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  • AirAsia seeks government nod to launch airline with Tata group

    AirAsia seeks government nod to launch airline with Tata group

    AirAsia, through its investment arm AirAsia Investment Ltd, intends to own 49 per cent of the new airline, with the remaining stake held by the two Indian firms.
  • Budget 2013: Domestic steel makers pitch for hike in duty on steel imports

    Budget 2013: Domestic steel makers pitch for hike in duty on steel imports

    Domestic steel manufacturers want government to hike duty on its imports to rein in dumping of the alloy into the country. "In order to protect interests of the domestic industry, Budget needs to revisit last year's hike in excise duty and take steps to discourage dumping of products," Tata Steel's managing director, H M Nerurkar, said in his Budget wish-list.
  • War over airfares intensifies, Air India joins in

    War over airfares intensifies, Air India joins in

    By evening on Tuesday budget carriers GoAir and Indigo had followed suit with unannounced, discreet price cuts offered through travel and ticketing websites such as Makemytrip.com.
  • Oil prices drop below $95 per barrel

    Oil prices drop below $95 per barrel

    Oil fell below $95 a barrel Thursday as disagreement among US Federal Reserve officials about its super easy monetary policy weighed on prices ahead of the release of a report on US crude inventories.
  • Gold prices drop to lowest level in 7 months

    Gold prices drop to lowest level in 7 months

    Gold futures in India, the world's biggest consumer of the metal, fell 0.9 per cent on Thursday morning to their lowest level in seven months, mirroring a similar trend overseas, though a weak rupee limited the downside.
  • Budget 2013: 5 quick steps to spur growth in retail sector

    Budget 2013: 5 quick steps to spur growth in retail sector

    Retail as an industry does not really have a long Budget wishlist from the Finance Minister compared to some of its cousins in the infra or banking space, as typically many of retail's expectations are related to general policy decisions. Nevertheless, some key initiatives which the Finance Minister may look into to spur growth
  • 2G spectrum: Department of telecom announces third round of auction

    2G spectrum: Department of telecom announces third round of auction

    The apex court in its last week order directed the government to auction the entire spectrum that was vacated by 122 2G telecom licences after the court ordered their cancellation on February 2, 2012.
  • 2G auction: Sistema Shyam says will bid for spectrum; shuts operations in 10 circles

    2G auction: Sistema Shyam says will bid for spectrum; shuts operations in 10 circles

    CDMA operator Sistema Shyam Teleservices (SSTL) on Thursday announced it will participate in the spectrum auction to be held next month and will close operations in 10 service areas after 30 days.
  • Tata and AirAsia's $30 million airline for 1 million rail passengers: 10 facts

    Tata and AirAsia's $30 million airline for 1 million rail passengers: 10 facts

    Malaysia's AirAsia and the Tata group on Wednesday announced plans to launch a regional airline in the country. AirAsia Bhd is Asia's largest budget carrier. The target: "1 million people that travel by train".
  • Federal Bank cuts base rate by 0.25 per cent

    Federal Bank cuts base rate by 0.25 per cent

    South-based Federal Bank on Thursday announced a 0.25 per cent reduction in its base rate, or the minimum rate of lending, at 10.20 per cent.
  • No need to hike import duty: Steel Ministry

    No need to hike import duty: Steel Ministry

    The Steel Ministry has shot down domestic manufacturers' plea for hiking import duty on the alloy, saying there is no need to initiate such an action right now as imports have not reached an alarming level.
  • Oil Ministry proposes rostering of KG-D6 gas supply

    Oil Ministry proposes rostering of KG-D6 gas supply

    With Reliance Industries' KG-D6 gas field output dipping to an all-time low, the Oil Ministry has proposed to roster supplies to power plants to ensure better availability of the fuel.
  • Exide gets CCI nod for buying stake in ING Vysya Life Insurance

    Exide gets CCI nod for buying stake in ING Vysya Life Insurance

    Fair trade regulator CCI has given the green signal to battery maker Exide Industries Ltd's proposal to fully acquire ING Vysya Life Insurance Company, saying the deal will not adversely impact competition.
  • Jet Airways engineers on 'go-slow' mode; airline denies labour unrest

    Jet Airways engineers on 'go-slow' mode; airline denies labour unrest

    Even as its senior executives are reported to be in Abu Dhabi to further negotiate with Etihad on the proposed stake sale to the Gulf carrier, Jet Airways engineers are on a "go-slow" mode following the failure of talks over wage hike and arrears, sources said.
  • Sistema scales back Indian mobile operations ahead of auction

    Sistema scales back Indian mobile operations ahead of auction

    Russian conglomerate Sistema said on Thursday that its Indian mobile phone unit would cease operations in almost half its regions as it prepares to bid in a spectrum auctions re-run.

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