Thursday, 21 March 2013

Euro zone call notes reveal extent of alarm over Cyprus

Euro zone call notes reveal extent of alarm over Cyprus

Euro zone call notes reveal extent of alarm over Cyprus

BRUSSELS: Euro zone finance officials acknowledged being "in a mess" over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of the Cypriot economy. In detailed notes of ...
Vijay Mallya has not given any revival plan for Kingfisher Airlines so far: Ajit Singh

Vijay Mallya has not given any revival plan for Kingfisher Airlines so far: Ajit Singh

Government today said Kingfisher Airlines has not yet given a revival plan to restart operations, even as employees are aggrieved over non-payment of salaries. "All they have to do is satisfy DGCA that they can do safe operation and sustain operations.
Official clears Indian banks of money-laundering

Official clears Indian banks of money-laundering

MUMBAI: A senior Indian central bank official cleared three private banks of money-laundering on Thursday after an undercover media investigation led to the suspension of dozens of their employees. The Reserve Bank of India announced that it would ...
Transporters threaten to go on indefinite strike from April 1

Transporters threaten to go on indefinite strike from April 1

Transporters all over the country have threatened to go on strike from April 1 due to the recent hike in third party insurance premium, partial de-control of diesel prices and levy of anti-dumping duty on import of tyres, among other things. All India Motor ...
SAIL divestment: Floor price for offer for sale fixed at Rs 63 per share

SAIL divestment: Floor price for offer for sale fixed at Rs 63 per share

The Government has fixed the floor price for a 5.82 per cent stake sale in Steel Authority of India (SAIL) at Rs 63, the company announced in a stock exchange announcement late Thursday. The stake sale will take place on March 22. The offer shall take place ...
TN Budget: Strong revenue backs infrastructure thrust

TN Budget: Strong revenue backs infrastructure thrust

Business Line Tamil Nadu Finace Minister O. Paneerselvam, presenting the State's budget for 2013-14, in the assembly, in Chennai on Thursday. -- Photo: Bijoy Ghosh. Tamil Nadu Finace Minister O. Paneerselvam presenting the State Budget for 2013-14 in ...
Tata Motors shares plunge 5%, new fuel efficiency norms in China may impact ...

Tata Motors shares plunge 5%, new fuel efficiency norms in China may impact ...

"JLR needs to lower fuel efficiency by about 10% across these models," stated the Morgan Stanley note on Thursday. Tata Motors share price tanked 5% after the note became public, before recovering slightly, ending the day 4.22% down at Rs 273.75, ...
68 million Indians living in slums: Government census

68 million Indians living in slums: Government census

Releasing the first such census report on slum households prepared by the Registrar General of India, Union Housing and Urban Poverty Alleviation Minister Ajay Maken today said that majority of them were located in Maharashtra, Andhra Pradesh, Tamil ...
Alstom bags Rs.573-cr BHEL deal

Alstom bags Rs.573-cr BHEL deal

French firm Alstom, on Thursday, said it had bagged a contract worth Rs.573 crore from state-run Bharat Heavy Electricals Limited (BHEL) for supply of equipment for a thermal plant at Nabinagar in Bihar. Alstom has been awarded the contract worth $85 ...