Business News

Ambani siblings' war intensified on Saturday with the younger Ambani's (Anil) group warning to retaliate in case Mukesh-led Reliance Industries goes legal with its claim on the potential multi-billion dollar amalgamation deal that the former is pursuing with South African telecom giant MTN.

Terming runaway inflation, which has touched seven-year high of 8.75 per cent, as a "worrying" factor, Finance Minister P Chidambaram on Friday said the government was confident of bringing down the price rise.

Are Indian banks green and acting ethically about the environment? Not quite, according to research conducted by a British university.

Top six Indian IT companies - Satyam, Wipro, Infosys, TCS, Cognizant and HCL Technologies have outpaced market with strong growth rates.

Electronic bike maker Hero Electric plans an overseas acquisition of a motor and controller components maker in electronic vehicle segment "We are in talks with three or four foreign companies, which are in the field of motor and controller parts, for the purpose of acquisition.

Domestic passenger car sales rose by 14.26 per cent in May to 1,10,743 units from 96,923 units in the same month last year.

As the alarm over soaring oil prices and losses on Wall Street sent markets tumbling across Asia today - the Bombay Stock Exchange benchmark Sensex tanked over 500 points, at one stage dipping even below 15,000 points before ending the day at 15,066 - Prime Minister Manmohan Singh again pitched for the Indo-US nuclear deal, saying the country does not have the "luxury" of limiting energy options a

Opposing the entry of FDI in retail, senior BJP leader Murli Monohar Joshi on Monday said that regulations should be framed for the big domestic capital coming to the sector.

India's wholesale price index rose 8.24 per cent in the 12 months to May 24, above the previous week's annual rise of 8.1 per cent, government data showed on Friday.

State-run oil firms on Thursday raised price of LPG for use in vehicles by almost a rupee per litre, a day after raising domestic LPG prices by Rs 50 per cylinder.

The Congress on Wednesday justified the Government's decision to increase petroleum prices, saying minimum possible burden has been put on the common man.

The Government agreed to raise its petrol and diesel prices by about 10 per cent on Wednesday, more than expected, curbing losses at its state-owned refiners but stoking inflation and risking a political backlash.

The government has reached a decision about fuel prices but the details will only be announced later in the day, possibly at a noon news conference, a cabinet minister said on Wednesday.

India will be able to sustain high economic growth despite challenges, Prime Minister Manmohan Singh said on Monday, and the government's aim was to contain inflationary expectations without hurting expansion.

With political parties including the Left opposing hike in fuel prices, Prime Minister Manmohan Singh on Monday warned government is not in a position to fully insulate the consumers from the impact of rising oil prices.

Mumbai's realty market, which in recent years witnessed an astronomical price increase bringing it in the league of the world's most expensive cites, is finally taking a beating.

Mumbai's realty market, which in recent years witnessed an astronomical price increase bringing it in the league of the world's most expensive cites, is finally taking a beating.

Unperturbed by the 45-month high 8.1 per cent inflation, economists are confident that it would come down to six to 6.5 per cent in three to four months period, bringing relief to the common man.

A decision on raising retail fuel prices and partly compensating revenue losses of oil firms will be taken by Saturday, even as Prime Minister Manmohan Singh on Thursday assessed the problems caused by the spike in crude prices.

The government is likely to take a decision on Thursday on raising fuel prices and compensation package for the oil PSUs.