SpiceJet offers fares starting Rs 99
Wednesday, October 22, 2008 at 5:10 am
At a time when many airlines are taking steps to save on increasing costs, no-frills carrier SpiceJet has announced a fresh round of low fares starting at as low as Rs 99 across its network. “We want to encourage people to continue to fly in these hard times to close their business deals and visit their families and friends,” SpiceJet Chief Commercial... Read more »
Banks hoping for more rate cuts: Deepak Parekh
Wednesday, October 22, 2008 at 5:10 am
The banking industry is hoping for more rate cuts by the Reserve Bank, which in turn, will help soften both deposit and lending rates, a top financial industry expert said. “Yesterday, the RBI has cut repo rates and we hope some more reductions take place in rates,” HDFC Chairman Deepak Parekh said. The Reserve Bank had yesterday cut its key short-term... Read more »
ICICI JV ‘highly productive’: Prudential
Wednesday, October 22, 2008 at 5:10 am
British major Prudential Plc on Tuesday (October 21) said that the firm’s insurance joint venture with India’s leading private sector lender ICICI Bank is “highly productive” and “value enhancing.” The Indian JV ICICI-Prudential has also increased its market share to 14 per cent from 10 per cent, till August 2008, the UK giant... Read more »
Rupee steady at 49.00/49.01 against a dollar
Wednesday, October 22, 2008 at 4:10 am
The Indian rupee today ended steady at 49.00/49.01 against the greenback as dealings in the exchange market were lacklustre due to a strike by the Reserve Bank employees. Despite consolidation in equity markets, the domestic unit moved in a range of between 48.9500 and 49.1550 during the day. It had closed at 48.99/49.00 a dollar on October 20. Forex dealers said... Read more »
PM asks Deora, Patel to end oil cos-airlines face-off
Wednesday, October 22, 2008 at 3:10 am
Prime Minister Manmohan Singh is believed to have stepped in the stand-off between state-run oil companies and private airlines over unpaid fuel bills issue, asking Oil Minister Murli Deora and Civil Aviation Minister Praful Patel to resolve it at the earliest. Singh on Monday spoke to Deora, who has now called a meeting of oil companies and airlines... Read more »
Sensex up 460 points on IT, realty stocks
Wednesday, October 22, 2008 at 3:10 am
Stock markets on Tuesday (October 21) rose for the second day in a row with the benchmark Sensex registering a gain of 460 points on heavy buying in consumer durables, realty and Information Technology counters. The Bombay Stock Exchange (BSE) barometer closed the day at 10,683.39, higher by 460.30 points, or 4.5 per cent, from its last close. The wide-based National... Read more »
GE, BHEL ties up bid for 1K locomotive tender
Wednesday, October 22, 2008 at 3:10 am
General Electric Transportation, a unit of American diversified conglomerate GE, has joined hands with state-run Bharat Heavy Electricals Ltd to bid for the 1,000 diesel locomotive tender issued by the Indian Railways. According to a release issued by GE Transportation on Tuesday (October 21), the company was recently shortlisted by the Indian Railways to compete for... Read more »
No sensitive documents given to RIL: Oil Minister
Wednesday, October 22, 2008 at 3:10 am
Government today (Oct 22) clarified that no papers of sensitive nature were ever given to Mukesh Ambani-run RIL or its Canadian partner Niko Resources, and added they were provided only those papers needed to implement the decision on pricing of natural gas from their field. “No papers of secret nature have been sent to these companies (Reliance and Niko),”... Read more »
EU action averts worst risks of financial crisis: IMF
Wednesday, October 22, 2008 at 3:10 am
The International Monetary Fund (IMF) said today that Europe should avoid the major risks posed by the global financial crisis thanks to the EU’s coordinated “crisis management” measures. “Even though the global financial crisis will cause a sharp deceleration of economic activity, the comprehensive crisis management actions being undertaken should... Read more »
India adds 10 m mobile users in Sept
Wednesday, October 22, 2008 at 2:10 am
Even when consumer spending is low due to double-digit inflation and pernicious global financial crisis, India has registered a whopping 10 million new mobile phone subscribers in September. According to the figures released by industry, GSM operators added 7.69 million new subscribers, while CDMA operators added 2.34 million new users taking the total mobile subscriber... Read more »
Headlines from Indian Stock Market
- Prices of Oil Slaps down in Asia
- World largest ocean divided into 3 Parts for Protection, Established by Bush
- We Work Closely on Gaza Metter: UN to Arab
- Karachi Stock Exchange slaps down
- Admin Office of Political party in Mohmand Agency Blown up
- President Postpones His Afghan Visit
- No confidence motion against AJK PM moved
- Sindh National Front Chief to file Benazir Assassination FIR
- Regretful Allegations by Manmohan: Durrani
- No-trust motion tabled in AJK Assembly
Featured Video News
Advertisement
Advertisement
Email Subscription
