Ashok Leyland JV manufacturing factory inaugurated in UAE

Hero Group to buy entire stake of Honda

Breaking a 26-year old joint venture, the Munjals-promoted, Hero Group on Thursday said that, as part of a new licensing agreement, it will buy the entire 26 per cent stake of its Japanese partner, Honda, in the Hero Honda company, for an undisclosed amount. The Hero Group, and Honda, presently hold...

Sensex recovers; Closes 217 points up

The Sensex at the Bombay Stock Exchange closed with a good gain of 217 points, or 1.1 percent, at 19,865, on Thursday, after the Reserve Bank kept its short-term lending and borrowing rates unchanged, but reduced the Statutory Liquidity Ratio. The Nifty at the National Stock Exchange rose 56 points,...

Food inflation up by 0.86 percent

Food inflation rose by 0.86 percent point to 9.46 per cent for the week ended December 4 on account of higher prices of rice, vegetables, milk and fruits. It stood at 8.60 per cent in the previous week. This is the second consecutive week in which food inflation has increased. While prices of rice r...

Sensex opens high but loses early gains

The Sensex at the Bombay Stock Exchange gained 66 points, or 0.3 per cent, to 19,713, in early trade, today, ahead of the RBI's monetary policy review. After the Reserve Bank's policy announcement, the Sensex witnessed volatility, and after surrendering all its initial gains, stood...

Sensex opens high but loses early gains

The Bombay Stock Exchange benchmark Sensex gained over 65 points in early trade today. However, it lost its initial gains and was trading at 19,654 up by over 6 points when reports last came in. Analysts said investors and funds made selective purchases ahead of the RBI's monetary policy re...

Rupee down by 16 paise against dollar

The Indian rupee fell by 16 paise to 45.56 rupees against the US dollar in early trade today. It closed 45.40 rupee against the greenback in the previous session. Dealers said rupee depreciated due to dollar's gains against other major currencies.

Sensex opens 65 points up in early trade

The Bombay Stock Exchange benchmark Sensex gained over 65 points in early trade today. However, it lost its initial gains and was trading at 19,654 up by over 6 points when reports last came in. Analysts said investors and funds made selective purchases ahead of the RBI's monetary policy re...

Oil prices fall in Asian trade

Oil prices fell in Asian trade today. New York's light sweet crude lost seven cents to 88.55 dollars a barrel and Brent North Sea crude fell eight cents to 92.12 dollars per barrel. Dealers said the fall in oil prices is due to a huge decline in US crude inventories.

India-Indonesia bilateral trade to touch US$ 12 bn by Dec end

Trade between India and Indonesia is expected to touch 12 billion US Dollars by end of this month. Commerce Minister Anand Sharma and his Indonesian counterpart Elka Pengestu held discussions on Expanding trade basket between the two countries in New Delhi on Wednesday. India-Indonesia trade was clo...