Hiring has grown nine per cent this year. And the banking and IT sectors are leading the game.
The civil aviation ministry and the directorate general of civil aviation plan to award the low-cost carriers some key morning and evening peak-time slots (a fixed time for departure or arrival of a particular flight) lying unused with the full-service carriers at metro airports like Delhi and Mumbai. DGCA officials and airline officials confirm that airlines like Jet and Kingfisher are not using around 10 per cent of their slots during the peak periods.
The move comes a month after three-day terrorist attacks in Mumbai on November 26 left at least 183 people dead and thousands wounded. A source close to the development told Business Standard that following 26/11, as the terror attacks came to be called, reinsurance rates have hardened in the global markets.
According to Jones Lang LaSalle's March Global Market Perspective, the stock of commercial property in major cities such as Delhi and Mumbai are forecast to expand by 50 per cent in 2009. 'Tier I cities in the emerging markets of China and India are facing a situation of major oversupply and also are likely to witness significant falls in rentals this year as vacancy levels climb...,' the report said.
If the states do not chip in with better governance procedures in the setting up of new businesses, providing electricity connections, enforcing contracts, issuing construction permits or registering property, there is little the Centre can do on its own to quickly move India up the index on ease of doing business, says A K Bhattacharya.
Office space rentals in India are expected to fall up to 20 per cent in the next three quarters, with key cities like Delhi and Mumbai slated to witness a sharp decline of 50 per cent.
Board of Control for Cricket in India N Srinivasan and his son-in-law Gurunath Meiyappan appeared before the Justice Mudgal Committee in connection with the probe into the IPL spot-fixing and betting scandal, in Chennai.
The woman, who was wearing a dress, missed her flight, though she was accommodated on a later flight after she reportedly changed into trousers.
The country's ranking had jumped from 142nd spot last year.
Low-cost IT workers in India are populating what have been described as 'click farms' in fake internet traffic.
'Comparing a men-only pilgrimage with past blots like sati or untouchability is propelled by politics, mischief and malevolence,' argues Sudhir Bisht.
Sleep has been a casualty for Vijay Shekhar Sharma, whose wallet company Paytm has a user base of close to 150 million and is working 20 hours a day.
Organised by WWF, this is a worldwide campaign in which nearly 1,500 cities, including Delhi and Mumbai, will switch off their lights on March 28 from 8.30 pm to 9.30 pm local time. The campaign is a symbolic event to send a strong message to our political leaders that we want them to take meaningful action on climate change.
British Airways on Thursday announced a promotional scheme offering a basic fare of Rs 9,990 for London from major Indian cities like New Delhi and Mumbai, instead of the usual basic fare of about Rs 22,000.
According to a company statement, IOL Netcom will also introduce a variety of value added services. IOL Netcom's CDMA mobile services will offer multi-play services, comprising mobile, data card, desktop CDMA phone, IPTV and broadband services, among others.
"Had the government agreed to this proposal of the AAI, the (modernisation of) Mumbai and Delhi airports would have been completed by this time," the Standing Committee on Transport, Tourism and Culture said in its latest report. While opposing privatisation, the report said the AAI proposal, which promised to revamp the two facilities in a much shorter time, was "turned down for unknown reasons."
The JV will be set up in about 8-10 cities, including Hyderabad, Ahmedabad, Kolkata, Bangalore, Indore, Jaipur, Pune, Delhi and Mumbai. The investment is expected to provide significant synergies to the Future Group, which has a large advertisement budget and aligns well with the group's businesses such as Future Media, which has interests in media and advertising.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
Aditya Birla Nuvo plans to extend its footprint in apparel retailing through two subsidiaries for mens exclusive lifestyle and Peter England family stores. Madura Garments, the company's branded apparel division, crossed a turnover of Rs 1,000 crore (Rs 10 billion) in FY08.
The agency says that it is exempted from the Right to Information Act.
Devika Narain earlier designed the weddings of cricketers Dinesh Kartik and Robin Uthappa
State-run MTNL has received the highest amount of spectrum in Delhi and Mumbai at 12.4 Mhz as on March 2009, while private GSM operators Bharti and Vodafone are not far behind at 10 Mhz each in the same period.
ITDC/Aldeasa, a joint venture between state-owned Indian Tourism Development Corporation and Spanish company Aldeasa, had bagged the contract for duty-free operations at Mumbai airport for Rs 571 crore (Rs 5.71 billion) in February. Operations were to start in June. Instead, two weeks ago, Aldeasa wrote to MIAL saying that the contract value should be reduced to Rs 250 crore (Rs 2.5 billion).
The offices called 'London India Offices', were launched in November 2007 during Livingstone's visit to India, were set up to promote trade relations between London and India.
As of now, the Delhi-Mumbai Rajdhani Express runs at an average speed of 85 km per hour.
Growing trade and commerce in the region could support passenger demand
After the trial run on the Bareilly-Moradabad line, it will be tried on Rajdhani route between Mathura and Palwal for 40 days with speed up to 180 km per hour.
The river, which passes through Vadodara, was flowing over a railway bridge between Varnama and Makarpura areas on the city's outskirts since last night due to heavy rain. The water level, which stood at 28.6 feet, is 2.6 feet above the danger level, they said.
No frills carrier SpiceJet on Monday cut down base fare for its evening flights to Kathmandu to Re 1 for two days starting on Monday.
Use technology to become competitive, say finance minister Arun Jaitley.
Indian Oil Corporation, the country's largest petroleum product marketer, has already started selling only premium fuels in nearly 25 of the 50 fuel stations it has in Mumbai, and in almost 10 of 50 outlets in Delhi. Bharat Petroleum Corporation and Hindustan Petroleum Corporation are also planning to follow IOC's example.
The govt is expected to achieve the revenue target of Rs 40,000 crore from spectrum sale this fiscal, Telecom Secretary M F Farooqui said.
The court will on Tuesday hear arguments on the quantum of sentence to be awarded to the convicts.
Reliance Retail on Monday unveiled 'Reliance Digital' here, its third consumer electronics mega store in the country, after successfully launching it in Delhi and Mumbai, a company official said on Monday.
Tax wing scanning cash deposits between Rs 5-10 lakh
The training was expected to begin soon.
Bharat Sanchar Nigam Ltd (BSNL) has received permission to offer CDMA services across the country (except Delhi and Mumbai) under the crossover technology policy. Under the policy, existing GSM operators are allowed to offer CDMA service and vice versa within the same licence after paying a fee.BSNL is the third company after Reliance Communications (which is in CDMA and wanted to operate GSM service) and Tata Teleservices (similar to Reliance) which has been given licences
Airline wants to fly to West Asia, Southeast Asia.
On offer from the beginning of this week, these fares are expected to continue through the rest of the lean season, that is, till the end of September. Customers buying any low-cost carrier ticket on the Mumbai-Delhi route will only have to pay taxes and surcharges that range from Rs 3,400 to Rs 3,600.
How sustainable and prudent is the policy of boosting services without commensurate growth in infrastructure in the relevant sectors, asksA K Bhattacharya.
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