BCCI suspends Gurunath Meiyappan pending inquiry

A beleaguered BCCI today suspended Chennai Super Kings CEO, Gurunath Meiyappan, who was arrested for alleged involvement in betting, pending an inquiry into his role in the IPL spot-fixing scandal that has shaken the core of Indian cricket. Meiyappan, who is ...
Business Line, 7 min(s) ago
Also from: SME Times, Smart Investor and 40 other sources

Bata to open 100 stores every year

Global footwear manufacturer Bata is planning to opening 100 stores in the country every year, a top executive said on Saturday. "We have around 1,250 stores across India. And every year we are planning to open almost 100 stores. Last year, we opened a little ...
Deccan Herald, 5 hour(s) ago
Also from: Deccan chronicle, ZeeNews.com and 1 other source

Britannia profit rises

Britannia Industries standalone net profit rose 65.66 per cent to Rs 87.85 crore for the quarter ended March 31 from Rs 53.03 crore in the same period the previous year. Total income from operations grew 13.65 per cent to Rs 1,502.42 crore from Rs 1,321.89 ...
The Telegraph, 6 hour(s) ago
Also from: India TV, Smart Investor and 1 other source

Nissan to fix faulty brakes

(PTI): Japanese car giant Nissan will recall 22,188 units of its small car Micra and sedan Sunny in India because of a faulty braking system, as part of a global exercise to rectify the problem. The companys wholly owned subsidiary Nissan Motor India will ...
The Telegraph, 6 hour(s) ago
Also from: Financial Express, NDTV Profit and 4 other sources

RBS to shut down 23 out of its 31 branches

ranches in India as part of its restructuring plans in the country. The move comes after the bank was able to obtain an approval from the Reserve Bank of India (RBI) to sell its Indian retail and commercial banking businesses to HSBC. Following the shutting ...
TopNews, 16 hour(s) ago
Also from: Sify

Oil India posts 72% increase in Q4 net profit

For FY13 however, net profit was up only 4% Rs 3,589 cr against Rs 3,447 cr during FY12 email this article Subject line: Your Email: Send me a copy: Recipients Id: Type address separated by commas Enter the characters shown in the image. State-run Oil India ...
Business Standard, 13 hour(s) ago
Also from: The Hindu

Sensex crashes 582 points to close week below 20,000

Indian markets settled sharply lower last week amid weak global markets on concern over comments by US Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity. Rupee falling to a eight month low also dampened the sentiment. Bernanke ...
Myiris, 13 hour(s) ago
Also from: Equitymaster.com

AirAsia India to purchase 50 planes for India operations

The new Indian unit of Malaysia based low cost airlines, AirAsia has ordered 50 planes for its expansion into the Indian market. Chief executive Tony Fernandes said that the company has ordered 50 A320-family jets valued at $5 billion just five months after ...
TopNews, 16 hour(s) ago
Also from: IndiaVision, Money Control and 1 other source

Chinese airline to get 8 Dreamliners, expects first in June

Beijing: The China Southern Airlines will receive 8 Dreamliners, becoming the first airline in the country to use the Boeing 787 plane after the local aviation regulator gave its approval for the aircraft. The Guangzhou-based carrier will take ...
NDTV Profit, 14 hour(s) ago
Also from: Business Standard, Business Line and 5 other sources

Gold faces more pressure as inflation stays tame

LONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise. The idea that record-low interest rates would damage paper currencies and ...
Reuters, 14 hour(s) ago
Also from: BizWire Express, Financial Express and 8 other sources