Ambani feud Mukesh company threatens Anil’s RCOM of arbitration; but says, let’s first try to make up through mutual conciliation
New Delhi, July 3: With just five days left for Anil Ambani's Reliance Communications Ltd (RCOM) to strike a deal with South Africa's MTN, Mukesh Ambani-promoted Reliance Industries Ltd (RIL) today called RCOM for mutual conciliatory talks before initiating formal arbitration.
KPMG study says despite ATF price hike, Indian airlines can break even by simple measures
NEW DELHI, JULY 3: Indian carriers that are reeling under projected losses of Rs 8,000 crore this fiscal can achieve break even and become profitable despite rising jet fuel costs, says a new study by KPMG. The study suggests airlines can achieve this by focusing on process improvements, cost optimisation and by switching to a leaner business model.
Even as the date for economic-cooperation talks nears, countries yet to resolve certain issues
New Delhi, July 2 : For the upcoming round of discussion on the India-Sri Lanka Comprehensive Economic Partnership Agreement (CEPA) to be held in Colombo from July 9 to July 12, India has offered to reduce the number of items on its negative list — items excepted from tariff reduction commitments under the agreement — by about 80 items, Rajeev Kher, joint secretary in the Ministry of Commerce and Industry and officer-in-charge for India’s trade agreements in the SAARC region.
Producers will be told to compel retailers to stick to the price line
New Delhi, July 1: Concerned over prices of various steel products rising by 10 per cent, steel ministry is going to ask the producers on Thursday to correct market distortions and do some plain-speaking with their retailers to pass on the benefits of the frozen price line to the end-consumers. If the producers fail to hold the line, the ministry will examine ways to control the prices.
MUMBAI, JUNE 30: Dalal Street extended losses for the second successive session on Monday with the Sensex shaving off another 341 points as high inflation, rising interest rates, record high oil prices and political concerns continued to haunt the markets. The Sensex plunged another 341 points or 2.47 per cent at 13,461.60, thereby taking the total losses for the month to 18 per cent, or 2,954 points — the biggest monthly drop since May 1992.
2008 index Canada tops the list as the most transparent real estate market
New Delhi, june 30: Real estate markets of European countries, the Australian region and the American region are the most transparent real estate markets in the world. Canada’s market now ranks as the world’s most transparent commercial real estate market in the world. Transparency is at its lowest in the Middle East and North Africa (MENA) countries.
NEW DELHI, JUNE 16 : Prospects of air travel becoming more affordable continue to remain slim, with state governments once again deferring a decision on reducing sales tax on aviation turbine fuel (ATF). States have asked the Centre to provide a detailed explanation on how ATF price is fixed before they can take up the issue. However, informed sources hinted that states were unlikely to take a favourable decision on the matter even then.
Subprime crisis choked the US economy, shareholders lost piles of wealth, employees feared layoffs, but chief exceutives had a 3.5 per cent pay increaseRACHEL BECK &
NEW YORK, june 16: As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
Analysts say data another signal economy is doing well, RBI can now further tighten policy
NEW DELHI, June 12: India’s industrial output rose 7 per cent in April from a year earlier, rebounding from the previous month with a resilience that economists said gave the central bank room to tighten policy further. Industrial production outstripped a forecast for annual growth of 5.7 per cent in a Reuters poll, and jumped from an upwardly revised 3.9 per cent in March. The data comes a day after the Reserve Bank of India (RBI) unexpectedly raised its key lending rate for the first time in more than a year, taking it up 25 basis points to a five-and-a-half year high of 8 per cent to contain inflation expectations.
MUMBAI: Though Ranbaxy and Daiichi Sankyo announced the takeover deal only on Wednesday, a section of marketmen got wind of the deal on Monday itself. The Sensex plunged by 506 points on Monday, but Ranbaxy share rose by 3.86 per cent to Rs 526.40. On Tuesday, the Sensex fell by 177 points, but Ranbaxy scrip shot up by 6.52 per cent to Rs 560.75. The scrip touched a high of Rs 592.70 before closing flat at Rs 560.80 on Wednesday after both the companies made the deal public.
