Maruti Suzuki India on Tuesday became the first Indian automobile company to produce one million cars in a year.
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
The company had approached banks with a CDR request for about Rs 1,700 crore. However, according to company sources, the banks felt that Maytas must shed the flab, which includes dilution of stake in the Bangalore elevated tollway to raise funds before the CDR is granted. It has also been reportedly told that it should disengage from various projects which it cannot take forward.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Scientists saw a spacecraft slamming into the moon's south pole at 9,000 kmph kicking up a 10-km-high shower of debris that NASA hopes will confirm the presence of enough water necessary to supply future visits by astronauts.
The managers see Sensex trading at a P/E of 16.
'Cases are increasing, day by day, because testing has increased.'
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
Rights of toll collection in 96 toll plazas on highways under the National Highways Authority of India will be offered to the private sector.
The wholesale price of apple grown in Himachal Pradesh has declined to Rs 1,000-1,100 a box of 20 kg this year, against Rs 1,600-1,700 a box last year.
The Japanese government warned the people in northern Japan to prepare for a potential incoming missile from Pyongyang.
The average monthly collection of Mahavitaran during the current financial year was about Rs 1,700 crore (Rs 17 billion). However, in January, it would be less by around Rs 150 crore, said a Mahavitran official.
Ramon Calderon resigned as president of Spanish champions Real Madrid on Friday after an emergency board meeting at the Bernabeu, Spanish media have reported.
Authorities had clamped curfew in all the ten districts in the Valley for the first time in 13 years after the protests in the tense Kashmir region spread in escalating violence that left another 12 people dead in firing on Tuesday by security forces, taking the death toll to 18.
The FIR also said chairman of New Development Bank K V Kamath, Goldman Sachs India chairman Sonjoy Chatterjee, Standard Chartered Bank CEO Zarin Daruwala, Tata Capital head Rajiv Sabharwal and Tata Capital senior advisor Homi Khusrokhan need to be investigated.
The deadly virus, which has killed over 5,000 people globally, has spread to 46 of the 50 US states.
Norwich Union Life CEO Mark Hodges said that the firm has made significant progress in improving its operational efficiency and is nearing completion on a series of major projects, which would result in the reduction of the number of roles in a business. Aviva has a significant presence in India and has a joint venture with healthcare products maker Dabur. In the life insurance joint venture in India, Aviva has a 26 per cent stake while the rest is held by Dabur.
A consignment of 1700 tonnes of food and relief material from India reached Colombo as part of humanitarian aid for thousands of civilian Tamils caught in the war between the LTTE and the island nation's Army, officials said on Sunday.
By financial year 2024-25, Morgan Stanley expects per capita income to rise 125 per cent to $3,650.
The two iconic brands are also developing hybrid engines for use in future models of JLR. Two British marquee had made a loss of over Rs 1,777.35 crore or Rs 17.77 billion (before interest, exceptional items and tax) in 2008-09 due to global meltdown, while the income from JLR sales stood at Rs 39,270.70 crore (Rs 392.7 billion). It had laid off over 2,200 staff.
With recession threat looming large, Indian corporate houses may be forced to rethink their projects, which have been stalled following problems in land acquisitions, industry analysts said.
The trading timing would be from 0900 to 1700 hours from Monday to Friday, the exchange statement said. The Securities and Exchange Board of India Chairman, C B Bhave, will inaugurate the currency derivatives at MCX-SX on Monday, but the trading will commence only the next day, it said.
Andrei Arshavin, a target of English Premier League side Arsenal, is in London on Monday with Sky Sports News showing pictures of the Russian forward at a snow-bound hotel north of the city.
The Allapuzza the police found that nearly 1,700 girls were trapped in sex rackets. Many of them were exploited due to their poor financial background and some were threatened and blackmailed into the trade. Vicky Nanjappa reports
The research firm also expects sales growth of Indian companies in the quarter under consideration to remain muted. According to the CMIE, sales growth is expected to fall to 20 per cent from 34 per cent in the quarter ending September 2008.
The uproar against outsourcing work to Indian IT service providers has risen once again as Nielsen Co, the media company which signed a $1.2-billion outsourcing deal with Indian IT services provider Tata Consultancy Services last October and is facing strong criticism for announcing it, would lay off 117 workers this month at its largest global technology centre in Oldsmar, Florida. It has 1,700 employees at this facility.
The yellow metal witnessed some token buying but failed to take off on Dhanteras, a day considered auspicious for buying gold, silver and other valuables and is largely celebrated in North and West India.
During recession, consumers tend to vouch for safer choices, and that is where Nokia can build its brand during the downturn, says D Shivakumar, MD and VP-markets, Nokia India.
The Cullinan's exterior is completely customisable, and hence you get to choose exactly how your it should look. The hand-built interior offers immaculate precision and makes you feel exclusive, as every Rolls-Royce does. Driving this vehicle is a breeze, and the gearbox functions like it does not exist.
The eruption of Kilauea volcano has sent lava flowing into residential areas on Hawaii's Big Island, with residents ordered to abandon their homes. Hundreds of small earthquakes preceded the eruption. Here are glimpses of the eruption and the aftermath.
Curfew in riot-hit Dhule was relaxed for a longer period today and schools as well as educational institutes opened a week after violence broke out in this North Maharashtra town over tearing of a banner.
The CRPF bagged the lion's share -- Rs 1,698 crore. It got Rs 7,208.18 crore this year against Rs 5,510.10 crore in 2008-09. The BSF, entrusted the task of keeping vigil along the LoC in Jammu and Kashmir and the country's 6,622 km borders with Pakistan, Bangladesh and Myanmar, got Rs 1,156.23 crore more compared to last year's Rs 5,376.99 crore. The elite commando force NSG, which played a sterling role in Mumbai terror attacks, has got Rs 44.63 crore more.
Polling started at 0700 hours (0645 IST) and will end at 1700 hours (1645 IST), election officials said. Some 6,000 candidates are contesting the election under proportionate voting system while 4,021 candidates are in the fray under direct voting system. The country has witnessed a violence-marred campaign for the crucial elections to elect a body that will rewrite the Constitution and decide the fate of the 239-year-old monarchy.
A top Coal India official, however, said the hike would be 'modest' and said, 'our prices are 50 per cent discounted as compared to the global prices. Now there has been a major wage revision resulting in over Rs 4,000 crore (Rs 40 billion) additional financial burden on us which cannot be met through production and productivity alone.'
If the IPI deal wins out, then it will send an uplifting message about Indo-Pak collaboration, but also a sobering one about America's international clout.
Summary of sports events and persons who made news on Sunday
A source said that the lenders have proposed to change the management of the beleaguered air carrier as they feel it is not possible to run the company with present management.
Although Gorakhpur is the largest urban centre and trading hub in Eastern UP, catering not only to the neighbouring district but also the adjoining Bihar and Nepal, it had been lacking in proper infrastructure of road and air connectivity, impeding the harnessing of its socioeconomic potential.
In December last year, Amazon invested over Rs 1,700 crore into its payments and wholesale business units in India, while in October it had infused over Rs 4,400 crore (more than USD 600 million) in its various units in India, including marketplace and food retail. Bezos last visited India in 2014 when he presented Amazon's Indian unit with a giant cheque for USD 2 billion. Since then, Amazon has pledged a further USD 3.5 billion to expand in the country and the USD 1 billion investment announced on Wednesday would take the total committed investment to USD 6.5 billion.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
