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Sundaram-Clayton announces five day week

Chennai, Aug 23 (IANS) Automobile component maker Sundaram-Clayton Ltd on Friday said owing to business slowdown, its major plants will have five working days in a week. In a regulatory filing, the company said: “The…


Stimulus hopes drive markets higher

Mumbai, Aug 23 (IANS) Gaining over 600 points from the day’s low the Sensex closed 228 points higher on Friday on renewed hopes of a stimulus hours ahead of an address by Union Finance Minister…






Structural reforms needed to spur growth: Report

Mumbai, Aug 23 (IANS) Amid subdued consumption demand and concerns of an economic slowdown, a report by Kotak Institutional Equities has said that structural reforms would be major step for achieving higher GDP growth. The…