Manufacturing picks up as orders rise - PMI
The pace of growth in India's factory sector inched up in April, supported by bulging order books, but slower output growth and increasing price pressures dampened sentiment, a business survey showed
S&P cuts India outlook to negative; markets hit
Ratings agency Standard & Poor's on Wednesday cut India's outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constrain
2G spectrum price proposals hit telco stocks
The telecoms regulator's proposal for a near 10-fold increase in basic mobile phone spectrum prices and switching of radio spectrum given to older carriers knocked down shares of leading operators on
Maruti stocks up on bets Ertiga model will really see 'LUV'
Maruti Suzuki has plastered India with its 'Live life with LUV (Life Utility Vehicle)' adverts as it promotes its new Ertiga model, and stock investors appear to have responded in kind.
As of Thursda
SpiceJet says approached by Gulf, Asian carriers
SpiceJet has been approached by several Gulf-based and Southeast Asian airlines but will not jump into negotiations before the government reaches a crucial decision on foreign investment, its chief ex
Samsung seen taking cellphone crown from Nokia: Poll
Korea's Samsung Electronics Co Ltd ended Nokia Oyj's 14-year leadership of the global cellphone market in the first quarter of the year, outselling the struggling Finnish handset maker for the first t
Adani raises $1.25 billion refinancing loan: Sources
Adani Ports and Special Economic Zone has raised $1.25 billion in non-recourse funding from a group of Australian and Asian lenders to help refinance a $2 billion bridging loan due in May, four source
Vodafone mulls action after 'unjust' India tax proposal
Vodafone Group Plc is considering a number of courses of action following the government's proposal to retrospectively tax overseas transactions involving local assets, the company said on Friday, cal
Syrian rebels leave embattled Homs stronghold
Most Syrian rebels pulled out of the besieged Baba Amro district of Homs on Thursday after a 26-day siege by President Bashar al-Assad's forces, activists in contact with the fighters said.
They said
ONGC auction debacle batters divestment hopes
The government's failure to sell all of the shares in its $2.5 billion auction of a five per cent stake in Oil and Natural Gas Corp is an embarrassing setback in its effort to revive stock sales and t