Amazon shares hit on growth concerns

Amazon.com Inc's stock sank on Friday on concern about slowing growth at the world's largest Internet retailer.Late Thursday, the company reported slower revenue growth and offered a disappointing outlook for this quarter, exacerbating uncertainty about...

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Bajaj Auto awaits final rules on quadricycles

Even as Bajaj Auto waits for a government-appointed committee to come up with the final rules on quadricycles, the two-wheeler major continues to face opposition over the RE60 in India from competitors who have raised safety concerns amongst other...

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RBS sells 4.62% stake in SKS Microfinance for Rs 63 cr

The Royal Bank of Scotland (RBS) on Thursday offloaded 4.62-percent stake in Hyderabad-based SKS Microfinance for about Rs 63.50 crore. According to the data available with the stock exchanges, RBS sold 50 lakh shares, amounting to a 4.62-percent stake,...

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Brace for correction; bet on media, Titan: Experts

Key equity benchmark indices closed with hefty gains on expiry day. The Nifty closed at one-month high led by index heavyweights like GAIL, Tata Motors, Dr. Reddys, Axis Bank and NTPC .  The Sensex closed at 19,406.85, up 227 points and the Nifty...

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Axis Bank appoints KPMG for money laundering inquiry

Moneycontrol BureauAxis Bank has appointed KPMG, one of the big four consulting firms to carry out a forensic investigation into the alleged money laundering case. According to Somnath Sengupta, executive director of the bank, the lender has however...

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Indian economy not in stagflation; graft a concern: Roubini

Noted American economist Nouriel Roubini said India is not passing through stagflation but maintained that the prevailing conditions are "not ideal" for faster economic growth and cost of doing business is too high in the country due to "excessive levels...

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Sebi orders Saradha Realty to close schemes, refund money

Market regulator Sebi today ordered Kolkata-based Saradha Realty India to close all its collective schemes and refund the money collected from investors within three months, amid continuing protests against the alleged fraudulent activities of the group.In...

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UK investors keen on India but with caution

Finance Minister P Chidambaram has been on the road selling the India story from London to Washington. Investors from India's third biggest FDI source the UK, though cautious, are looking at India again. CNBC-TV18's Ashmit Kumar spoke Richard Heald,...

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Mahindra Lifespaces Q4 net up 95% at Rs 82 crore

Mahindra Lifespaces , part of the Mahindra group, on Monday posted a 95-percent increase in its consolidated net profit at Rs 82 crore for the quarter ended March 31 mainly on the back of improved sales. Its net profit for the same quarter last fiscal...

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Food Security Bill estimates subsidy of Rs 1.23 lakh cr

Implementation of the National Food Security Bill (NFSB), aimed at providing legal entitlement to food to around 67 percent of the population, is likely to cost the exchequer around Rs 1.23 lakh crore, the government said on Monday."As per the provision...

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Passports should end doping system "disaster" - Berdych

By Gregory Blachier MONTE CARLO (Reuters) - Current anti-doping measures in tennis are a "disaster" and the introduction of biological passports can only improve matters, world number six Tomas Berdych said. "The system right now... I don't know how...

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Will.i.am, Bieber play second fiddle to Rudimental in UK charts

LONDON (Reuters) - London drum'n'bass quartet Rudimental notched up a second number one in Britain's official singles charts on Sunday, at the expense of global stars Will.i.am and Justin Bieber who had to be content with the number two spot. Rudimental's...

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