KFA staff to move court for wind-up, salary duesThe employees of grounded Kingfisher Airlines (KFA) on Monday decided to move court for winding up the nearly bankrupt company to recover their salary dues.
Auto companies stripping brands for volume pushIndia's love for value and price sensitivity is leaving its imprint on car branding.
Higher taxes if income inequality rises: ADB chiefAsian Development Bank president Haruhiko Kuroda was in India last week to discuss the economic situation with top policymakers and also assess preparations for the multilateral agency's annual meeting this summer.
Hero's union leaders plan strike for higher wagesSituation can worsen at Hero MotoCorp's troubled Gurgaon plant as workers seeking higher wages are considering to go the 'Anna way' with an indefinite hunger strike within the factory premises if their demands are not met.
Life insurance norms soon: IRDA chiefJ Hari Narayan said IRDA had notified that the insurers selling traditional group plans such as term plans and endowment plans have to withdraw and re-file them by March 31 while the deadline for traditional individual plans is June 30.
Fitch warns India to stick to reformsDespite praising recent policy steps and finance minister's assurances on deficits, Fitch said India needed to do more, including unveiling "a credible" medium-term fiscal plan.
Etihad to take a final call on buying stake in JetGulf carrier Etihad, which is tipped to acquire 24 per cent stake in Jet Airways, today said it would complete due diligence on the Indian carrier within a week and leave it to its board to take a final view on the matter.
Rupee ends off 3-1/2 month highThe rupee fell on Monday, retreating from a three-and-a-half-month high touched earlier in the session, hit by a fall in domestic shares although inflows from an upcoming government stake sale could support the local currency this week.
Citigroup on how India can meet its 5.3% fiscal deficit targetWith finance minister P Chidambaram repeatedly stressing on keeping the fiscal deficit at 5.3% of GDP, analysts will keep a close watch on the income and expenditure figures in this year's Budget.
Sensex falls 30 points on profit-bookingThe BSE benchmark Sensex today closed 30 points lower due to profit-booking mainly in banking and oil stocks amid weak quartelry earnings by some banks.
Gold declines for third-day on subdued demandGold prices dipped for the third day, losing Rs 50 to settle at Rs 30,750 per ten grams in the national capital today on sustained selling by stockists, driven by sluggish demand at prevailing higher levels.
AI flew Dreamliners after grounding orderAir India flew some of its Boeing Co 787 Dreamliner aircraft even after US regulators grounded the global fleet last month due to undiagnosed battery problems.
Panasonic shares soar nearly 17% on earningsPanasonic shares soared nearly 17 percent on Monday as investors reacted to the Japanese electronics giant's latest earnings, while rivals Sony and Sharp also spiked on upbeat sentiment.
Etihad Airways posts 200% rise in profitEtihad Airways, the fast-growing carrier of Abu Dhabi, posted a 200 percent rise in net profit in 2012 and a 17 percent increase in revenues, the airlines said in a statement Monday.
Sensex trims initial gains, still up 95 pointsThe BSE benchmark Sensex trimmed its initial gains but was still quoted higher by 95 points in the late morning trade on the back of fresh buying mainly in Auto, Realty, Consumer Durable and Banking sectors amid firm global cues.
Rupee diminishes initial gains but still up by 13 paiseIn line with equity market, the Indian rupee failed to maintain its initial gains against the American currency, but was still quoted higher by 13 paise to 53.06 per dollar in the late morning trade on selling of dollars by banks amidst weakness of dollar overseas.
Sensex gains over 121 points in early tradeThe BSE benchmark sensex gained over 121 points in early trade on Monday on emergence of buying by funds and retailers amid a firming Asian trend.
Rupee rises past dollar to over 3 month highThe rupee breached the key psychological 53-to-a-dollar level to rise to an over three-and-half-month high on Monday on bullish risk sentiment and lined-up dollar inflows.
US opposes local IT goods sourcing normsSources said the US official told his Indian counterparts that American companies were worried about the local content requirement and preferential market access although they are interested in the information technology sector.
US opposes local IT goods sourcing normsSources said the US official told his Indian counterparts that American companies were worried about the local content requirement and preferential market access although they are interested in the information technology sector.
Govt may go for strategic sale in IFCISources said the view in government is that the Centre has managed to realize a good value on its investment of Rs 900 crore, which was given to IFCI by way of convertible shares at the start of the millennium.
Govt's selloff plan may hit VedantaIn 2001, the government had sold a 51% stake in Balco to Sterlite Industries, leaving it with 49% holding. It holds a tad less than 30% in Hindustan Zinc, while Sterlite has close to 65% stake.
Diageo set to take charge at United SpiritsDrinks giant Diageo has readied plans to take charge at United Spirits (USL), where it is buying a more than $2-billion stake in multiple stages.
Blackstone set for big profit in Bangalore real estate JVBlackstone is exiting a joint venture with southern developer Embassy Property Developments, building 467 residential units, raking in more than Rs 210 crore, said people familiar with the matter.
Q3 revenue growth at 2-year-lowRevenue growth of top Indian companies that have announced their results for the October-December quarter is down to a two-year low of 10.6% on an annual basis, thanks mainly to pressure on volumes.
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