Bharti Enterprises and Reliance Industries on Friday terminated talks for the stake sale in Bharti AXA insurance companies due to differences over issues related to long term vision and joint governance. “AXA, Bharti, Reliance Industries (RIL) and its associate Reliance Industrial Infrastructure (RIIL) announced today that they have mutually agreed to terminate their negotiations on […]
Prime Minister Manmohan Singh will hold a meeting with chiefs of all Indian airlines on Saturday to discuss the situation being faced by the cash-strapped carriers and other related issues. Civil Aviation Minister Vayalar Ravi said the air carriers had sought a meeting with the Prime Minister. “Prime Minister was good enough to give time […]
The BSE benchmark Sensex fell by over 151 points in opening trade on Friday as participants booked gains recorded in the previous session amid a weakening trend on other Asian bourses. The 30-share Sensex, which closed 158.52 points higher in the previous session, fell by 151.47 points, or 0.95 per cent, to 15,707.02 in opening […]
The Cabinet on Thursday approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act. “The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session,” a Corporate Affairs Ministry official said after the Cabinet meeting. The Bill, which has already […]
Petroleum Minister S Jaipal Reddy on Thursday hinted that the government will not rush into raising retail fuel prices just yet, even though a falling rupee has increased cost of oil imports. “Depreciation of rupee has naturally created unprecedented problems. This will lead to under recoveries (revenue loss) of more than Rs 1,32,000 crore (in […]
Pushing a major reform, the government on Thursday allowed 51 per cent foreign investment in the multi-brand retail, paving way for global chains like WalMart, Carrefour and Tesco to open mega stores in 53 major cities. The decision, a game-changer for the estimated USD 590 billion (Rs 29.50 lakh crore) retail market, is taken at […]
The BSE Sensex recovered from 2-year low on Thursday by gaining over 158 points at 15,858.49 amid easing food inflation, strengthening rupee and firm European markets as investors squared positions during the settlement of this month’s derivative contracts. The market remained in the negative terrain till late afternoon trade as most of the Asian markets […]
The BSE benchmark Sensex extended losses and fell by nearly 55 points in opening trade on Thursday to hit a two-year low of 15,645.22, as funds and retail investors offloaded their positions in the absence of any positive cue. A weakening trend on other Asian bourses in line with overnight losses at the US market, […]
Civil Aviation minister Vayalar Ravi on Wednesday said Air India and its subsidiaries owe 2,310 crore rupees to the oil marketing companies. In a written reply to the Lok Sabha, Mr Ravi said till the end of the first fortnight of September, Air India has a total due of over 2,310 crore rupees of which […]
The Reserve Bank of India (RBI) has stated in a press release issued in Mumbai that it will shortly issue new Rs.100 denomination currency notes incorporating the ‘Rupee’ symbol. The RBI has stated that the new notes will be issued in the Mahatma Gandhi Series – 2005 and will bear the signature of the RBI […]
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1. Top 5 Companies Offering WiFi-Enabled Curtain Motors for Ultimate Control
2. Yoga Therapist Ranjana Chhabra Announces 14-Day Face Yoga Workshop
3. Coca-Cola SLMG Appoints Costin Mandrea as CEO
4. Apparel Group’s R&B Unveils Festive Collection Across 109 Stores in GCC