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Piramal Group chairman Ajay Piramal addresses a press conference in Mumbai on Wednesday. Photo: Shashi Ashiwal
Piramal Group chairman Ajay Piramal addresses a press conference in Mumbai on Wednesday. Photo: Shashi Ashiwal

Piramal to acquire U.S. firm for Rs. 3,400 crore

Piramal Healthcare will acquire 100 per cent stake in U.S.-based Decision Resources Group and it would be funded by an equal mix of debt and equity. »
Men check their mobile phones as they walk by an electronic stock indicator in Tokyo on Tuesday. World markets were mostly lower on Wednesday, rattled by a political impasse in Greece.

World stocks fall amid turmoil in Greece

The turmoil in Greece sent European shares lower in early trading. Britain’s FTSE 100 fell 0.9 per cent to 5,388.93 and Germany’s DAX slid 1 per cent to 6,335.93. France’s CAC-40 was down 0.4 per cent at 2,036.30. »

Sensex closes just above 16k

Stock markets tanked on Wednesday with Bombay Stock Exchange benchmark Sensex shedding over 350 points to trade below 16,000 level intra-day but it managed to close at 16,030.09, still a hefty los... »

Rupee hits all-time low of 54.46 per dollar

The rupee on Wednesday fell five-month low by losing 47 paise to 54.26 against the US dollar on the Interbank Foreign Exchange market in early trade on increased capital outflows amid strong demand for the American currency. »
A technician checks the oil separator facilities in Azadegan oil field, near
Ahvaz, Iran. File Photo

U.S. may offer shale gas in liquefied form to India

Envoy makes ‘detailed and expansive presentations' on oil and gas markets »

Companies

President & CEO, Honda Motorcycle & Scooter, Keita Muramatsu (left) with Bollywood actor and new brand ambassador of Honda, Akshay Kumar, at the launch of Dream Yuga motorbikes at Gurgaon in Haryana on Tuesday. Photo: Shiv Kumar Pushpakar

A ‘Dream Yuga' from Honda

Honda, on Tuesday, announced plans to focus on mass volume bike segment by launching 110cc motorcycle ‘Dream Yuga', priced at Rs.44,642. The Japanese bike-maker, which has signed Bollywood actor A... »

GIC Housing to pay Rs. 4.50

Facebook raises IPO price as offering nears

Mercedes not to play the price game

MARG Q4 net at Rs. 15 crore

Industry

Oil firms to cut jet fuel prices by Rs. 273 per kl

State-owned oil companies on Tuesday cut jet fuel prices by a marginal Rs. 273 per kilolitre, the third straight reduction in rates since April. The price of aviation turbine fuel (ATF),... »

Coal supplies: Power Ministry seeks PMO's intervention

Simplitech: Getting a name in the virtual world of web

GoM meets industry leaders on drug pricing policy

Khullar is new TRAI chief

Economy

IRDA Chairman J. Harinarayan (centre) releasing the White Paper on Financial inclusion: integrating insurance into total package in Hyderabad on Tuesday. Photo: Mohammed Yousuf

Adopt lead bank concept, IRDA chief tells insurers

Insurance companies need to improve their products and post-sale services to ensure that they are demand-driven, Chairman of Insurance Regulatory and Development Authority (IRDA) J. Hari Narayan s... »

Moody's lowers ratings of 26 Italian banks

DTC Bill to be introduced in Monsoon Session: Pranab

‘Forex reserves can be used to stem rupee slide'

Austerity measures on the way, says Pranab

Markets

Gold prices at five-week low

Gold prices fell for the third straight day to trade five weeks low in the national capital on Wednesday on reduced offtake by stockists, sparked by a weakening trend in international markets.... »

Asia stocks fall amid political turmoil in Greece

Sensex dips below 16,000-level

Re tests 54-level; RBI comes to rescue

Rupee recovers by 19 paise against dollar

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