Business

The pilots are now only asking for reinstatement of their 101 colleagues who were sacked during the strike.

Reports suggested that Kingfisher Airline was raising funds from within the UB Group for the salary payments.

Reports on Thursday claimed that banks led by the SBI had decided to sell non-core assets of Kingfisher, including Vijay Mallya's Goa villa.

The ECB cut rate sending the euro sharply lower, and setting up the prospect of further weakness for the rupee.

The new tax is expected to increase the Centre's collection up from Rs 97,000 cr last fiscal to Rs 1.24 lakh crore in 2012-13.

The amended Companies Bill proposes to enhance the accountability of companies.

While the monetary limit has not been specified, the new draft says GAAR provisions will be applicable after a prescribed limit.

At 9.02 am, the rupee was at 56.94/98 to a dollar, as against Wednesday's close of 57.15/16.

Even globally investors looked cautious ahead of a critical European Union summit later this week.

The cuts have been announced by companies from various sectors, during the first six months of 2012.

Chinese companies looking for partners in the State and this provides huge opportunities to local businesses and workforce.

The RBI Governor said the current economic situation is different from what it was two decades ago as rupee is market-determined.

Sahara Group is set to buy New York's landmark Plaza Hotel for $570 million, a report said on Tuesday.

Standard Chartered lowered its 2012-13 GDP growth outlook for India significantly to 6.2 per cent from 7.1 per cent.

BPCL CMD RK Singh said that the prices could be cut by 1.5 to 2 rupees a litre if there is a drop in international crude prices.

The rupee's fall to all-time lows has set up expectations about potential intervention from the Reserve Bank of India.