Etihaad-Jet deal takes wing

Etihad Airways, the national carrier of the UAE and Jet Airways have formally announced that they have struck the deal under which Etihad has been allotted 24 per cent equity shares in the Jet Airways. All requisite Indian regulatory approvals had been obtained by both the Airways.The Jet Airways is...

PM to inaugurate 3rd BRICS int'l Competition Conference in capital today

Prime Minister Dr. Manmohan Singh will inaugurate the third Brazil, Russia, India, China and South Africa, BRICS, International Competition Conference in New Delhi today. The aim of the two-day conference is to discuss various issues and challenges in competition enforcement in BRICS countries.The c...

24% Jet Airways equity allotted to Etihad Airways

Etihad Airways, the national carrier of the UAE and Jet Airways have formally announced that they have struck the deal under which Etihad has been allotted 24 per cent equity shares in the Jet Airways. All requisite Indian regulatory approvals had been obtained by both the Airways. The Jet Airways i...

RBI urges Non-Bank Finance Companies to participate in Nov 23 Lok Adalat

The Reserve Bank of India has appealed to all Non-Bank Finance Companies to participate in the Lok Adalat being organised by National Legal Services Authority on November 23, 2013.The Department of Financial Services, Ministry of Finance communicated the information about All-India Lok Adalat on Nov...

India, UAE progressive towards reaching agreement on protecting bilateral investments

Sensex down 256 points to close above 20,000 mark

Snapping three days of gains, the Sensex at the Bombay Stock Exchange declined 256 points, or 1.2 percent, to close at 20,635, on profit-booking by investors, amid cautious global markets, today. The Sensex had rallied almost 700 points in the previous three trading sessions. The Nifty at the Nation...

Sensex down 256 points to close above 20,000 mark

Snapping three days of gains, the Sensex at the Bombay Stock Exchange declined 256 points, or 1.2 percent, to close at 20,635, amid cautious global markets, today. The Sensex had rallied almost 700 points in the previous three trading sessions. The Nifty at the National Stock Exchange dropped 80 poi...

Sensex drops over 40 points in afternoon trade

The Sensex at the Bombay Stock Exchange remained weak in afternoon trade, and stood 49 points, or 0.2 percent in negative territory, at 20,842 a short while ago. Earlier in the morning, the Sensex had dropped 28 points, or 0.1 per cent, to 20,863 on profit-booking by funds after recent strong gains,...

JP Morgan in record settlement over role in US housing crisis

The American bank JP Morgan has agreed to a record settlement of 13 billion dollars with US regulators for misleading investors during the housing crisis. The bank has been under investigation for selling risky mortgage securities to investors who were unaware that the securities often contained fau...

80 injured in garment workers clash with B'desh police

In Bangladesh, at least 80 people were injured as readymade garment workers clashed with the police yesterday in the industrial belt of Gazipur, Savar and Ashulia, demanding a minimum wage of 8100 takas. About 50 garment factories have been closed because of the agitation and clashes. The workers ag...