The Pune-based KPIT Cummins Infosystems has clocked a net profit of Rs 50 crore in the third quarter of FY 13, after taking a one-time hit of Rs 9.4 crore.
Audi, the German luxury car manufacturer, today inaugurated its second luxury car showroom Lucknow, the capital of Uttar Pradesh.
AirAsia Berhad finalised its strategic five year review on all its business as it sets course to push its dominance in the Asian region.
Japanese car majors, Nissan and Toyota today logged record sales for 2012, as the auto makers benefited from a pick-up in demand, with Toyota recapturing the world's biggest automobile manufacturer crown from General Motors.
The Saudi Arabia-based petrochemical giant, Saudi Basic Industries Corporation (SABIC) is setting up a new technology and innovation centres in Bangalore in India and Shanghai in China.
The Reserve Bank of India is likely to slash short-lending (repo) rate by 25 basis points (0.25 percent) in the upcoming policy review, says ICRA.
Global business conglomerate, the Hinduja Group is contemplating on widening its footprint in Africa in areas such as transport, infrastructure and coal.
RS Butola, Chairman of Indian Oil Corporation Limtied said that though the retail price revision for diesel would be done once a month or more frequently, it would be in the current range only (45 paise a litre, excluding taxes), while it would take us at least a year to reach a market price.
The automotive liquid petroleum gas segment of oil marketing firms in India had seen humungous growth since September last year, owing to the cap on subsidised LPG cylinders for cooking purposes.
Maruti Suzuki India Limited is already in legal tangle over additional demand of Rs 501 crore by land owners.
Maruti Suzuki India Limited, the biggest car manufacturer in the country has bought land in Gujarat to set up its fourth manufacturing plant.
The Chennai-based commercial vehicles major and flagship firm of the Hinduja Group, Ashok Leyland Limited is contemplating on offloading its stakes in few of its divisions and also in IndusInd Bank Limited.
The new head of Mercedes-Benz India, Eberhard Kern has the onerous task of devising a new strategy to reclaim the pole position in the growing premium car market.
The Chennai-based Shriram Transport Finance Company Limited has posted 19.43 percent growth in its net profit at Rs 375.49 crore for the third quarter ended December 31, 2012.
The Coimbatore-based automotive equipment and air compressor manufacturer has clocked a 14 percent rise in sales to Rs 287 crore in contrast with Rs 252 crore in the year ago period.
