Airlines across Europe resumed routine operations on Wednesday after a six-day lockdown due to ash from an Icelandic volcano. The industry recorded an estmated loss of $1.7 billion due to the closure of airports across the continent. For the three-day period between 17-19 April, when almost all flights were grounded, the industry lost revenues worth $400 million per day, IATA said.
"Following preliminary investigations, FSA has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations. FSA will be liaising closely with SEC in this review," FSA said in a statement today. No further details were provided.
Since Thursday, April 15, flights into and out of Europe have taken a severe beating due to volcanic eruption in southern Iceland, with ashes being spewed into Europe's busy airspace.
All flights into and out of the UK were cancelled for safety reasons, with all major airports ordered closed.
Tata Steel Vice-Chairman B Muthuraman has asked a member of British Parliament not to be "over-critical" about the company's strategy in dealing with problems in Corus.
Survival International, a London-based NGO, has appealed to the director of the Hollywood blockbuster Avatar, James Cameron, to lend his support in fighting against London-listed mining and metals major Vedanta Resources from setting up its aluminium plant in Orissa.
The group, which held its first meeting in London on Monday will focus mainly on the construction of major highways and district-level roads. It will comprise major road building contractors from the UK and India.
Smith's financial acumen steered the troubled car maker through its toughest times in the recent past.
Six days of meetings over two weeks between Tata Motors' Jaguar Land Rover (JLR) and its workers' union ended without agreement on terms of employment for new hires.
Given the region's already higher unemployment rates, compared to national averages, it would be difficult to find alternative jobs.
ArcelorMittal, the world's largest steel maker, will benefit from a windfall of 1 billion (Rs 7,000 crore), thanks to the carbon credits issued to it under the European Trading Scheme. The Sunday Times today reported that ArcelorMittal will be the single largest beneficiary under the ETS due to its dominant presence in Europe.
The change in the brand name can show up on the company's locations, stationary and vehicles. The rebranding process, if approved by the company, is expected to commence next summer.
Kant's projection of the Tata Group as an integral part of the British industrial landscape comes at a time when Tata Motors' owned Jaguar Land Rover had faced some challenges in convincing the UK government to lend support in raising money.
Agriculture output has been reduced due to adverse impact of shortfall in rain or floods in some parts of the country.
We call it Nano, they don't have to, says vice-chairman Ravi Kant
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
The company is accused of overlooking local community's interests.
According to a British magazine, 59-year-old Mittal, who bought a 20 per cent stake in Queens Park Rangers Football Club for 200,000 in December 2007, is considered the wealthiest man among football club owners, with an estimated value of 18.4 billion at his command.
Tata Group-owned British car maker Jaguar Land Rover announced on Wednesday that it had secured a 175 million (Rs 1,300 crore) from State Bank of India. This comes over and above the $90 million (Rs 420 crore) committed export financing facility with ABC International Bank, the company said.
Union minister for law and justice M Veerappa Moily said India was committed to opening its legal sector to foreign law companies as agreed under the World Trade Organization negotiations, but would tread cautiously on this decision. At the same time, the country would not do anything that undermined the autonomy of the Bar Council of India, he added.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances