Foreign exchange reserves had their second consecutive weekly fall, coming down by $1.37 billion to $291.80 billion on the back of a decline in the core currency assets. The reserves had dwindled by $2.19 billion to $293.17 billion in the previous...

Tata Steel reported a 90 per cent drop in consolidated fourth-quarter net profit at Rs.433 crore against Rs.4,176 crore a year ago. The company was impacted because of higher cost of raw materials and less demand for steel in Europe. In the same q...

Air India's domestic market share shrank in April pushing it to the fourth position among all carriers. The April air traffic data released by the Director-General of Civil Aviation (DGCA) showed troubled carrier Kingfisher slipping to the bottom of ...

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...