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Wednesday, May 16, 2007
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Rupee declines
MUMBAI: The rupee cut short a two-session gaining streak on Tuesday and fell by over eight paise to 40.96/97 against the U.S. currency on the back of dollar short-coverings and sustained capital outflows. In volatile trade at the interbank ...

BUSINESS
TVS Motor to roll out Neo in Indonesia next month
Trial production on; newly developed Duralife engine to be shipped from India

Bike to take on Japanese rivals
Showing off the TVS Neo's features during a test drive at Sentul City, Indonesia, on Tuesday, the man behind its design was confident it could hold its own against sophisticated Japanese rivals. "It's an extremely smart bike with a smooth ...

Videocon, Spice Communications to set up plants in China
Chinese steel company plans units in Orissa and south Karnataka

SBI gets nod to reduce stake in subsidiaries
Govt. to retain 51 p.c. in PSU banks: FM tells Lok Sabha

FDI in tobacco: growers, manufacturers divided
HYDERABAD: Foreign Direct Investment (FDI) in the tobacco sector remains a contentious issue with multiple interest groups remaining divided over the same. However, will the Centre allow FDI in the sector remains a moot question with Union ...

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