Business

May 8, 2014 2:08 PM

Delhi HC to hear appeal against flying permit to AirAsia

The Delhi High Court today agreed to hear a plea by Federation of Indian Airlines (FIA)challenging the grant of flying licence to AirAsia India by aviation regulator the Directorate General of Civil Aviation, DGCA.A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw posted the matter for...

May 8, 2014 12:53 PM

Bahrain needs to curb its spending pattern warns IMF

The International Monetary Fund, IMF has said that Bahrain needs to have a fresh look at its subsidies and curb its spending pattern. It has called upon Bahrain Government to retarget is subsidies to lower income families while controlling other spending commitments to stabilize debt levels. The sub...

May 8, 2014 12:53 PM

India gets Dubai Travel Mart award

India has been honoured with New Frontiers Award at the Arabian travel mart in Dubai for its outstanding contribution to tourism development in the face of overwhelming adversity in Uttarakhand. The award provides additional exhibition space at the event worth 10,000 US dollars. The award is in reco...

May 8, 2014 12:23 PM

Delhi HC to hear plea against grant of flying permit to AirAsia

Delhi High court today agreed to hear plea against grant of flying licence to AirAsia India by the Directorate General of Civil Aviation. AirAsia India was on Wednesday granted the licence by DGCA to start its operations in India, subject to the final decision of the Delhi High Court. The airlines i...

May 8, 2014 9:43 AM

New service provider for passport, visa at India Mission in US

The Indian Embassy in the US has announced that it will outsource its passport and visa related services to a new company for all its diplomatic missions in America following complaints against the current service provider. Cox & King Global Services Ltd will replace the existing BLS Interna...

May 8, 2014 9:03 AM

Don't levy charges for pre-payment of floating loans: RBI to banks

The RBI has directed banks not to levy any penalty on individual borrowers for pre-paying floating loans. It said banks will not be permitted to charge foreclosure charges or pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect.A RBI notific...

May 8, 2014 8:59 AM

Will discuss mango ban with new India PM says UK's Cameron

British Prime Minister David Cameron said on Wednesday, that he will discuss the ongoing import ban on Indianmangoes with the country's new Prime Minister when he makes his official phone call next week.Cameron was responding to a question by senior Indian-origin Labour MP Keith Vaz in the ...

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