Despite the RBI’s decision to not cut interest rates as widely expected, the stock market gained today, driven largely by gains in index heavyweights and the automobile major Mahindra & Mahindra.
Rajeev Mullick reports.
Shares of Jet Airways slumped over 12% in morning trade on the bourses after the Foreign Investment regulator deferred the Jet-Etihad deal.
There was a time when I used to get emails from Lashkar-e-Tayyaba, the banned Pakistan-based terrorist outfit. I was at that time in Reuters, and global news agencies are used to such communication. The address was markazdawa@hotmail.com — located in the servers of Hotmail, founded by Sabeer Bhatia, son of an Indian army officer. N.Madhavan writes.
Ratan Tata will be the chief advisor to the board of AirAsia India, the joint venture between the Tata Group, Malaysian low-cost carrier AirAsia and Arun Bhatia, a close relative of steel magnate Lakshmi Mittal. HT reports.
Low-cost carrier AirAsia today announced industry leader Ratan Tata as chief advisor to the board of its Indian venture and promised 'Nano' airfares once it begins operating flights in the country.
IndiGo airlines has announced introduction of new daily non-stop flights connecting Oman's capital Muscat to Mumbai from June 16.
Jet Airways and Etihad may have to re-work the ownership structure proposed in the
Rs. 2,058 crore deal with key ministries including Civil Aviation and Corporate Affairs raising concerns over ultimate control of the domestic carrier.
The Finance Ministry has floated a draft Cabinet note for 10% stake sale in Coal India through the Offer For Sale (OFS) route, which could fetch around
Rs. 20,000 crore to the exchequer.
The Indian economy is in a crisis with growth slowing down, fiscal and current account deficits running high amid persistent inflation, says a study by an economic think tank.
With mixed signals on the economic front, stock market is likely to see volatility this week as investors track Reserve Bank's policy as well as US government's monetary easing steps, feel experts.
A consumer forum has directed SBI Card and Payment Services Ltd to pay Rs. 12,000 as compensation to a customer for putting her name in CIBIL's defaulters list despite an assurance that the annual fees of her credit card would be free for lifetime.
The surprise departure of Royal Bank of Scotland boss Stephen Hester, reportedly at the request of the British government, has sparked questions about the strategy for the state-rescued lender, according to analysts.
In spite of last day recovery on hopes of rate cut from Reserve Bank of India, both the key indices, S&P BSE benchmark S&P Sensex and Nifty ended in the red by over 1% for the second consecutive week on persistent selling pressure following fall in the rupee value to an all-time low.
The Mahindra & Mahindra Group formed a global alliance with Spain’s CIE Automotive to form an auto components company with a global presence and revenues of over
Rs. 15,000 crore.
It will take at least three years to rebuild Infosys, newly reappointed executive chairman NR Narayana Murthy told the company’s annual general meeting in Bangalore on Saturday shortly after being formally elected a director of the company. Manu P Toms reports.