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Kingfisher Airlines cancels over 30 flights due to employees strike

Kingfisher Airlines cancels over 30 flights due to employees strike

It seems Kingfisher Airlines’ woes are not going to get over soon as more than 30 flights were cancelled on Wednesday due to a strike by a section of its…

Small Bonus, Big Cover

Small Bonus, Big Cover

Big annual bonuses on endowment insurance plans could be a thing of past. The Insurance Regulatory and Development Authority (Irda) has proposed a minimum death benefit on endowment plans, which…

Rupee gains 5 paise against dollar to 55.02

Rupee gains 5 paise against dollar to 55.02

The rupee rose by 5 paise to trade at fresh one-month high of 55.02 against the American currency in early trade on Wednesday at the Interbank Foreign Exchange on persistent…

BSE Sensex up on firm Asian cues, buying by funds

BSE Sensex up on firm Asian cues, buying by funds

The BSE benchmark Sensex extended Monday’s gains and was trading in the positive terrain on Tuesday following firm trend on other Asian bourses . Increased buying by funds and retail…

Financial Tech Q1 net profit up 94%

Financial Tech Q1 net profit up 94%

Financial Technologies (India) on Monday said its net profit on a standalone basis jumped by 94 per cent to Rs 76.06 crore in the April-June quarter of FY13 compared to…

Govt hikes GPF rate to 8.8%

Govt hikes GPF rate to 8.8%

The government has increased interest rates on Special Deposit Scheme (SDS) and State Provident Funds for the year 2012-13 to 8.8 per cent from 8.6 per cent. The new rate…

Rupee gains 20 paise against dollar in early trade

Rupee gains 20 paise against dollar in early trade

The rupee strengthened by 20 paise to trade at 55.32 against the US dollar in early trade on Tuesday, extending its rising streak for the third day at the Interbank…

SBI cuts rates on NRE/NRO deposits

SBI cuts rates on NRE/NRO deposits

State Bank of India on Monday said it has reduced interest rates in NRE/NRO deposits of five years and more maturity, to 8.50 per cent. “The bank has decided to…

Most consumers feel bank loan rates are high

Most consumers feel bank loan rates are high

The Reserve Bank of India’s decision to leave key policy rates unchanged in its latest quarterly review is likely to leave not just industry but also consumers disappointed. The RBI’s…

Mutual Funds Hope to Get Pension Boost

Mutual Funds Hope to Get Pension Boost

Will investors get tax incentives on mutual fund retirement plans to compensate for the benefits that will be lost once the proposed Direct Taxes Code comes into effect? If the…