Monday, January 14, 2013

Qatar Airways may buy stake in SpiceJet

Qatar Airways may buy stake in SpiceJet


Qatar Airways may buy stake in SpiceJet

Posted: 14 Jan 2013 02:32 PM PST

Low-cost carrier SpiceJet could be the second Indian carrier after Jet Airways to get foreign direct investment from an international airline.


Urjit Patel takes charge as RBI deputy governor

Posted: 14 Jan 2013 02:30 PM PST

Urjit Patel on Monday took charge as deputy governor of the Reserve Bank of India two weeks ahead of a crucial monetary policy review.


SC asks govt reserve price for 2G auction

Posted: 14 Jan 2013 02:29 PM PST

The Supreme Court on Monday asked the Centre to provide in a sealed cover the reserve price it has decided for the second round of auction of 2G spectrum scheduled for March 11.


Sensex hits 2-year high, eyes Rs 20k

Posted: 14 Jan 2013 02:10 PM PST

The finance minister's resolve to put the economic reforms process back on track by announcing drastic changes to the controversial General Anti-Avoidance Rules was cheered by Dalal Street on Monday.


Insurance claims not time-bound: Panel

Posted: 14 Jan 2013 11:48 AM PST

The Maharashtra State Consumer Disputes Redressal Commission recently held that filing an insurance claim late cannot be the reason for rejecting it.


Toyota retakes global auto sales crown from GM

Posted: 14 Jan 2013 07:42 AM PST

Toyota has dethroned General Motors as the world's top-selling automaker.


Rupee gains on rate cut hopes

Posted: 14 Jan 2013 04:18 AM PST

The Indian rupee strengthened on Monday for its fourth session in the past five as lower-than-expected inflation numbers further raised expectations the central bank will cut interest rates later this month to boost economic growth.


Maruti launches new Wagon R at Rs 3.58L

Posted: 14 Jan 2013 03:36 AM PST

Country's largest car maker Maruti Suzuki today introduced a refreshed, new version of one of its best selling models Wagon R with a price starting at Rs 3.58 lakh (ex-showroom Delhi), to boost sales.


Sensex hits two-year high

Posted: 14 Jan 2013 03:11 AM PST

The BSE Sensex and Nifty rose more than 1 per cent on Monday to two-year highs after a slower-than-expected rise in inflation cemented hopes the RBI will cut interest rates later this month, boosting banks and property shares such as DLF.


Sensex hits two-year high

Posted: 14 Jan 2013 03:11 AM PST

The BSE benchmark Sensex today closed to two-year high of 19,906.41 points led by buying in banking and software stocks following postponement of GAAR amid hopes of interest rate cut after inflation declined to three-year low of 7.18 per cent.


Gold declines on sluggish demand

Posted: 14 Jan 2013 02:35 AM PST

Gold of 99.9 and 99.5 per cent purity declined by Rs 70 each to Rs 31,030 and Rs 30,830 per ten grams respectively, while sovereigns held steady at Rs 25,400 per piece of eight gram.


Govt defers GAAR tax laws to April, 2016

Posted: 13 Jan 2013 11:47 PM PST

Giving a big relief to overseas investors, the government has postponed implementation of controversial GAAR provisions by two years to April 1, 2016.


Govt defers GAAR tax laws to April, 2016

Posted: 13 Jan 2013 11:47 PM PST

The government has deferred implementation of controversial rules on tax avoidance to April, 2016, finance minister P Chidambaram said on Monday.


Inflation at three-year low

Posted: 13 Jan 2013 11:44 PM PST

India's headline inflation slowed to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later this month to boost an economy that is set to post its slowest growth in a decade.

December WPI inflation eases to 7.18%

Posted: 13 Jan 2013 11:44 PM PST

Inflation based on wholesale prices declined marginally to 7.18 per cent in December even though rates of food items like rice, wheat, pulses and potato showed a rise.


Retail inflation at 10.56% in December

Posted: 13 Jan 2013 10:57 PM PST

In urban areas, retail inflation rose to 10.42 per cent in December from 9.69 per cent in the previous month.


Sensex rallies by 163 points

Posted: 13 Jan 2013 09:44 PM PST

Stocks of second largest software exporter Infosys continued its upward march, after the company announced Q3 earnings on Friday.


Grounded Boeing Dreamliner leaks fuel in tests

Posted: 13 Jan 2013 09:17 PM PST

An open valve on the aircraft caused fuel to leak from a nozzle on the left wing used to remove fuel, a company spokeswoman said.


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