SC declines to give relief to Mallya, Kingfisher Airlines
The Supreme Court on Tuesday denied relief to debt-ridden Kingfisher Airlines challenging the decision of the Grievance Redressal Committee (GRC) of United Bank of India (UBI) to declare the airline and its promoter Vijay Mallya as wilful defaulters. A Bench of Justices Anil R. Dave and U. U. Lalit... read more »
India slips to 71st rank in global competitiveness list
Weighed down by challenging economic conditions for most part of the past year, India has slipped to 71st position – the lowest among BRICS countries – in an annual global competitiveness list, with Switzerland claiming the top spot. The annual list, released on Wednesday by... read more »
Diesel under-recovery drops to 8 paise a litre
The under-recovery on diesel for national oil marketing companies (OMCs) is down to a wafer thin 8 paise a litre, a pattern that could soon bring relief to consumers from the 50-paise-a-fortnight upward revision. On Monday, the Petroleum Planning and Analysis Cell (PPAC) of the Petroleum Ministry... read more »
Russian photojournalist killed in eastern Ukraine
Russia’s state-owned RIA Novosti news agency said one of its photojournalists has died in eastern Ukraine. Andrei Stenin went missing in early August, his whereabouts unknown. The agency’s director-general, Dmitry Kiselyov, said in a statement on Wednesday that the remains in a charred car... read more »
GVK Power & Infra net loss Rs.281 crore
Diversified infrastructure projects company GVK Power & Infrastructure Ltd. closed the first quarter of 2014-15 with a net loss of about Rs.281 crore, up by around Rs.250 crore over... read more »
NDA govt will not entertain FDI in multi-brand retail : Nirmala Sitharaman
Clearing government stand on FDI in multi-brand retailing, Commerce and Industry Minister Nirmala Sitharaman today said the NDA government will not “entertain” foreign direct... read more »
AirAsia India lowers fares, offers 20% discount
MUMBAI: AirAsia India, the latest entrant in domestic air space, has lowered its fares by 20 per cent for a limited period on all its flights. The discounted ticket scheme was launched... read more »
Ecuador quake triggers deadly landslides
Quito: A shallow 5.1-magnitude earthquake struck the Ecuadoran capital Quito Tuesday, triggering landslides that killed at least two people and violently shaking buildings and... read more »
Israel, Hamas Talks Over Gaza Deadlocked
Egyptian-mediated talks on a long-term deal to end the Gaza war were deadlocked Wednesday, as the final hours of a three-day cease-fire wound down. The truce, which began Monday, is due to expire at... read more »
