Reliance business jet grounded for violation of safety rules

Reliance business jet has been grounded for violation of safety rules. Coming down heavily on aviation safety violations, DGCA today grounded jet the jet for carrying expired safety equipment on board. It also suspended its pilot for flying without a licence.The aviation regulator, which carried out...

SBI to sell bad loans amounting to Rs. 3,000 crore in last quarter of ongoing fiscal

State Bank of India will sell bad loans amounting to 3,000 crore rupees in the last quarter of the ongoing fiscal. Chairman of the bank Arundhati Bhattacharya told reporters in Jamshedpur today that it will be sold to the highest bidder among the 18 Asset Reconstruction Companies. Advocating for rig...

PepsiCo chief Indra Nooyi gets pay package of $18.6 mn for 2013<br/>

India-born PepsiCo chief Indra Nooyi has been given a pay package of 18.6 million Dollars equivalent to about 113 crore rupees for 2013. This works out a 7 per cent hike from the previous year.The beverages-and-snacks giant awarded Nooyi a total direct compensation of this amount. She got 17.4 milli...

RBI to utilise unclaimed bank deposits of 3650 crore rupees for education and awareness among depositors

India's forex reserves expand by $1.838 bn to $297.28 bn in week ended 7th March

Continuing to rise for the third straight week, India&apos;s foreign exchange reserves have expanded by 1.838 billion US Dollars to 297.28 billion US Dollars in the week ended 7th March. A RBI press release has informed this. Last week, the reserves had surged by 1.09 billion to 295.45 billion U...

Raghuram Rajan: RBI yet to move on inflation targeting

US expands sanctions against Russia

US President Brarack Obama has signed an executive order to expand US economic sanctions against Russia over the Kremlin&apos;s move to absorb Crimea. Obama&apos;s order is directed at Russian President Vladimir Putin&apos;s chief of staff and 19 other individuals, as well as a Russian b...

People seeking asylum in industrialised countries up 28% : UN

United Nations says the number of people seeking asylum in industrialised countries rose by 28 percent last year. Figures released by the UN&apos;s Refugee Agency show there were more than 6 lakh applicants, the highest total for ten years. The largest number were from Syria. Syria&apos;s wa...

Number of people seeking asylum in industrialised countries up 28% : UN

United Nations says the number of people seeking asylum in industrialised countries rose by 28 percent last year. Figures released by the UN&apos;s Refugee Agency show there were more than 6 lakh applicants, the highest total for ten years. The largest number were from Syria. Syria&apos;s wa...

EU steps up sanctions against Russia

The European Union has stepped up sanctions against Russia following the annexation of Crimea. EU leaders meetings in Brussels added 12 more names to an existing list of 21 Russian and Crimean officials, subject to visa bans and asset freezes. Earlier, the United States announced sanctions against 2...