Business

Bajaj Auto Limited may launch a low-cost car if Tata's Rs 1 lakh car affects the two-wheeler market in the country.

The Sensex maintained its upward march as it gained over 117 points in early trade on Tuesday.

Finance Minister P Chidambaram countered his NDA predecessor Yashwant Singh and said BJP-led regime's ill-conceived policies.

Finance Minister P Chidambaram on Friday hinted that he was open to reviewing the export duty of Rs 300 per tonne on the mineral.

The markets ended in green with decent gains after swinging between the red and the green territory.

The markets opened on Tuesday with moderate gains in line with its Asian peers. At 0956 hrs, IST the Sensex rose by over 66 points.

The market was extremely volatile as it opened in green but drifted down within few minutes of trade.

The rally was led by Reliance on its plans to merge its subsidiary IPCL to improve the shape of its balance sheet.

Sensex, which had lost more than 117 points a day earlier, recovered by 162.25 points, or 1.24 per cent at 12,741.

With the addition of four more aircraft to Air Deccan’s fleet, it’s fleet strength would go upto 53, including 23 Airbuses.

Major steel companies are set to roll back their recent price hike after a meeting with the steel secretary.

ICICI Holdings would be incorporated by June 1, subject to necessary approvals and may be listed next fiscal.

Employee Stock Options are a fringe benefit and must be taxed, Finance Minister P Chidambaram has said.

Mkts recovered after Federal Reserve Chairman said stocks sell-off hadn't altered Fed's view on US economic growth.

Analysts expect more steps to cool price pressures, with inflation running at a two-year high and the economy expanding at its fastest pace in 18 years.

Railway Minister Lalu Prasad said that the Government had decided to beef up security in Pakistan-bound Samjhauta and Thar Express trains.