Ajit Singh bats for FDI in civil aviation

	Ajit Singh bats for FDI in civil aviation Civil Aviation Minister Ajit Singh on Sunday termed the 49 per cent FDI in aviation the single most important policy decision that would transform the country's civil aviation sector. While speaking at the 11th Routes Asia Conference here, he said various policy ...
	Mukesh Ambani stepping down from BofA board Bank of America Corp said on Friday that Mukesh Ambani, chairman of Reliance Industries Ltd, will step down from the No 2 US bank's board of directors at its annual shareholder meeting in May. Ambani joined Bank of America's board in March 2011, ...
	SBI to open 1200 branches, 8 overseas offices next fiscal year State Bank of India (SBI) plans to open about 1,200 branches in the country and another eight branch offices overseas, including China and the UK, in the next fiscal year. Plans are afoot to open two branches each in Bangladesh and the UK and one each in ...
	CIL's 10% stake sale to fetch Rs. 18k cr next fiscal As its disinvestment programme picks up, the government may next fiscal sell up to 10% stake in the world's largest coal producer Coal India Ltd to rake in over Rs. 18,000 crore. "The government is considering to offload up to 10% stake in Coal India through ...
	There is a case for rating upgrade: FinMin The Finance Ministry feels there is a case for a rating upgrade of India by at least a notch or so and agencies like Standard & Poor's and Fitch would be conveyed this view when they visit India next month. "I strongly believe there is a case for S&P and Fitch to ...
	Indian operations likely to achieve break-even by year-end: Telenor Norwegian telecom firm Telenor's Indian arm is expected to break-even by the end of this year, a top official of the company has said. "We expect to break-even by December-end," Telenor Group president and CEO, Jon-Fredrik Baksaas, told PTI. Uninor, the ...
	Subsidiary route: HSBC says ready to follow RBI norms MUMBAI: British banking major HSBC is willing to take whichever route the Reserve Bank prescribes for it to operate in the country, including going the subsidiary way, a top official has said. "We will move whichever way the RBI requires us to do," HSBC India ...
	The industry has fixed an export target of USD 60 billion for 2012-13. "Our traditional markets - the US and Europe - are not recovering at a healthy rate. We can at maximum reach USD 56billion," Engineering Export Promotion Council (EEPC) Chairman Aman Chadha said. He said alth ough exporters have found new markets ...