Business news

Indian Railway Budget 2012-13 at a Glance

Railway Minister Dinesh Trivedi presented a bold and ambitious Railway Budget 2012-13 in Parliament, giving importance to passengers' safety, security and amenities. Here is the Railway Budget at a glance.

Mar 15, 2012

Railway Budget Fiasco: Mamata Asks PM to Replace Trivedi with Mukul Roy as Railway Minister

Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee has asked Prime Minister Manmohan Singh to sack Dinesh Trivedi as the Railway Minister.

Mar 14, 2012

Vijay Amritraj Quits Kingfisher Airlines Board

Former tennis star Vijay Amritraj resigned from the board of Kingfisher Airlines Ltd, effective from March 14.

Mar 14, 2012

Railway Fare Price Hike Invites TMC's Anger, Trivedi to Resign?

The Trinamool Congress (TMC) came out strongly against the price hike of Indian railways fares by the Union Railways Minister Dinesh Trivedi Wednesday.

Mar 14, 2012

Indian Stocks End Higher, Banking Shares Surge

Indian stock markets ended higher for the fourth day Wednesday, led by gains from banking and Capital Goods sector stocks.

Mar 14, 2012

Railway Budget 2012: Colleagues Slam Dinesh Trivedi for Fare Hike

Railway Minister Dinesh Trivedi's maiden Railway Budget in Parliament on Wednesday has come under fire from his own party members alleging that they were not consulted by the Railway Minister.

Mar 14, 2012

Kingfisher to Curtail Overseas Operations, Vijay Mallya to Meet Pilots

Cash-strapped Kingfisher Airlines has reduced its flight schedule and has decided to curtail overseas operations.

Mar 14, 2012

RBI's Reference Rate for Dollar Today (Mar 14, 2012)

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 49.9030 rupees and the euro 65.0885 rupees.

Mar 14, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 49.8450 rupees and the euro 65.6151 rupees.

Mar 13, 2012

Metals, Realty Drive Indian Stocks Rally; Natco Gains 1.6 Percent

Indian stock markets advanced for the third day on Tuesday, led by gains from Metal and Realty sector stocks.

Mar 13, 2012

Service Tax Dept Freezes Jet Airways' Accounts

The Service Tax Department has come down heavily on the Jet Airways for non-payment of service tax dues amounting to about Rs 69 crore.

Mar 12, 2012

Kingfisher Airlines Pilots Stay Away from Work, Over 40 Flights Cancelled

Kingfisher Airlines hit an all time low Monday with over 40 of its flights being cancelled after the pilots stayed away from work over non-payment of their salaries.

Mar 12, 2012

RBI's Reference Rate for Dollar on March 10, 2012

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 49.9448 rupees and the euro 65.3999 rupees.

Mar 12, 2012

Jet Airways: Tax Dept Issues Notice on Unpaid Dues, Threatens to Freeze Bank Accounts

Jet Airways could get into trouble like the debt-ridden Kingfisher Airlines, as the service tax department has served a notice to the Airlines to pay the dues or face similar consequences like that of the Kingfisher.

Mar 11, 2012