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Debt-ridden RCom's net drops
Reliance Communications reported a 61 per cent fall in quarterly profit, its 10th straight quarter of declining profit, as the country's second-biggest mobile phone operator by subscribers struggles with its heavy debt load. Reliance Communications, controlled by billionaire Anil Ambani, said consolidated net profit fell to Rs 186 crore for its third quarter ended December from Rs 480 crore a year

RIL raises $1 billion

Reliance Industries (RIL) has raised $1 billion (nearly Rs 5,000 crore) by selling foreign currency bonds to investors abroad through its arm, Reliance Holding USA. The bonds carry a coupon of 5.4

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Rupee's 9-week big fall

Suspected dollar sales by the Reserve Bank of India helped the rupee recover all intraday losses on Friday, but the currency still posted its biggest weekly fall in nine weeks. Traders said

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Reliance Comm Q3 net falls 61 pct

Reliance Communications reported a 61 percent fall in quarterly profit -- its 10th straight quarter of declining earnings, but in line with market estimates - as the country's second-biggest mobile

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McDonald's key revenue figure up 6.7 pct. in Jan.
McDonald's Corp. said Wednesday that a key revenue figure climbed 6.7 percent in January as U.S. customers spent more on breakfast items, beverages and its new Chicken McBites.

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Car sales head for first annual fall in 10 years
Annual car sales are likely to drop for the first time since 2002 in the year ending March after January sales fell short of expectations, an industry body said.

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