Vijay Mallya-promoted Kingfisher Airlines owes Rs.269.06 crore income tax and I-T department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha on Friday. Kingfisher Airlines was fo...

Short covering helped markets close higher on Friday. The BSE benchmark rose 82.27 points or 0.51%, to close at 16,152.75 after seeing recovery of more than 300 points from intraday low of 15,809.71. The NSE benchmark fell below the 4800 level to ...

Gold prices regained the crucial level of Rs.29,000 per 10 gram, shooting up by Rs.700 – its biggest single day gain this year -- in the bullion market here on Friday on strong cues from overseas market. Gold gained Rs.700 to Rs.29,320 per ...

The BSE, Sensex traded near the day's low on Friday as Asian stocks extended losses. At 11 am, it was down 250 points at 15,820 while the broader Nifty index traded 77 points lower at 4,793. Markets have come under selling pressure on account of n...

After a gap of around 5 years, state-run telecom company Bharat Sanchar Nigam Limited (BSNL) is set to start its next phase of network expansion and has selected equipment vendor ZTE, Huawei and Alcatel Lucent for adding 14.37 million lines. "We ...

Retail inflation shot up to the double digit mark at 10.32 percent in April on account of substantial increase in vegetable, edible oils and milk prices. Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38 per...

Social networking site, Facebook has announced a price of $ 38 per share for its record-setting initial public offering, which gives the leading social network a market value of $104 billion. The shares will begin trading on Friday under the s...

The BSE benchmark, Sensex dipped below the 16,000 points level in early trade on Friday by losing nearly 232 points on heavy selling by funds and retail investors, tracking weak global markets. The 30-share barometer, which had closed higher ...

Indian benchmark indices, the Sensex and the Nifty, ended the session marginally up due to buying by funds and retail investors in select stocks amid a weak trend in the European markets. European stocks were down as the ECB paused lending to some...

Despite recording increase in income from operations, the net profit of Bajaj Auto nearly halved in the Q4 of last fiscal compared to the same period in the previous fiscal. According to the audited quarterly results, the company earned Rs.4,651.4...