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Is Reliance Industries closing in on Kingfisher Airlines?
MSN – The Mukesh Ambani-owned Reliance Industries may be close to buying the ailing Kingfisher Airlines, according to market sources. The sources say that as part of the deal, Reliance…
Rupee off highs on oil payment, choppy shares
Reuters – The rupee trimmed early gains on Tuesday as demand for dollars from oil importers picked up and choppy shares clouded the outlook for capital inflows. Traders were also…
Sensex, Nifty flat; IGL, GAIL shares hit by tariff cuts
Reuters – Indian shares were flat to higher as banks recovered after recent steep falls, though oil and gas stocks dropped after a directive from a government regulator to cut…
Slowdown may hurt banks’ asset quality – finance minister
Reuters- A slowdown in India’s gross domestic product could impact banks’ asset quality, Finance Minister Pranab Mukherjee said on Saturday. Mukherjee, speaking at an industrial event in Mumbai, added banks…
Parliament likely to consider finance bill on May 7
Reuters – The parliament is likely to consider the finance bill 2012 on May 7, Parliamentary Affairs Minister Pawan Kumar Bansal told reporters on Tuesday. The bill seeks to combat…
BSE Sensex closes at 2-wk high; BHEL gains
Reuters – The BSE Sensex rose to its highest close in almost two weeks on Tuesday, as Bharat Heavy Electricals (BHEL) advanced after posting positive provisional earnings, while lenders gained…
India’s Kingfisher urges pilots not to strike
AFP- The chief executive of India’s cash-strapped Kingfisher Airlines has met pilots and urged them not to strike over a delay in paying salaries, the airline said on Sunday. “Sanjay…
Car sales to fall in 10 years despite growth in January
Car sales grew for the third straight month in January by 7.2 percent, but the industry for the first time since 2002 is expected to miss its annual sales target…
Patna airport No.1 in passenger traffic growth
For the second straight year, Patna airport has emerged No.1 among 46 airports in the country in terms of growth of domestic aircraft movement and number of passengers, says Bihar’s…
Income Tax Department seeks Rs 1,067 crore from Bharti Airtel
The Income Tax Department is seeking 10.67 billion rupees from Bharti Airtel , the country’s top mobile phone carrier, for non-payment of taxes related to its overseas operations. “Bharti Airtel…