Companies

Govt Okays Air India Restructuring Plan

The government on Thursday announced a Financial Restructuring plan for the debt-laden national carrier Air India.

Apr 12, 2012

Vijay Mallya Successfully Persuades Kingfisher Staff To Withdraw Ultimatum

Kingfisher Airlines staff on Tuesday withdrew their ultimatum to the management for the payment of outstanding salaries after a meeting with chairman Vijay Mallya.

Apr 3, 2012

Kingfisher Airlines Staff Set Deadline for Vijay Mallya; Threatens to Protest

The Kingfisher Airlines staff had set deadline for Chairman Vijay Mallya to clear all their outstanding salaries. They threatened that they would stop working and take to the streets if the airlines fail to meet their deadline, that is till 8 PM on Tuesday.

Apr 3, 2012

RBA Likely to Keep Overnight Cash Rate

Economists and analysts are of the opinion that the Reserve Bank of Australia (RBA) would keep the 4.25 per cent overnight cash rate when its board meets Tuesday, April 3.

Apr 3, 2012

Kingfisher Airlines to Clear Salaries of Its Employees; Staff Targets IPL Team RCB

Chairman of Kingfisher Airlines and liquor baron Vijay Mallya had written to his visibly annoyed staff about their undue salaries. He had assured that the cash-strapped airlines will resume paying overdue payments starting this week.

Apr 2, 2012

Teachers Credit Union Now A Bank; Lenders Jack Up Fixed Mortgage Rate

Due to the rising dissatisfaction level among Australians with large banks, more people are bringing their business to credit unions. As a result of this change, a number of Aussie credit unions are becoming banks.

Apr 2, 2012

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

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TRAI Issues Guidelines to Stop Misleading Tariff Advertisements

Do you think your telecom service provider has been playing an unfair game with you? Have you fallen prey to his exiting advertisements and opted to a plan that you never want to? However, henceforth, this might not happen with you again.

Mar 27, 2012

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Kingfisher Airlines Likely to Lay-off its Employees: Sources

Kingfisher Airlines has been receiving brickbats from all the directions over its massive cut down in its flight operations, undue payments of salaries and outstanding tax amounts, owing to the debt crisis airlines is now mulling to resize its staff department and closing down of office across India in order to cost cut the expenses, said sources.

Mar 27, 2012

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Manmohan Singh Meets Top CEOs of Korea in Seoul

Prime Minister Manmohan Singh Monday met the top CEOs of Korea and sought larger monetary investments in India.

Mar 26, 2012

Kingfisher Airlines Agrees To Clear Rs 10 Crore Of Service Tax Dues

Central Board of Excise and Customs (CBEC) chief S K Goel on Sunday said that the ailing Kingfisher airlines had agreed to clear Rs.10 crore of its whopping Rs.76 crore service tax due, in service tax arrears which it has already collected from passengers, by end of this fiscal year.

Mar 25, 2012