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India's Tata Motors shares jump after strong JLR sales boost profit MUMBAI: Shares of Tata Motors Ltd , India's biggest automaker by revenue, jumped 7.7 percent in pre-open trading after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's first-quarter net profit.Operating margins at its Jaguar Land Rover (JLR) unit rose to 20.3 percent from 15.8 percent a year ago. Copyright Reuters, 2014 ...

India newest airline eyes October launch NEW DELHI: India newest airline announced on Monday flights could begin in October, saying it was "bullish" about the future even as a rival carrier reported a big loss.The new airline, to be called Vistara a Sanskrit word meaning "limitless expanse" is 49-percent-owned by Singapore Airlines, while the Mumbai-based Tata conglomerate controls 51 percent.The airline will offer both business and economy class, new chief executive Phee Teik Yeoh told reporters in New Delhi, and hoped ...
Brazilian bid for Chiquita challenges big banana merger NEW YORK: Two Brazilian companies made a $611 million offer for US banana giant Chiquita Monday that could derail Chiquita's merger with European rival Fyffes.Cutrale Group, one of Brazil's largest juice exporters, and investment bank Safra Group offered $13 a share for all of Chiquita's stock, 29 percent higher than the shares traded on Friday.The two said that they could bring Chiquita "extensive experience in all aspects of the fruit and juice value chain," and ...
Audi says will 'accept penalty' in China anti-monopoly probe SHANGHAI: German luxury car brand Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest auto market, it said Monday.An investigation by Chinese authorities found that an Audi dealer network had "violated national anti-monopoly laws", the brand's China arm said in a statement, adding the Audi joint venture involved had "closely cooperated with the investigation and will accept a penalty".China has recently launched probes into alleged wrongdoings by a host ...
Rival enters fray for Australia's Treasury Wine Estates SYDNEY: Australia's Treasury Wine Estates said Monday that a second private equity firm had approached it with a takeover proposal, after US group Kohlberg Kravis Roberts (KKR) upped its bid.KKR last week increased its offer to acquire all Treasury shares by 10.6 percent to Aus$5.20 per share, valuing the company at Aus$3.38 billion (US$3.14 billion).Treasury said Monday that a new competitor, which had requested its identity remain confidential for now, had matched that offer in ...
Kuwait Airways to avoid Iraq airspace KUWAIT CITY: Kuwait Airways said Sunday it will no longer overfly Iraq in the wake of US air strikes on militant positions there, the latest company to re-route its flights.The airline said the decision concerned flights heading to Europe and the United States."Alternative routes will pass over Iran, Saudi Arabia and Egypt," a statement said.The Federal Aviation Administration in Washington banned all US civilian flights over Iraq just hours after American warplanes Friday carried out ...
China says local, foreign firms treated same in probes BEIJING: China said Saturday that its Anti-Monopoly Law does not discriminate between foreign and domestic companies, as big name overseas enterprises have come under a series of high-profile investigations.The Ministry of Commerce issued a statement noting that foreign firms such as Microsoft and Mercedes-Benz have been probed as has the Chinese unit of a US food supplier.Ministry spokesman Shen Danyang said that anti-monopoly probes were meant to promote fair competition and protect consumer rights. He ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln