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Mahindra Satyam, Tech Mahindra Ltd merge

Wednesday, 21 March 2012 16:22
The merger will result in combined revenues of around $2.4 billion and more than 350 clients across different geographical and industrial sectors. The move comes after a long and tumultuous journey for Satyam following an accounting scam admitted by its…

It is a status quo budget with routine announcements: Insurance sector

Friday, 16 March 2012 22:34
Insurance officials are also of the view that Mukherjee’s announcement that the insurance amendment laws would be moved is a routine one. “The increase in service tax will not impact us and also many other insurers. We net out the…

Air India to get Rs.4,000 crore budget support for 2012-13

Friday, 16 March 2012 17:16
“Budgetary support of Rs.4,000 crore has been earmarked for equity infusion in Air India Limited,” said the expenditure budget presented to the Lok Sabha for the financial year starting April 1, 2012. In his last budget (2011-12), Mukherjee had allocated…

Kingfisher’s firm operating schedule in a few days: Mallya

Friday, 16 March 2012 10:54
“We will come up with a firm schedule which will have 100 percent certainty to it. In a few days time we will have a crystal clear plan, a road map covering all aspects from the trade, travelling public, employees.…

IATA in talks with Kingfisher on revoking suspension

Thursday, 15 March 2012 21:05
Tyler said they were discussing with Kingfisher on the terms on which it can be reinstated in to the system. The Geneva-based IATA last week suspended the beleaguered private airline from the global carrier-to-carrier account clearing system following non-payment of…

New telecom policy likely by June: Economic Survey

Thursday, 15 March 2012 20:37
“The government is in the process of finalizing the new National Telecom Policy (NTP). Draft of the policy was circulated in 2011 for consultation with various stake holders. Views from these stake holders have been received and the same are…

Boeing to deliver 100 aircraft to India in five years

Thursday, 15 March 2012 02:54
Dinesh Keskar, Boeing India president and Senior Vice President (Sales), Asia-Pacific and India, told reporters at India Aviation 2012 here Wednesday that the orders include 43 from Jet Airways, 40 from Air India and 30 from Spicejet. Boeing, which is…