India Slashes Growth Forecast, Ambivalent On Deficit

India Slashes Growth Forecast, Ambivalent On Deficit

New Delhi, India sharply cut its growth forecast by as much as one percentage point to 7-7.5 percent for this fiscal, cautioning that challenges remain despite progress, while also sounding circumspect on meeting the fiscal deficit target of 3.9 percent of GDP. This had a telling effect on Indian stocks, pulling key indices down by […]

SHIMLA BEAUTIFICATION UNDERWAY, SAYS CM

SHIMLA BEAUTIFICATION UNDERWAY, SAYS CM

Shimla, Shimla, the capital of Himachal Pradesh, is being beautified through a series of restoration projects at a total expenditure of Rs.144 crore, Chief Minister Virbhadra Singh said on Thursday. The projects include restoration and renovation of two British-era Catholic churches, he said after dedicating a 100-ft-high national flag at the historic Ridge here. Of […]

Jet Airways Chief Executive Resigns

Jet Airways Chief Executive Resigns

Mumbai, Jet Airways on Thursday announced the resignation of its chief executive Cramer Ball, effective from February 29, 2016. “Gaurang Shetty, whole-time director, will become the acting CEO of the company,” the airline said in a statement. Shetty has over 35 years of industry experience and has been with the airline for more than 19 […]

Anil Ambani, Spielberg Join Hands For Another Project

Anil Ambani, Spielberg Join Hands For Another Project

Mumbai, Anil Ambani-led Reliance Entertainment and Steven Spielberg’s DreamWorks on Thursday announced the formation of Amblin Partners — a new film, television and digital content creation company. Participant Media led by Jeff Skoll and Entertainment One (eOne), leading US based entertainment companies, are also part of the joint venture and will work closely in the […]

Sc Hikes Environment Charge On Commercial Vehicles In Delhi

Sc Hikes Environment Charge On Commercial Vehicles In Delhi

New Delhi, The Supreme Court on Wednesday increased by 100 percent the environment compensation charge (ECC) for the commercial vehicles entering Delhi and imposed a blanket ban on the registeration of diesel vehicles of engine capacity of 2,000 cc and above in the entire National Capital Region. The apex court bench headed by Chief Justice […]

Air India Begins Ahmedabad-London Flight Via Mumbai

Air India Begins Ahmedabad-London Flight Via Mumbai

New Delhi, National passenger carrier Air India on Tuesday commenced its maiden flight from Ahmedabad to London via Mumbai, making it the first domestic airline to offer direct connection between the two destinations. The airline said that the inaugural flight AI 131 operated with a Boeing 787 Dreamliner aircraft took off from Sardar Vallabhbhai Patel […]

Value Buying Propels Markets; Sensex Closes 170 Points Up

Value Buying Propels Markets; Sensex Closes 170 Points Up

Mumbai, Value-buying propelled a barometer index of the Indian equity markets into provisionally closing with gains of 170 points on Tuesday. Initially, both the bellwether indices of the Indian equity markets opened on a slightly positive note in sync with their Asian peers and a rebound in oil prices that supported energy stocks. Nevertheless, latest […]

India’s Retail Inflation Also Rises To Touch 5.41 Percent

India’s Retail Inflation Also Rises To Touch 5.41 Percent

New Delhi, India’s retail inflation also firmed up in November to 5.41 percent from 5.0 percent in the month before, as in the case with the wholesale prices, ue largely to food items like pulses, official data showed on Monday. Data on consumer price index (CPI) released by the Central Statistics Office here, showed that the […]