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Indian firms must co-operate to empower India: Ratan Tata

Indian firms must co-operate to empower India: Ratan Tata

Rediff.com13 Aug 2014

Chairman Emeritus of the $100-billion Tata Sons, Ratan Tata, on Tuesday called for better co-operation and collaboration among sectors. He urged the government and industries to collaborate in a more proactive manner.

Jet to scrap low-cost service by year-end

Jet to scrap low-cost service by year-end

Rediff.com12 Aug 2014

Konnect to be phased out as airline struggles to contain losses.

Market watchdog clears decks for REIT launch

Market watchdog clears decks for REIT launch

Rediff.com11 Aug 2014

Key relaxations traced in final regulations.

RBI best judge on policy rate, says Jaitley

RBI best judge on policy rate, says Jaitley

Rediff.com11 Aug 2014

FM says government policies aim to contain inflation, spur growth.

Tata group to gain from change in Navi Mumbai airport rules

Tata group to gain from change in Navi Mumbai airport rules

Rediff.com11 Aug 2014

Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.

Reliance Power gets CERC rap, may lose tariff benefit

Reliance Power gets CERC rap, may lose tariff benefit

Rediff.com10 Aug 2014

The Central Electricity Regulatory Commission (CERC) has said the first 660-Mw unit of Reliance Power's 3,960-Mw Sasan ultra mega power project (UMPP) could not achieve its "full load" in March 2013 and rejected the company's plea to appoint an independent technical committee to look into the readiness of that unit.

SpiceJet in trouble with huge losses

SpiceJet in trouble with huge losses

Rediff.com9 Aug 2014

The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.

India Inc's encouraging report card in the June quarter

India Inc's encouraging report card in the June quarter

Rediff.com9 Aug 2014

India Inc has an impressive report card to show for the first quarter of this financial year.

Snapdeal, Amazon to partner Karnataka for SME marketplace

Snapdeal, Amazon to partner Karnataka for SME marketplace

Rediff.com9 Aug 2014

The Karnataka government is partnering with two leading e-retailing companies, Snapdeal and Amazon, to create a platform where the small and medium enterprises (SMEs) of the state can sell their products.

Lenders want to oversee Bhushan Steel operations

Lenders want to oversee Bhushan Steel operations

Rediff.com9 Aug 2014

Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.

Abrupt check-out: Bickson quits as Indian Hotels MD

Abrupt check-out: Bickson quits as Indian Hotels MD

Rediff.com8 Aug 2014

The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.

No undue advantage given to Reliance Jio: DoT

No undue advantage given to Reliance Jio: DoT

Rediff.com6 Aug 2014

DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.

Reliance Jio to raise $1.5-bn debt abroad

Reliance Jio to raise $1.5-bn debt abroad

Rediff.com6 Aug 2014

Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.

Syndicate Bank case doesn't reflect entire PSB system: Rajan

Syndicate Bank case doesn't reflect entire PSB system: Rajan

Rediff.com6 Aug 2014

Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday cautioned against extrapolating the issue of alleged graft charges in a public-sector bank to the entire public sector banking system.

CBI officers face probe for letting off Bhushan Steel MD

CBI officers face probe for letting off Bhushan Steel MD

Rediff.com6 Aug 2014

The officers did not arrest Neeraj Singhal despite CBI Director Ranjit Sinha's orders.

RBI's mantra: Save now to spend later

RBI's mantra: Save now to spend later

Rediff.com6 Aug 2014

Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.

Arvind Gupta named deputy NSA, days after Sandhu quit

Arvind Gupta named deputy NSA, days after Sandhu quit

Rediff.com5 Aug 2014

The Narendra Modi government on Monday appointed Arvind Gupta, a former Indian Foreign Service officer, of the 1979 batch, as Deputy National Security Advisor. This appointment comes within days of Nehchal Sandhu quitting as deputy NSA, citing personal reasons.

Vijay Mallya gets bail from court for not remitting TDS of Rs 266 cr

Vijay Mallya gets bail from court for not remitting TDS of Rs 266 cr

Rediff.com1 Aug 2014

The tax authorities have been piling pressure for a long time against Mallya and on Kingfisher Airlines to cough up the dues.

Ranbaxy provisions for settlement with US

Ranbaxy provisions for settlement with US

Rediff.com30 Jul 2014

The Gurgaon-headquartered drug maker, set to be acquired by another leading domestic company, Sun Pharmaceutical Industries, reported a consolidated net loss of Rs 186 crore for the quarter ended June.

SpiceJet owes over Rs 200 crore to airports, govt

SpiceJet owes over Rs 200 crore to airports, govt

Rediff.com30 Jul 2014

Airline says can't discuss dues publicly, denies grounding of planes

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