Business Fwire News - Page 3
Maruti Suzuki India reports increase in October sales
Country's largest carmaker Maruti Suzuki India (MSI) reported 1.91 per cent increase in total sales for October at 1,05,087 units as against 1,03,108 in the October last year.
SpiceJet to expand international reach next year
The carrier is starting a Bangalore-Bangkok direct flight from Friday.
JPMorgan settlement could cost bank close to $9 bn
JPMorgan Chase & Co's preliminary $13 billion mortgage settlement with the US government could end up costing the bank as little as $9 billion after taxes, because the majority of the deal is expected to be tax deductible, two sources said.
Citi India posts loan growth of 7.4% at $7.1 bn in Q3
Meanwhile, Citigroup's allowance for loan losses stood at $20.6 billion in September quarter.
Airtel, Idea, Vodafone hike mobile internet rates
The companies did not specify the date or time from when these rates were changed.
India's struggling sugar mills seek solace in ethanol
Mills were supplying ethanol at around Rs 38 per litre in the latest tender, with imported gasoline costing Rs 46 per litre.
Kingfisher Strong wins Asia's best strong beer award
United Breweries Limited on Thursday said its beer brand Kingfisher Strong has been recognised as 'Asia's Best Strong Lager Beer' at the prestigious World Beer Awards- 2013 held in UK recently.
Oil spill: ONGC fixes leaky pipeline off Mumbai coast
The leak was plugged by morning and ONGC teams were using chemicals to control the small quantity of oil floating on the sea surface.
Indian Oil sole bidder for Haldia Petrochemicals
RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
After metros, burrp! to launch in 41 cities across India
The new cities where the website will be launched are mostly tourist destinations.
Lupin launches generic ophthalmic solution in US market
Drug major Lupin today said it has launched the generic version of Allergan Inc's Zymaxid Ophthalmic Solution in the US market with 180 days of marketing exclusivity.<br /><br />
Survey: Employment in Britain's manufacturing sector at its peak
The British manufacturing sector continued to expand during September with employment surging to a 28-month peak, said a market sensitive report.
15 kg gold, Rs 3 lakhs robbed from finance company office in Nashik
The five men entered the Manappuram Gold Loan office in a busy locality on Nashik road last evening and first disconnected the CCTVs, telephone lines and siren while holding the staff at gun point.
Now, IKEA to sell solar panels for homes
Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide.
CIC questions Civil Aviation Min on international routes to airlines
The Central Information Commission has directed the Civil Aviation Ministry to disclose reasons for allotting international routes to Indian operators.
Philanthropy can't be forced: Azim Premji on mandatory CSR
Referring to the issue related to Corporate Social Responsibility (CSR), which has been made mandatory by the new laws that govern companies, IT czar Azim Premji today said philanthropy cannot be forced and it has to be spontaneous.
Telenor India says it has broken even in two more zones
Telenor's Indian unit has achieved breakeven in two more telecommunication zones it operates in, the unit's chief executive Yogesh Malik said on Thursday.
Asia-Pacific to need 200,000 pilots, technicians: Boeing
Leading the region in projected demand for new pilots and technicians is China with 77,400 pilots and 93,900 technicians.
ONGC approves $560 mn Rajasthan investment plan
ONGC, which holds the remaining 30 percent interest in the block, did extensive studies before approving of the EOR investment plan.
SAIL mulls cost optimisation to save Rs 5,000 cr
SAIL's expenditure stood at Rs 42,541 crore in 2011-12. It was almost at similar levels in 2012-13 fiscal.
PowerGrid mulls $4 bn annual capex for five years
A PowerGrid official said the company plans to spend almost $4 billion every year for the next five years and has "already placed orders for Rs 80,000 crore worth of projects".
Wipro, Qatar Airways launch IT solutions for aviation sector
In September 2012, Wipro entered into a strategic partnership with Qatar Airways.
Airtel set to enter Bangladesh, wins 3G spectrum bid
Airtel won bids for 5 megahertz of spectrum each at a price of $105 million.
Coal India to set up 16 washeries: Centre
The coal ministry had earlier stated that CIL will set up 20 new washeries with a combined capacity of 111 million tonnes.
Delay in supply hits Tripura gas-based thermal power project
Tripura has taken up the matter with ONGC and the Centre for expeditious supply of natural gas to the Monarchak plant, the Neepco official said.
Canara Bank to charge Rs 60 year for SMS alerts
Among other state-owned banks, IDBI Bank, State Bank of Patiala and Vijaya Bank also charge customers for sending SMS alerts.
Dutch consultants suggest Navi Mumbai airport on manmade island
The Dutch company is a global provider of planning, design and engineering services to airports.
MSMEs need regulatory push to enter formal sector: secretary
Madhav Lal noted that the informal segment of MSMEs has actually been growing at a rate which is five to eight times faster than the formal segment.