Ministry, RBI to jointly tackle inflation, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, has said that the Ministry of Finance and the Reserve Bank of India would take concerted action to control the spiralling inflation that reached 7.51 per cent last week. "Action can be taken in a ...
Soaring crude prices ONGC nets big gains
ONE man's meat is another man's poison. And this adage can well apply to the domestic oil industry. The recent spike in global oil prices has helped Oil and Natural Gas Corporation (ONGC) flourish and the public sector oil marketing companies ...
A-I signs code-share pact with Lufthansa
EMPLOYING the partnership model to expand their network and capacity, Lufthansa and Air-India on Tuesday signed a memorandum of understanding that will cover strategic areas including the development of the India-US market, code sharing and ...
Whisky major Inver House in deal with Vangal's firm
Thailand's Pacific Spirit controlled Inver House, the world's largest supplier of bulk scotch and among the top 10 distilleries, has entered into a definite agreement with Mason & Summers Alcobev Ltd, formerly Katra Liquor, a Bangalore-based ...
3rd box terminal: JNPT signs pact with Gateway Terminals
THE curtain has come down on the protracted bidding process for the Rs 1,000-crore third container terminal project at Jawaharlal Nehru port, with the port signing the licence agreement with the successful bidder, Gateway Terminals India Pvt Ltd ...
Plastic money boosts retail spend
RETAIL spending in India is largely done by credit cards, according to a recent published report. They account for over 45 per cent of retail spend and are expected to touch 65 per cent over the next three to five years. This may well be true ...
Rail Bhavan gates closed for latecomers
On the orders of the Railway Minister, the Rail Bhawan gates were closed at 9:30 a.m. on Tuesday and latecomers sent back with a loss of pay for the day.
Ministry not worried over interest outgo
THE Finance Ministry does not see its interest payments outgo during the current fiscal to go way beyond the Budget estimate of Rs 129,500 crore. This is despite the coupon rates on its recent market loans going up significantly in line with ...
Tax spectre causes flight of NRI deposits
WITH less than a month to go before the tax on NRI deposits comes into force, some banks have reported steep erosion in the corpus of NRI deposits held in the country. Confirming the trend, Mr K.P. Padmakumar, Chairman of Federal Bank, said: ...
Auto stocks rev up in listless market
THE markets gyrated within a narrow range on Tuesday's trading with auto and pharma stocks chalking up significant gains. The BSE Sensex closed 0.36 per cent higher at 5252.1 points. The S&P CNX Nifty edged up by 0.58 per cent to close at 1652.1
Dabur to join shampoo price wars To launch one-rupee sachet to drive volumes
Nearly four months after the first price cuts were announced by Hindustan Lever and Procter & Gamble, Dabur India Ltd has decided to cut Vatika shampoo prices by 20 per cent from next month besides launching the brand in one-rupee sachets to ...
Now, a 24-hour channel for ads!
HAVE you heard of a channel dedicated to advertisements. If this sound's funny, better be serious about it. Come September 6, the world's first TV Channel will go on air. The first 24-hour TV channel dedicated to the world of advertising, ...
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