Developers across the country launched an estimated 38,000 residential units in the first quarter of 2013, an almost 2% decline from the previous quarter due to factors such as sufficient availability of stock, subdued demand and delays in regulatory approvals in certain markets.
Prime Minister Manmohan Singh on Friday urged Securities and Exchange Board of India (SEBI) to work towards rooting out insider trading and said the government was committed to doing the needful to strengthen the market regulator’s enforcement powers.
India’s second largest carrier by passengers carried, Jet Airways, on Friday posted a net loss of Rs. 495.53 crore for the quarter ended March 31 from a loss of Rs. 298.12 crore during the same period a year earlier.
A powerful US trade body on Thursday urged President Barack Obama to ensure current efforts at immigration reforms do not end up discriminating against Indian firms. Yashwant Raj reports.
The Pension Fund Regulatory and Development Authority (PFRDA) declared the annual weighted average returns for the NPS investment funds on May 15.
Deepti Bhaskaran reports.
NPS performanceIt’s time to file your income tax returns (ITR). What you need is a good checklist. Here is one.
Indian-born CEOs in the West have come a long way from the 1980s, when they were seen as geeks and nerds barely capable of making it to the top job.
HT reports.
Petroleum Minister Veerappa Moily on Friday refuted allegations levelled by CPI MP Gurudas Dasgupta that the proposed revision in gas pricing was being done to benefit private sector players such as Mukesh Ambani-led Reliance Industries. HT reports.
The proliferation of information technology across sectors is generating demand for a new kind of specialist: the cyber security expert. Manoj Gairola reports.
Stocks zig-zagged up and down on the Bombay Stock Exchange on Friday, indicating a volatile mood after a rally this year stymied by concerns on a weakening rupee and uncertainties in the global environment and local corporate performance.
In a bid to boost its global ambitions, Tata Power Renewable Energy, is looking to expand in Africa to tap the continent’s potential.
Japanese carmaker Nissan aims to triple its sales volume and targets to sell 100,000 units in India in the current financial year 2013-14. Nissan India’s newly-appointed managing director, Kenichiro Yomura, said the company will launch at least four new models including one from its low-cost brand Datsun to drive the volume.
India’s biggest commercial bank, State Bank of India (SBI), on Thursday posted a 18.54% year-on-year decline in its net profit to Rs. 3,299 crore during the quarter ended March 31, from Rs. 4,050 crore recorded during the corresponding quarter of the previous fiscal.
Abu Dhabi carrier Etihad’s Rs. 2,058-crore stake purchase in Jet Airways seems to have hit an air pocket, with regulators seeking more clarity on the deal to ensure overall competition in the aviation market is not affected and interests of public shareholders and consumers are protected.
India’s latest IPO multi-millionaire can break into a Hindi film song anytime, and prefers jeans and T-shirt to the blue suits that go with the corner office.