Friday, 14 June 2013

India Defers Decision on Jet Airways-Etihad Deal

India Defers Decision on Jet Airways-Etihad Deal

India Defers Decision on Jet Airways-Etihad Deal

NEW DELHI—India Friday deferred taking a decision on a proposal of Jet Airways (India) Ltd. to sell a 24% stake to Etihad Airways, saying it would seek more details about the transaction agreement between the two carriers. "It has been deferred. We need ...
Finance Minister P Chidambaram promises more reform measures to boost ...

Finance Minister P Chidambaram promises more reform measures to boost ...

NEW DELHI: In an attempt to woo investors to invest in the Indian markets and economy, Finance Minister P Chidambaram on Thursday said, "A number of measures have to be taken to revise growth in economy, fiscal consolidation tops list, followed by ...
Apollo Tyres rushes to quell debt concerns

Apollo Tyres rushes to quell debt concerns

Seeking to arrest the fall in its scrip on debt concerns due to the Rs. 14,500 crore deal to acquire U.S.-based Cooper and Rubber Co, Apollo Tyres on Friday said only $450 million of the total $2.5 billion debt for the deal will be serviced by its India business.
After Moily

After Moily's remarks, Cong says no lobby behind Reddy's exit

Congress today sidestepped queries on M Veerappa Moily's stunning remark that petroleum ministers are "threatened" by import lobbies saying only he can explain it but stoutly denied any such pressure behind S Jaipal Reddy's exit from the ministry earlier.
Rupee fall won

Rupee fall won't arrest sliding inflation: Pronab Sen

The rupee's dramatic fall against the dollar, former adviser planning commission, Pronab Sen says, will have a muted effect on the inflationary expectations. Pronab Sen, Head ,Statistics Commission · More about the Expert... Markets And Macros at 11:00 am ...
We have a good handle on our bad loans, says SBI Chairman

We have a good handle on our bad loans, says SBI Chairman

State Bank of India (SBI) Chairman Pratip Chaudhuri has said the bank's level of bad loans is not alarming, even though it is witnessing asset quality stress on account of economic slowdown. Hit by higher provisioning for bad and doubtful assets, the bank ...
RBI may cut policy rates by 0.25%, keep CRR unchanged: HSBC

RBI may cut policy rates by 0.25%, keep CRR unchanged: HSBC

RBI Reserve Bank of India is likely to cut policy rates by 0.25% and keep the cash reserve ratio unchanged. (Reuters). Related. HSBC lowers India's FY14 growth forecast to 5.5% from 6% · Chidambaram wants to know why PSBs have not passed on rate cuts ...
Airbus A350 takes off for battle with Boeing

Airbus A350 takes off for battle with Boeing

Toulouse, France: Airbus's new A350 plane roared through its maiden flight with flying colours on Friday, leaving company executives brimming with confidence for the battle with Boeing that lies ahead. Designed to help the European manufacturer catch up ...
FIPB clears Telenor proposal to increase stake in Indian entity

FIPB clears Telenor proposal to increase stake in Indian entity

The Foreign Investment Promotion Board (FIPB), on Friday, cleared Telenor's proposal to increase its stake in the Indian entity Telewings Communications Services Private Ltd to 74% from 49% at present. Move came on the same day that the board deferred ...