AAI won't let lessors take KFA planes

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• AAI won't let lessors take KFA planes
• India to run out of phone nos by next year
• ONGC sees big output jump from new platform
• ONGC looking to hire RIL's production facilities
• Airtel world's fourth largest operator
• I-T refunds decline 23.33% in April-Sept
• Tata group revenue tops $100bn; profit slips to $5bn
• Govt extends service tax return deadline by a month
• RBI should cut repo rate by 0.5%, CRR by 0.75%: CII

AAI won't let lessors take KFA planes Posted: 21 Oct 2012 04:48 PM PDT Sceptical of Kingfisher Airline's (KFA) claim of submitting a viable plan to restart operations, the aviation ministry and its agencies are going to turn the heat on the debt-laden carrier whose licence was suspended on Saturday.

India to run out of phone nos by next year Posted: 21 Oct 2012 04:40 PM PDT All the phone numbers series currently in use, like the ones beginning with 98 or 99, are quickly getting used up with the subscriber base in the country expected to reach a billion and beyond by next year.

ONGC sees big output jump from new platform Posted: 21 Oct 2012 03:28 PM PDT Flagship explorer Oil and Natural Gas Corporation expects a Rs 6,060-crore mid-sea oil and gas processing facility to raise production from the Mumbai High fields, its mainstay, by 9,000 bpd (barrels per day).

ONGC looking to hire RIL's production facilities Posted: 21 Oct 2012 10:45 AM PDT ONGC is in talks to hire Reliance Industries' unutilised production facilities on the east to quickly bring to production its gas find in the Krishna Godavari basin.

Airtel world's fourth largest operator Posted: 21 Oct 2012 04:16 AM PDT Telecom major Bharti Airtel is the fourth largest mobile operator in the world with over 250 million connections globally, according to analyst firm Wireless Intelligence.

I-T refunds decline 23.33% in April-Sept Posted: 20 Oct 2012 11:14 PM PDT The Income Tax refunds during the first half of current financial year have come down to Rs 46,000 crore from Rs 60,000 crore in the same period last year.

Tata group revenue tops $100bn; profit slips to $5bn Posted: 20 Oct 2012 11:09 PM PDT Salt-to-software conglomerate Tatas have become the country's first business house to attain USD 100 billion revenue, even as the group's profit slipped to near USD five billion in the last fiscal year.

Govt extends service tax return deadline by a month Posted: 20 Oct 2012 11:06 PM PDT The revenue department has extended the deadline by one month to November 25 for filing of service tax returns for the April-June quarter, as it has not been able to provide electronic return form in time.

RBI should cut repo rate by 0.5%, CRR by 0.75%: CII Posted: 20 Oct 2012 10:51 PM PDT The Reserve Bank should immediately cut its policy rates by at least 0.5 percentage points to revive investments and rejuvenate industrial growth, industry body CII said today.

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