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GMR claims $800 million damages for termination of airport deal

GMR Male International Airport Pvt Ltd (GMIAL), a subsidiary of GMR Infrastructure, on Friday claimed $803 million in damages from Maldives for “wrongful repudiation of the concession agreement for mo

Centre plans to trim power theft

India will spend Rs 25,300 crore to tackle rampant theft of electricity by rolling out metering in cities and upgrading old distribution networks, the power ministry said late on Thursday.

SpiceJet close to finding saviour

Cash-strapped low cost carrier SpiceJet could be very close to reaching a deal with an investor for “recapitalisation” or infusion of funds, amid speculation that a deal could even have been finalised

Heavy trading in Vysya Bank stock

Investor-centric magazine MoneyLife! has suggested that someone in ING Vysya Bank knew about the coming merger and traded heavily in the stock.

RBI cautious on response to gold import surge

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The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank’s decision-making said

Nitin Gadkari goes full throttle

Accelerating road construction to 30 km a day by 2016 from 3 km at present and eliminating bogus driving licences are top on the agenda of road transport and highways minister Nitin Gadkari.

Vistara Airlines launch held up due to flying permit delay

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Vistara Airlines will now be able to start operations only next year

FPI inflows hit Rs 20,000 crore in November so far

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The net investment by foreign investors in the equity market was Rs 10,778 crore

FM Arun Jaitley rules out tax terrorism

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Finance minister Arun Jaitley on Friday said that an unsustainable tax demand would only earn the country a bad name as an investment destination, comments that come in the wake of tax department losi

Market Wrap

China lowers rate to boost growth

China cut interest rates unexpectedly on Friday, stepping up efforts to support the world’s second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century.

When our public sector is much in news whether it involves privatisation or disinvestment, it is worth recalling whether they are good corporate citizens, especially when they are monopolies.

How many deaths will it take to realise that too many young women in their prime have needlessly died?