Wednesday, 24 April 2013

Why the Jet-Etihad deal is good news for Indian passengers

Why the Jet-Etihad deal is good news for Indian passengers

Why the Jet-Etihad deal is good news for Indian passengers

Indian fliers may benefit significantly from the deal between Jet Airways and Etihad Airways. "It's a game-changing opportunity for Etihad, and a game-changing opportunity for India," Kapil Kaul, regional head of the Centre for Asia Pacific Aviation (CAPA), said ...
Jet Airways shares soar 20% on Etihad deal

Jet Airways shares soar 20% on Etihad deal

Shares of Jet Airways on Thursday surged 20 per cent to touch a one-year high level in early trade after the company announced plans to sell 24 per cent equity to Etihad Airways for about Rs. 2,058 crore. Cheering the news, which came on a non-trading day ...
Axis gains 3.7 percent as results beat estimates

Axis gains 3.7 percent as results beat estimates

Thu Apr 25, 2013 11:42am IST. Reuters Market Eye - Axis Bank(AXBK.NS) shares rise 3.7 percent after the bank posts better-than-expected March quarter results. Results, which came on Wednesday, showed net profit was at 15.55 billion rupees versus ...
Saradha Group crisis: Corporate Affairs Ministry may order probe

Saradha Group crisis: Corporate Affairs Ministry may order probe

Corporate Affairs Minister Sachin Pilot along with senior officials is likely to hold a meeting on Thursday to look into the functioning of various chit funds including issues related to Saradha group companies in the wake of chit fund scam. The ministry is likely to ...
Rupee up 21 paise at 54.18 in early trade

Rupee up 21 paise at 54.18 in early trade

The rupee today opened stronger at 54.18 against the dollar at the Interbank Foreign Exchange market on stronger domestic equity market and a weaker American currency. The Indian unit had closed weaker at 54.39 on Tuesday. The forex market was ...
Will keep 2013-14 fiscal deficit below 4.8%

Will keep 2013-14 fiscal deficit below 4.8%

India will limit the fiscal deficit for 2013-14 to below 4.8 percent of gross domestic product, finance minister P Chidambaram said on Wednesday. Speaking at the India Summit conference organized by The Economist magazine in New Delhi, Chidambaram ...
Will residential real estate suffer same fate as gold?

Will residential real estate suffer same fate as gold?

With gold prices currently on the descent, many investors are asking themselves if residential real estate prices will follow. Gold and real estate are the two primary investment routes for retail investors in India, so this is definitely a valid question to ask.
Roubini says India far from doomsday, can better BRICS peers

Roubini says India far from doomsday, can better BRICS peers

Even as the world is undergoing a slowdown with concerns across the developed and developing economies, India is positioned far better not just against the developed countries but even amongst the BRICS countries, said noted American economist ...
GMR CFO steps down

GMR CFO steps down

The group's chief financial officer Amarthaluru Subba Rao has quit. He will be replaced by another company veteran Madhu Terdal. “Mr Subba Rao Amarthaluru, group chief financial officer, has decided to pursue his career interests elsewhere. Mr Madhu ...
Sistema Shyam Teleservices (SSTL) gets new CEO

Sistema Shyam Teleservices (SSTL) gets new CEO

Russian conglomerate Sistema has shuffled its top deck in India as it gears up for a fresh innings in the country, including a larger 4G play. Russian conglomerate Sistema has shuffled its top deck in India as it gears up for a fresh innings in the country, ...