financial health

FDI in aviation boosts airlines’ stocks


September 17th, 2012 - 11:24 pm ICT by IANS
Mumbai, Sep 17 (IANS) Scrips of major domestic airlines soared Monday after the government allowed foreign investments by international airlines into domestic airline industry.Scrip of the cash-strapped Kingfisher Airlines touched ... Read more...

Posted in Business |

Russian gold medallist skater’s show in doubt


August 16th, 2012 - 8:28 pm ICT by IANS
Moscow, Aug 16 (IANS) A show starring Olympic gold medallist figure skater Evgeni Plushenko is at the centre of a dispute over organisers allegedly selling tickets for an event that ... Read more...

Posted in Sports |

IMF pares India’s growth to 6.1 percent


July 16th, 2012 - 8:37 pm ICT by IANS
Washington, July 16 (IANS) With global recovery weakening further, the International Monetary Fund (IMF) has marginally reduced India's growth projections from 6.8 percent to 6.1 percent for 2012 ... Read more...

Posted in World |

Fitch downgrades India’s rating to ‘negative’


June 18th, 2012 - 8:41 pm ICT by IANS
Chennai, June 18 (IANS) Credit rating agency Fitch Ratings Monday revised downward India's outlook to "negative" from "stable" owing to corruption and inadequate reforms.It, however, affirmed the country's long term ... Read more...

Posted in Business |

Pranab asks banks to reduce non-performing assets


June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...

Posted in Business |

Olympus to cut 2,700 jobs


June 9th, 2012 - 6:01 pm ICT by IANS
London, June 9 (IANS) Olympus, the Japanese camera and medical equipment maker, will cut 2,700 jobs in next five years, it was reported here.The company lost 49 billion yen ($618 ... Read more...

Posted in Business |

‘Bengal minister’s appointment violative of Constitution’


April 18th, 2012 - 10:32 pm ICT by IANS
Kolkata, April 18 (IANS) The Bharatiya Janata Party (BJP) Wednesday wrote to the chief election commissioner, requesting him to disqualify West Bengal Industries Minister Partha Chatterjee's legislatorship after he ... Read more...

Posted in Politics |

Bengal minister becomes HPL chairman


March 27th, 2012 - 9:45 pm ICT by IANS
Kolkata, March 27 (IANS) West Bengal Industry Minister Partha Chatterjee was Tuesday inducted as chairman of Haldia Petrochemicals Ltd (HPL) at a board meeting where it was decided to convert ... Read more...

Posted in Politics |

Trivedi’s rail fare hike reasonable, say economists


March 15th, 2012 - 12:57 pm ICT by IANS
Kolkata, March 15 (IANS) Notwithstanding severe criticism from his own Trinamool Congress that may cost him his job, Railway Minister Dinesh Trivedi has got a thumbs up for his ... Read more...

Posted in Uncategorized |

Indian Railways aims to cut operating ratio


March 14th, 2012 - 2:48 pm ICT by IANS
New Delhi, March 14 (IANS) Indian Railways aims to cut operating ratio, which is the money spent to earn every Rs.100, to 84.9 percent in 2012-13 from 95 percent in ... Read more...

Posted in Business |

Subex bags deal from West Asian mobile operator


March 6th, 2012 - 9:41 pm ICT by IANS
Bangalore, March 6 (IANS) Indian telecom software provider Subex Ltd won a multi-million dollar contract from a leading mobile operator in West Asia for installing its fraud management and revenue ... Read more...

Posted in Business |

Growth will be below 7.5 percent, says Pranab


January 18th, 2012 - 6:04 pm ICT by IANS
New Delhi, Jan 18 (IANS) India's economic growth will fall below 7.5 percent in the current financial year and it would be a "major challenge" to meet the fiscal ... Read more...

