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CCI imposes Rs 420 crore penalty on Hyundai; Reva, Premier also face flak

CCI imposes Rs 420 crore penalty on Hyundai; Reva, Premier also face flak

28 Jul 2015

New Delhi: Coming down hard on carmakers found to be restricting sale of spare parts in open market, fair trade regulator CCI today imposed a penalty of Rs 420.26 crore on Hyundai Motor India and asked two others -- Reva and Premier -- to 'cease and desist' from anti-competitive practices.

Carmakers,   Spare parts,   Fair trade regulator,   CCI,   Hyundai Motor India,   Reva,   Premier,  
 Rupee recovers 12 paise against dollar in morning <strong>trade</strong>

Rupee recovers 12 paise against dollar in morning trade

28 Jul 2015

Mumbai: The rupee recovered by 12 paise to 64.04 against the dollar in morning trade today on fresh selling of the US currency by exporters.

Rupee,   dollar,   US currency,   BSE Sensex,   Latest business news,  
EPFO to invest Rs 410 crore in exchange <strong>trade</strong> funds every month

EPFO to invest Rs 410 crore in exchange trade funds every month

27 Jul 2015

New Delhi: Retirement fund body EPFO has decided to invest around Rs 410 crore in exchange trade funds (ETF) every month during the current fiscal. "EPFO can invest around Rs 410 crore in ETF every month during this fiscal. The body has planned to invest 5 percent of its incremental deposits every month," a senior EPFO official told reporters.

EPFO to invest,   ETFs,   EPFO,   Exchange trade funds,   Labour Ministry,   Bandaru Dattatreya,   Latest Business News,  
  Rupee declines 4 paise against dollar in morning <strong>trade</strong>

Rupee declines 4 paise against dollar in morning trade

27 Jul 2015

Mumbai: The rupee depreciated by 4 paise to 64.08 against the dollar in morning trade due to month-end dollar demand from importers.

Rupee,   dollar,   BSE Sensex,   US currency,   Latest business news ,  
India's medical device sector may grow to USD 7.7 billion by next year

India's medical device sector may grow to USD 7.7 billion by next year

25 Jul 2015

New York: The US-India Business Council (USIBC) Medical Device Trade Mission is 'excited about the opportunities in India' from Prime Minister Modi's 'Make in India, Innovate in India' initiatives and expects the sector to grow to USD 7.7 billion by next year.

India medical device sector,   US India Business Council,   USIBC,   Medical Device Trade Mission,   Make in India,   Latest Business News,  
 Rupee depreciates 7 paise against dollar in morning <strong>trade</strong>

Rupee depreciates 7 paise against dollar in morning trade

23 Jul 2015

Mumbai: The rupee weakened 7 paise to 63.65 against the US dollar in morning trade today at the Interbank Foreign Exchange following gains in the American currency against major currencies globally.

Rupee,   US dollar,   Interbank Foreign Exchange,   American currency,   Latest business news,  
Sensex recovers 46 points in choppy <strong>trade</strong>; Infosys climbs 7.75 percent

Sensex recovers 46 points in choppy trade; Infosys climbs 7.75 percent

21 Jul 2015

Mumbai: (PTI) The benchmark BSE Sensex recovered over 46 points in morning volatile trade today as IT sector stocks surged after Infosys reported a 5 percent growth in net profit for the first quarter of 2015-16.

Sensex,   BSE Sensex,   stocks,   National Stock Exchange,   Nifty,   Latest business news,  
Rupee down 5 paise against dollar in morning <strong>trade</strong>

Rupee down 5 paise against dollar in morning trade

21 Jul 2015

Mumbai: The rupee depreciated by five paise to 63.71 against the dollar in morning trade today due to rise in greenback against other currencies overseas.

Rupee,   Dollar,   USD,   value of rupee,   rupee against dollar,   Indian economy,   latest business news,  
Gold futures slide further amid weak global cues

Gold futures slide further amid weak global cues

22 Jul 2015

New Delhi: Gold fell by Rs 108 to trade at Rs 24,689 per 10 grams in futures trade today, largely in line with a weak trend overseas. Analysts said gold retreated amid a weakening trend in the overseas markets for the tenth straight day as Goldman Sachs Group predicted further decline in its prices and holdings.

Gold,   Weak global cues,   Gold Price,   Gold trade,   Bullion,   Precious metal market,   Latest Business News,  
Gold crashes below Rs 25,000 per 10 grams in futures <strong>trade</strong>

Gold crashes below Rs 25,000 per 10 grams in futures trade

20 Jul 2015

New Delhi: Gold prices fell below Rs 25,000 per 10 grams today by tumbling Rs 524 in futures trade after the precious metal sank to over five-year lows in global market.

Gold,   Gold prices,   Per 10 grams Gold,   Precious metal,   Bullion,   Latest Business News ,  

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