After key shareholders, IL&FS approaches government for bailout: Reports

New Delhi/Mumbai (IANS): Financially strained unlisted holding company IL&FS has sought the Central government's support to avert a looming default crisis.

Reports appearing on Monday said that the Finance Ministry was approached after…

Sensex plunges over 500 points on weak global cues

Mumbai (IANS): The key Indian equity indices provisionally closed deep in the red on Monday, as the S&P BSE Sensex lost more than 500 points and the NSE Nifty50 slipped by around 140 points amidst negative global cues on concerns over the US-China…

Germany to support Libyan elections with $2.33 mn: UN

Tripoli (IANS) The United Nations Development Programme (UNDP) in Libya on Saturday revealed that Germany will provide 2 million euros ($2.33 million) to election programmes in the country.

The German contribution, announced…

JetSetGo to start urban air transport service next week

New Delhi/Mumbai (IANS): JetSetGo, which currently manages the largest fleet of private jets and helicopters in India, plans to start an "on-demand urban air transport service" -- SkyShuttle -- from September 17.

On Saturday, the…

G-20 agree on need to reform World Trade Organization

Mar del Plata (IANS): Senior officials of the G-20 nations reached a consensus here on Friday on an initiative to reform the World Trade Organization (WTO).

"It is clear that we all share the idea that it is extremely important to draft…

Mahindra commits to become carbon neutral company by 2040

San Francisco (By - Vishal Gulati - IANS): Mahindra & Mahindra, India's leading manufacturer of utility vehicles and part of the $20.7 billion Mahindra Group, on Thursday announced its commitment to become a carbon neutral company by 2040.

Retail inflation cools down but October RBI rate hike imminent: SBI report

Mumbai (IANS): Even as the country's retail inflation cooled off in August, an October rate hike by the Reserve Bank of India (RBI) is imminent, a SBI Ecowrap report said on Wednesday.

"Even though CPI (Consumer Price Index) inflation…

SpiceJet opens five new air routes in Uttar Pradesh

Lucknow (IANS): An agreement was signed between the Uttar Pradesh government and private air carrier Spice Jet on Wednesday to fly on five new routes in the state, an official said.

The new routes on which flights will begin after clearances…

As proud Indians, we want to bring the best to India: Consulting perfumer Abdulla Ajmal

Dubai (By Durga Chakravarty-IANS): Dubai-based Indian perfumer Abdulla Ajmal, who is the consulting perfumer to Ajmal India, says the label is ready for its "ghar wapsi" to offer the best in the country.

Ajmal Perfumes, a homegrown…

Larger number of bad loans originated in 2006-2008: RBI ex-chief

New Delhi (IANS): A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said.

He said that global slowdown, project cost overruns…