Interest rate sensitive realty, bank and auto stocks today plunged during the noon trade on the BSE after the RBI hiked short-term lending and borrowing rates sharply by 50 basis points, a move that would make all personal and corporate loans more expensive.Marketmen said investors lost confidence as the RBI’s decision to hike interest rates by 50 basis points was above the market    .. more …

Auto component maker Wabco-TVS (India) has reported a 22.01 per cent jump in net profit for the first quarter ended June 30, 2011 to Rs 34.15 crore.The company had posted a net profit of Rs 27.99    .. more …

HUBEI, China — July 6, 2011 : China Automotive Systems, Inc. (“CAAS” or the “Company”), a leadingpower steering components and systems supplier in China , today announced that the NASDAQ StockMarket (“Nasdaq”) has notified the Company that it has until July 29, 2011 to file its Form 10-Q for the periodended March 31, 2011 . This notification fromNASDAQ has no effect on the listing or trading of    .. more …