Toyota Kirloskar Motors on Monday said that it has registered a marginal growth of 5.47 percent in sales at 6,359 units in December.
U.S. software firm iGate's
deal with Apax Partners for a majority stake in India's Patni Computer Services is still on the table but has been delayed due to procedural issues, a source with direct knowledge of the matter said on Monday.General Motors India on Monday said its sales grew by 2.54 percent to 8,468 units in December, 2010, from 8,258 units in the same month of the previous year.
Hyundai Motor India Ltd on Thursday achieved a milestone by reaching the production of 600,000 units, the highest since inception in a calendar year.
Hyundai Motors India Ltd. (HMIL), the second largest car maker and the largest car exporter in the Indian market, sold a total of 47,228 units during this month as compared to 47,217 units during the same period year ago.
India’s exports in November grew 26.5 percent to $18.9 billion compared to the same period a year earlier, a government report said on Monday.
U.S. software company iGate
said it canceled a press conference it had scheduled for Monday, at which it was expected to announce a deal with Apax Partners for a majority stake in India's Patni Computer Services for more than $900 million.Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.
Hyundai Motor Group <005380.KS> and its affiliate Kia Motors <000270.KS> aim to boost vehicle sales by 10 percent this year after robust December sales, as the sector shows a gradual recovery, led by China and the United States. Hyundai Motor shares rose 2 percent on Monday, while shares in Kia Motors jumped 3.75 percent in a broader market <.KS11> up 0.9 percent, with Hyundai ex...
The Indian information technology industry is cautiously optimistic for 2011 after a tumultuous 2010 due to the continued economic
uncertainty in Europe and the US.
Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.
Douglas C. Borthwick, Managing Director of Faros Trading, reviews the global currency markets from 2010 and provides some outlook and guidance for 2011
With the growth in the number of plants being built and the increasing cost competitiveness, 2011 looks like solar energy could start to come into its own in the U.S.
News from the world of MBA that could have a far-reaching impact
New Year celebrations have begun all round the World. Thousands of revelers in New Zealand welcomed 2011 with a bright display of fireworks illuminating the skies. Australians and tourists who flocked at the Sydney's harbor bridge were treated to the biggest fireworks since the millennium celebrations. A clear, warm day in Sydney cheered up the occasion.
India's business conglomerate, Sahara India, announced on Thursday that the group acquired the iconic Grosvenor House hotel in London from The Royal Bank of Scotland Group plc for 470 million pounds.
A decommissioned IP power plant in Delhi, the Indian capital, will now be transformed into one of the city's biggest art galleries, modeled on the famed Tate Modern in London.
At present respective growth rates, the average Chinese person will be wealthier than the average American in 27 years, according to Ed Lazear, a Stanford University economics professor.
Studying the structure of open interest in US Comex Gold Futures and options, it points to more volatility and the risk...is very much to the upside, says O'Connell, concluding that professional traders are looking for a Gold Price of $1500 or even $1600 by the start of April.
The United States is losing its appeal as leading global center for stock market flotations, hit by restrictive regulations and competition from other financial centres, a survey of American lawyers showed on Thursday.
Gurgaon police on Thursday arrested Citibank relationship manager Shivraj Puri, who alleged masterminded a major fraud in one of the bank’s branch in the north Indian state of Haryana.
The year 2010 has seen the emergence and growth of one of the strongest markets for luxury industry in the world - China.
