A healthy 14 per cent jump in passenger traffic during the April-January period of this fiscal has helped the ailing national carrier Air India bring down its operating losses by around Rs 1,300 crore, according to a senior airline source. read more »
The Supreme Court today took strong exception to telecom company S Tel`s corresponding with the government on 2G spectrum allotment at a time when the matter was subjudice. read more »
Aegon Religare Life Insurance, a joint venture of the Netherlands-based Aegon and India`s Religare Enterprises, plans to double its headcount to 3,600 in the next financial year. read more »
Credit growth of banks rose by 15.5 per cent at Rs 31.78 lakh crore for the fortnight ended February 26, raising expectations that it could breach the Reserve Bank of India`s projection of 16 per cent by March-end. read more »
FMCG giant Procter & Gamble today said it is increasing the weight of the packs of its detergent `Tide Naturals` by 25 per cent without hiking prices to enhance its market penetration. read more »
The ailing national carrier Air India has decided to increase the domestic capacity by 10 per cent from March 29 to tap the summer rush, besides introducing in-flight entertainment on the metro routes, according to a senior airline official. read more »
Citigroup and Fidelity International have received approval to sell their stakes in the Multi Commodity Exchange of India (MCX), the commodity markets regulator Forward Markets Commission (FMC) said today. read more »
British insurer Standard Life Plc today said it will look at increasing stake in the Indian insurance joint venture with HDFC and explore the possibility of listing the business in India. read more »
The Reserve Bank of India (RBI) today said the proposed new base rate, which will replace the benchmark prime lending rate (PLR) from July 1, will bring in more transparency to the loan pricing process, benefiting the end-customers. read more »
Amid allegations of mismanagement, `CAT-2009` convenor Satish Deodhar today said barring initial glitches the first computer-based test was successful and indicated that it would be held in same format in future. read more »
The stock gained Rs47.15, or 52.4%, to Rs137.15 in Mumbai read more »
It decided that companies will conduct pilot projects in Mumbai to conserve power read more »
Launched in December 2009, Tide Naturals, a 30% cheaper variant of Tide, has since gained 0.6% marketshare in the Rs13,200 crore fabric care market read more »
The project will require an investment of around Rs5000 crore and is slated to be commissioned by 2017. GVK has been allotted the project on a build, own, operate and transfer (BOOT) basis for a period of 35 years read more »
Bonds kept in this category are not required to be marked to market, or valued at their current price rather than at the prices they were purchased read more »