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SpiceJet ex-owner leading rescue plan
Reuters
New Delhi: A former part-owner of SpiceJet Ltd is leading a 12 billion rupees bailout plan to rescue the budget carrier from collapsing, two Indian newspapers reported on Friday.SpiceJet, India's second largest low-cost airline, ran out of cash this week to pay its creditors, forcing the airline to temporarily ground its fleet when it could not buy in fuel for its planes. Its parent company...
Overseas money only after RBI accord: SC   17 December, 2014
The Supreme Court said that the money likely to be arranged by the Sahara Group from overseas to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI. The court agreed that legal impediments in the transfer of money from escrow account of foreign bank agent requires special permission by competent authority under...
A year of hope with a twist for insurers   17 December, 2014
The year 2014 was of renewed hope with a twist for private insurers with the new central government led by the Bharatiya Janata Party (BJP) deciding to go ahead with allowing 49 percent foreign capital in the sector.The twist is the pre-condition that the private insurers should be Indian-owned and controlled entities.A select committee of the Rajya Sabha led by BJP member Chandan Mitra has...
SpiceJet operations grounded on lack of fuel   17 December, 2014
New Delhi: Flights of budget carrier SpiceJet were grounded Wednesday as the oil marketing company (OMCs) refused to provide jet fuel to the company due to non-payment of dues.According to sources at the Indira Gandhi International Airport here, the OMCs have refused to provide fuel to the budget carrier as it has been placed under cash-and-carry mode.The airline did not divulge the position of...
India's GDP growth seen at around 5.5 pc   19 December, 2014
New Delhi:  India's economy is expected to grow at around 5.5 per cent in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday.If the forecast materialises, it would mark an improvement from two successive years of below 5 per cent growth.In the first six months of the fiscal year, Asia's third-largest economy grew an annual 5.5 per...
Nifty falls below 8,000   17 December, 2014
Sensex ends 538 points down; Bank stocks crash   16 December, 2014
Companies Act needs changes to improve biz climate: Jaitley   16 December, 2014
Reforms to help India grow 5.5 pc: ADB   18 December, 2014
Zero inflation due to NDA's 'good governance': BJP   15 December, 2014
SpiceJet's flights to resume in evening   17 December, 2014
Vivo smartphones launched in India   15 December, 2014
Govt mulling to legalise arms representatives: Parrikar   13 December, 2014
SpiceJet seeks urgent help from govt, gets no assurances   15 December, 2014
Rajan for incentivising domestic savings   12 December, 2014
Facebook launches new publishing tools   11 December, 2014
Oil, coal and iron ore at 2008/2009 financial crisis levels   15 December, 2014
Need to boost trade between India, Russia: Putin   11 December, 2014
Rupee hits more than 9-month low   11 December, 2014
Do not merely focus on manufacturing: Rajan   12 December, 2014
Google best place to work: study   11 December, 2014
Falling oil prices to make green power unattractive   13 December, 2014
OPEC daily basket price closes lower again   11 December, 2014
Jaitley promises 'civilised' tax regime   10 December, 2014
Infosys founders to promote philanthropy   10 December, 2014
'Current account deficit not alarming'   09 December, 2014
OPEC cuts 2015 demand forecast to lowest in a decade   11 December, 2014
Infosys shares fall as founders said to sell shares   08 December, 2014
Land acquisition will be made easier: Govt   06 December, 2014
India to record 5.9 percent growth in 2015: UN   11 December, 2014
Sensex plunges 219 points; auto stocks tank   11 December, 2014
Gold holds close to seven-week high   10 December, 2014
OPEC daily basket price free fall continues   09 December, 2014
India should allow banks to hold gold as reserves: WGC   09 December, 2014
