Shivaz Rai, owner of a travel agency in Delhi, spent Rs 48,000 on low-cost carrier Air Deccan's Superflier scheme offering coupons for 12 flights to any destination.
Banks are expecting a 25-basis-point increase in the repo rate (7.75 per cent at present) -- the central bank's short-term lending rate against government securities -- when the Reserve Bank of India announces its monetary policy on April 24.
Union Finance Minister P Chidambaram has asked public sector banks to go slow on disbursals of home and other consumption loans to help fight inflation.
Succumbing to pressures from the Left parties, the committee on infrastructure, set up under the chairmanship of Prime Minister Manmohan Singh
The rupee is expected to remain unusually stronger for about a month as inflation concerns are likely to keep the Reserve Bank of India away from the market.
Trade ministers of the Group of Six (G-6) countries resolved on Thursday to conclude the six-year-old Doha Round of trade talks by the end of the year.
Citigroup Inc yesterday announced its decision to slash 17,000 jobs.
Thirty-four of the CEOs polled, or 89.5 per cent, said they would not scale down business projections for 2007-08, though 28 of them, or 73.7 per cent, expect money to become costlier.
Led by an unprecedented boom in domestic consumption, the country achieved an average GDP growth of 8.6 per cent over the past three years. For 2006-07, growth is forecast at 9.2 per cent, the fastest in 18 years.
Tata Power, the country's largest private utility by sales, announced the acquisition of 30 per cent stake in two coal mining units and a related trading outfit of Indonesia's PT Bumi Resources for nearly Rs 4,740 crore ($1.1 billion).
The income tax (I-T) department in Mumbai has requested Vodafone to make an application to the assessing officer for determining the exact tax liability resulting from buying out 62 per cent equity stake from Hutchison in Hutchison Essar Ltd.
Though advertisers cannot force re-negotiations on ad rates, as they are bound by contracts, the dip in viewership and waning interest among Indian viewers is irking them.
The event has seen participation of 111 business delegations from Italy, which is one of the biggest delegations so far.
The average rating of 7.13 for the India-Sri Lanka match fell to 1.85 for the Australia-South Africa match on Saturday.
Casual advertisers that bought spots for India's matches are certain to pull out, delivering a blow of Rs 125-150 crore (Rs 1.25-1.5 billion) to Sony Entertainment Television, the official broadcaster.
NIIT Limited, a provider of IT training, learning and knowledge solutions, is set to expand its overseas presence by expanding its chain of IT education training centres in a few emerging countries and by entering new geographies.
French banking major in equity tieup talks with NBFC, housing finance firm.
Given that some BPOs conduct nearly 150 interviews a day, the threat of fudged resumes and impersonation is compounded many times over.
Mahindra & Mahindra (M&M), the country's largest tractor company, has acquired the controlling stake in Punjab Tractors Ltd (PTL), the fourth largest tractor firm, outbidding Hinduja group firm Ashok Leyland.
HOV Services pays Rs 660 crore for US firm.
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