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July 2, 2010 12:53 PM
Toyota has announced it will recall 270,000 cars worldwide because of an engine fault. A Toyota spokesman said the recall included seven luxury Lexus models and the popular Toyota Crown. The latest quality problem follows the recall of more than 8 million vehicles which had problems with sticking ac...
July 2, 2010 10:47 AM
The Indian rupee appreciated by 1 paise to 46.57 a dollar in early trade today on the back of fresh capital inflows by foreign funds. The domestic currency had closed 14 paise lower at 46.59 in yesterday's session. Forex dealers said the rupee strengthened against the US currency largely on...
July 2, 2010 9:57 AM
The Sensex recovered by nearly 82 points in opening trade today on emergence of buying by foreign funds in blue-chips, driven by recovery on Asian bourses. The 30-share index, which had lost 192 points in the previous session, bounced back by 82 points, or 0.46 per cent, to 17,591 points. All the se...
July 1, 2010 9:03 PM
Food inflation declined by a whopping 3.98 percentage points to 12.92 percent for the third week of June, as the rate of price rise in cereals and vegetables showed a remarkable drop due to high base effect. However, a number of essential items like pulses, fruits and milk remained quite expensive f...
July 1, 2010 9:03 PM
Reserve Bank of India today condemned the policy of protectionism for facing the global recession. The Deputy governor general of RBI Subir Gokarn, today published an RBI report, named, The Indian Economy and Global Recession. He said that global recession has not largely affected the Indian Economy...
July 1, 2010 9:02 PM
The Sensex at the Bombay Stock Exchange declined 192 points, or 1.1 percent, to 17,509, today, amid weak global markets. The Nifty at the National Stock Exchange fell 61 points, or 1.2 percent, to 5,251. Global markets also lost ground, with the bourses in Japan, China, South Korea and Singapore los...
July 1, 2010 6:12 PM
The world's largest automaker Toyota has warned of an engine fault worldwide in eight models of its luxury Lexus and Crown sedans, potentially requiring a recall that could affect up to 270,000 units. Toyota spokesman Hideto Yukawa said the defective engines, whose valve springs are not wor...
July 1, 2010 6:01 PM
The Reserve Bank of India has called for formulating a calibrated exit policy to strike a balance between growth and inflation. The Prime Minister Dr. Manmohan Singh echoed similar sentiments at the recently concluded G20 summit in Toronto. The apex bank says that in the post-crisis scenario in its ...
July 1, 2010 5:57 PM
The Sensex at the Bombay Stock Exchange declined 192 points, or 1.1 percent, to 17,509, today, amid weak global markets. The Nifty at the National Stock Exchange fell 61 points, or 1.2 percent, to 5,251. Global markets also lost ground, with the bourses in Japan, China, South Korea and Singapore los...
July 1, 2010 2:48 PM
The Sensex at the Bombay Stock Exchange fell 172 points, or 1 per cent, to 17,529, in opening trade, today, amid weak global markets. Remaining subdued, the Sensex stood 187 points, or 1.1 percent in the red, at 17,514, a short while ago. Global markets also lost ground, after Chinese manufacturing ...
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