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Air India pilots send legal notice to management

Air India pilots send legal notice to management

Air India as a pilots’ union has sent a legal notice to the national carrier for implementing new flight duty time limitation (FDTL) norms given by the aviation regulator. The…

Sensex down 46 pts, Nifty holds 5,600

Sensex down 46 pts, Nifty holds 5,600

BSE Sensex closed 46 points down Tuesday due to selling pressure in oil and gas, IT and healthcare stocks. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE),…

Vegetable prices push retail inflation to 10.03 per cent in August

Vegetable prices push retail inflation to 10.03 per cent in August

Soaring vegetable prices pushed up the retail inflation to double digits at 10.03 per cent in August, up from 9.86 per cent in July. According to the Consumer Price Index…

Sebi implements measures to revive MF industry

Sebi implements measures to revive MF industry

Market regulator Sebi on Thursday announced implementation of a number of steps for the benefit of mutual fund industry, including an additional levy on investors for catering to smaller cities…

CRR cut a welcome step in right direction: Montek Singh Ahluwalia

CRR cut a welcome step in right direction: Montek Singh Ahluwalia

Lauding the RBI’s decision to cut Cash Reserve Ratio ( CRR), Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it would have a positive impact on the system and…

Vijay Mallya, GR Gopinath welcome FDI in aviation sector

Vijay Mallya, GR Gopinath welcome FDI in aviation sector

Private airlines, including cash-strapped Kingfisher Airlines, have welcomed the government’s nod to ushering in foreign direct investment (FDI) by overseas carriers in India’s aviation sector. “The FDI in airlines will…

RBI slashes CRR by 0.25 per cent amid high inflation

RBI slashes CRR by 0.25 per cent amid high inflation

The Reserve Bank of India (RBI) in its quarterly monetary policy review on Monday announced a 0.25 per cent cut in Cash Reserve Ratio (CRR). CRR is the amount of…

Standard Chartered cuts India’s growth forecast to 5.4 per cent for FY13

Standard Chartered cuts India’s growth forecast to 5.4 per cent for FY13

Standard Chartered Bank has lowered India’s growth forecast for this financial year to 5.4 per cent from 6.2 per cent projected earlier despite the recent reforms push. The first quarter…

RBI dashes hopes, says will hold rates

RBI dashes hopes, says will hold rates

Ahead of the mid-quarter review of the monetary policy on Monday, senior-most Reserve Bank deputy governor K C Chakrabarty today said the top priority is to keep inflation under control.…

Petrol in India costlier than US, Pakistan

Petrol in India costlier than US, Pakistan

Petrol in Delhi is priced at Rs 63.70 a litre, while the same in USA is priced at Rs 42.82 per litre. The price in India is more than any…