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Thursday, June 29, 2017

Ronen Sen, Farida Khambata Appointed as New Directors of Tata Sons

Ronen Sen as an independent director on its Board along with Farida Khambata, former member of IFC's Management Group. Tata Sons, the promoter of major operating firms of over USD 100 billion diversified Tata Group, on Wednesday announced appointments of former Ambassador of India to the US, Both Ronen Sen and Farida Khambata will be Non-Executive Independent Directors of Tata...

Petrol, diesel price to go down

New Delhi, April 1: With a sudden fall in international oil prices, petrol price on Wednesday was cut by 49 paise per litre and diesel by Rs.1.21 a litre. Prior to the increases in February, petrol price had been cut on ten occasions since August 2014 and diesel six times since October 2014. With the new changes, petrol prices in Delhi...

Gas Price cut by 8%

New Delhi: Oil Ministry's pricing cell, PPAC said domestically produced natural gas will cost $4.66 per million British thermal unit from April 1 to September 30 on gross clarofic value basis as opposed to $5.05 per mmBtu currently. Natural gas prices was cut by about 8 per cent to $4.66 a unit to reflect the softening in international prices, a...

Indian airline Vistara to go international

Indian airline Vistara plans to expand its fleet size and start flying to overseas destinations within two years, its CEO Phee Teik Yeoh said on Tuesday, ahead of an expected change in rules that could allow new carriers to operate abroad. Vistara, a joint venture of Singapore Airlines and Indian conglomerate Tata Group, is looking to procure an undecided number...

Vistara’s new policy to add international routes: CEO

Vistara plans to swell its fleet size and start flying to overseas destinations within two years, its CEO Phee Teik Yeoh said on Tuesday, ahead of an expected change in rules that could allow new carriers to operate abroad. The airline is a joint venture of Singapore Airlines Indian conglomerate Tata Group, made its debut in January, pitching itself as...

Airline Vistara plans to add overseas route in Two Years

India News
Ahead of an expected change in rules that could allow new carriers to operate abroad, the CEO of Airline Vistara Phee Teik Yeoh on Tuesday,  has said that the airline will go overseas and will expand the fleet size. The airline, a joint venture of Singapore Airlines and Indian conglomerate Tata Group, made its debut in January, pitching itself as...

Airline Vistara to expand fleet size to fly Overseas

Business News
Airline Vistara is planning to expand its fleet size and start flying to overseas within two years. The CEO of the Airline has said this ahead f an expected change in rules that could allow new carriers to operate abroad. The airline, a joint venture of Singapore Airlines and Indian conglomerate Tata Group, made its debut in January, pitching itself as a...

BHEL to set a 4×270 MW power plant in Telangana

Bharat Heavy Electricals (BHEL) has received an EPC contract from Telangana State Power Generation Corporation (TSGENCO) for establishing a 4×270 MW thermal power plant in Telangana. Earlier, in December, 2014, TSGENCO had placed an order for BHEL to set up Telangana’s first Supercritical Thermal Power Plant of 800 MW rating, also on EPC basis, at Kothagudem. Valued at over Rs.50,000...

Ind Foreign Exchange Reserves Surge US $4.26 billion

According to analysts, the country's reserves are being build-up by the RBI to absorb any future global financial shocks like the one witnessed in June 2013. The country's foreign exchange reserves increased by US $4.26 billion to US $339.99 billion for the week ended March 20, data released by the Reserve Bank of India (RBI) showed. "The RBI is building up...

Sensex extends losses, down 34 pts in early trade

Mumbai, Mar 24: The benchmark BSE Sensex extended losses for the fifth straight day by losing over 34 points in early trade today on sustained selling by funds amid a weak trend in other Asian markets. The 30-share index, which has lost 544 points in the previous four sessions, fell further by 34.19 points, or 0.12 per cent, to 28,157.83. Similarly,...

Don’t outsource loan processing tasks: RBI to bankers

Concerned over the rising number of loan default cases, the Reserve Bank today warned lenders against outsourcing their credit processing activities to third-party entities. "We encourage the banks that whatever is the non-core activity it should be outsourced. Let me tell you credit processing is not a non-core activity. I would say it is most core activity of a banker,"...

Upswing In Gold Price

New Delhi, Mar 21: Gold prices rebounded by Rs 185 to Rs 26,500 per ten grams at the bullion market here today on revival of buying by jewellers and retailers triggered by beginning of auspicious 'Navratras' festival and a firming global trend. Silver maintained an upward trend for the third straight day and surged by Rs 1,450 to Rs 38,000 per...

Sensex falls 136 points in early trade

The benchmark BSE Sensex fell over 136 points in early trade today on sustained selling by investors amid mixed cues from other Asian markets. The 30-share index was trading down by 136.92 points, or 0.48 per cent, at 28,332.75 as stocks of infrastructure, power, auto and FMCG sectors, witnessed heavy profit-booking. On similar lines, the National Stock Exchange index Nifty slipped...

Sweden’s Central Bank cuts key Interest rate to make monetary policy more expansionary

Sweden's Central Bank cuts key Interest rate to make monetary policy more expansionary
Making the monetary policy even more expansionary, the central bank of Sweden cut the key  interest rate to a record low of minus 0.25 percent. The Riksbank on Wednesday lowered the repo rate by 0.15 percentage points, saying there are signs inflation “is beginning to rise, but the recent appreciation of the krona risks breaking this trend.” A higher currency can...