Browsing Category
Business
Air India Announces to Cut Costs by Rs.1,400 crore
In order to maintain a healthy balance sheet, state-owned passenger carrier Air India plans to cut its total expenses by Rs.1,400 crore in the coming financial year. In a circular issued to all employees Sunday, the flag carrier plans to…
Harvard University Students visit JSPL, Angul
A team of Students from Harvard University on January 18, 2015 visited Jindal Steel & Power Ltd (JSPL)’s Coal Gas Based Steel making facilities at Angul. These Students, visiting India as a part of Asia Leadership Trek visited the Coal…
BSE Sensex Gains 140 Points; Nifty Ends at 8,550 Points
A benchmark index of Indian equities markets closed Monday's trade with healthy gains of 140 points or 0.50 percent. Healthy buying was observed in consumer goods, banking, automobile, capital goods, and healthcare sectors, while selling…
No Privatization of Railway, Coal India: Jaitley to Unions
Finance Minister Arun Jaitley Saturday assured trade unions that the government did not intend privatizing either the railways or Coal India. "Government has no intention to privatize either railways or Coal India. The focus of the…
India’s Foreign Exchange Reserves up $236 Million
India's foreign exchange reserves gained by $236.4 million to $319.47 billion for the week ended Jan 9, Reserve Bank of India (RBI) data showed. In the previous week (Jan 2) the reserves had decreased by $471 million to $319.23 billion.…
Modi Pitches for Making India a $20 Trillion Economy
Prime Minister Narendra Modi Friday called for making India a $20 trillion economy, while stressing laws must evolve with time and his government had taken several initiatives towards "transforming India". Addressing the Economic Times…
Wipro Appoints Jatin Dalal as New Chief Financial Officer
Global software major Wipro Ltd Friday appointed Jatin Dalal as its new chief financial officer (CFO) in place of Suresh Senapaty, who retires March 31. "Senior vice president (finance) Jatin Dalal will take over the role of CFO from April…
Chhattisgarh Cabinet Approves New Industrial Policy 2014-19
The Chhattisgarh cabinet Friday endorsed new industrial policy for 2014-19 at a meeting chaired by Chief Minister Raman Singh. Briefing media persons about the cabinet decisions, Singh said that the policy includes the provision of subsidy…
Petrol Price cut Rs.2.42 per Litre, Diesel by Rs.2.25
With international crude oil prices going below $45 a barrel, India's state-run oil marketing companies Friday cut petrol price by Rs.2.42 a litre and that of diesel by Rs.2.25 per litre. At the same time, the government Friday raised the…
Reforms Boost Swedish Companies’ Confidence in India
Recent reforms and economic initiatives undertaken by the government have increased the confidence of Swedish companies in doing business in India, an industry survey showed Friday. "This shift in perception can be largely attributed to the…