Congress leader Siddaramaiah took over as the 28th chief minister of Karnataka today in a ceremony attended by over 30,000 people. The 64-year-old spoke to K.R. Balasubramanyam about his plans for the state.

Domestic passenger car sales declined by 10.43 per cent to 1,50,789 units in April this year compared to 1,68,354 units in the same month of 2012.

The global lubricants manufacturer stayed put in the country despite unfriendly business environment which scared many others. Castrol has a 25 per cent share of the Indian lubricant industry, and is well ahead of MNC rivals such as Mobil and Shell.

Chairman of Japan's Suzuki Motor Corp (SMC) Osamu Suzuki on Friday met Gujarat Chief Minister Narendra Modi and informed him that the board of company's Indian subsidiary MSI has decided to start the work at Gujarat plant.

Money Today experts answer your personal finance queries - banking, insurance, real estate, taxation and more.

The eurozone-based parent banks are under pressure to deleverage - with potentially serious consequences for a fragile region - but by ensuring orderly deleveraging, they can help to put emerging Europe on a more sustainable growth path, say Erik Berglof and Bozidar Delic.

Newspapers and television channels have been agog with reports of how car sales have declined for the first time in a decade. But what has gone mostly unnoticed is the bloodbath taking place in the commercial vehicle space as well.

Cross-badging,or selling the same car with cosmetic changes under different brand names, has not worked so far in India. This case study looks at where the problem lies: is the strategy at fault or the execution?

Car market shrinks; Confusion reigns; Petrol cars lose market; Diesel prices rise; Higher excise hobbles SUVs; Hatchbacks hit a wall; and new capacity may lie idle.

A survey by Nielsen says the Information Technology sector is the most preferred choice for India's engineering students, with Google, Microsoft and Infosys emerging as the top three most desired employers among them.

M&M said that it has decided to shut down its tractor plants at Jaipur and Rudrapur for a few days to clear up the inventory pile-up.

According to industry data, total sales of vehicles across categories registered a decline of 5.45 per cent at 14,51,278 units in February 2013, against 15,34,910 units in the same month of 2012.

The finance minister's economic legacy runs counter to his image as a friend of big business. In eight Budgets, he has introduced five new taxes - the Minimum Alternate Tax (MAT), the Securities Transaction Tax, the Banking Cash Transaction Tax, the Fringe Benefit Tax and the Commodity Transaction Tax.

Shekar Viswanathan, Vice Chairman & Whole-time Director, Toyota Kirloskar Motor, says the finance minister should have focused on encouraging volumes in the auto industry by reducing taxes.

Shekar Viswanathan, Vice Chairman and Whole-time Director of Toyota Kirloskar Motor, says multi-utility vehicles are used for transportation in the rural sector and the current level of 27 per cent is way too high.

Today, most employees, especially those at managerial levels, find a part of their compensation - which can vary between six and 18 per cent of annual income, listed as variable pay.

BT looks at three companies - one each from the real estate, auto, and aviation sectors - all of them trying to overcome difficulties, and what they can learn from a more successful competitor.

India's foreign direct investment (FDI) inflows fell for the second straight month, declining nearly 19 per cent to $1.10 billion in December 2012 due to global economic uncertainties.

Stock exchanges release a list of illiquid stocks every quarter based on criteria decided by them and the market regulator. Mutual funds hold a few illiquid stocks. These stocks, most of which are not tracked by brokerage houses due to low public float, may turn out to be multi-baggers in the coming years.

After the strong rally in 2012, stock market valuations are back at long-term averages. Mean reversion is our core theme for the next two years - FY 2014 and FY 2015. We see mean reversion across the board - government policy, macro economy, corporate earnings and stock markets.