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RBI plans to play own card against Visa, MasterCard

Friday 13 November, 2009

If things work out as planned, India may soon have a domestic payment card system — a rival to multinational card associations like Visa, Mastercard and American Express.
UBS fined £8 mn for staff’s misuse of client accounts, including ADAG’...

Friday 13 November, 2009

Swiss bank UBS has been fined £8 million in the UK after four of its senior employees were found misusing funds of customers...
Air India aid broken in instalments

Friday 13 November, 2009

To ensure Air India sticks to a time-bound turnaround programme, the government today decided to release funds to the...
Food inflation up at 13.68 per cent

Friday 13 November, 2009

Higher prices of staple vegetables such as onion and potato pushed food inflation higher to 13.68 per cent in the last week of October.
Realty developers avoid tier II, III cities, prefer Delhi

Friday 13 November, 2009

With price corrections and softening of interest rates setting in, real-estate developers are keen on investing in Tier I cities, or metros such as Delhi, Mumbai and Bangalore.
Power, steel ministries pull up CIL for supplying oversized coal

Friday 13 November, 2009

State-run Coal India Limited (CIL) is under fire from the power and steel ministries for failing to deliver proper washed coal resulting in severe loss in power generation.
Domestic air traffic lifts 3.32 pc in Jan-Oct ’09

Friday 13 November, 2009

Domestic air traffic has finally shown some signs of revival with an increase of 4.64 lakh passengers in the festive month of...
RIL questions RNRL’s demand for gas without power plant

Friday 13 November, 2009

Anil Ambani-led RNRL on Thursday told the Supreme Court that the seven affidavits filed in the apex court by RIL’s directors...
RBI unveils norms for OTC forex derivatives

Friday 13 November, 2009

The Reserve Bank of India has allowed banks to offer plain vanilla cross currency options to residents in India who...
Rs 10,000 cr road projects to be bid out

Friday 13 November, 2009

The public private partnership appraisal committee (PPPAC) has approved eight road projects worth Rs 10,883 crore, which will...
Briefly Business

Friday 13 November, 2009

The country’s largest iron ore producer NMDC expects the proposed merger of secondary steel maker SIIL with itself to take...
Air india
Air India net loss doubles to Rs 5,548 crore

Thursday 12 November, 2009

National carrier Air India said its losses more than doubled to Rs 5,548.26 crore for financial year 2008-09 as compared with a loss of Rs 2,400 crore in 2007-09....
FinMin looks at data saved on foreign servers

Thursday 12 November, 2009

Worried about the fact that many companies are increasingly storing information and business-related data on servers abroad....
Plan panel blows the budget bugle: Prudent, inclusion, equity

Thursday 12 November, 2009

With the global economic downturn lingering, the government has cautiously set in motion the process of finalising provisions for the next Budget by asking Central ministries....
Exports continue to improve, fall 11.4 pc

Thursday 12 November, 2009

The Indian economy’s steady climb out of the doldrums of the 08-09 economic crisis continued in October as exports fell by 11.4 per cent....
Briefly Business

Thursday 12 November, 2009

Public-sector lender Central Bank of India has reduced deposit rates by 0.25-0.5 per cent across various maturities inorder to reduce cost of funds....
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