Goenka, the whole-time director and network operating officer of the company, would replace Pradeep Guha as the CEO of the company, it said in filing to the Bombay Stock Exchange. Pradeep Guha has decided to move out of the organisation,

The rating 'LAAA' shows lowest credit risk for the long-term debentures of the Tata Sons, rating agency said in a release. The rating agency has rated the Rs 20-billion commercial paper of the company as A1+ indicating highest credit quality

With Gold Expressions, WGC and Ddamas bring together the best of Italian radiance and legendary design that translates into jewellery that is appealing on a more profound and emotional level, a WGC release said here. This years collection has 4

A bench headed by Justice Altamas Kabir, while refusing Reliance Energy's contention that Tata Power had licence to supply power only to bulk customers, allowed TPC's plea against the Appellate Tribunal for Electricity (APTEL) order, which held the company did

He assumes the responsibility in addition to his current role as Chief Investment Officer for Asset Management, India, a release said here. "Soni brings both experience and expertise to the role of leading our successful asset management business in the

We have invested eight million euros (Rs 55 crores) for setting up a manufacturing plant in Chennai and will pump in another eight million euros in expanding its capacity in the next two years," B.Braun Vascular System Senior Vice-President Gerd

At the Interbank Foreign Exchange (forex) market, the local currency moved in a range of 43.26 and 43.42 after resuming lower at 43.40/42 per dollar. Meanwhile, the benchmark BSE Sensex dropped by 176.34 points to end at 13,349.65 after gaining

The scrip dropped to an intra-day low of Rs 28, down eight per cent from close of Rs 30.45 on the Bombay Stock Exchange. However, Spicejet shares later gained some of the lost ground later in the day to settle

The 50:50 JV will set up a greenfield manufacturing plant at Gurgaon with an investment of Rs 40 crore to supply parts to Indian automobile makers. Already it is talking to auto majors like Maruti Suzuki India, Mahindra & Mahindra

Of the 13 sectoral indices IT registered a maximum fall of about 130 points or 3.11 per cent, led by shares of Wipro which dipped 4.61 per cent to close at Rs 419.70 and Infosys Technologies declined 3.62 per cent

Union Textiles Minister Shanker Sinh Vaghela said the total loan of handloom weavers may be around Rs 800-900 crore and "there is a need for writing off these loans to help the handloom weavers". The UPA government had, in the

Top securities (non-repo) traded on WDM segment were, the 8.24 per cent government security maturing in 2018 traded for Rs 220.00 cr at a weighted yield of 9.21 per cent, the 8.28 per cent government security maturing in 2032 traded

In value terms, the exports have rose to Rs 111.95 crore, from Rs 90.36 crore in the corresponding period last year. "The export have gone up due to the rising demand from overseas," the Tea Board official said, adding that

As per the agreement, Albemarle shall supply Ibuprofen API from its Orangeburg Plant in South Carolina, US, to Dr Reddy's for distribution to its client base, DRL said in a statement. The terms of the agreement were not disclosed. The

The product, which hits the markets, will enable RCom's customers a powerful combination of communications and multimedia capabilities, the company said in a press release here. "The smartphone is now available at more than 500 stores across the top 20

Targeting the Mukesh Ambani group, the Samajwadi Party has demanded windfall profit tax and withdrawal of concessions to private sector oil firms saying Prime Minister Manmohan Singh should take cognizance of its wish list as seriously as its support for

The field is producing 18,000 to 20,000 barrels per day of oil as against 40,000 bpd normal production. Gas output is restricted to 2.5 million standard cubic meters per day as opposed to 5.5 mmscmd in normal times. Panna-Mukta oil

The leaders of the world's wealthiest economies did not come up with any tangible solutions to solve the problem other than suggesting an increase in the production and refining capacities in the short term.

The NSE Nifty closed 41 points lower at 3,989. The market breadth was negative - out of 2,655 stocks traded, 1,180 advanced and 1,394 declined on Tuesday. The index went as low as 13,050 to recover from those levels and

The receipt on account of the referral fee arising to the applicant would not be taxable in India...," the AAR said while giving a ruling in a reference made by Singapore-based real estate consultant Cushman & Wakefield Pte. The AAR