Kingfisher employees drop agitation plan
New Delhi: Kingfisher Airlines got a temporary reprieve as its employees decided to withdraw their proposed agitation ceding to the carriers promoter Vijay Mallyas assurance on clearing their dues in a weeks time beginning Tuesday.
RBI tightens bank norms to monitor gold import
Mumbai: The Reserve Bank on Tuesday tightened the reporting requirements under which banks will have to submit a monthly statement informing the central bank about the quantity of gold imported and mode of payment adopted.
Sebi decision on stock exchange listing right: Jalan
New Delhi: Bimal Jalan,who headed the panel on stock exchange reforms,today said SEBI has taken the right decision to remove conflict of regulatory and commercial interests in the context of listing of bourses.
SAIL pays R425.36 crore interim dividend to govt
New Delhi: State-run Steel Authority of India (SAIL) on Tuesday paid Rs 425.36 crore as interim dividend to the government for its holding in the steel maker. The total interim dividend paid by SAIL comes to Rs 495.65 crore for the year 2011-12, the company said in a release.
Bank credit grew 23% in July-Sept: RBI
Mumbai: Credit by banks grew by 23.5 per cent in the quarter to September 2011,up from 19.3 per cent over the same period a year ago,indicating greater economic activity in the country despite higher interest rate regime,RBI data showed on Tuesday.
Subbarao meets FM to discuss economic situation
New Delhi: Two weeks before he is set to announce the Monetary Policy for 2012-13,RBI Governor D Subbarao on Tuesday met finance minister Pranab Mukherjee to discuss the economic situation. Next week I will brief the FM about the macro-economic policy before the monetary review on April 17, Subbarao said.
Renault launches new diesel Fluence
New Delhi: Renault India on Tuesday launched a new diesel variant of its premium sedan Fluence in the country,priced at Rs 15.2 lakh (ex-showroom,Delhi).
Federal Bank hikes interest rate on term deposits
Mumbai: Federal Bank has hiked the rate of interest on both resident as well as NRE term deposits for a period of 1 year to 10 per cent effective from April 3,a statement said.
Now access Facebook in eight Indian languages
New Delhi: The social networking website has announced a facility for its users to access the site in eight Indian languages from mobile phones. This will be rolled out in phases over the next few weeks.