Monday, 29 April 2013

Airlines to soon charge for check-in bag, preferred seat

Airlines to soon charge for check-in bag, preferred seat

Airlines to soon charge for check-in bag, preferred seat

Domestic air fare will now depend on the service you want. While checking-in a bag or getting that preferred seat will cost more, you need to pay just the base price for no-frills travel be it on a full service or a low-cost airline. The Ministry of Civil Aviation today ...
Hindustan Unilever shifts bets to volume growth

Hindustan Unilever shifts bets to volume growth

HUL's net profit (before exceptional items) rose 18.1% over the year-ago period, which is good growth, especially considering it is coming on the back of higher volume growth. Photo: Pradeep Gaur/Mint. Also Read. Sensex gains; blue-chip earnings cheer ...
Tata Industries to invest in technology, R&D at Tel Aviv University

Tata Industries to invest in technology, R&D at Tel Aviv University

Tel Aviv: Tata Industries will invest $5 million in a new Tel Aviv University (TAU) technology fund, saying it sees the university as its Israeli research and development centre. The Tata subsidiary will be the lead investor in a planned $20 million fund at TAU's ...
Hero signs wage settlement pact with Gurgaon plant workers

Hero signs wage settlement pact with Gurgaon plant workers

New Delhi: Hero MotoCorp Ltd (HMCL) has signed a three-year wage settlement agreement with its workers at its Gurgaon plant after months of negotiations, the two-wheeler major said in a statement on Monday. It is understood that the company has agreed ...
Naresh Goyal to bring down his Jet stake to 51%

Naresh Goyal to bring down his Jet stake to 51%

MUMBAI: Jet Airways today said its promoter and chairman Nareh Goyal will bring down his stake in the company to 51 per cent to meet the Sebi requirement of 25 per cent floating shares. The airline has decided to give three director posts to Etihad Airways ...
MCX-SX to launch trading in F&O on SX40 from May 15

MCX-SX to launch trading in F&O on SX40 from May 15

MUMBAI: MCX Stock Exchange (MCX-SX) today said it will introduce trading in derivative contracts on its flagship index — SX40 — from next month. "MCX-SX will introduce trading in futures and options (F&O) on its index SX40 from May 15, 2013," the ...
What is a chit fund?

What is a chit fund?

Saradha Group has been under intense media scrutiny in the last few weeks. The collapse of its public investment schemes, run under the façade of a collective investment scheme (CIS), which is regulated by the Securities and Exchange Board of India, ...
Provisioning for bad debt pushes IOB net down 88%

Provisioning for bad debt pushes IOB net down 88%

Provisioning hit: M. Narendra, CMD, IOB, flanked by A.K. Bansal (left) and A.D.M.Chavali, Executive Directors, in Chennai on Monday. — Bijoy Ghosh. Bank cuts dividend; share dives to 52-week low. Chennai, April 29: The net profit of Indian Overseas Bank ...
More relief likely from falling crude oil prices

More relief likely from falling crude oil prices

Falling crude oil prices could bring some relief to users, with public and private oil marketing companies (OMCs) planning to cut retail fuel prices. While government-controlled OMCs could reduce the petrol price by around Rs 2.50 a litre, Essar Oil is planning ...
First-year premium of life insurers down 6.3% in FY 2012-13

First-year premium of life insurers down 6.3% in FY 2012-13

The first-year premium underwritten by life insurers declined 6.32 per cent at Rs. 1,07,013 crore in the financial year ended March 31, 2013, compared with Rs 1,14,234 crore last year. According to data released by the Insurance Regulatory and Development ...