Regulation

Vijay Mallya's Kingfisher Airlines Set to Lose Flying Licence on 31 December

Mallya is all set to be slapped with a wilful defaulter tag by UBI, after the Calcutta High Court rejected the bank's action on technical grounds; also Kingfisher Airlines would see its Air Operator Permit expiring on 31 December. ₹

Dec 29, 2014

RBI Governor Raghuram Rajan Questions Govt's Farm Debt Waiver Schemes

Rajan said that studies show such measures to be ineffective, adding that debt waivers effectively dry up formal credit facilities post waiver to the farmers.

Dec 27, 2014

US-Russia Trade Improves Despite Sanctions

Trade between the United States and Russia spiked by 7 percent despite the economic sanctions levied by the U.S. on the country, President Vladimir Putin said.

Dec 27, 2014

No Flip-Flops on Interest Rate, says Rajan; Will Wait for Inflation to Stabilise

Raghuram Rajan reiterated his stand on the interest rate cut, economic growth, inflation and Uber.

Dec 27, 2014

SpiceJet Eases 6-months Notice Period, Will let Pilots Disembark on 31 December

Even as it awaits recapitalisation, SpiceJet has informed 50 of its pilots who have resigned, about their last working day as 31 December 2014.

Dec 27, 2014

SpiceJet's Recapitalisation could See ₹1,500 Crore Infusion; New Investors Seek ECB Route

The Ajay Singh led recapitalisation move for the beleagured airline could see a sum of ₹1,500 crore invested in the airline, with ₹500-₹600 crore through ECB mechanism

Dec 27, 2014

President Approves Ordinances on Coal, Insurance

President Pranab Mukherjee signs two key ordinances, clearing the way for the auction of coal blocks that were ordered cancelled by the Supreme Court

Dec 26, 2014

Govt to Issue ₹1 Currency Note After Gap of Two Decades

The 1 Rupee note to start being printed from 2015, move aims to mitigate coin shortage ₹

Dec 26, 2014

arun-jaitley-stresses-on-need-for-meaningful-employment-at-second-edition-of-services-conclave

Jaitley to Meet State FMs and Stakeholders to Discuss FY 2015/16 Budget

Jaitley will meet the state finance ministers and representatives of other stakeholders to help formulate the forthcoming budget in order to address economic fundamentals

Dec 26, 2014

LG Electronics Headquarters Raided on Sabotage Suspicions

Investigators raided the headquarters of LG Electronics on Friday on suspicions that the company could have damaged washing machines of rival company Samsung Electronics at their German retail stores.

Dec 26, 2014

India Hikes Import Duty on Crude, Refined Oil by 5%

The Finance Ministry has increased import duties by 5% on crude and edible oil, in a bid to protect local producers

Dec 26, 2014

India Becomes World's Largest Direct Benefit Transferer on LPG Subsidy Scheme

The world's second most populous nation successfully rolls out its Direct Benefit Transfer for LPG in 54 districts, with others to be covered in 2015

Dec 26, 2014

Ajay Singh-led Consortium to Submit SpiceJet Revival Plan to Government

The cash strapped airline would see a round of funding, if the revival plan to be submitted by its former promoter receives the green light

Dec 26, 2014

Wal-Mart Offering Steep Discounts On PS4, Xbox One: Get Best Deal On Bundles

Walmart to Raise Salaries as New Minimum Wage Hike Law Hits 21 US States

Walmart Stores Inc, the American retail chain, will have to adjust base salaries of employees working at more than 1,400 stores across 21 states in America as a new minimum wage hike law is set to go into effect in January 2015.

Dec 25, 2014

Putin Calls for Vodka Price Cap Amid Economic Crisis

Russian President Vladimir Putin called for a cap on vodka prices on Wednesday in a drastic attempt to preserve his popularity as the Russian economy falters.

Dec 25, 2014