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Since 1st March, 1999
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Business Briefs

Sebi report on bank scrips

Mumbai, June 21: Capital market entities have submitted data on trading in public sector banks to the Securities and Exchange Board of India and the market regulator is expected to submit a detailed report to the finance ministry next month. Intermediaries have submitted necessary data and the regulator was processing it, Sebi chairman G. N. Bajpai told reporters on the sidelines of a seminar organised by the Interconnected Stock Exchange of India here today.

Forex reserves

Mumbai, June 21: After witnessing a dip in inflows in the previous week, the upswing for India’s foreign exchange reserves continued as they touched a new record high by crossing $ 82 billion during the week ended June 13. The country’s foreign exchange reserves increased by $ 749 million at $ 82,421 million in the period under review, according to the Reserve Bank of India’s weekly statistical supplement issued here today.

Toyota prices

Bangalore, June 21: Toyota Kirloskar Motor said today the company may hike the price of its models in July due to increased input costs of steel, diesel and transportation tariffs. “We have not finalised on quantum of price hike to be taken next month,” Toyota Kirloskar deputy managing director K. K. Swamy told reporters here at the launch of a new variant of diesel version Qualis Royal Saloon.

Bajaj office

Dubai, June 21: Bajaj Auto, one of the largest two-wheeler makers in the world, has opened its first overseas office in Dubai aiming to boost exports which topped $ 70 million last year. “Opening of the Dubai office at the Jebel Ali free zone in Dubai is part of the company's efforts to double the exports in the next couple of years with the target for this year set at $ 100 million,” Rajiv Bajaj, joint managing director, Bajaj Auto told reporters.

Air Deccan

New Delhi, June 21: Regional airline Air Deccan has placed a $ 21 million order for purchase of four turbo-prop aircraft from european aircraft consortium Avions de Transport Regional (ATR) to commence scheduled operations in the country.

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