Decision on aviation FDI deferred for next cabinet meet
April 12th, 2012 - 9:40 pm ICT by IANS
New Delhi, April 12 (IANS) A key decision on foreign carriers picking up stake in domestic airlines was deferred Thursday at a meeting of the cabinet presided over by ... Read more...
Posted in World |
‘Proposal for FDI in domestic carriers sent to commerce ministry’
February 23rd, 2012 - 4:13 pm ICT by IANS
New Delhi, Feb 23 (IANS) A proposal has been sent to the commerce ministry to permit foreign carriers invest in India's cash-strapped private airlines, Civil Aviation Minister Ajit Singh ... Read more...
Posted in Business |
Cabinet may consider FDI by foreign airlines before budget
January 31st, 2012 - 8:39 pm ICT by IANS
New Delhi, Jan 31 (IANS) The civil aviation ministry's proposal to allow foreign capital by international airlines in cash-strapped domestic carriers may come up for the cabinet's approval before ... Read more...
Posted in Business |
FDI in aviation may give flight to domestic airlines
January 22nd, 2012 - 12:39 pm ICT by IANS
New Delhi, Jan 22 (IANS) Operating through a tough financial environment, Indian carriers see a ray of hope in the government proposal to allow foreign airlines to invest funds ... Read more...
Posted in Business |
GoM to look into foreign capital in domestic airlines
January 13th, 2012 - 10:24 pm ICT by IANS
New Delhi, Jan 13 (IANS) A group of ministers (GoM) is expected to meet next week to look into the demands raised by some of the major airlines to ... Read more...
Posted in Business |
High taxes reason behind rising jet fuel: Ravi
November 30th, 2011 - 7:02 pm ICT by IANS
New Delhi, Nov 30 (IANS) The government Wednesday informed parliament that the cash-strapped Indian airline sector is being troubled by rising air turbine fuel (ATF) prices caused by high sales ... Read more...
Posted in Business |
PM to meet airline chiefs Saturday (Lead)
November 25th, 2011 - 10:06 pm ICT by IANS
New Delhi, Nov 25 (IANS) Prime Minister Manmohan Singh will meet with the heads of all Indian airlines Saturday in an attempt to chart a way out for the ... Read more...
Posted in Business |
PM to meet airlines chiefs Saturday
November 25th, 2011 - 3:58 pm ICT by IANS
New Delhi, Nov 25 (IANS) In an attempt to chart a way out for the cash-strapped Indian aviation industry, Prime Minister Manmohan Singh will meet with the heads of ... Read more...
Posted in Business |
Bank Of America’s EX CEO Vehemently Defends Merrill Lynch Buyout
August 28th, 2010 - 7:41 pm ICT by GD
By Ranjan Bhaduri
Aug 28, (THAINDIAN NEWS) In a recent development that has made sensation in the banking sector of the USA the ex CEO of Bank Of America Kenneth Lewis, and ex ... Read more...
Posted in Business |
Losses widen at Continental Airlines
April 23rd, 2010 - 6:07 am ICT by IANS
New York, April 23 (DPA) Continental Airlines, the fourth-largest US carrier, Thursday reported bigger-than-expected first-quarter losses as higher jet fuel prices raised operating costs.
Continental CEO Jeff Smisek said he was disappointed with ... Read more...
Posted in Business |
British Telecom to shed 15,000 more jobs, cuts dividend
May 14th, 2009 - 5:36 pm ICT by IANS
London, May 14 (IANS) British Telecom (BT) Thursday announced 15,000 job losses, mostly in Britain, and cut its final dividend after reporting fourth quarter losses of 977 million pounds.
In comparison with the ... Read more...
Posted in Business |
U.S. government threatened BoA’s management if it did not continue Merrill merger
April 24th, 2009 - 2:13 am ICT by admin
Washington, D.C. (BNO NEWS) – A report by New York Attorney General Cuomo released on Thursday sheds a new light on the events surrounding the Bank of America's merger with Merrill Lynch. ... Read more...
Posted in Business |
US car sales plunge
March 4th, 2009 - 4:29 am ICT by IANS
Washington, March 4 (DPA) The ailing US car industry, some of which has been propped up by emergency government loans, Tuesday reported steep declines in sales for February compared to the year-earlier ... Read more...
Posted in World |
General Motors reports $30.9 bn loss in 2008
February 26th, 2009 - 9:06 pm ICT by IANS
New York, Feb 26 (DPA) US automotive giant General Motors reported Thursday that it lost $30.9 billion in 2008, its fourth straight year of losses.
The final tally came after fourth-quarter losses of ... Read more...
