Business
Rupee weakens past 57 against dollar, closes in on record low
The rupee was trading at 57.06 to the dollar at 1:39 pm, marking its lowest level since late June 2012, when the currency hit a record low of 57.32.
Sensex ends in red as rupee weakness weighs
Investors continued to take a defensive approach, buying shares of IT, pharma and FMCG companies.
Kingfisher employees launch hunger strike
KFA CEO Sanjay Agarwal was also at the airlines headquarters, trying to persuade the employees to end the agitation, sources said.
British-Indian businessman buys Austrian bank
London-based Kanoria, 49, is the brother of Hemant Kanoria, chairman of Indian group SREI Infrastructure Finance Limited.
Three senior Kingfisher Airlines executives quit
Meanwhile, a section of Kingfisher Airlines pilots are set to revive their agitation over non-payment of salaries.
Rupee hits 11-month low at 56.47 per $
Dealers say the Reserve Bank of India governor's comment on Thursday, that inflation still remained high, weighs.
Tata Motors Q4 net down 37 pc; JLR boosts numbers
A 21 per cent spike in sales in China helped the marquee brand Jaguar Land Rover report a 17 per cent year-on-year growth.
Petrol price to be hiked by Re 1 from June 1: Sources
Sources say that the increase will be by Re 1 per litre, making it the first petrol hike in 3 months.
Future Group to have over 1,000 convenient stores in 2 years
Currently, the company has 100 franchisee-based convenient stores in Delhi and 200 stores throughout Delhi, Bangalore and Mumbai.
Infosys to challenge new tax demand of $ 105.3 million
The demand relates to certain tax benefits on income from software development done overseas and revenue from special economic zones in India.
Chidambaram seeks enhanced bilateral trade with Qatar
Chidambaram discussed cooperation in various areas including investments, banking and finance, energy, aviation, travel and tourism.
'Indians more willing to share personal info than others'
According to a report, 72 pc of respondents from India said they would provide more personal information to simplify management of finances compared to 56 pc participants agreeing globally.
'RBI, SEBI should create awareness against ponzi schemes'
The West Bengal based Saradha Group has been accused of duping investors of their savings running into thousands of crores of rupees.
HSBC may cut 14,000 more jobs as revenue faces pressure
The bank said employee numbers could fall to between 240,000 and 250,000 by 2016, from 254,000 when current disposals and announced cuts take effect.
Tata Communications to delist from NYSE
The company issued a statement saying its decision to delist was the result of 'several factors'.
Gold falls to three-week lows on stronger dollar
Gold has fallen more than 14 per cent so far in 2013 after gaining for the past 12 years.
