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HindustanTimes Tue,23 Dec 2014

Business

An airline is born: Can Vistara soar while others bleed?

Vistara

India's newest airline announced Monday it would start flying next month and was 'enthusiastic' about the future, even as rival carriers bleed red ink. The new airline, called Vistara will make its first flight on January 9. 

Vistara will lease bigger jets if govt scraps global flying rule: CEO

Vistara
Tata-Singapore Airlines-backed full-service carrier Vistara, which will launch commercial operations from January 9, 2015, will lease bigger wide-body jets if the government decides to do away with the 5/20 rule.

Modi concerned over teetering SpiceJet

SpiceJet
Prime Minister Narendra Modi has expressed concern about the situation at no-frills carrier SpiceJet, which has been forced to cancel around 2,000 flights in December, top aviation ministry officials said on Monday.

Can 8 poor Chhattisgarh tribals own 44 acres of land: wonders HC

Alirajpur
Eight poor Gond tribals suddenly find themselves in the spotlight: they are the ‘owners’ of 43.7 hectares of land worth several crores of rupees, at Pusaur in Raigarh district of Chhattisgarh. Ironically, they still seek employment under the welfare scheme MGNREGA.

Zest impact: Tata puts booking of Bolt hatchback online for Rs. 11,000

Tata Bolt first look review
Interested customers can book a Bolt online at bookonline.tatamotors.com by making a payment of Rs. 11,000. The Bolt is the second brand-new product that the car maker is launching following the Zest compact sedan that was launched in August. 

Sensex extends gains, up 87 points in early trade

Bombay Stock Exchange
The benchmark BSE Sensex gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha on Friday.

Rupee recovers 5 paise vs dollar in early trade

Rupee
The rupee recovered by 5 paise to 63.25 against the US dollar in early trade on Monday on fresh selling of the American currency by banks and exporters.

Markets to remain volatile, 2015 outlook positive

Stock markets

Stock markets would be volatile in the near term due to the upcoming expiry of futures and options (F&O) on December 24, according to analysts and brokers.

COAI seeks 5 yr extension in 4G network roll out deadline

HTC
Telecom industry body COAI has requested the department of telecom to extend deadline for roll out of 4G services to 2020 citing various hurdles mainly delay in development of technology and regulatory procedures.

Defence, aviation may attract more dollars

Modi in Australia
The government will strongly pitch its signature ‘Make in India’ initiative that promises to remove bureaucratic sloth, ease procedures and the turn the country into a manufacturing powerhouse.

Jet Airways raises Rs. 950-cr loan from West Asia lenders

Jet Airways

Private carrier Jet Airways on Monday said it has concluded a five-year syndicated loan facility of $150 million (over Rs. 950 crore). The loan facility was fully subscribed to by banks spread across the West Asia region, the airline said in a release.

Govt nudges pvt telcos on broadband for all

Vodafone
The government has sought cooperation of all private telecom operators to collaborate with the telecom ecosystem and work to provide ubiquitous broadband connectivity for all citizens of India.

Oil prices up in Asia on year-end short-covering

OPEC
Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.

Special court verdict in Satyam case likely tomorrow

3
Days after Satyam founder B Ramalinga Raju was convicted in SFIO cases, a special court in Hyderabad is expected to pronounce its verdict on Tuesday in the multi-crore Satyam Computer Services Limited (SCSL) fraud.

Won't cut oil output, Saudi Arabia reiterates

A car owner
Saudi Arabia's oil minister on Sunday defended Opec's decision to keep output steady despite the biggest market slump in years, saying current prices would help global economic growth and petroleum demand, while Arab states would escape major damage.

Looking for a bank loan? Get ready for some additional paper work

Can you trust your lender?

If you are looking for a bank loan to purchase a house, or even a car, you may need to get your credit worthiness — which shows your loan repayment capacity — assessed by more than one rating agency.

more »

 
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