Auto firms halt production as demand slump continues

Auto firms halt production as demand slump continues .Hit by a demand slump; Toyota Kirloskar Motor has stopped production of its all petrol cars, while others like Fiat are considering shutting down plants for a few days next month.

31 Indian shortlists in press, outdoor and media

After direct, promo & activation, shortlists were announced in media, press and outdoor on day two of the Cannes Advertising Festival.

HCC only Indian firm featured in UN climate report

Hindustan Construction Company (HCC), a leading infrastructure construction and development company, was the only Indian company to be featured in the climate report issued by the United Nations Global Compact and United Nations Environment Programme.

JLL hires new CEO

Anurag Mathur, former managing director of global property consultant Cushman & Wakefield, has joined Jones Lang LaSalle (JLL) India, another property consultant, as chief executive, project and development services and head, emerging businesses.

GVK eyes $500-$600 mn unit stake sale - sources

GVK Power and Infrastructure is seeking to raise $500 million to $600 million by selling a stake in its Singapore arm and is in talks with Government of Singapore Investment Corp for a potential deal, two sources with direct knowledge of the matter said.

Veritas downgrades RCom, puts target price at Rs 15

Canada-based equity research firm Veritas has downgraded Reliance Communications, India's second-biggest mobile phone carrier by subscribers, to "sell" and has put a target price of Rs 15.

HPCL, BPCL, IOC surge on crude prices

Reuters Market Eye - State-owned oil companies rally as crude prices continue to slump, leading traders to bet on them as one of the domestic sectors to outperform during a period of uncertainty.

Rupee falls on oil demand; hits over 2-week low

Reuters Market Eye - Rupee trading at 55.97/99 from 55.9050/9150 close on Monday on the back of dollar demand from oil firms and other importers, though it is off a session low of 56.0850, its lowest in more than two weeks.

LONDON - Brent crude futures hit a fresh 16-month low at $94.44 a barrel on Tuesday on slack demand due to fears about the slowing the euro zone economy ahead of Spanish bond sales.