Siam News

The rupee on Wednesday declined by a hefty 37 paise to trade at a fresh six-month low of 55.83 in early trade at the Interbank Foreign Exchange market on sustained dollar demand and strengthening of the US currency overseas. Visit link: Rupee down 37 paise against dollar in early trade

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Ranbaxy might have cross the hurdle of allegations of supplying poor-quality drugs but the episode will hit the Ranbaxy as well as other Indian pharmaceutical firms’ businesses in the future, market analysts believe. Ranbaxy, which is now owned by Diiachi Sankyo of Japan, pleaded guilty to criminal charges of adopting poor manufacturing practices and supplying [...]

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Tata Sons Ltd on Friday confirmed that its decision to cancel its offer for sale (OFS) of shares in its subsidiary Tata Teleservices (Maharashtra) Ltd. The OFS was announced on Wednesday, when Tata Sons said that it would sell a total of 51,623,679 shares, or 2.72 per cent of the equity capital of the Tata [...]

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A committee looking into US giant Walmart’s lobbying activities to enter India today submitted its report to Corporate Affairs Minister Sachin Pilot. Excerpt from: Panel probing Walmart lobbying submits report to govt

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After staying in double digits for four months in a row, India’s retail inflation slipped to 9.39 per cent in April. In March, retail inflation was recorded at 10.4 per cent. The core consumer price index (CPI) inflation, which excludes food and fuel, slipped from 8.7 per cent in March to 8.2 per cent in [...]

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Jet Airways on Tuesday said it has got regulatory extension to meet the mandatory 25 per cent public shareholding norm in the private airline. In a filing to BSE, Jet said Sebi, on May 13, relaxed the requirement of 12-week cool-off period after the proposed inter se transfer of shares to enable the company to [...]

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Jubilant Foodworks, the operator of Dunkin Donuts and Dominos Pizza brands in India, on Thursday reported a year-on-year increase of 11.52 per cent in net profit for the quarter ended March 31 this year. The company announced that its net profit jumped to Rs 32.17 crore in the January to March quarter, from Rs 29.33 [...]

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Diesel prices were on Friday hiked by Rs 0.90 per litre, excluding local sales tax or VAT. This is the fourth increase in diesel rates in 2013. State-owned oil firms, which had been mandated in January to raise prices by up to 50 paisa per litre every month till entire losses on the fuel are [...]

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