Posted in Business |

BSNL to lease infrastructure, data services to improve business


December 3rd, 2011 - 12:19 am ICT by IANS
New Delhi, Dec 2 (IANS) State-owned Bharat Sanchar Nigam Ltd (BSNL) plans to lease spare capacity of its 60,000 towers across the country to private players and push on its ... Read more...

Posted in Sci-Tech |

Kingfisher Q2 losses at Rs.468 crore, board to meet again


November 15th, 2011 - 2:53 pm ICT by IANS
Mumbai, Nov 15 (IANS) Kingfisher Airlines, which continues to cancel many flights while struggling with an exodus of pilots and huge debts, Tuesday reported a net loss of Rs.468.66 ... Read more...

Posted in Business |

Kingfisher board to chalk out rescue plan


November 14th, 2011 - 9:37 pm ICT by IANS
Mumbai, Nov 14 (IANS) Cash-strapped Kingfisher Airlines' board is to meet here again Tuesday, after their Monday meet was inconclusive in chalking out a rescue plan for the carrier ... Read more...

Posted in Business |

We are being maligned: Dhanalaxmi Bank official


October 22nd, 2011 - 8:23 pm ICT by IANS
Thiruvananthapuram, Oct 22 (IANS) The Dhanalaxmi Bank has dismissed as having "no merit" ongoing campaigns allegedly aimed at maligning the institution and raising doubts about the financial health of the ... Read more...

Posted in Uncategorized |

Oil marketers to incur loss of Rs.121,000 crore in current fiscal


October 10th, 2011 - 8:02 pm ICT by IANS
Mumbai, Oct 10 (IANS) A depreciating rupee and higher cost of crude was affecting the functioning of oil marketing companies (OMCs) and they could end up incurring losses of over ... Read more...

Posted in Uncategorized |

IMF urges global financial regulatory reforms


September 21st, 2011 - 9:44 pm ICT by IANS
Washington, Sep 21 (IANS) Emerging economies should limit the build-up of financial imbalances to maintain resilience to future financial shocks as financial stability risks have risen sharply in recent months, ... Read more...

Posted in World |

Air India may slash routes to reduce losses


August 26th, 2011 - 4:54 pm ICT by IANS
New Delhi, Aug 26 (IANS) State-run carrier Air India plans to shut operations on several loss-making routes to reduce expenditure and improve cash flow as the company's outstanding liabilities ... Read more...

Posted in Business |

AI staff morale, financial health top priority: New chief


August 12th, 2011 - 9:00 pm ICT by IANS
New Delhi, Aug 12 (IANS) The newly appointed Air India chairman-cum-managing director (CMD) Rohit Nandan Friday said his top priorities were to boost employee morale and the financial health of ... Read more...

Posted in Business |

Air India chief Jadhav being axed


August 12th, 2011 - 1:26 pm ICT by IANS
New Delhi, Aug 12 (IANS) The government has decided to sack Air India chairman and managing director Arvind Jadhav and name an interim replacement for the two posts till a ... Read more...

Posted in Uncategorized |

Left regime suppressed democratic rights, says Narayanan


June 13th, 2011 - 8:15 pm ICT by IANS
Kolkata, June 13 (IANS) West Bengal Governor M.K. Narayanan Monday accused the erstwhile Left Front regime of suppressing democratic rights and freedom of the people and said the new government ... Read more...

Posted in Uncategorized |

It’s a mandate for Mamata: Pranab


May 15th, 2011 - 6:11 pm ICT by IANS
Kolkata, May 15 (IANS) Describing the victory of the Trinamool Congress-led alliance in the West Bengal polls as a popular mandate for Mamata Banerjee, union Finance Minister Pranab Mukherjee ... Read more...

Posted in Politics |

World’s richest man to hold stake in new Spanish bank


May 12th, 2011 - 12:14 pm ICT by IANS
Barcelona, May 12 (IANS/EFE) Mexico's Carlos Slim, the world's richest man, will hold a one percent stake in CaixaBank, once the La Caixa savings bank transfers its banking business to ... Read more...

