RBI: In discussion with govt to revamp inflation-indexed bonds to attract more retail investors

The Reserve Bank said it is in discussion with the government to revamp inflation indexed bonds to attract more retail investors. Inflation indexed bonds were introduced last year by the central bank but were not well received due to its complex structure. RBI Deputy Governor H R Khan told reporters...

Budget carrier Air Asia starts its operations in India with Bangalore-Goa flight

The Indo-Malaysian joint venture of AirAsia finally commenced its operations to skies today a month after Director General of Civil Aviation (DGCA) granted permission. Its first flight took off from Bangalore for Goa. This is the fourth budget carrier in the country. The domestic aviation industry i...

Inflation drops to 8.28% in May

Retail inflation has fallen to 3-month low of 8.28 per cent in May. Subdued prices of vegetables, cereals and dairy products pushed down the retail inflation. The retail inflation, measured on consumer price index (CPI), was 8.59 per cent in April. As per the data released by government today, food ...

Industrial production grows up by 3.4% in April after contraction for two months in a row

Raising hopes of an economic turnaround, the country's industrial production grew by 3.4 per cent in April this year after witnessing contraction for two months in a row. According to the information released by the Central Statistics Office, manufacturing output grew by 2.6 per cent and pr...

AirAsia India commences its operations to skies

The Indo-Malaysian joint venture of AirAsia finally commenced its operations to skies today a month after Director General of Civil Aviation (DGCA) granted permission. Its first flight took off from Bangalore for Goa. This is the fourth budget carrier in the country. The domestic aviation industry i...

The Indo-Malaysian joint venture of AirAsia finally commenced its operations to skies today a month after Director General of Civil Aviation (DGCA) granted permission. Its first flight took off from Bangalore for Goa. This is the fourth budget carrier in the country. The domestic aviation industry i...

UP CM in Delhi for mega investors meet showcasing state

The Uttar Pradesh government is today organising a mega event in the national capital Delhi to attract major investments in the state. The government expects to garner at least Rs 20,000 crore of investment at its Investors' Conclave in Delhi, with several leading corporate groups and the A...

Vishal Sikka appointed as Infosys CEO; Murthy to step down

N R Narayana Murthy will step down as executive chairman of IT giant Infosys. Vishal Sikka, a former SAP board member, has been appointed as the new Chief Executive Officer and Managing Director of the company.Murthy who was brought back from retirement in June last year to head the firm and put it ...

N R Narayanmurthy to step down as Exec Chairman of Infosys

N R Narayana Murthy will step down as executive chairman of IT giant Infosys. Vishal Sikka, a former SAP board member, has been appointed as the new Chief Executive Officer and Managing Director of the company.Murthy who was brought back from retirement in June last year to head the firm and put it ...

Chancellor Osborne to unveil more action against UK financial fraud

More action to tackle wrongdoing in the financial sector will be unveiled by the UK Chancellor George Osborne today. The measures will include making the manipulation of the foreign currency markets by banks a criminal offence. In a keynote speech, he will promise to target the unacceptable behaviou...