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Finance

Aer Lingus

Aer Lingus Rejects Takeover Bid from British Airways' Owner IAG, Citing Undervaluation

Aer Lingus, the Irish airline, rejected a takeover bid from IAG, the parent company of British Airways on Thursday asserting that the deal undervalues its worth. Dec 19, 2014
Russian Ruble

Russian Ruble Falls to 16-year Low despite Interest Rate Hike; Putin's Power at Stake?

The Russian ruble fell to a new 16-year low on Wednesday despite the government's frantic efforts to prevent a slide reflecting a possible weakness in Putin's power grip over the region. Dec 17, 2014
Standard Chartered

Standard Chartered Sheds Consumer Business Units in Hong Kong and Shenzhen

Standard Chartered, the British multinational banking giant, sold its consumer finance units in Hong Kong and Shenzhen to a consortium of investors for a deal worth $600 to $700 million as a part of their new restructuring deal. Dec 16, 2014
Indian Rupee

Rupee Falls to 13-months Low, CAD Widens on Gold Import

The Indian Rupee lost about 1% against the dollar, reflecting the global trend. Dec 16, 2014
Gold bars

November Gold Imports Up Six-fold in November, Trade Deficit at 18-month High

Trade Secretary Rajeev Kher terms increase in gold imports 'phenomenal' Dec 16, 2014
Fuel price cut

Petrol and Diesel Prices Cut By Rs 2; Currency Weakness Erodes Possible Savings

Petrol and diesel prices have been cut by Rs.2, including state taxes for the second time in a fortnight, reflecting crashing crude prices globally Dec 16, 2014
EE Network

BT Group in Talks to Buy EE Limited for $19.6 Billion

BT Group Plc, the British multinational telecommunications giant, is reportedly in talks of buying UK-based mobile network operator EE Limited for a deal worth $19.6 billion. Dec 16, 2014
spicejet-credit-reuters

SpiceJet Gets Temporary Reprieve on Payment Owed to AAI; Shares Slide 14%

SpiceJet faces existential dilemma. Has to raise funds in the next 10 days. Dec 16, 2014
Singapore Airlines

Vistara to Take to The Skies In Early 2015, Receives Flying Permit

The Tata Sons and Singapore Airlines jv has received flying permit, allowing it to start operations and take to the skies soon. Dec 16, 2014
Can RCom's new plans beat Jio?

Anil Ambani's Reliance MediaWorks sells Big Cinemas to Carnival Group

Reliance Group, led by Anil Ambani sold its Big Cinemas chain of movie screen to Carnival Group, a South-based operator Dec 15, 2014
Rural India

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption. Dec 15, 2014
onion

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

For October and November, the Wholesale Price Index (WPI)-based inflation was recorded at 1.77% and 7.52% respectively. Dec 15, 2014
Indian Parliament

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends. Dec 15, 2014
SpiceJet

SpiceJet Warns Employees of Disruption to Service, if DGCA Meeting Fails

Cash-strapped SpiceJet could terminate operations if its COO's meeting with the airline regulator does not go in its favour Dec 15, 2014
SpiceJet Airlines

SpiceJet Refused Refuel at Madurai Airport, Madurai-Hyderabad Flight Delayed by 4 Hours

Budget airline SpiceJet faced fresh trouble last Saturday when a private petroleum company refused refueling facility over payment issues at Madurai airport, leading to its Madurai-Hyderabad flight delayed by four hours. Dec 15, 2014
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