Indian brands get 'halal' stamp

Mon, 21 May 2012 00:11:06 GMT

Islamic branding is an idea whose time has come, as brands tracking a broader consumer base get accustomed to Muslim sensibilities.

Govt bid to boost regional air links

Mon, 21 May 2012 00:10:29 GMT

In a move that could boost connectivity, the government plans to make it mandatory for airlines to operate feeder flights into big cities from nearby places. Such a move would.

Centre not sitting idle on Rupee's fall: Pranab Mukherjee

Mon, 21 May 2012 00:07:15 GMT

Union finance minister Pranab Mukherjee on Sunday expressed concern over the sharp fall in rupee and said it was linked to the Eurozone uncertainty.

Air India piles up Rs 454crore service tax dues

Mon, 21 May 2012 00:01:59 GMT

Five months after its accounts were frozen for non-payment of taxes and duties, crisis-ridden Air India has piled up about Rs 454 crore of dues but has promised to clear it as soon as it gets capital infusion from the government.

Govt responsible for financial crisis: BJP

Sun, 20 May 2012 14:47:54 GMT

The economy gets affected when policies are framed with political and electoral gains in mind, BJP leader Murli Manohar Joshi today said and demanded a debate in Parliament on the current economic situation of the country.

India-Japan trade to touch $ 25bn by 2014: Study

Sun, 20 May 2012 05:59:42 GMT

The trade between India and Japan is likely to touch USD 25 billion by 2014 on the back of a trade deal that the two countries signed in 2011, a study has said.

AI piles up Rs 454cr service tax dues

Sun, 20 May 2012 05:37:32 GMT

Five months after its accounts were frozen for non-payment of taxes and duties, crisis-ridden Air India has piled up about Rs 454 crore of dues but has promised to clear it as soon as it gets capital infusion from the government.

Nightmare foretold if Greece heads for euro exit

Sun, 20 May 2012 04:40:57 GMT

In Athens, the homeless are on the streets in growing numbers, soup kitchens feed twice as many people as a year ago, and the poor are diving into garbage bins in search of scrap they can sell.

Ajit Singh promises to solve AI crisis

Sat, 19 May 2012 22:53:25 GMT

Civil aviation minister Ajit Singh on Saturday promised to solve Air India pilots' problems "within three months'' while asking them to end their "illegal'' strike.

Rel Cap back in green, nets Rs 329cr profit

Sat, 19 May 2012 21:34:22 GMT

Boosted by the sale of stake in the life insurance business, profits in mutual funds and life insurance businesses as well as strong growth in commercial finance, ADAG's Reliance Capital, the financial sector flagship company within Anil Ambani's Reliance group, reported a consolidated net profit of Rs 329 crore during the quarter ending March 2012, compared to a net loss of Rs 6 crore during the same period last year.

JPMorgan to be haunted by change in risk model

Sat, 19 May 2012 15:52:08 GMT

JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered.

Europe thinks the unthinkable on Greece

Sat, 19 May 2012 15:14:06 GMT

European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, as European share prices tumbled and Germany warned of continuing financial turmoil.

Forex reserves drop by $1.37 billion

Sat, 19 May 2012 15:02:40 GMT

Foreign exchange reserves declined by $1.37 billion to $291.80 billion for the week ended May 11, largely due to drop in the value of core currency reserves, official data showed.

Strike of AI pilots illegal: Ajit Singh

Sat, 19 May 2012 14:12:33 GMT

Terming the strike of Air India pilots as illegal , Union civil aviation minister Ajit Singh appealed the pilots to resume work.

Odisha alumina refinery by Jan: Hindalco

Sat, 19 May 2012 10:27:33 GMT

Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in Orissa by January 2013, a senior company executive said today.

RBI: Curbing Rupee volatility priority

Sat, 19 May 2012 00:45:57 GMT

The Reserve Bank of India (RBI) has made it clear on Friday that its prime objective is to curb the currency volatility and it will do the needful to rein in the rupee fall.

Birlas to buy 27.5% stake in Living Media

Sat, 19 May 2012 00:43:41 GMT

After RIL chief Ambani invested in Network 18 group , the billionaire chairman of the Aditya Birla Group, Kumar Mangalam Birla, is buying a 27.5% stake in Living Media Group, the publisher of India Today weekly magazine.

SBI Q4 net up 200 times at Rs 4,050 crore

Sat, 19 May 2012 00:39:22 GMT

Beating market estimates , State Bank of India (SBI), has reported a net profit of Rs 4,050 crore for the quarter ended March 2012, nearly 200 times the net profit of Rs 21 crore in the corresponding period last year.

Govt has taken note of S&P’s outlook: Pranab

Sat, 19 May 2012 00:24:04 GMT

Replying to a question in Parliament, Mukherjee said S&P’s assessment should be viewed in the context of the current economic difficulties that nations around the globe are facing.

Rupee rebounds after hitting latest record low

Fri, 18 May 2012 13:08:08 GMT

The rupee recovered after earlier dropping to its third consecutive daily record low, tracking a recovery in domestic stocks and after a RBI deputy governor said the Reserve Bank of India would continue to defend the currency.

Sensex closes 82 points higher

Fri, 18 May 2012 11:42:57 GMT

Erasing intra-day losses of over 260 points, the BSE benchmark Sensex today ended 82 points higher and closed above the psychological 16,000 level on emergence of value-buying in fundamentally strong stocks led by State Bank of India and a sharp recovery in rupee from record lows.

Kingfisher owes Rs 269cr income tax: Govt

Fri, 18 May 2012 10:55:10 GMT

Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha today.

SBI Q4 profit surges to Rs 4,050.27 crore

Fri, 18 May 2012 10:53:52 GMT

Country's largest lender State Bank of India (SBI) on Friday posted net profit of Rs 4,050.27 crore in the fourth quarter ended March 2012, against just Rs 20.88 crore recorded in Q4 of the previous fiscal.

Govt pushes for exports to clear food stocks

Fri, 18 May 2012 10:06:34 GMT

With food silos overflowing, the government has decided to push export of foodgrains.

Nandas won't have any stake: Nikhil Nanda

Fri, 18 May 2012 09:13:45 GMT

The Nandas, promoters of Escorts Ltd, have said that their proposed merger of one subsidiary and two associate companies is not aimed at strengthening family holding, but rather at kicking in efficiencies.