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Business

SpiceJet tops On-time performance

New Delhi : SpiceJet, India’s second largest low cost was #1 in on-time performance for the month of December 2013, as per DGCA statistics. This is the result of SpiceJet’s renewed focus on delivering superior customer experience, based on the principle of SOCCH: Safe, On-time, Clean, Courteous and Hassle-free. With total score of 82.2% of […]

Banking

IDBI Bank Wins the Golden Peacock CSR Award for the year 2013

Mumbai : Shri M.S. Raghavan, CMD, IDBI Bank along with Shri B.K. Batra, DMD, IDBI Bank received the coveted Golden Peacock CSR Award for the year 2013 at a glittering function held in Bengaluru on January 17, 2014. The awards were presented by Shri Nikhil Kumar, Hon’ble Governor of Kerala. Shri B. Ravindranath, ED, IDBI […]

Business

WEF meet: India to have strong presence as Chidambaram leads 125-member delegation

Hundreds of top-notch CEOs will discuss state of global economy among themselves and around 40 heads of government at the annual talk-fest of rich and powerful people from across the world for five days, beginning on Tuesday. The Indian leaders expected to attend the meeting include Finance Minister P Chidambaram, Commerce Minister Anand Sharma, Planning […]

Business

Mayaram panel considering two categories for foreign investment

In a major overhaul of foreign investment regime, the government is considering splitting overseas inflows into two categories — Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI)– with a minimum composite cap of 49 per cent. The proposal, which is being considered by the Arvind Mayaram panel, envisages an aggregate automatic limit of 24 […]

Stock & Share

Sensex advances by 46 pts as rate sensitive stocks post gains

The BSE benchmark index Sensex rose further by 46 points on sustained buying by funds in bluechips led by banks ahead of the RBI monetary policy meet amid a firming global trend. The 30-share index, which had gained 142 poins in the previous session, advanced by 46.07 points, or 0.22 per cent, to close at […]

Business

Sebi takes fresh look at Jet-Etihad Airways deal

Capital market regulator Sebi is taking a fresh look at the Rs 2,060 crore Jet-Etihad Airways deal following observations made by fair trade watchdog Competition Commission. Abu Dhabi-based Etihad’s acquisition of a 24 per cent stake in Naresh Goyal-led Jet Airways, the first foreign direct investment (FDI) in an Indian carrier by an overseas airline, […]

Stock & Share

Sensex snaps 2-day fall, gains 141 pts on good Wipro show

Snapping its two-day losing streak, the BSE benchmark Sensex on Monday gained over 141 points on buying in bluechips led by IT stocks after Wipro posted encouraging quarter earnings. The 30-share barometer rose by 141.43 points, or 0.67 per cent, to close at 21,205.05 points. The index, which lost 226 points in the last two […]

Stock & Share

Sensex down 45 points in early trade

Extending losses for the third straight day, the benchmark BSE Sensex lost over 45 points in early trade on Monday on sustained selling by funds and retailers, amid a weak trend in other Asian markets. The 30-share barometer, which had lost nearly 226 points in the previous two sessions, fell further by 45.15 points, or […]

Business

Air India doles out free air tickets to its employees

Air India is doling out free air tickets to its 24,000 employees, even as it expects to incur a loss of Rs 3,900 crore this financial year and has a debt burden of Rs 35,000 crore. While its top officers like functional directors and joint managing directors are entitled to get 24 free tickets each […]

Business

EU weighs new climate goals, economic needs

The EU will announce climate change targets for 2030 next week but sharp differences over priorities and an unwillingness to take the lead while global rivals hang back may result in a modest compromise deal. The 2020 programme is widely judged a success but some argue this means the European Union can now actually ease […]