Business

Reliance Communications increased the base call price to 1.5 paisa a second from 1.2 paisa.

Anil Dhirubhai Ambani Group-led infrastructure company Reliance Infrastructure topped the buying list with 10.5 per cent.

Turning a profit in India for global supermarkets is widely expected to prove even tougher than in China, where restrictions are fewer.

A cabinet committee agreed to raise diesel prices by 12 per cent, or 5 rupees per litre.

Chidambaram has directed officials to fast-track foreign direct investments as part of a drive to revive investor confidence.

SBI chairman Pratip Chaudhuri on Wednesday, however, said he expects the RBI to leave the key policy rates unchanged.

The bank, however, has left interest rate unchanged at 8.5 per cent for term deposit of 5-10 years.

Kingfisher's net loss more than doubled to Rs 2,328 crore in 2011-12, from Rs 1,027 crore in the previous year.

As many as 17 banks, led by SBI, have exposure of over Rs 7,000 crore in advances to the carrier.

The PM said he would have liked to lay a foundation for 9 per cent growth rate but international events have not helped.

SBI, which has almost 14,000 branches across the country, counts on its large chunk of savings account deposits for higher margins.

Randeep Singh Surjewala said that plant-A and plant-B of the Manesar unit are back in production and 186 cars were produced on Wednesday.

Rising spot demand in domestic markets for the wedding season pushed gold futures to trade at record high, traders said.

ONGC Energy Centre (OEC) has joined hands with a Belgian firm to harness geothermal energy in South Cambay basin.

India's economy is growing at its slowest pace in nearly a decade, with stubborn inflationary pressures, high interest rates.

Many of these retailers are already present in India via licensing and joint-venture partnerships with Indian retailers.