Business News Headlines

Bajaj Auto's June sales up eight percent

New Delhi , July 2

Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported an increase of eight percent in its monthly sales for June, which stood at 331,317 units from 305,465 units in the corresponding period of the last year.

Need to step up speed on India, Nepal, China corridor

Beijing , July 2 India, China and Nepal should go ahead and order a feasibility study for an economic corridor among the three nations that will benefit its people, a senior Chinese official said here.

Europe's crisis will linger till Euro exists

New Delhi

A great economic experiment began in 1951 with the formation of the European Coal and Steel Community. It was an attempt to make war within Europe impossible by establishing free trade in coal and steel, eliminating all tariffs and restrictions on cross border economic shipments.

Manufacturing to remain slow: HSBC index

Mumbai , July 1

Future manufacturing may remain sluggish in India due to declining output and new order flow, including from overseas and fall in order-to-inventory ratio while robust capital goods growth is a glimmer of hope, says HSBC Purchasing Manufacturers Index (PMI) released on Wednesday.

Industrialists promise investments for Digital India

New Delhi , July 1

In the "Digital India Week" programme launched by Prime Minister Narendra Modi on Wednesday, India Inc. committed an investment of Rs.450,000 crore (some $75 billion) for the initiative that seeks to empower citizens by deploying IT and associated tools.

'Hub and spoke' Kerala model a cropper: CAG

Thiruvananthapuram , July 2

The much publicised 'hub and spoke' Kerala model for IT development has turned a cropper, a report of the Comptroller and Auditor General (CAG) has said.

'India to become world's second largest smartphone market'

New York , July 2

Buoyed by growing sales, India will overtake the US to become world's second largest smartphone market by 2017, says a report.

Indian equities open lower in morning trade

Mumbai , July 2

A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), on Thursday opened lower than previous day's close and was trading at 28,039.82 points, some 30 minutes after the opening bell.

Ratan Tata invests in Ola

Bangalore/Kolkata , July 1

App-based transportation aggregator Ola on Wednesday said Tata Sons chairman emeritus Ratan Tata has invested in the company in his personal capacity.

PM urges Indian IT to build credible security systems

New Delhi , July 1

Describing cyber-related risks as a global threat, Prime Minister Narendra Modi on Wednesday called upon India's IT community to serve the entire world by building credible cyber-security systems.