Aviation turbine fuel (ATF) prices were cut by about 4 per cent to bring them around April 2005 levels.
A US-based law firm,in its recent report,has pointed out that demand for global outsourcing will take a backseat.
In a decisive meeting,the planning commission chairman,Montek Singh Ahluwalia will hold discussion with transport secretaries of all states on Saturday morning to look for a solution to serious fund shortage.
The Government is likely to do some serious talking with the states in a meeting currently underway in Delhi and emphasise on the implementation of the stimulus packages to neutralise the effects of the global downturn on the Indian economy.
Heavy equipment maker Caterpillar Inc announced 2,110 new job cuts today as it scales back production to match lower demand in a slowing global economy.
Maytas Infra,promoted by the family of disgraced Satyam founder B Ramalinga Raju,said its board has appointed B Narasimha Rao as an additional director.
Heavy buying by domestic funds lifted the Sensex by 8.64 per cent during the shortened week under review.
Tata Motors Ltd,India's top vehicle maker,missed forecasts with a 2.63 billion rupee ($54 million) loss.
Tata Motors Ltd,India's top vehicle maker,missed forecasts with a 2.63 billion rupee ($54 million) loss for the Dec quarter.
Thirty eight percent of recruiters anticipated new jobs to be added in 2009 while 9.5 percent predicted layoffs.
Indian Oil Corporation reported a 41.5 pct rise in net profit to Rs 2,958.59 crore in third quarter.
Japan's Nikkei average fell 3.9 per cent on Friday as Toshiba Corp plunged on NEC merger news.
The financial situation has eased and liquidity is accessible in domestic market,Nath said.
The yearly bonuses of employees' of the Wall Street were down by 44% in 2008.
India's gold imports plunged more than 90 per cent to just 1.2 tonnes in January 2009.
Hindustan Petroleum Corp has said that its net loss has widened to Rs 422.03 crore in the third quarter.
Toyota said it would recall more than 1.35 mn Vitz and two other models globally to fix a defect in the seatbelt.
JLR has hailed the British govt's 2.3-bn-pound 'support package' announced last evening.
Oil prices rose in Asian trade on Wednesday ahead of the US Dept of Energy's stockpiles report.
The median forecast was for a 5.41 pct rise in wholesale price index in 12 months to Jan 17.
The Reserve Bank of India has told banks it will ensure comfortable liquidity in the banking system,Governor Duvvuri Subbarao said.
I-T Dept is independently probing the fraud in Satyam with focus on TDS and benami deals.
UTV Software Communications posted a 29 per cent rise in quarterly net profit,led by gains in television content and gaming.
In a bid to improve its relationship with its associates,Satyam is circulating a video message asking for support from associates.
Satyam promoted Maytas has emerged as the lowest bidder for the Bhutan hydropower project.