Business

TNI Bureau: Former Wall Street expert Rajat Gupta was sentenced to two years in jail by a New York court in connection with the insider trading crimes. He was also ordered to pay a fine of $5 million. Gupta apologised to all his friends,…

TNI Bureau: Vijay Mallya has continues to give a miss to the media and Kingfisher employees even as the crisis within the airlines has deepened further. Mallya is reportedly having a leisure in Europe, while the Kingfisher employees are on…

TNI Bureau: Sony Corp announced that it will cut jobs of around 2,000 staff at its headquarters in Japan. Recently the company revealed this plan providing new details of a previously announced plan to trim its global headcount by 10,000 by…

TNI Bureau: Australian diplomat and High Commissioner Peter N Varghese would meet Odisha Chief Minister Naveen Patnaik and Chief Secretary B K Patnaik today during his three-day visit to the state after the Odisha Mining Corporation (OMC)…

TNI Bureau: Tata Motors launched its new Sports Utility Vehicle (SUV) Safari Storme at a starting price of Rs 9.95 lakh. The vehicle is also known as the Tata Merlin. The firm, which is the first to introduce SUV in India, has come up with…

TNI Bureau: Mahindra & Mahindra on Wednesday launched the Rexton, first high-end SUV under Sang Yong banner at a starting price of Rs 17.67 lakh for Manual transmission model and Rs 19.67 lakh for the Automatic transmission model. The…

TNI Bureau: India's largest passenger car maker Maruti Suzuki India Ltd today unveiled the much-awaited Alto 800. The car is priced at Rs. 2.44 lakh and comes with an 800 cc engine, which can churn out 45.7 bhp of power at 3500 6000 rpm and…

TNI Bureau: The uncertain economic scenario in India has forced the International Monetary Fund (IMF) has reduced the country's growth to 4.9 percent for 2012. In July, the IMF had predicted 6.1 GDP growth for India. The IMF said that…

TNI Bureau: After pushing FDI in multi-brand retail and aviation, the UPA II government has taken another progressive step by increasing the FDI in insurance to 49% from the existing 26%. The Cabinet also approved 26% FDI in pension.…

TNI Bureau: There is more good news for the Indian market. The Indian Rupee breached the 52-leve to reach 51.93 against the US Dollar - highest in the last 5 1/2 months. The BSE Sensex also breached the 19,000 mark - first time since July…