No airline is making money in India because they are selling below cost. The country is seeing a 25 per cent annual growth rate in air passenger traffic, but some slowdown is also expected. These are some of the pains

This means the cable companies engaged in last-mile distribution of TV channels will qualify for the existing 49 per cent FDI limit, while operators of DTH, HITS, IPTV and multi-system operators will be able to bring in up to 74

The Rs 9,500-crore Dharavi makeover may be postponed by a few months as the scheme will have to be amended to increase the size of the flats, to be given to slum-dwellers, from 225 sq ft to 269 sq ft,

President HH Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as the Ruler of Abu Dhabi, has issued a law restructuring the statutes regulating the housing loans for citizens in the emirate.The...Continue to the full story at www.dubaichronicle.com

The Indian Oil Corporation on Wednesday said it is restricting petrol and diesel sales to what is domestically available, as it has not money to import fuel.

A very low rate of savings among mericans is a key reason for the weakening of US dollar, which in turn is hitting the bottomlines of Indian IT firms, feels Azim Premji, the billionaire chief of country's third-largest software exporter

Fresh buying in FMCG, IT and metal stocks helped the index rebound into the positive zone, the index touched a high of 16,563 - up 345 points from day's low (16,218) in the late noon deals. The market breadth was

A core group of ministers on Wednesday held inconclusive deliberations on a proposal to raise fuel prices, necessitated by a spike in global crude prices that threatens to spawn an oil import crisis.

Those addicted to ITC brands will have to shell out more for cigarettes as the tobacco major has hiked prices of some of its brands by upto Rs 8 per packet.

Unlike some US airlines, Indian carriers are not planning to charge services like baggage handling to beef up their bottomlines, which is hit by a steep hike in fuel prices, but would prefer to keep the options open.The issue came

Acknowledging that it cannot be truly global without being present in India, French aircraft maker Airbus Industrie has drawn plans to expand market share and strengthen research capabilities in the country.

British telecom giant Vodafone's Indian-origin CEO Arun Sarin, who announced his surprise resignation on Tuesday, has fared worse than the global average when it comes to the tenure as chief of a company.

Mahindra & Mahindra group on Wednesday said it planned to invest Rs 2,000 crore (Rs 20 billion) into its automotive business. The company announced a standalone net profit of Rs 221.10 crore (Rs 2.21 billion) for the fourth quarter ended

Carrefour, the world's second largest retailer, is considering the franchise model to initially expand its presence in the country and may announce a local partner in four weeks, people involved in the development said.The French retailer, which has held talks

Expansion plans of footwear and apparel major Adidas India has been hit by high real estate prices ruling in the country, a company official said.Adidas India Marketing Private Ltd's Managing director Andreas Gellner told reporters, "Rise in real estate prices

Anil Nanda Group Company Akme Projects Ltd today announced joint venture with private equity firm MPC Synergy Real Estate to develop seven premium housing projects with an equity investment of about Rs 1,000 crore.The 50:50 joint venture, named Akme Rhine

I am happy to see the industry come forward for nurturing the inherent talent base in rural India. NIITs Model DLC in Chhindwara will go a long way in inducting our youth into the mainstream industry," Nath said, while laying

It is basically a very indicative type of paper. On Mode 1 (cross-border supply of services) and Mode 4 (movement of natural persons), so far very little offers have come which are of great importance to us," Commerce Secretary Gopal

Referring to the oil companies making huge losses due to rise in global oil prices, he said independent directors in oil companies should "at least show dissent in board rooms." The former Securities and Exchange Board of India (Sebi) chief

Since European nations will convert Master Card activities with hi-tech chip base by the beginning of 2011, the company will come out with the software by January 2009 to enable the conversion process on a easy mode. The seven-year-old company,