Business

Combined effect of higher oil import and high oil prices have pushed the import bill high up to $ 44.64 billion.

Investors' Grievances Forum has said RBI, SEBI and the Finance Ministry were apprised of the facts.

The Indian unit of Yamaha Motor Company will invest Rs three billion in its Indian business over the next three years.

Four public sector firms together capture 75 per cent market share while private players grab top four places.

New notes have been issued as part of efforts to benchmark its procedures with international best practices.

NIIT Technologies has acquired UK-based insurance solution provider Room Solutions in an all-cash deal for $25 million.

ICICI Bank hikes interest rates on housing loans by 0.50 per cent on fixed and floating segments.

SEBI to go to Mumbai High Court against stays in demat scam to prevent any more ex-partite order without hearing SEBI.

The BSE Sensex closed at 12,219 gaining 176 points or 1.46 per cent; after touching an all time high of 12,288.51.

Gold prices recorded a significant rise in the market with standard gold (24ct) spurting Rs 230 per ten grams to close at Rs 9685.

German cos are training their sights on India. BMW, Bosch and Mann have expressed their interest to set up or expand their manufacturing facilities to PM Manmohan Singh.

CEO of TV18 Haresh Chawla says that the company is focussed on expanding and leveraging its franchise both on TV and net and is also looking for opportunities in the mobile space.

Bharti Tele Ventures on Tuesday announced that their foray into the retail segment, through a joint venture, would be finalised soon.

The market ended with smart gains. The Sensex ended up over 281 points. Technology, oil, auto, FMCG, capital goods, pharma and banking stocks gained.

India's $2 billion fashion industry is hoping to piggyback on this heightened interest for a greater share of the $14 billion textile industry.

State Bank of India employees will continue their strike on Tuesday as well, to protest against the government's pension policies.