business

MRTPC orders probe into air fare hike

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The Monopolies and Restrictive Trade Practices Commission (MRTPC) has ordered a probe into the sudden increase in air fare by all airlines on February 9 in a well organized manner. In the wake of a possible cartelization anticipated by the civil aviation ministry, the decision to initiate scrutiny by the MRTPC comes in. The Directorate … Read more MRTPC orders probe into air fare hike

FIIs net sellers of Rs 185 cr in cash on Thursday

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Foreign institutional investors (FIIs) were net sellers of Rs 185.32 crore (provisional) in the cash segment on Thursday, according to information posted on the BSE website. While FIIs made gross purchases of Rs 891.64 crore, their gross sales stood at Rs 1,076.96 crore. Domestic institutional investors (DIIs) were net buyers of Rs 84.37 crore (provisional) … Read more FIIs net sellers of Rs 185 cr in cash on Thursday

RCom cuts STD Tariffs – Hints at Full Blown War

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Reliance Communications, India’s largest and only unified telecom service provider, has floated an STD pack that will give customers call facility of 50 minutes across all networks for 30 days on e-recharge of Rs 35. The new offer would be available till February 28, 2009 for GSM users of Uttar Pradesh and Uttarkhand. Reliance known … Read more RCom cuts STD Tariffs – Hints at Full Blown War

Uco Bank introduces compromise scheme in Orissa

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State-run banking entity, Uco Bank, has launched a compromise scheme to enable defaulting borrowers to settle their debts with an outstanding amount of less than Rs 25,000 in Orissa. Under the scheme, loans which are under the category of non-performing assets (NPAs), can be settled by paying 10 to 50% of the outstanding amount. The … Read more Uco Bank introduces compromise scheme in Orissa