Reliance Q4 sales rise, refining margin narrows
Published on Saturday, April 19, 2014 11:26 AM

By Aradhana Aravindan and Sumeet Chatterjee

MUMBAI  - Energy company Reliance Industries Ltd  posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue.

Reliance, which operates the world's biggest r ...

Reliance Q4 sales rise, refining   margin narrows
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India's forex reserves rise to $309.44 bln as of April 11 - RBI
Published on Friday, April 18, 2014 6:43 PM

MUMBAI  - India's foreign exchange reserves rose to $309.44 billion as of April 11 from $306.65 billion in the week earlier, the Reserve Bank of India said on Friday.

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies ...

India's forex   reserves rise to $309.44 bln as of April 11 - RBI
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Bajaj Auto says union at Chakan plant plans work stoppage
Published on Friday, April 18, 2014 4:38 PM

MUMBAI  - Bajaj Auto, India's second-largest motorcycle maker, said on Friday the union at its Chakan factory in Maharashtra had proposed a work stoppage from April 28.

The union's proposal to stop work comes less than a year after the plant's workers had gone on a strike that lasted nearly t ...

Bajaj Auto says union at Chakan plant plans work stoppage
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Deloitte sees higher M&A activity in consumer products sector in 2014
Published on Friday, April 18, 2014 4:12 PM

News Details

According to a report by Deloitte, the year 2014 could shape up to be a year of heightened M&A (mergers & acquisition) activity in the global and domestic consumer products sector. The number of M&A deals in the global consumer products sector has been on an uptrend for the past few years d ...

Deloitte sees higher M&A  activity in consumer products sector in 2014
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Glenmark pulls 2,900 bottles of ulcer drug in U.S.
Published on Friday, April 18, 2014 1:29 PM

MUMBAI  - Glenmark Pharmaceuticals Ltd is recalling some 2,900 bottles of its stomach ulcer drug ranitidine in the United States after a foreign tablet was found in one of the bottles.

Medicines produced in India, which supplies about 40 percent of generic and over-the-counter drugs sold in the United St ...

Glenmark pulls 2,900 bottles of ulcer drug in U.S.
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Reliance Industries, HPCL Mittal plan refinery expansions
Published on Friday, April 18, 2014 3:01 PM

NEW DELHI  - Reliance Industries , owner of the world's biggest refining complex, and HPCL-Mittal Energy Ltd (HMEL), part owned by steel tycoon L N Mittal, have sought environment ministry approval for raising capacity of their plants.

Reliance , whose two plants at Jamnagar in Gujarat has installed ...

Reliance Industries, HPCL Mittal plan refinery expansions
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Wipro Q4 net profit beats estimates, rises 29 percent
Published on Thursday, April 17, 2014 6:36 PM

  Wipro Ltd posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers.

Like its rivals Infosys Ltd  and Tata Consultancy Services Ltd , Wipro is banking on a revival in demand for IT services in the industry's biggest markets as the economie ...

Wipro Q4 net profit beats estimates, rises 29 percent
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A star abroad, RBI boss riles bond traders at home
Published on Thursday, April 17, 2014 3:24 PM

By Neha Dasgupta

MUMBAI  - Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

Benchmark 10-year bo ...

A star abroad, RBI boss riles bond traders at home
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Bonds rally; RBI raises $3.3 billion in record auction
Published on Thursday, April 17, 2014 4:14 PM

MUMBAI  - Government bonds jumped on Thursday, recovering from two sessions of falls, after the RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer, accomplishing the country's biggest-ever auction.

The cut-offs for the auction were also better than expected, indicating healt ...

Bonds rally; RBI raises $3.3 billion in record auction
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