At Rs 18,400 per share, value up 100 times since Lehman crisis
The India-Japan civil nuclear deal might not fructify anytime too soon, with Prime Minister Manmohan Singh acknowledging that India was keenly aware of Japanese sensitivities on the matter and "would not like to force the issue".
The appetite for Indian assets is growing among investors from the land of the samurai. An appreciating yen, combined with slow economic growth, has persuaded many Japanese investors to explore opportunities beyond their national boundary, and India appears to be one of their preferences.
After becoming the youngest chief minister of Uttar Pradesh, 38-year-old Akhilesh Yadav has yet another first to his credit. He has become the first chief minister to load all details of his assets on the Uttar Pradesh government website.
India is finally set to give shape to its futuristic smart cities - world-class, self-sustainable habitats with minimal pollution levels, maximum recycling, optimised energy supplies and efficient public transportation.
But retailers say this enthusiasm, which helped push prices back up again, is faltering with some investors looking for another fall before they buy more.
The monthly sales of its bread-and-butter Ambassador slipped to just around 800 in the April-February period.
The invitation was extended by Sir Richard Stagg when he called on Mamata Banerjee at the Rail Bhawan on Thursday.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Indian vehicle manufacturers saw their market share of the total South African new vehicle market drop below one per cent in September, despite the month being a buoyant one for most manufacturers.
Both India and South Korea will use President Park Geun-hye's visit to unveil a comprehensive programme for mutual benefit and impacting on regional security environment, says Srikanth Kondapalli.
Ghosn's partnership with motorcycle and auto-rickshaw maker Bajaj Auto got most publicity.
Among the foreign banks with a major presence in India - as adjudged on the basis of their employee strength - only Standard Chartered Bank bucked the trend.
With its eyes on Indian and South-East Asian markets, the Sukhoi Superjet 100 medium-haul aircraft has been brought to the Aero India.
India and Japan are close to finalising a civil nuclear cooperation agreement, former Japanese prime minister Yukio Hatoyama said in New Delhi on Monday."India and Japan have come to a stage of concluding the nuclear cooperation agreement," said Hatoyama, a key leader of the ruling Democratic Party of Japan.He hoped India would uphold its unilateral moratorium on nuclear tests and underscored the sensitivity Japanese people attach to it.
Leading Indian companies-- ITC Ltd and Reliance Industries Ltd (RIL)-- have received top rating in Asia for their corporate social responsibility (CSR) initiatives, according to report by the Hong Kong-based brokerage and investment firm, CLSA.
ONGC, Bank of Baroda and HDFC among top gainers
Automobile firm Hindustan Motors today launched sports utility vehicle 'Outlander' in the country, priced at Rs 20.2 lakh) Rs 2.02 million), ex-showroom.
Many new car launches, offers and discounts await consumers this season. Among the various cars scheduled to be launched here is a list of five sedans that have been quite eagerly awaited.
The overall breadth was positive as 1,593 stocks advanced while 1,295 stocks declined.
Chennai is home to global and Indian auto majors like BMW, Ford, Hyundai, Mitsubishi, Nissan, Ashok Leyland, TVS Group, et cetera. It also has almost 35 per cent of India's share of auto ancillary units.
In a major breakthrough in its quest for nuclear technology, India will launch talks with Japan from Monday to seal a civilian atomic cooperation pact that will pave the way for the sale of advanced technology by Japanese firms like Mitsubishi and Hitachi. Terming the development as 'very positive', sources said for Japan, the only country ever attacked with atomic weapons, the decision to go ahead with such a pact with a non-Nuclear Non-Proliferation Treaty signatory country
The Nifty ended down 29 points at 4,750.
Volkswagen is looking to dislodge Honda's dominance in the premium mid-size segment in India, with the launch of a new executive sedan in the second half of this year.
Manufacturing lines at various car producing facilities across the country started to roll out the new range of Bharat Stage-IV compliant vehicles in the 13 notified cities from April 1, according to the Union government guidelines on emission norms.
Some of these logos have a history and tell a story in their own special way.
The Nifty ended down 23 points at 5,109. The market breadth was neutral. Out of 2,864 stocks traded, 1,426 declined while 1,378 advanced.
Daimler would introduce lightweight trucks from Mitsubishi Fuso stable in the Indian market by 2010 as part of its expansion strategy in the country's auto mart.
CarDekho.com - the winner of best and most popular Indian automotive website of the year 2012 has announced the first edition of its awards.
If you are a motorsport enthusiast and have a Mitsubishi Pajero, here's a chance to test the capabilities of your vehicle to the fullest and enjoy a good time out in the open at the same time. HM-Mitsubishi Motors in association with Sportscraft is organizing 'Heart in Mouth', an off-road driving rally around Belapur in Navi Mumbai on September 6.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has signed a Rs 4,000-crore agreement with Larsen & Toubro Ltd, the engineering and construction major, for supply of equipment for its Nigrie Super Thermal Power Project in Madhya Pradesh.
Stating that Anil Ambani Group firm's project was neither installed nor operating, petroleum minister Murli Deora had earlier this week told Parliament that the Dadri project would be considered for allocation of gas along with similar other upcoming projects. RPower said it had initiated the ICB process for selection of EPC contractors for its power plants way back in 2005 but not concluded owing to Mukesh Ambani promoted Reliance Industries Ltd's refusal to supply gas.
Known for his passion for vehicles, India captain Mahendra Singh Dhoni has added a brand new 'Hummer' worth around Rs one crore to his already rich collections. The H2 2009 Hummer will definitely get the pride of place among Dhoni's Toyota Corolla, Scorpio, Mitsubishi Pajero, Harley Davidson, Yamaha 650cc sports bike, Kawasaki Ninja and other two wheelers.
"Lending to India is the highest in the region with $3.3 billion via 11 loans, accounting for 22.1 per cent of total volume in 2009," the report said
The Freelander, a compact yet premium 4X4 SUV, is sold in large European markets.
Announcing that the company had completed its fund raising for repayment of the bridge loan taken to acquire British marquee car brands Jaguar and Land Rover, Tata Motors said this was achieved by extending the final maturity of $1 billion by 18 months up to December 31, 2010.
TRIL is planning to raise a Rs 4,770 crore international infrastructure fund by the end of the year to invest in infrastructure projects like building special economic zones, roads, ports and other core sector projects in the next three years. Tata Realty has already raised a Rs 3,500 crore offshore fund for investing in its real estate projects, 20 per cent of which is deployed. The other 80 per cent will be used in the next three years.
Tata Motors, India's largest commercial vehicle maker, is in the process of raising Rs 5,000 crore through a bond issue to refinance the remaining $ 2 billion (Rs 10,000 crore) bridge loan it took to acquire Jaguar and Land Rover.
Car and sports utility vehicle makers say they're taken aback by the Union finance ministry's proposal to bring locally assembled models into the same duty structure as imported units. They say the move would cripple demand, following a substantial rise in vehicle prices.
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