Backing their protesting Air India counterparts, the pilots’ body of Jet Airways today called for an immediate reinstatement of those sacked and appealed to Civil Aviation Minister Ajit Singh to intervene and get the issue resolved at the earliest.
“We are calling for immediate reinstatement of our IPG colleagues and negotiations in good faith [...]
May 14 2012 | Posted in
India |
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The BSE Sensex stayed higher with more than 100 points gains led by 27 components while the NSE Nifty too held the 5000 level quite nicely. Index heavyweights Reliance Industries, State Bank of India and Larsen & Toubro were helping the market.
The BSE benchmark moved up 131.46 points or 0.8% to 16,611.04 and [...]
May 13 2012 | Posted in
Latest Updates |
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There seems to no end to the turbulence in national carrier Air India. The airline has sacked 24 more pilots, taking the total number of axed pilots to 70.
The national carrier has also written to the aviation regulator Directorate General of Civil Aviation (DGCA) to cancel flying licences of the sacked pilots.
[...]
May 13 2012 | Posted in
India |
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There seems to be no end in sight to the Air India crisis. The pilots’ strike entered the fifth day on Saturday and passengers continued to suffer as 15 international flights were cancelled.
On Friday, Air India sacked 25 more pilots taking the total number of sacked pilots to 71 in four days, even [...]
May 13 2012 | Posted in
India |
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Dolat Capital is bullish on Union Bank of India (UBI) and has recommended buy rating on the stock with a target price of Rs 209 in its May 11, 2012 research report.
“Union Bank of India’s (UBI) net interest income (NII) grew 9% YoY to Rs 18.8bn – 2.6% lesser than our estimates of [...]
May 12 2012 | Posted in
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German sportswear giant Adidas has petitioned the Indian law enforcement authorities to open a criminal investigation into alleged financial irregularities uncovered in its Indian arm Reebok India.
A “criminal complaint” was filed with the Indian law enforcement authorities in order to bring formal charges in connection with the “commercial irregularities uncovered at Reebok India”, [...]
May 12 2012 | Posted in
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This week, top on everyone’s mind has been the banking sector. Fourth quarter results indicate a stomach churning rise in the number of bad loans or loans which borrowers are not paying back. At such a time, the regulator Reserve Bank of India is imposing sterner rules called the Basel rules.
These rules require [...]
May 12 2012 | Posted in
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