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Railway Minister rules out further hike in freight tariff

Railway Minister rules out further hike in freight tariff

Railway Minister Pawan Kumar Bansal ruled out any further hike in freight tariff after the latest increase in diesel price by Rs 1 for bulk consumers. “The Rs 1 hike…

Mobile phones above Rs 2,000 set to cost more

Mobile phones above Rs 2,000 set to cost more

Mobile phones are set to become costlier with Finance Minister P Chidambaram raising excise duty to six per cent on handsets priced above Rs 2,000 in Budget 2013-14. “About 70…

Jet Airways down over 3% on bourses

Jet Airways down over 3% on bourses

Shares of Jet Airways today tanked more than 3 percent amid investor concerns whether its stake-sale deal with Abu-Dhabi based carrier Etihad would materialise. According to media reports, fresh hurdles…

Ten billionaires in Gulf Indians rich list: Survey

Ten billionaires in Gulf Indians rich list: Survey

The Gulf Cooperation Council (GCC) countries have 10 Indian billionaires, according to a new survey. According to the first-ever GCC Indian Rich List published by financial weekly magazine ‘Arabian Business’,…

Google chairman to sell USD 2.5 bn of shares

Google chairman to sell USD 2.5 bn of shares

Google’s Chairman Eric Schmidt plans to sell 3.2 million “A” shares, currently worth USD 2.5 billion, over the next year, Google has said in a filing with the Securities and…

Rupee continues slide against dollar; down 29 paise

Rupee continues slide against dollar; down 29 paise

The rupee continued to slide against US dollar this morning, down 29 paise at 53.51 on persistent demand for the American currency from banks and exporters as it gained in…

EPFO puts on hold decision to make Aadhaar must for new accounts

EPFO puts on hold decision to make Aadhaar must for new accounts

Retirement fund body has decided to put on hold the decision to make it mandatory for new members joining EPF scheme to provide Aadhaar number as credential for enrolment from…

Rupee gains 16 paise against dollar in early trade

Rupee gains 16 paise against dollar in early trade

The rupee today strengthened by 16 paise, near four-month high, to 52.97 against the US dollar in early trade on the Interbank Foreign Exchange on sustained selling of the American…

Rupee down 5 paise against dollar in morning trade

Rupee down 5 paise against dollar in morning trade

Mumbai, Feb 5,2013: The rupee declined by 5 paise to Rs. 53.33 per dollar in early trade on the Interbank Foreign Exchange market on Tuesday, weighed down by dollar’s gains…

Etihad Airways posts 200 percent rise in 2012 net profit

Etihad Airways posts 200 percent rise in 2012 net profit

Etihad Airways, the fast-growing carrier of Abu Dhabi, posted a 200 per cent rise in net profit in 2012 and a 17 percent increase in revenues, the airlines said in…