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Business Standard
Oil firms resume fuel supply to Air India after four hours - Business Standard
None of our flights were cancelled but 25 flights were delayed at the six airports,” said an Air India official, who did not want to be identified. Oil supplies were stopped at Delhi, Mumbai, Chennai, Kolkata, Trivandrum and Kochi airports.
India mulls non-rupee option to settle Iran oil dues - Business Standard
Senior official sources close to the development said the option was an arrangement between Iran, India and other countries, from whom Iran imports and has to pay over and above what it imports from India. Under the arrangement, instead of routing the ...
Standoff ends on CMD assurance - Business Standard
“The agitation will not move to the next day, as we have been assured of timely payment by the chairman and managing director himself,” said a senior pilot, who did not want to be identified. In a meeting with the pilots, Air India CMD Rohit Nandan ...
Minds fail to meet at Uninor board meet - Business Standard
A source, who refused to be named, argued according to the shareholders' agreement, the rights issue should be the last option to be explored and the debt route should be the first choice for the telco. Unitech Wireless refused to comment on the ...
Japan, US to seek common ground over Iran, euro crisis - Business Standard
But sources close to the matter have said the two countries are unlikely to achieve any tangible result during the talks, expecting that the two sides would only confirm their resolve to address those issues by standing on the same side. ...
PF: Labour ministry for 8.6% return - Business Standard
Confirming it, a senior government official said the decision had been taken to balance financial prudence and public interest. Further, it will bring the interest earned on EPF equal to the 8.6 per cent being offered on the Public Provident Fund. ...
Apollo Pharmacy to grow its private labels - Business Standard
The company also plans to add generic medicine portfolio to the product basket in the near future, said sources close to the development. The company, which already has over 200 Stock Keeping Units (SKUs) in around 80-100 products under its private ...
States to discuss service tax issue with Centre - Business Standard
“The union government has no residuary power to levy service tax on these activities,” a government official said. “For, they are sale of goods. It falls under state tax domain,” he told Business Standard. Even air-conditioned restaurants having ...
Kingfisher Airlines gets time till Monday - Business Standard
It found that several Kingfisher planes were grounded because of want of spares or maintenance issues, said a DGCA official who did not wish to be identified. The audit of Air India Express, Air India's low-cost international carrier, found that the ...
Network18 promoters release pledged shares - Business Standard
However, the promoter has the power to renounce this right in favour of any other person, including a pledgee,” said a company law expert, who did not want to be identified. According to him, if the promoters have entered into contractual obligation to ...
DIAL unhappy over proposed hike in landing & parking fees - Business Standard
Also, the charges at the airport have not seen an increase for the last 10 years,” said a senior DIAL executive, who did not want to be identified. The airport regulator has floated a consultation paper on the issue. The consultation phase normally ...
China's HNA Group bids for DLF's Aman Resorts - Business Standard
The founder of Aman Resorts, Adrian Zecha, will be a part of the final decision, a person close to the development said. About the resort's sale, Saurabh Chawla, executive director (finance), DLF, had said after the July-September results, ...
China-based HNA Group joins race to buy DLF's Aman Resorts - Business Standard
The founder of Aman Resorts, Adrian Zecha, will be a part of the final decision, a person close to the development said. About the resort's sale, Saurabh Chawla, executive director (finance), DLF, had said after the July-September results, ...
NMDC joins the ranks of headless PSUs - Business Standard
“Such a scenario is hurting business activities, since acting executives are devoid of powers to take crucial decisions," chairman of a top PSU said on the condition of anonymity, adding that "on many occasions, acting CMDs get challenged by the other ...
Maharashtra parties ready to face post-Hazare wave civic polls - Business Standard
A leader of the party -- he did not want to be identified -- said the Sena was paying special attention on the polls to the 10 civic bodies. BJP leader Atul Shah said Mumbaikars were aware of the saffron alliance's contribution to the development of ...
China TV grows racy, gets a chaperone - Business Standard
"The whole point here is that Sarft is trying to get TV station presidents back to the roots," said a person once involved with "If You Are the One," who spoke on the condition of anonymity. "What are the roots? TV is supposed to be the mouthpiece of ...
Banks ask for seats on Air India board in exchange for debt recast - Business Standard
... restructuring the debt has raised concerns over not getting any representation in the board even after converting a substantial part of the debt into equity,” said a senior civil aviation ministry official, who did not want to be identified. ...
FDI dips 50% to $1.16 bn in October - Business Standard
However, during the April-October period, FDI went up by 50.3 per cent to $20.8 billion, from $13.84 billion in the year-ago period as inflows were robust in the initial months, a senior government official said. In August foreign investments had ...
Elecon to supply gears for India's first aircraft carrier - Business Standard
... marine gearbox to the public sector shipbuilding major, Cochin Shipyard Ltd (CSL) for construction of India's first indigenous aircraft carrier for the Indian Navy in the first quarter of the next fiscal, a source close to the development informed. ...
Govt to wind up Vayudoot - Business Standard
We are preparing a Cabinet note and they (the Cabinet) are likely to take this issue next month,” said a senior ministry official, who did not want to be identified. The government had planned to revive Vayudoot in the recent past to improve ...
Bangladesh to take Ambassador taxis - Business Standard
Though Jha declined to comment on the volumes, an official close to the development said, “They will assemble 200 cars per month initially. Intraco is negotiating with the Bangladeshi government, which will buy the taxicabs. The number is likely to go ...
Telecom regulator to set up units in major cities - Business Standard
This will help the regulator in assessing required information directly on the field, a person close to the development told Business Standard. Trai may set up more offices across the country, a senior official said while confirming the move. ...
SEZ developers allowed to dilute project equity - Business Standard
It should have gone through the EGoM or Parliament,” said a senior official from a Delhi-based real estate firm, who did not wish to be identified. The move was initially opposed by the department of revenue, which said such a provision would amount to ...
Slowdown in GDP growth may put road projects off track - Business Standard
Another road project developer (who refused to be named) said one might have to revise the toll growth numbers. IRB Infrastructure Developers concurs. Its chairman and managing director, Virendra Mhaiskar, says the earlier projections appear optimistic ...
Worli-Haji sea link project faces further delay - Business Standard
MSRDC official, who did not want to be identified told Business Standard “The company is yet to move further on the project development. There was no provision of providing space for a concession agreement. Instead of the state government, ...