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Mukesh Ambani has got company of at least 29 fellow corporate executives, including four from his own group Reliance Industries, in terms of annual salaries running into crores of rupees for the latest fiscal. Just about a month in the process since the annual reports of listed companies began trickling in late April,... 

The Ministry of Environment and Forests (MoEF) on Tuesday informed the Supreme Court that a cement plant of Nirma Industries in Bhavnagar district of Gujarat is located in an ecologically sensitive wetland area situated next to the natural habitat of Asiatic lions. The ministry said that the plant has to be re-located immediately.... 

NEW DELHI: BMW plans to drive in its 1Series hatchback and the Mini compact within two years to stay ahead of archrivals Mercedes Benz and Audi in the booming Indian luxury car market. “The Indian market is evolving fast and, as the leader of luxury car, we are looking at our compact range of cars to meet varied preferences... 

Kotak Mahindra Bank on Thursday reported a 17.2% surge in the net profit in its fourth quarter, which accounted to Rs 491 crore as compared to Rs 419 crore in same quarter the previous year. The company said that it’s NBFC and investment banking arm has witnessed a rebound in the fourth quarter. The bank held that... 

(Reuters) – The RBI’s higher-than-expected rate actions together with a rise in savings rate could put Indian banks in a tight spot as they struggle with higher borrowing costs compounded by the inability to raise lending rates sharply on concerns of moderating loan demand. The central bank’s move saw bankers... 

MUMBAI: Indian markets ended in the red for seventh consecutive session after the Reserve Bank of India’s move to hike repo rate and reverse repo rate by 50 basis points each hurt sentiments. Shares of rate sensitive sectors led the decline on concerns that rising interest rates would negatively impact sales. “We... 

Tata Nano, the cheapest car in the world, recorded pan-India sales of 10,012 units in April, 184 per cent higher as compared to the 3,525 units sold in April 2010. It was also sequentially higher than in March, when 8,700 Nanos were sold. These are wholesale numbers (dispatches to dealers) and not actual sales (purhased by... 

NEW DELHI: Supreme Court won’t scrutinize the CBI chargesheet against former telecom minister A Raja and others before its filing in the special court set up to exclusively try the 2G scam. CBI’s counsel, senior advocate K K Venugopal, pointed out the pitfalls in the apex court scrutinizing the chargesheet before... 

Private airlines will operate two additional flights from Delhi and Mumbai to Chandigarh to cater to high demands of air tickets by the cricket fans keen on watching World cup semi-final between India and Pakistan at Mohali. Jet Airways and Kingfisher will operate an additional flight each from Delhi and Mumbai to Chandigarh,... 

Mumbai: Cash-strapped Air India Ltd is considering a freeze on salary hikes and additional allowances to employees until the process of its merger with Indian Airlines is completed. Arvind Jadhav, chairman and managing director of Air India, the company formed by the merger of the two state-owned carriers, asked workers in a...