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Inflation rises to 1.34 pc in Oct on higher food prices

Sunday 15 November, 2009

The continued rise in food prices led the wholesale inflation rate to bump up to 1.34 per cent in October, a 0.84 per cent increase from the previous month....
AI to get Rs 800 cr as first tranche in Dec

Sunday 15 November, 2009

Air India is likely to receive about Rs 800 crore as the first tranche of equity infusion from the government by December, Civil Aviation Minister Praful Patel said on Saturday....
Accion buys 49.5 pc in Saija Finance

Sunday 15 November, 2009

Global micro finance company Accion International has picked up 49.5 per cent stake in non banking finance institution Saija Finance for $5 lakh....
Briefly Business

Saturday 14 November, 2009

The Petroleum Ministry has proposed a 33 per cent hike in the price of natural gas produced by ONGC and Oil India and gradually increase it to $4.20 per mmBtu set for gas from Reliance Industries' KG-D6 fields....
Govt puts 60 PSUs on divestment roster

Saturday 14 November, 2009

As many as 60 public sector undertakings (PSUs) can tap the primary capital markets as per the disinvestment policy cleared by the government last Thursday....
IIFCL making notional losses

Saturday 14 November, 2009

With deposit rates dropping by about 200 basis points since January 2009, India Infrastructure Finance Company Limited (IIFCL), a company promoted by the government in January 2006....
MFs will now trade on bourses

Saturday 14 November, 2009

In a move to increase the reach of mutual funds, the Securities and Exchange Board of India (Sebi) on Friday added another distribution channel....
L&T sells 2.32% in Satyam for Rs 306 cr

Saturday 14 November, 2009

Larsen & Toubro has sold 2.32 per cent stake in IT company Mahindra Satyam for over Rs 306 crore, a month after the lock-in period on sale of its holding ended....
‘Hot money may threaten emerging market stability’

Saturday 14 November, 2009

The head of the International Monetary Fund (IMF) aid on Friday that capital flows to emerging markets reflected the positive outlook for those economies but warned that they can destabilise currencies and asset prices....
Kingfisher Airlines defaults on dues to OMCs

Saturday 14 November, 2009

When the the aviation industry is facing a gruelling time, Kingfisher Airlines has once again defaulted on dues of around Rs 418 crore to be paid to oil companies....
BA, Iberia agree to $7 bn merger to create third biggest airline

Saturday 14 November, 2009

British Airways (BA) and Spain’s Iberia announced on Thursday a preliminary agreement for a $7 billion merger to create the world’s third-largest airline by revenue....
Eurozone emerges from recession in Q3, but not by much

Saturday 14 November, 2009

The 16-country eurozone has officially joined the US and Japan out of recession, after figures on Friday showed its economy grew by 0.4 per cent in the third quarter from the previous three-month period....
US trade gap widens 18.2 pc in Sept

Saturday 14 November, 2009

The US trade deficit widened in September by an unexpectedly large 18.2 per cent, the largest increase in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher....
Visa
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...
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