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Air India to finally get its first Boeing Dreamliner

Air India to finally get its first Boeing Dreamliner

Air India’s long wait for the Boeing 787 Dreamliner is finally over, with the first of these long-haul planes set to arrive in New Delhi on September 8 (Saturday). Air…

Banks take Chidamabaram’s call on rate cut

Banks take Chidamabaram’s call on rate cut

Leading public sector banks have pared down retail lending rates on home and auto loans in a move aimed at boosting demand and spur growth. Prodded by finance minister P.…

BSE Sensex marginally up in morning trade

BSE Sensex marginally up in morning trade

Selective buying by funds and retailers amid a better trend in Asian markets helped the BSE benchmark Sensex gain that was trading marginally up in morning trade on Thursday. At…

Plan panel lowers GDP growth target for 2012-17

Plan panel lowers GDP growth target for 2012-17

  In view of fragile economic recovery, the Planning Commission has decided to lower annual average economic growth rate to 8.2 per cent in the 12th Five Year Plan (2012-17)…

Investment norms for insurers may be eased

Investment norms for insurers may be eased

The Finance Ministry is looking at the possibility of relaxing norms for insurance companies to attract more funds for the infrastructure sector as part of efforts to prop-up the sagging…

Cashless Kingfisher Airlines to get help from Diageo

Cashless Kingfisher Airlines to get help from  Diageo

Billionaire Vijay Mallya’s guarantees for the loans and liabilities of his troubled Kingfisher Airlineshave been estimated at a whopping Rs 5,904 crore in the company’s annual report for 2011-12, released…

State Bank of India cuts fixed deposit rates

State Bank of India cuts fixed deposit rates

In a move that is likely to be followed by other banks, State Bank of India on Wednesday announced reduction in interest rate on fixed deposits by 0.5 per cent…

Sensex down on weak Asian cues

Sensex down  on weak Asian cues

The BSE benchmark Sensex continued to trade in the negative terrain and was trading over 100 points lower in afternoon trade on Wednesday on weak Asian cues. Metal, capital goods…

Uttar Pradesh hikes VAT by 0.5 per cent

Uttar Pradesh hikes VAT by 0.5 per cent

The Uttar Pradesh government has hiked the value added tax (VAT) by 0.5 per cent, a move which will make ACs, refrigerators and other such goods costlier. The decision was…

Kingfisher Airlines’ lenders got Rs 5,904 cr guarantees

Kingfisher Airlines’ lenders got Rs 5,904 cr guarantees

Kingfisher Airlines Chairman Vijay Mallya gave guarantees worth Rs 5,904 crore for the carrier’s loans and other liabilities in 2011-12. Mallya, however, did not get any commission for the same…