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Sensex in Red after DMK pulls out of Govt

The BSE Sensex took a heavy beating after the DMK withdrew its support to the Congress-led UPA Government at the Centre, signalling that the collapse of the incumbent government could turn out to be disastrous for the Indian economy. The…

Petrol Prices reduced by Rs 2 Per Litre

In a huge relief to the consumers, the oil companies have slashed the petrol prices by Rs 2 per litre with effective from midnight today. This is the sharpest fall in petrol prices in nine months, which gives a "feel good" impression to…

Feb 2013 Car Sales fall by 25.7 Per Cent

Car sales in February plunged by 25.7 per cent, the biggest fall in more than 12 years. The fuel price hike and slow economy are believed to have put major impact on the demand of automobile in the market. According to data from the…

Cadbury India lands in Tax Evasion Row

Chocolate giant Cadbury has been accused of evading $46 million in taxes by using a non-existent factory. The Wall Street Journal reported that Cadbury India manipulated invoices and other documents to get a tax exemption for companies that…