KFA employees to move court |
- KFA employees to move court
- Has India lost attraction in global car market?
- Fiscal strain shows in run-up to Budget
- Diesel, LPG price hike on anvil
- New home launches decline 16% in top 8 cities
- New home launches decline 16% in top 8 cities
- Rupee gains 23 paise against dollar
- Car sales growth heads for nine-year low
- Sensex closes 76 points down
- India to grow at 6.7% in 2013-14: Crisil
- Credit profile of steel producers to remain stable
- Times Internet ties up with Gawker media
- Rajiv Takru appointed secretary, finance ministry
- Rupee gains 4 paise against dollar in early trade
- Outlook for auto industry stable in 2013: Fitch
| Posted: 09 Jan 2013 04:10 PM PST Employees of the grounded Kingfisher Airlines on Wednesday decided to drag the management to court for payment of salary dues of well over eight months. Some employees even plan to ask the airline to shut down and sell its assets and clear their dues as they say their hardships are reaching levels that drove an engineer's wife to suicide late last year. 
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| Has India lost attraction in global car market? Posted: 09 Jan 2013 03:59 PM PST Against expectations of a boom in India which was being projected as the next big frontier for global carmakers battling financial crisis and stagnation in Europe and the US, the market has slowed down considerably, with growth rate projected to fall to a 10-year low. 
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| Fiscal strain shows in run-up to Budget Posted: 09 Jan 2013 03:52 PM PST For the finance ministry, budget-making is usually an annual exercise with a focus on the new year. But this year is different. As finance minister P Chidambaram gets into a final huddle with his officers for the 2013-14 budget, he is worried about the targets set for the current financial year. 
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| Diesel, LPG price hike on anvil Posted: 09 Jan 2013 03:42 PM PST Brace for higher fuel bills as the government frontloads fiscal reforms and tries to build consensus for raising diesel, cooking gas and kerosene prices-fuels it controls-to reduce subsidy bill and manage deficit. 
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| New home launches decline 16% in top 8 cities Posted: 09 Jan 2013 06:57 AM PST Residential market across major cities in India witnessed a drop in total number of units launched by approximately 16% over previous year. 2012 recorded launch of approximately 1, 62,000 new units of residential properties across the eight major cities. 
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| New home launches decline 16% in top 8 cities Posted: 09 Jan 2013 05:53 AM PST About 1.62 lakh housing units were launched last year in India's eight major cities -- a drop of 16 per cent from 2011, global property consultant Cushman & Wakefield said today. 
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| Rupee gains 23 paise against dollar Posted: 09 Jan 2013 05:30 AM PST The Indian rupee today appreciated by 23 paise to close at 54.75 against the US dollar following sustained selling of the American currency by exporters and some banks amid persistent capital inflows. 
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| Car sales growth heads for nine-year low Posted: 09 Jan 2013 04:32 AM PST India's car sales are expected to post their weakest growth in nine years, if any at all, as automakers such as Tata Motors (TAMO.NS: Quote, Profile, Research) and Maruti Suzuki (MRTI.NS: Quote, Profile, Research) battle with falling demand due to high interest rates and rising car ownership costs. 
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| Posted: 09 Jan 2013 03:15 AM PST The BSE benchmark Sensex on Wednesday closed 76 points down as investors indulged in trimming their positions ahead of the quarterly earning season. 
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| India to grow at 6.7% in 2013-14: Crisil Posted: 09 Jan 2013 01:35 AM PST The Indian economy would grow at a higher rate of 6.7% in 2013-14 compared to the estimated growth of 5.5% for the current financial year (2012-13) due to a revival in consumption, ratings agency Crisil has said. 
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| Credit profile of steel producers to remain stable Posted: 09 Jan 2013 12:58 AM PST The credit profiles of rated steel producers would remain stable in 2013, driven by continued albeit slow growth in domestic steel demand. 
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| Times Internet ties up with Gawker media Posted: 09 Jan 2013 12:43 AM PST Times Internet (TIL), has entered into a strategic partnership with Gawker Media (Gawker), America's largest independently owned & operated online media company. 
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| Rajiv Takru appointed secretary, finance ministry Posted: 08 Jan 2013 11:53 PM PST Senior IAS officer Rajiv Takru was today appointed secretary in the finance ministry. 
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| Rupee gains 4 paise against dollar in early trade Posted: 08 Jan 2013 08:34 PM PST The rupee today gained four paise to 54.94 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid sustained foreign capital inflows. 
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| Outlook for auto industry stable in 2013: Fitch Posted: 08 Jan 2013 01:46 AM PST The outlook for the domestic auto industry this year is stable. Low demand in 2013 coupled with a capacity overhang and intensifying competition is likely to reduce industry operating margins. 
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