Posted in World |
Citi board keeps faith in Vikram Pandit
January 13th, 2009 - 12:52 pm ICT by IANS
Washington, Jan 13 (IANS) Citigroup's board isn't losing faith in its Indian-American Chief Executive Vikram Pandit even as it is expected to report fourth quarter losses that are billions of dollars greater ... Read more...
Posted in Business |
US stocks fall as Morgan Stanley reports sharp losses
December 18th, 2008 - 9:15 am ICT by IANS
New York, Dec 18 (DPA) US stocks fell as investors grappled with investment bank Morgan Stanley's sharp fourth-quarter losses, and over concerns that the Federal Reserve had few tools left to combat ... Read more...
Posted in World |
Morgan Stanley reports sharp quarterly, annual losses
December 18th, 2008 - 5:27 am ICT by IANS
New York, Dec 18 (DPA) Investment bank Morgan Stanley Wednesday reported sharp fourth-quarter losses and reductions in year-on-year income for the business year that ended Nov 30, continuing the fallout from the ... Read more...
Posted in World |
Citigroup to cut more than 50,000 jobs
November 18th, 2008 - 12:24 pm ICT by IANS
New York, Nov 18 (DPA) US banking giant Citigroup has said it will eliminate 53,000 jobs from its international workforce and cut costs by 20 percent after suffering massive losses as a ... Read more...
Posted in World |
US stocks fall over concerns of deepening recession
November 18th, 2008 - 8:28 am ICT by IANS
Washington, Nov 18 (DPA) US stocks dropped Monday after US banking giant Citigroup announced a massive job cut, extending a steady decline over the last two weeks amid concerns of a deepening ... Read more...
Posted in Business |
Sports world calm amid financial market turmoil
October 22nd, 2008 - 9:16 am ICT by IANS
Hamburg, Oct 22 (DPA) With banks battling for survival, markets reporting takeover scrambles and company directors facing penalties for bad performance, it seems trade floors and commerce chambers are beating sports pitches ... Read more...
Posted in Uncategorized |
Citigroup posts $2.5 bn quarterly loss on new write-downs (Lead)
July 18th, 2008 - 10:47 pm ICT by IANS
New York, July 18 (IANS) Citigroup announced here Friday a loss of $2.5 billion in the second quarter, its third consecutive quarterly loss but lower than the earlier figures. The loss was ... Read more...
Posted in Business |
Swiss bank UBS sinks deeper into the red
May 6th, 2008 - 4:57 pm ICT by admin
DPA
Zurich, May 6 (DPA) Switzerland's biggest bank UBS sank further into the red Tuesday when it reported first quarter losses for 2008 of 11.53 billion francs ($10.96 billion). The losses compared to ... Read more...
Posted in World |
GM losses $3.3 billion
May 1st, 2008 - 12:53 pm ICT by admin
DPA
Detroit, May 1 (DPA) The world's largest automaker General Motors (GM), fighting to keep the title after dropping behind Toyota in the first quarter, has reported first quarter losses of $3.3 billion. ... Read more...
Posted in World |
US stocks up after Citigroup announces layoffs
April 19th, 2008 - 7:12 am ICT by admin
DPA
New York, April 19 (DPA) Wall Street rallied Friday after Citigroup reported losses that were not severe as anticipated and announced plans to slash more than 9,000 jobs to help the bank ... Read more...
Posted in World |
Citigroup plans 9,000 job cuts after Q1 losses
April 18th, 2008 - 10:47 pm ICT by admin
(Lead)
DPA
New York, April 18 (DPA) US banking giant Citigroup Friday announced plans to cut 9,000 jobs in the wake of a first-quarter net loss of $5.11 billion. Company's chief financial officer Gary ... Read more...
Posted in Business |
Financial stocks lead US markets lower
April 15th, 2008 - 7:50 am ICT by admin
DPA
New York, April 15 (DPA) Stocks were pushed down by financial shares on Wall Street Monday after Wachovia Corp reported unexpected losses and said it was seeking a $7-billion cash infusion from ... Read more...
Posted in Business |
Fourth largest US bank posts losses, seeks $7-bn infusion
April 15th, 2008 - 12:57 am ICT by admin
DPA
New York, April 14 (DPA) Wachovia Corp, the fourth largest US bank, Monday reported unexpected losses due to bad California home loans and said it was seeking a $7-billion infusion from stock ... Read more...
Posted in Business |
US stocks rise on banking rally
April 2nd, 2008 - 5:50 am ICT by admin
DPA
New York, April 2 (DPA) Winners outnumbered losers Tuesday on Wall Street amid a broad-based rally led by the battered banking and financial services sectors. The rally came as two financial services ... Read more...
Posted in World |