Prabhu asks Aviation Secretary to review Jet issue

New Delhi (IANS) Civil Aviation Minister Suresh Prabhu on Friday said he has directed the Secretary for Civil Aviation to review issues concerning Jet Airways and take required steps to minimise passenger inconvenience.

The statement comes…

Bharti Airtel up 3%; top Sensex gainer so far

New Delhi (IANS) Shares of telecom major Bharti Airtel rose on the BSE by over 3 per cent on Thursday after the company fixed a "record" date to determine the shareholders eligible to apply for equity shares in the proposed rights issue.

Key Indian equity market indices open in green

Mumbai (IANS) Despite a muted trend in Asian markets, the key Indian equity market indices on Thursday opened higher as the first phase of the Lok Sabha Polls began with voting in 91 seats.

The Sensitive Index (Sensex) of the BSE, which had…

Breakthrough soon on fugitives Choksi, Mehta as govt pursues Big Four

New Delhi (IANS) Government sources have indicated to IANS that they are pursuing four quarries - Vijay Mallya, Nirav Modi, Mehul Choksi and Jatin Mehta - all economic offenders and fugitives from the law relentlessly.

In each case, a carefully…

IOC stops fuel supply, Jet secures other sources

New Delhi/Mumbai (IANS) The country's largest oil marketing company (OMC) Indian Oil Corporation (IOC) has once again stopped fuel supply to Jet Airways.

However, the airline said that other fuel retailers continue to supply…

Markets open in red on Wednesday

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 38,898.60, touched a high of 38,902.44 points and a low of 38,851.77.

It…

India to grow 7.3% this year, fastest for major economies: IMF

United Nations (IANS) India will retain its record as the world's fastest-growing major economy, expanding at a rate of 7.3 per cent this fiscal year despite a cut of 0.2 per cent from the projection made in January, according to the International…

SBI puts NPAs worth Rs 424 crore on sale via auction

New Delhi (IANS) State-run State Bank of India (SBI) said on Tuesday that it has put non-performing assets (NPAs or bad loans) worth Rs 423.67 crore on auction to recover unpaid dues.

The accounts -- Kamachi Industries owes Rs 364.80 crore…

Sensex, Nifty flat on oil export concerns from Libya

Mumbai (IANS) Indian equity and the currency market opened on a flat note on Tuesday as investors feared a further rise in crude oil prices owing to concerns over exports from war-torn Libya.

The oil prices were already on the rise…

Sensex down 340 points over weakness in rupee

Mumbai (IANS) The Sensex reversed early gains to fall over 340 points owing to sharp rise in crude oil prices. The rupee, in line with equities, weakened by over 50 paise against the dollar during the intra-day trade on Monday.

The benchmark…