Haneef’s Lawyers To Holdup His Bail Posting

Melbourne: Lawyers for Mohammed Haneef may holdup posting his bail as they plan a plea against Immigration Minister Kevin Andrews' assessment to terminate the Indian doctor's work permit.

ONGC Moves Up 33 Ranks On Fortune Listing

Oil and Natural Gas CorporationNew Delhi: Oil and Natural Gas Corporation (ONGC) lifted 33 notches to 369th position in the newly issued 2007 version of Fortune Global 500 list.

According to the company release, “After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), ONGC has moved up steadily, thanks to its advancing topline.”

Market Ends Marginally Up After Weak Performance

Bombay Stock ExchangeThe BSE share index opened its eyes on a positive note at 15,295.03. Later on, it slipped into depressing zone and continued to trade flat for most part of the day. It also touched an intra-day high of 15,341.38 to end the day on a positive note.

Cement stocks were in the public interest, whereas IT, pharma and banking stocks led the declines. Auto stocks displayed mixed inclination.

TCS Q1 Income Up, Declares Dividend

Tata Consultancy Services LtdTata Consultancy Services Ltd (TCS) has annunciated the following audited outcomes for the quarter ended June 30, 2007. The consolidated results are as follows:

North Korea Shuts Down Its Nuclear Reactor

U.S. National Security Advisor Stephen Hadley said it seems the North Korean have indeed close down their major plutonium reprocessing facility at Yongbyon, about 100 km north of Pyongyang.

Ford To Sell Volvo, Reports

Ford Motor Co.Dearborn, Mich. - Ford Motor Co. is setting to sell its moneymaking Volvo luxury brand as it works to return its North American operations to profitability, according to reports.

The Sunday Times reported, the decision to sell Volvo, a part of Ford’s Premier Automotive Group, was made in the past two weeks, but that the timings of the sale had still to be decided,


News in Focus

JioMart Grocery & Fresh Products Service Launches in Many Cities Across India

Mukesh Ambani’s latest ecommerce venture JioMart has launched in additional cities across India after the company ran a pilot project in Mumbai.

Long and Painful Road to Recovery for Automobile Sector: Bosch MD Soumitra Bhattacharya

Bosch India Managing Director Soumitra Bhattacharya feels that Indian automobile sector will need around 3-4 years to recover from the economic slowdown which Indian economy was facing before COVID

Hertz Global Files for Bankruptcy as Car Rentals Business Collapses

Car rentals major Hertz Global has filed for bankruptcy as the company failed to reach a deal with creditors in order to survive coronavirus pandemic led lockdowns.

RBI Reduces Repo-rate by 40 bps for Credit Growth

The Reserve Bank of India has reduced the repo rate from 4.4 percent to 4.0 percent in its latest policy meeting.