Business

Kingfisher Airlines allegedly booked the passenger on a non-operational flight.

Overseas investors have increased their stake marginally in the cash-strapped carrier during the March quarter.

A PIL seeks criminal investigation and scrapping of the Cairn-Vedanta deal that allegedly caused huge loss to ONGC.

India in February gave the green light to direct imports of aviation turbine fuel, a long-standing demand from carriers.

Civil Aviation Minister Ajit Singh announced a major turnaround and financial restructuring plan for Air India on Thursday.

Growing competition, uncertain global economy and US rhetoric against outsourcing are the major challenges.

Access to fast-growing markets like India is a priority for many US companies faced with slow growth at home.

The government has proposed to bring down fiscal deficit to 5.1 per of GDP in the current financial year.

Pranab Mukherjee said that the Centre is considering the demand to withdraw one pc excise duty on non-branded jewellery.

Gains in first quarter of 2012 helped the market trim losses while ending financial year 2011-12.

Unitech holds 32.75 per cent stake in Uninor, which is operated by its estranged Norwegian partner Telenor.

The amount comprises 65 per cent of the government's gross borrowing target of 5.7 trillion rupees for 2012/13.

SBI said that the fixed deposits with maturity period of 7-90 days will earn 8 pc interest against existing 7 pc.

The NSE's 50-share Nifty on Tuesday rallied 58.90 points or 1.14 per cent to 5,243.15, helped by the rising rupee.

Finance Minister Pranab Mukherjee said that the government has no vindictive intention in retrospectively amending tax laws.

Uninor is a joint venture between Norwegian Telenor and realty major Unitech.