Friday, 7 June 2013

Jet Airways CEO Nikos Kardassis quits

Jet Airways CEO Nikos Kardassis quits

Jet Airways CEO Nikos Kardassis quits

Naresh Goyal-led airline Jet Airways CEO Nikos Kardassis has resigned after a five-year stint with the company, and chief operating officer Capt Hameed Ali is the interim chief executive, the airline said today. Jet said in a filing to the BSE that Kardassis ...
Mallya says

Mallya says 'has no money to pay Kingfisher Airlines staff'

Kingfisher Airlines chairman Vijay Mallya on Friday told his agitating employees, who began a hunger strike, that he did not have money to clear their salary dues. "I don't have the money to pay your salary dues, because I cannot use the proceeds from the ...
Cautionary advisory against Ranbaxy drugs: Apollo Pharmacy

Cautionary advisory against Ranbaxy drugs: Apollo Pharmacy

New Delhi: Leading pharmacy chain Apollo Pharmacy said on Friday that it has issued a "cautionary advisory" against drugs made by Ranbaxy Laboratories but is still selling products manufactured by the Indian drug maker. "A cautionary advisory was issued ...
New FDI rules a setback for foreign, local retailers

New FDI rules a setback for foreign, local retailers

MUMBAI | Fri Jun 7, 2013 5:04pm IST. MUMBAI (Reuters) - New rules requiring foreign supermarkets to set up their own warehouses and stores in India are likely to further delay the entry of companies like Wal-Mart Stores Inc(WMT.N), increase costs and hurt ...
Rupee slides down 22 paise against US dollar

Rupee slides down 22 paise against US dollar

The Indian rupee on Friday closed below the key 57-mark against US dollar for the first time in a year, sliding by 22 paise, casting a shadow on the economy as imports become costlier, current account deficit (CAD) woes worsen and inflation risks rise. A weak ...
Nifty hits six-week low as rupee drops

Nifty hits six-week low as rupee drops

Key benchmark indices dropped in choppy trade, with investor sentiment hit by a weak rupee. The S&P BSE Sensex reached its lowest closing level in 5-1/2 weeks. The 50-unit CNX Nifty settle at 6-week low. The Sensex lost 90.26 points or 0.46%, off close to ...
Rupee fall: RBI to intervene in forex market only to curb volatility, says Subbarao

Rupee fall: RBI to intervene in forex market only to curb volatility, says Subbarao

Coin The rupee weakened below 57 to the dollar today to approach a record low hit about a year ago. (Reuters). Related. Indian rupee plunges to 10-month low, closes at 56.17 as US dollar demand rises · Govt mulling steps to check huge gold imports: P.
Indian gold hovers near 7-week high; but demand remains weak

Indian gold hovers near 7-week high; but demand remains weak

Indian gold futures edged up, hovering near their highest level in seven weeks, as the rupee weakened to approach a record low, while physical demand remained weak due to seasonal slackness amid limited supplies after restrictions on consignment ...
Buy Maruti Suzuki, downside limited: PN Vijay

Buy Maruti Suzuki, downside limited: PN Vijay

Portfolio manager PN Vijay feels that Maruti Suzuki has benefited from falling yen and raw material prices. He reckons that Maruti Suzuki will be a big beneficiary of the reduction of gap in petrol and diesel prices. Bazaar at 08:00 am ...