Apple, supplier Foxconn to jointly improve factories

Apple Inc and its key supplier Foxconn Technology Group will share the initial costs of improving labour conditions at the Chinese factories that assemble iPhones and iPads, Foxconn's top executive said on Thursday.

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ArcelorMittal sees higher profits in Q2 after strong start

ArcelorMittal, the world's largest steelmaker, forecast higher profit in the second quarter after surprisingly strong earnings in the first three months of the year. The Luxembourg-based company said demand grew in North America in the automotive, construction and diggers and white goods sectors.

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April car sales in India rise 3.4% year-on-year

Car sales in India rose an annual 3.4% in April, according to data from an industry body, a sixth consecutive monthly increase but lower than in recent months after the country hiked excise duty on the vehicles.

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Air India-Indian Airlines merger was a mistake: Ajit Singh

Civil Aviation Minister Ajit Singh has expressed regret over the Air India-Indian Airlines merger, saying the division was a mistake. Speaking to CNN-IBN, Ajit Singh said that in retrospect that decision did cause problems.

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Indian Government initiates legal action against Kingfisher

All but two major airlines in India have defaulted on paying airport charges, Civil Aviation Minister Ajit Singh said on Wednesday. IndiGo, the only profitable airline in the country, and privately-held Go Air have not defaulted on airport payments, Singh told lawmakers in a written reply.

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No immediate pressure on operating margins says IRB Infra

IRB Infra has successfully retained margins and the company doesn't see any immediate pressure on operating margins. In an interview with CNBC-TV18, V D Mhaiskar, CMD, IRB Infra said that the average cost of capital for the company stands at 11.25%.

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Vodafone tax liability seen at around Rs 20,000 crore says RS Gujral

The government is in no mood to cut Vodafone any slack. In an interview to CNBC-TV18, the finance secretary RS Gujral said that the earlier tax order to Vodafone stands validated by the fin bill  he added that Vodafone's liability is seen at around Rs 20000 crore.

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Reliance Industries Limited increases USD 2 billion loan backed by Euler Hermes

Reliance Industries Limited (RIL)  has signed a USD $ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG earlier this week in Germany.

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