower sales.
Hinduja Group flagship firm Ashok Leyland today said it will invest up to Rs 1,300 crore on various activities and plans to reduce its overall debt by Rs 300 crore by the end of this fiscal.
Automakers sold 172,459 cars in October, up 23.1 percent from a year earlier, the first rise in three months
Passenger earnings during April-October period were Rs 18,017.12 crore compared to Rs 16,305.84 crore during the same period last year.
FMCG firm Nestle today opened its first research and development centre in India to further its understanding of Indian consumers and to provide scientific and technological expertise to rest of its global business.
The objective of the parks is to provide the industry world-class infrastructure facilities for setting up their textiles units.
Sun Pharmaceutical Industries reported a 46.5 percent drop in quarterly net profit after it set aside Rs 584 crore towards a possible compensation in a patent dispute case related to drug Protonix.
The company had reported a net profit of Rs 26.54 crore in the year-ago period. Total revenues for the quarter grew by 37.81 percent to Rs 273.02 crore from Rs 198.10 crore