Business

May 29, 2014 8:55 PM

The Supreme Court today allowed the Sahara Group to approach its creditor Bank of China for selling equities in three offshore hotels to raise money that can help its jailed chief Subrata Roy to get bail.The Bench of Justices T S Thakur and A K Sikri, which has been constituted after Justice J S Keh...

May 29, 2014 8:45 PM

PM asks Ministers to set 100-day agenda for effective governance

Increasing investment, completing infrastructure projects on time and exploiting natural resources to the country's benefit are among the 10-point agenda of priorities set by Prime Minister Narendra Modi for the new government. Building confidence in bureaucracy so that civil servants do no...

May 29, 2014 8:30 PM

India emerges as Lanka's biggest importing source nation

India has emerged as Sri Lanka's biggest importing source nation ahead of China and Singapore. Sri Lankan Investment Promotion Minister Lakshman Yapa Abeywardene told reporters that India accounted for 18 per cent of Sri Lanka's total imports while the corresponding figure for Chin...

May 29, 2014 8:14 PM

Civil Aviation Minister: No decision on privatisation of Air India in haste

Civil Aviation Minister Ashok Gajapathi Raju today indicated that there will be no decision on privatisation of Air India in a hurry. Talking to reporters in New Delhi, he said, all issues will be examined and the government is not closed to any idea. He was replying to a media query whether he woul...

May 29, 2014 7:48 PM

AirAsia India flights to begin from June 12, ticket sales from tomorrow

AirAsia India will begin operating flights in the country from June 12, with ticket sales starting tomorrow, the new carrier's Malaysian parent AirAsia CEO said today.AirAsia India, a joint venture of AirAsia,Tata Sons and Arun Bhatia's Telestra Tradeplace, was granted flying licen...

May 29, 2014 6:11 PM

AirAsia India flights to begin from June 12, ticket sales from tomorrow

AirAsia India will begin operating flights in the country from June 12, with ticket sales starting tomorrow, the new carrier's Malaysian parent AirAsia CEO said today.AirAsia India, a joint venture between AirAsia, Tata Sons Arun Bhatia's Telestra Tradeplace, was granted flying lic...

May 29, 2014 5:28 PM

CAG says RIL charged more than approved gas price

The Comptroller and Auditor General of India (CAG) has pulled up Reliance Industries for charging a rate in excess of the government approved price for its KG-D6 gas field. The CAG also criticised RIL for not including the marketing margin for calculating royalties and government's share.Th...

May 29, 2014 4:25 PM

Monthly diesel price hikes likely to continue

The monthly diesel price hikes of 40-50 paise a litre are likely to continue as the new government is keen to cut the subsidy bill, reports news agencies quoting a top Oil Ministry official .The previous United Progressive Alliance government had decided in January 2013 to increase diesel prices in ...

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