Business

February 21, 2012 11:32 AM

Kingfisher top brass appear before DGCA to explain cancellations

The top brass of cash strapped Kingfisher airlines today appeared before the Directorate General Civil Aviation, DGCA, to explain large scale flight disruptions. The DGCA had asked the airline CEO to meet them today to explain the reasons behind the disruption of flights. It decided to take action a...

February 21, 2012 11:20 AM

Kingfisher top brass appear before DGCA to explain cancellations

The top brass of cash strapped Kingfisher airlines today appeared before the Directorate General of Civil Aviation, DGCA, to explain large scale flight disruptions. The DGCA had asked the airline CEO to meet them today to explain the reasons behind the disruption of flights. It decided to take actio...

February 21, 2012 11:03 AM

Iran threatens to cut oil exports to more EU Nations

Iran will cut oil exports to six more European Union nations if they remainhostile. Deputy Oil Minister Ahmad Qalebani, who heads Iran's state oil company, said that the exports to Spain, Greece, Italy, Portugal, Germany and the Netherlands would be stopped. Qalebani also said that any coun...

February 21, 2012 10:51 AM

Eurozone agrees on Greece bailout

Eurozone Finance Ministers have reached an agreement on a vital second bailout for heavily indebted Greece. The deal, which came after more than 13 hours of talks in Brussels, will provide Athens with loans worth more than 170 billion dollars. Greece needs the funds to avoid bankruptcy on 20 March, ...

February 21, 2012 10:36 AM

Rupee up at 49.10 against dollar

The rupee appreciated by 17 paise to 49 rupees 10 paise against the dollar in early trade today on increased foreign fund inflows, amid firm equity markets. The domestic currency had closed flat at 49 rupees 27 paise against the US currency in the previous session on Friday. The forex and money mark...

February 21, 2012 10:36 AM

Rupee up at 49.10 against dollar

The rupee appreciated by 17 paise to 49 rupees 10 paise against the dollar in early trade today on increased foreign fund inflows, amid firm equity markets. The domestic currency had closed flat at 49 rupees 27 paise against the US currency in the previous session on Friday. The forex and money mark...

February 21, 2012 9:51 AM

Sensex up by 106 pts in early trade

The BSE benchmark index Sensex rose by over 106 points in early trade today on sustained buying by funds and retail investors amid a firming trend in Asian markets. The 30-share index, which had gained 135.36 points in the previous session, rose further by 106.58 points, or 0.58 percent, to 18,396.3...

February 21, 2012 8:40 AM

Govt to release Consumer Price Index on monthly basis

Beginning today, the government will release the nation-wide Consumer Price Index on a monthly basis. It will better reflect the retail price movement and will help the RBI take effective monetary policy steps to deal with inflation. The new Consumer Price Index, according to experts, will eventuall...

February 20, 2012 8:36 PM

Eurozone Finance Ministers begins to arrive in Brussels

Eurozone Finance Ministers have begun to arrive in Brussels for talks to secure a second bailout for Greece, amid signs that agreement is likely. French Finance Minister Frederic Baroin said that all of the elements for a deal were in place. But his Greek counterpart Evangelis Venizelos said hagglin...

February 20, 2012 7:45 PM

Iran to cut oil to more EU nations<br/>

Iranian Deputy Oil Minister Ahmad Qalebani today said that the Islamic republic will possibly cut its oil exports to six other European Union states, including Portugal, Spain, Greece, Italy, Germany and the Netherlands. A local local news agency quoting the Oil Minister said, if the hostile measure...

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