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India’s second largest private air carrier – Kingfisher Airlines – has increased air fares for various domestic sector routes from February 10, 2009. A Kingfisher spokesman confirmed the raise in air fare, but refused to quantify the increase saying that it would be very difficult to do it sector by sector.He also said that the company’s … Read more Kingfisher Airlines hikes air fare
The employees of Reserve Bank of India (RBI) have decided to go on a one-day nation-wide strike on February 20 seeking restoration of updated pension scheme and other issues. The main reason for the strike is an internal circular issued by the bank at the request of the finance ministry to withdraw an updated pension … Read more RBI staff to go on one-day nation-wide strike on Feb 20
Infrastructure Leasing and Finance Company (IL&FS) is seen emerging as the government’s favorite for taking over the Hyderabad-based infrastructure construction company Maytas Infra, promoted by the family of Ramalinga Raju, the former chairman of the fraud-ridden Satyam Computer Services, according to a media report. IL&FS is one of the 19 banks and financial institutions (FIs) … Read more IL&FS emerges as govt favourite to take over Maytas Infra: Report
As directed by SEBI vide its letter dated February 4, 2009, this Corrigendum to the PA is being issued to appraise the shareholders of Target Company about the following: 1. Activity Schedule The schedule of activities set forth in the PA has been revised. The revised schedule of activities is as under: Date of Opening … Read more Tata Teleservices – Updates on Open Offer
Foreign institutional investors (FIIs) were net buyers of Rs 368.96 crore (provisional) in the cash mart on Tuesday, as per information available on the BSE website. While FIIs made gross purchases of Rs 1,688.12 crore, their gross sales amounted to Rs 1,319.16 crore. Domestic institutional investors (DIIs) were net sellers of Rs 116.99 crore (provisional) … Read more FIIs net buyers of Rs 369 cr in cash segment on Tuesday
Tata Power Management Company has entered into a Memorandum of Understanding (MoU) with Hirco, a group company of Hiranandani Developers to provide power supply and distribution solutions to residents and tenants of the special economic zone (SEZ) developed by Hirco at Panvel. As per the deal, Tata Power will manage the quality and reliable power … Read more Tata Power strikes MoU with Hirco for Panvel township