Posted in Business |

‘World Cup semi-finalist’ Pak team richer by over a million dollars


April 4th, 2011 - 12:40 pm ICT by ANI
Islamabad, Apr 4(ANI): Members of the 15-man Pakistan cricket team have become richer by over a million dollars due to their stupendous show in the World Cup, where they were knocked out ... Read more...

Posted in Sports |

1,300 illegal colonies seek regularization in Haryana


March 20th, 2011 - 11:06 am ICT by IANS
Chandigarh, March 20 (IANS) With the Haryana government announcing that all illegal slum colonies across the state will be regularized, the government has received nearly 1,300 applications for regularization.Minister of ... Read more...

Posted in Business |

Mamata’s budget a joke on people: BJP


February 25th, 2011 - 8:18 pm ICT by IANS
New Delhi, Feb 25 (IANS) Branding Railway Minister Mamata Banerjee a "dream peddler", the Bharatiya Janata Party (BJP) Friday said she was "playing a joke" on the people by announcing new ... Read more...

Posted in Business |

Banerjee set to present her fifth rail budget


February 24th, 2011 - 7:35 pm ICT by IANS
Kolkata, Feb 24 (IANS) Railway Minister Mamata Banerjee is all set to present her fifth annual budget for the ministry Friday, amid concern over poor progress of large projects and the ... Read more...

Posted in Business |

US envoy asks Pakistan to check corruption


December 7th, 2010 - 12:37 am ICT by IANS
By Awais Saleem Islamabad, Dec 6 (IANS) The new US ambassador to Pakistan, Cameron Munter, said Monday the country will not be able to attract foreign investment unless and until it is able ... Read more...

Posted in South Asia |

Mukherjee asks chartered accountants to apply accounting standards uniformly


November 28th, 2010 - 12:46 pm ICT by ANI
Kochi, Nov 28 (ANI): Union Finance Minister Pranab Mukherjee has asked Chartered Accountants to apply accounting standards uniformly and assist in presenting the true picture of the financial health of the ... Read more...

Posted in National |

GOP Opposes The Bill Meant For The Extension Of Unemployment Benefits


November 19th, 2010 - 8:27 pm ICT by Pen Men At Work
November 19, 2010 (Pen Men at Work): The American House on Thursday overruled an extension of benefits for employees facing unemployment as a result of the reenergized Republican disparagement of the proposal’s ... Read more...

Posted in Politics |

CA plans to expand T20 Big Bash to reduce financial reliance on India


November 18th, 2010 - 7:26 pm ICT by ANI
Sydney, Nov 18(ANI): Cricket Australia (CA) Chief Executive James Sutherland has revealed that there are plans to expand the domestic Twenty20 competition to create a new income stream that can reduce the ... Read more...

Posted in Sports |

Pak Minister admits corruption rampant throughout the country in National Assembly!


October 8th, 2010 - 5:56 pm ICT by ANI
Islamabad, Oct 8 (ANI): A federal minister of the Pakistan government admitted in the National Assembly that corruption was rampant everywhere in the country, and not only in his ministry."I don't say ... Read more...

Posted in South Asia |

TLC Premieres ‘Sextuplets Take New York’


September 15th, 2010 - 7:27 pm ICT by GD
By Meena Kar Sep 15, (THAINDIAN NEWS) TLCs latest offering promises to be one drama-less affair about a couple raising sextuplets. Though the fans might be strongly reminded of the Gosselins, 'Sextuplets Take ... Read more...

Posted in Entertainment |

Barack Obama Likely To Endorse Additional Business Tax Breaks


September 8th, 2010 - 4:16 pm ICT by Sampurn Wire
Washington, September 8, 2010 (Just Flashed): The American President, Barack Obama, will appeal to the U.S. Congress to ratify fresh tax breaks that would permit businesses to set aside 100 percent ... Read more...

Posted in World |

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