More steps to rationalise subsidies on anvil: Jaitley   06 December, 2014
Hurdle cleared for Navi Mumbai International Airport   08 December, 2014
SpiceJet cuts fleet size to save costs   05 December, 2014
Aadhaar details not mandatory for PF transactions   08 December, 2014
Gold falls from near 3-week high   19 November, 2014
'e-Commerce will pave way for Digital India'   19 November, 2014
Uber faces problems galore across the world   09 December, 2014
Founders of Infosys selling shares worth $1.1 bln   08 December, 2014
Kashmir's solar potential highest in India   19 November, 2014
'Banks should protect customers' privacy'   04 December, 2014
'Governance practices improving in India Inc'   08 December, 2014
Call for change   13 February, 2012
'Maharashtra looking to plug shortcomings in tax system'   22 November, 2014
GM offers Rs.55,000-Rs.85,500 discounts on cars   05 December, 2014
Sebi tightens surveillance; over 25 listed firms under scanner   04 December, 2014
Haryana to create logistics hub   03 December, 2014
Infosys names new CEO, CFO for BPO arm   19 November, 2014
Sensex up 45 points; capital goods stocks gain   05 December, 2014
Govt eases FDI rules for construction sector   03 December, 2014
US seeks to step up India trade talks after WTO deal   24 November, 2014
Homebuyers expect property prices to rise   25 August, 2014
Cabinet nod for changes to Companies Act   03 December, 2014
Land Rover to develop self-learning car   25 August, 2014
Bonding within   07 February, 2012
RBI to redefine deposits as ponzi scams mount   25 August, 2014
Govt planning regulator for direct-selling sector: Paswan   04 December, 2014
India to invest $4 billion to tackle power theft   21 November, 2014
SC's ruling may have wider economic impact   26 August, 2014
RBI leaves rates on hold   02 December, 2014
Wake-up call   21 January, 2012
Women bargain best in some negotiations   03 December, 2014
Small islands, facing rising seas, seek economic overhaul   25 August, 2014
Oil price hits more than five-year low   01 December, 2014
Oil price seen falling to $60 if OPEC does not cut output   24 November, 2014
FBI warns of 'destructive' malware   02 December, 2014
India hikes excise duties on diesel, petrol   02 December, 2014
Rupee falls to nine-month low   20 November, 2014
Samsung to launch Tizen smartphone in India   01 December, 2014
Draft guidelines issued for coal block auction   19 November, 2014
Mallya quits MCFL board   01 December, 2014
President calls for imparting skills to workforce   29 November, 2014
Ambanis spark reunion talk   30 December, 2011
Disinvestment in phased manner under consideration: FM   02 December, 2014
Parl nod to bill to amend labour law   28 November, 2014
Midas touch   16 December, 2011
Wheels 'n' apps   17 December, 2011
Future perfect   12 December, 2011
Dubai seventh most popular destination   04 June, 2013
More steps to curb gold import   03 June, 2013
New DTC Bill to be tabled in Parliament   07 June, 2013
IndiGo says allowed to import 28 A320s   03 June, 2013
US exempts India from sanctions   06 June, 2013
Internships emerging as key tool   03 June, 2013
No leadership role for son Rohan: Murthy   01 June, 2013
Windows gains amid Apple-Android clash   04 June, 2013
Infosys recalls Murthy for 5 years   01 June, 2013
India to remain on top: Dr Cherian   03 June, 2013
LinkedIn boosts security   01 June, 2013
Petrol, diesel prices up   01 June, 2013
Growing gaps   12 December, 2011
Rate hikes affected growth   26 November, 2011
Dues and woes   03 December, 2011
Occupational hazards   26 November, 2011
Director’s cut   28 November, 2011
Note knot   28 November, 2011
It’s not flying!   19 November, 2011
King-size life   19 November, 2011
Crude system   19 November, 2011
Space odyssey   18 November, 2011
There is a dearth of qualified persons   18 November, 2011
Do not give up your dreams   18 November, 2011
Old bytes, new hats   11 November, 2011
Centre mulls ban on ponzi ads   22 July, 2013
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