Business

May 30, 2014 2:09 PM

Pakistan to grant MDMA status to India to facilitate bilateral trade

Pakistan has said it would grant India the status of Non-Discriminatory Market Access (NDMA) to facilitate enhanced bilateral trade. According to media reports, Pakistan Commerce Minister Khurram Dastigir Khan clarified that it was not Most Favoured Nation status but non-discriminatory and parallel ...

May 30, 2014 1:37 PM

Balwa fined 1 lakh in 2G case ; allowed to record statement afresh

A Delhi special court today imposed a penalty of one lakh rupees on Swan Telecom promoter Shahid Usman Balwa accused in the 2G case. The Court allowed his plea to record his statement before it afresh. Special CBI Judge O P Saini passed the order on Balwa's plea seeking permission to withdr...

May 30, 2014 9:28 AM

Chandni Chowk plan: HC raps DDA for no smooth traffic flow

The Delhi High Court has pulled up the Delhi Development Authority, DDA for its failure to devise a smooth traffic mechanism in its Zonal Development Plan for creation of non-motorised vehicle lanes in the congested Chandni Chowk area.A Special bench headed by Justice S Ravindra Bhat yesterday said ...

May 30, 2014 9:11 AM

US car giant Ford recalls 1.4mn vehicles on safety issue

In the United States, the car giant Ford has announced it is recalling a total of 1.4 million vehicles. Approximately 1.1 million sport utility vehicles sold in North America are being recalled because they could suffer a loss of power steering. An additional 200,000 Taurus sedans built between 2010...

May 30, 2014 9:04 AM

Google to give Europeans right to be forgotten

Google boss Larry Page says its launching a service through which Europeans can ask for web pages relating to their personal life to be removed from search results The move comes after the European Union Court of Justice ruled on 13th May that links to irrelevant and outdated data on search engines ...

May 30, 2014 8:39 AM

AirAsia to begin operating flights in India from June 12

AirAsia India will begin operating flights in the country from June 12, with ticket sales starting today. The new carrier's Malaysian parent AirAsia CEO gave this information on Twitter yesterday. AirAsia India, a joint venture of AirAsia, Tata Sons and Arun Bhatia's Telestra Trade...

May 30, 2014 8:32 AM

RIL set to take control of Network 18 Group

The Mukesh Ambani-controlled Reliance Industries Ltd, RIL has said it will acquire control in Network 18 Media & Investments Ltd, including its subsidiary TV18 Broadcast Ltd. In a statement, the company said that the board of RIL approved funding of up to 4,000 crore rupees to Independent Me...

May 29, 2014 8:57 PM

Gold drops 200 rupees, to an 11-month low

Falling for the fourth straight session, gold dropped 200 rupees, to a nearly 11-month low of 27,500 rupees per ten grams at Delhi's bullion market, today, on subdued demand from jewellers and retailers, amid weak global markets. Silver fell for the fifth straight day, losing 500 rupees, to...

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