Bank chiefs have been quoted as saying that Kingfisher would need to arrange fresh equity of Rs 1,000-2,000 crore (Rs 10-20 billion) before seeking additional funds from the consortium of banks, led by the State Bank of India.
Equipped with super turbo DDiS engine the SX4 diesel is now a 90PS car.
India needs to rapidly increase energy consumption to achieve the ambitious target of 9 per cent economic growth in the 12th Five-Year Plan (2012-17), Prime Minister Manmohan Singh said on Wednesday.
China now boasts of the world's fastest train -- Chian Railway High-Speed (CRH) -- that rockets at an average speed train of 350 km per hour. That is, if the train were to ply in India, it would take just 4 hours to run from Mumbai to Delhi.
Four years after it launched the entry-level sedan Swift DZire, the country's largest car maker Maruti Suzuki India is bringing a shortened version of the car that will hit the market next month.
After having raised its key policy rates 10 times in a year-and-a-half to check inflation which remains stubborn, the Reserve Bank of India said on Friday it has no magic wand to bring down the rate of price rise.
Rangarajan's reaction came after the release of the latest data, which showed headline inflation going up to 9.06 per cent in May from 8.66 per cent in April on the back of rising prices of manufactured products and petrol.
Ashish Goyal breaks new ground by becoming the first blind student in foremost finance school and first blind trader in the world.
The hyper-car market in India got yet another player.
After years of inconvenience due to infrastructure upgradation, it is finally time to reap the benefits of this city decked up like a bride. And what better season to do so than the festive season underway?
With the start of the lean travel season, Indian Airlines on Thursday took the lead in announcing a new scheme offering discounts of up to 60 per cent below the normal fares in 85 sectors across the country.
US official says India must resort to greater liberalisation so that US investors have as many opportunities here as Indians have in the US.
Maruti Udyog Ltd on Friday said its sales grew by 23.2 per cent in December 2003 to 37,091 vehicles due to high domestic demand and exports.
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