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SBI stock plunges on talk of loan to Kingfisher
Feb. 22 | Tweet Mumbai: The country’s largest lender State Bank of India (SBI) Wednesday saw its scrip plunging nearly eight percent on reports that it has agreed to provide new loans to cash-strapped...
Kingfisher stocks plunge 20 percent but pull up in noon trade
Feb. 21 | Tweet New Delhi: Shares of beleaguered Kingfisher Airlines which fell nearly 20 percent in early trade Tuesday managed to pull up by 7 percent in afternoon trade even as the airline’s chief...
Hospitality industry hobbled by land costs, taxes, delays: CII
Feb. 12 | Tweet New Delhi: High real estate costs, lack of any tax incentive and bureaucratic hurdles are huge problems for the growth of the hospitality industry that is one of the country’s top job...
Reliance raises $1 billion through overseas bond issue
Feb. 10 | Tweet Mumbai: Mukesh Ambani-led Reliance Industries Friday said its subsidiary, Reliance Holding USA, has issued bonds worth $1 billion to be used as capital expenditure. “We are delighted to...
Maruti Suzuki crosses 10 million sales mark
Feb. 9 | Tweet New Delhi: Maruti Suzuki Thursday said it has evolved to meet the demands of a changing India and crossed the 10 million cumulative domestic sales mark. The 10 millionth vehicle, a Red Swift...
Government rolls out plan to help domestic airlines
Feb. 7 | Tweet New Delhi: To help cash-strapped Indian airlines, a group of ministers (GoM) led by Finance Minister Pranab Mukherjee Tuesday rolled out a plan for the carriers to directly import aviation fuel...
India’s forex reserves rise by $673.4 mn
Feb. 5 | Tweet Mumbai: India’s foreign exchange reserves increased by $673.4 million to $293.93 billion for the week ended Jan 27, Reserve Bank of India data showed. The forex reserves have risen for...
SMEs welcome 100 percent FDI in single-brand retail
Jan. 27 | Tweet New Delhi: Welcoming the government’s decision to allow 100 percent foreign direct investment in single-brand retail, India’s small and medium enterprises (SMEs) say the mandatory...
Delhi High Court refuses to entertain plea on plastic ban
Jan. 23 | Tweet New Delhi: The Delhi High Court Monday refused to stay the state government’s draft notification aimed at putting a blanket ban on the manufacture, sale and use of plastic bags in Delhi. The...
