TopNews

In the third quarter of this fiscal year Maruti reported decline in profit by 18% at Rs 565.17 crore while its net sales rose by 26.49 per cent to Rs. 9,276.73 crore.

Margins were under pressure mainly on the back of higher royalty payout, increased employee costs, higher discounts and adverse foreign exchange movement. It is believed that all these factors contributed in the decline of third quarter’s net profit, said by MSIL Chief Financial Officer Ajay Seth.

While Dr. D Subbarao, Governor of the Reserve Bank of India (RBI) adheres to his anti- inflation viewpoint, his statements largely contradicts his own stance.

Owing to his recent remarks that the credit growth is going at a fast pace, the country has huge overseas debts, experiencing high fiscal debts with highly unsustainable current account deficits; all of which straight away account to portend nothing but economic slowdown.

In order to fill the large existing space between imports and exports, the demand usually has to be diluted by increasing the cost, for both domestic and merchandized goods.

In a major attempt to square away the 2G spectrum licensing disarray, Telecom Minister Kapil Sibal explained the wide-ranging outlines of the New Telecom Policy (NTP), 2011.

According to this, individual operators would be allotted spectrum of up to 6.2 MHz as permitted in the license specifications and a new additional payment mechanism would be applicable further, which is in contrast to Telecom Regulatory Authority of India’s (TRAI) recommendations made in May 2011.

Expressing security concerns over the restive situation in Egypt, Israel said that the new government in Egypt would let flow of arms to Gaza abridging the Israeli-Egyptian military dialogues.

Muslim Brotherhood had previously that one of its top priority is to hamper the peace treaty if it takes control of Cairo. Senior defense officials of Israel Defense Force (IDF) warned on Saturday that the shift of regime in Egypt would force Israel to budge resources and perhaps augment its force in the South.

Mumbai, Jan 30 - Myriad colour sarees and multi-layered kurtas dominated the red carpet of the 56th Filmfare Awards Saturday night, when celebrities came to attend the coveted and the oldest film award ceremony of Bollywood at the Yash Raj Film studios.

Going Indian was the trend noticed with most actresses opting for traditional wear. While white was the chosen colour of the day with many actresses going in for it, other shades were not left behind either.

Mumbai, Jan 30 - Shah Rukh Khan and Kajol won the best actor and actress award respectively for "My Name Is Khan" at the 56th Filmfare Awards Saturday, which was ruled by small budget movie "Udaan" that bagged as many as eight trophies.

Karan Johar walked away with the best director award for "My Name Is Khan", while Salman Khan starrer "Dabangg" was declared the best film at the gala event, hosted by Ranbir Kapoor and Imran Khan. The two were at their wittiest best.