Business

The Reserve Bank of India is scheduled to review its monetary policy on September 17.

The market shrugged off gloomy trade deficit data and gave thumbs up to lower than expected monthly inflation data.

The rupee had ended marginally down by 1 paise at 55.28 against the US dollar in the previous session on Friday.

After East Asia, services to Europe will be restored first to Frankfurt on September 1, 2012, and then New York from September 4, 2012.

Cash-strapped Kingfisher Airlines had posted a net loss of Rs 263.5 crore in same period in 2011.

With its strong Q2 revenue it has overthrown Infosys as the second largest IT player after TCS (in revenue terms).

Standard Chartered, a financier in emerging markets, is the sixth foreign bank since 2008 to be implicated.

The SBI has lowered interest rates on domestic term deposits of maturity of five years and more to 8.50 pc.

State-run ONGC surpassed TCS, which had dethroned the energy major as the country's most valued firm on July 27.

Prime Minister Manmohan Singh on Monday set up a committee to look into taxation matters of the IT sector.

No shares or other assets were directly pledged to banks against specific loans, according to Kingfisher.

Gujarat Chief Minister Narendra Modi recently met Suzuki Motor Corp Chairman & CEO Osamu Suzuki during his Japan tour.

Wipro said earlier consolidated net profit rose to Rs 15.80 billion for the fiscal first quarter ended June 30 from Rs 13.35 billion a year earlier, meeting forecasts.

The government should stop giving relief to the inefficient, Indigo Airlines co-promoter Rahul Bhatia said.

RIL's refining business, which is the largest revenue and profit generating segment, saw its margins erode.

The EGoM will give its view on each of the issue to the Cabinet, which will then take a final decision.