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The government has cut prices of petrol and diesel by Rs 5 and Rs 2 a litre, respectively, as an interim measure while watching the international prices before effecting more cuts.

Tokyo stocks ended trading down on Friday, as concerns over upcoming US employment data sniffed out modest gains made earlier that day as investors tried to snap up bargains.

The markets opened lower on Friday morning following weak US cues, but immediately managed to recover and are now trading volatile. At 9.56 am, the Sensex fell 57 points to 9,172 and the Nifty lost...

Media conglomerate Viacom, the owner of MTV Networks and Paramount Pictures, announced on Thursday that it was laying off 7 per cent of its workforce as it tries to cut costs during the economic do...

The Dow Jones industrial average fell 215.45, or 2.51 per cent, to 8,376.24. The Standard & Poor's 500 index fell 25.52, or 2.93 per cent, to 845.22, and the Nasdaq composite index fell 46.82, or 3...

In an attempt to boost sales in a depressed market, auto major Hyundai Motor India slashed prices of its cars by up to Rs.33,000, besides offering benefits like free insurance and exchange bonus.

The income tax authorities said telecom giant Vodafone International will have to shell out USD 2 billion (about Rs 10,000 crore) as capital gains tax following a Bombay High Court order.

Data on wholesale prices released by the Commerce and Industry Ministry showed that the index for primary articles, which includes food products, however, rose by 0.1 per cent during the week under...

The markets on Thursday opened marginally higher in early trade but immediately turned volatile following mixed Asian cues. At 10.00 am Sensex rose 35 points to 8,782 and the Nifty gained 7 points ...

Ford Motor Company, General Motors Corp and Chrysler LLC have asked for a total of $34 billion from the government to see them through the economic downturn as sales of vehicles fell to the lowest ...