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Industry News

Govt returns RIL's bank guarantee for new gas price

RIL had, last week, furnished a bank guarantee to avail of the new gas price

Air India likely to join Star Alliance by July

Formed in 1997, Star Alliance is a consortium of 26 airlines

Bharti Airtel to cut discounts on call rates

The company may also look at raising its headline tariff to offset rising input costs

SC appoints third arbitrator in RIL gas dispute case

Australia's Justice McHugh to chair the proceedings, Justice V.N. Khare and S.P.Barucha other two arbitrators

RIL asks govt to implement new gas price on May 13

Last month, the Election Commission had asked the government to defer announcing the new rates

Madras High Court asks Nokia to pay Rs.240 crore of tax

It is 10 percent of the Tamil Nadu government's tax claim of around Rs.2,400 crore

Nokia names Indian-origin Rajeev Suri as new CEO

Siilasmaa would continue as chairman; Suri would take office May 1

Air India starts upgrade scheme

Economy class passengers can get upgraded to executive class on payment of a fixed minimum amount

Honda launches 125 cc automatic variant of Activa scooter

Priced between Rs.52,456 and Rs.58,196, the two-wheeler gives mileage of 59 km per litre

RComm inks pact with Tata Tele, Aircel for 3G services

Reliance customers can now avail affordable 3G data services across the country while roaming

'Industry expectations from new government at 20-year high'

The expectations range from revival of economic growth to fixing inflation and bringing down interest rates

Hindustan Unilever Q4 profit rises 10.78 percent

The share price of HUL closes 0.02 percent down at Rs.580.60 at the BSE

Maruti Suzuki profit slumps 35 percent on lower sales

The company’s share price declines 1.35 percent to Rs.1,956.05 at the Bombay Stock Exchange

L&T wins $740 mn contract from Qatar Railways

The work involves designing and building the rail line for the Doha Metro project

69 percent cyber attacks targeted at large companies in India

India ranks as the third highest source of overall malicious activity, a report says

Bharti Infratel's fourth quarter net up 64 percent

The revenue of the Telecom tower provider company grow by 4 percent to Rs.2,790 crore

RIL raises $550 mn from Japanese banks

The 12-year loan will part finance the proposed expansion of RIL's petrochemical plants

Pay outstanding salaries to pilots: HC to Kingfisher

The private airline has been grounded since October 2012

Reliance Industries sees net profit of Rs.21,984 crore in 2013-14

Company said higher prices accounted for 7.7 percent growth in revenue

Wipro ups IT revenue forecast for first quarter

The IT company has reported net profit of Rs.2,230 crore for Q4 registering 41 percent increase YoY


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