Companies

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

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

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

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

Petrol Price Likely to be Hiked by Rs 5; Oil Companies Shares Down

Petrol price in the country is likely to be hiked soon with the state-owned oil companies pressing to raise oil price by Rs.5 per litre.

Mar 7, 2012

Moody's Includes Aussie Banks in List of Asian Lenders Most Vulnerable to EU Debt Crisis

Rating agency Moody's named on Tuesday banks in Australia and three other Asia Pacific nations as the most vulnerable in the region to Europe's debt crisis. The three others are lenders in New Zealand, Korea and Vietnam.

Feb 7, 2012

Jagriti Yatra: Motivates Yatris to become Agents of Change

In a bid to encourage entrepreneurship and help the world discover India and its people, Internet search engine Google conducted a 15 day "Jagriti Yatra" that covered 8,500km. The journey finished on Jan. 8.

Jan 28, 2012

TAPI Gas Pipeline Project: India and Pakistan Agree Transit Fee Formula

At a bilateral discussion between the Indian Minister of Petroleum and Natural Gas, S. Jaipal Reddy, and Pakistan's Federal Minister for Petroleum and Natural Resources, Asim Hussain, in New Delhi on Wednesday, both nations have reportedly "agreed to settle the Transit Fee issue at the earliest".

Jan 26, 2012