AI's Rs 30,000 cr revamp stuck in red tape |
- AI's Rs 30,000 cr revamp stuck in red tape
- KG basin gas story runs out of steam
- Everstone leads race for stake in Hinduja Finance
- Sebi probes 35 brokers for money laundering
- Former UBS trader faces trial over $2.3 billion losses
- IMF backs Draghi; says Spain, Italy did enough
- Eurozone enters dangerous week buoyed by ECB
- Iran's currency dives to record low
- Hinduja Global to hire 4,000 people this year
- IIP and inflation data to guide market mood this week
- Travel agents take commission fight to MPs
| AI's Rs 30,000 cr revamp stuck in red tape Posted: 09 Sep 2012 04:09 PM PDT Aviation sources fear that the restructuring may get expensive as the loss-making public sector company is dealing with higher debt servicing costs. 
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| KG basin gas story runs out of steam Posted: 09 Sep 2012 04:04 PM PDT In 2005, while addressing students at IIM-Ahmedabad, Reliance Industries (RIL) chairman Mukesh Ambani compared India's east coast to the Gulf of Mexico. 
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| Everstone leads race for stake in Hinduja Finance Posted: 09 Sep 2012 04:02 PM PDT Everstone, an India-focused private equity firm co-founded by Goldman Sachs bankers Sameer Sain and Atul Kapur, could invest Rs 150 crore for a stake of about 10% in Hinduja Leyland Finance. 
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| Sebi probes 35 brokers for money laundering Posted: 09 Sep 2012 04:01 PM PDT As many as 35 stock brokers have been probed by capital market regulator Securities and Exchange Board of India (Sebi) for possible lapses in controls related to money laundering and terror financing, and further action may be taken soon in these cases. 
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| Former UBS trader faces trial over $2.3 billion losses Posted: 09 Sep 2012 09:56 AM PDT A former UBS trader goes on trial in London this week in a case involving losses of $2.3 billion that will subject the Swiss bank to an "uncomfortable" examination of its culture and practices. 
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| IMF backs Draghi; says Spain, Italy did enough Posted: 09 Sep 2012 08:02 AM PDT The International Monetary Fund on Sunday strongly backed the European Central Bank's plan to staunch the eurozone debt crisis with unlimited bond purchases, saying it was ready to get involved in designing and monitoring its implementation. 
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| Eurozone enters dangerous week buoyed by ECB Posted: 09 Sep 2012 07:59 AM PDT The eurozone enters a dangerous week, strewn with potential landmines, in a somewhat more optimistic mood after investors welcomed a European Central Bank plan to prevent a breakup of the single currency. 
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| Iran's currency dives to record low Posted: 09 Sep 2012 06:24 AM PDT Iran's currency hit a record low against the US. dollar in street trading, the semiofficial Mehr news agency reported Sunday. 
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| Hinduja Global to hire 4,000 people this year Posted: 09 Sep 2012 02:58 AM PDT Hinduja Global Solutions, the BPO arm of the diversified Hinduja Group, plans to hire about 3,000-4,000 people in the current fiscal. 
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| IIP and inflation data to guide market mood this week Posted: 09 Sep 2012 02:50 AM PDT Stock markets are likely to witness volatile trading in the coming week in view of industrial output and inflation data that are lined up for release, according to experts. 
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| Travel agents take commission fight to MPs Posted: 09 Sep 2012 02:23 AM PDT Failing to get any respite from the aviation ministry on their demand to enhance agency fee to 5 per cent, the Travel Agents Association of India (TAAI) has approached the law makers to intervene in the issue. 
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