Current news

State-owned telecom company MTNL posted a net loss of Rs 604.9 crore

MTNL currently has over 45,000 employees on its rolls

It spent over 30% of its 3,770-crore revenues in the last financial year on employee wages. India’s largest telco, Bharti Airtel , whose

revenues are 10 times that of MTNL, has only 18,000 employees.

For the first six months this fiscal, the telco has reported a loss of Rs 1,056.33 crore, against a net loss of Rs 20.95 crore in the first half of the

previous financial year.

MTNL net loss at Rs 605 crore

There was a significant fall in October's new car registrations, reflecting the impact of the

Scrappage Incentive Scheme at this time last year and some deterioration in consumer

confidenceTotal new car registrations in 2010 are forecast

to be 2.026 million units, 1.5 percent up on 2009

UK new car sales fell 22 pc in October

Toyota on Thursday announced a recall of almost 136,000 compact cars in Japan and Europe to fix a

steering problem.

it will recall 65,000 compact iQ and Passo cars in Japan and about 70,800 in Europe, all of them built

between 2008 and 2010Multiple recalls by Toyota this month have come after a series of mass recalls of around 10 million vehicles

worldwide announced in late 2009 and early 2010 undermined the company's once stellar reputation.

The crisis snowballed, prompting US congressional investigations as Toyota was hit with a record 16.4

million dollar fine to settle claims it had hidden accelerator pedal defects blamed for dozens of

deaths.

Toyota to recall 136,000 cars over steering fault

Food inflation rose 12.85 percent, while the fuel price index climbed 10.67 percent in the year to Oct. 23,

The primary articles index was up 15.43 percent in the latest week compared with an annual rise of 16.62 percent a week earlier.

The wholesale price index , the most widely-used gauge of prices in India , rose 8.62 percent in September compared with an annual rise of 8.5 percent in

August

Food inflation at 12.85 pc y/y as at Oct 23: Govt

State-run Gas Authority of India (Gail) has posted a 29.5% growth in its net profit at Rs

923.5 crore in the second quarter ended September 30, 2010, on higher realisation

from sale of liquid hydrocarbonThe country’s largest gas marketing firm

plans to invest Rs 6,200 crore this financial year to maximise its gains from the current good run and expand its pipeline network

and petrochemical operationsThe company’s net sales in the second

quarter also jumped 30.7% at Rs 8,104.1 crore, he said at a press conference

Gail net up 30% at Rs 924 cr

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