Archive for the ‘Business’ Category

2G spectrum price to slam Bharti, Vodafone, Idea

2G spectrum price to slam Bharti, Vodafone, Idea

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An already-debt laden Bharti Airtel, Vodafone, Idea Cellular, and Bharat Sanchar Nigam Ltd (BSNL) may find their balance sheets under further pressure if the Telecom Regulatory Authority of India’s (Trai) latest proposals on pricing of excess spectrum is implemented by the Department of Telecommunications (DoT). Among the... 

Will terminate Antrix-Devas spectrum deal soon

Will terminate Antrix-Devas spectrum deal soon

15
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The government has been caught in another spectrum scam with the latest being the Indian Space Research Organisation awarding 70Mhz at virtually throwaway prices. Reports suggest that the scam is bigger than the 2G scam and likely in the region of Rs 2 lakh crore. Opposition parties are demanding a thorough probe into the latest... 

Air show to delay flights

Air show to delay flights

15
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Aero India will hold air traffic for five hours everyday this week, affecting over 100 flight schedules across India Aero India, the country’s most prestigious air show will not only show off India’s best fighter planes, but will also ground more than a few commercial jets from flying during the coming week. This... 

UK slaps visa curb on students from India

UK slaps visa curb on students from India

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London, Feb 7: This could be one piece of bad news for Indians planning to go to the UK for educational purposes. Britain in a surprise move plans to abolish visas to Indians and other non-EU students who plan to take up employment there after they finish their studies. This will see a sharp fall in the number of students who... 

India Infoline’s Q3 net profit up 12.7 pc at Rs 67 cr

India Infoline’s Q3 net profit up 12.7 pc at Rs 67 cr

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MUMBAI: Brokerage firm India Infoline today said its consolidated net profit after tax and minority interests grew 12.70 per cent to Rs 67.06 crore for the third quarter ended December 31, 2010, over the corresponding period a year ago. The group had a consolidated net profit from ordinary activities after tax and minority interests... 

Tehelka lists 15 account holders in Liechtenstein

Tehelka lists 15 account holders in Liechtenstein

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A list of 15 individuals and trusts allegedly holding secret accounts in the tax haven of Liechtenstein was released by Tehelka news magazine on Friday. The list was handed over to the Indian government in March 2009, and the government took the stand that the names could not be disclosed as they had been given by the German... 

Queenslanders speak of Yasi’s awesome power

Queenslanders speak of Yasi’s awesome power

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Severe Tropical Cyclone Yasi has smashed into the Queensland coast, leaving a trail of destruction and forcing hundreds of thousands of people to bunker down in homes and emergency shelters. Here is what people have to say on the disaster: “I think all the roof is gone, it was a brand new roof. I thought it would hold... 

Egypt Rejects Western Calls for Quick Political Transition

Egypt Rejects Western Calls for Quick Political Transition

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Egypt’s protesters are showing no signs of slowing down, and it appears that President Hosni Mubarak’s days are numbered. So why won’t the governments of Canada and the United States, Europe and Israel simply call for him to step down? Because Egypt’s is an uprising without a face. Who would step into... 

Jet Air Q3 net up but misses estimate; shares slip

Jet Air Q3 net up but misses estimate; shares slip

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Jet Airways India, India’s largest private carrier, on Wednesday reported lower-than-expected 11.3 percent rise in Oct-Dec net profit, sending its shares down as much as 3.6 percent. The limited growth in net profit has been attributed to higher tax outgo and fuel prices. While tax during the quarter witnessed a whopping... 

Maruti Suzuki launches premium sedan Kizashi

Maruti Suzuki launches premium sedan Kizashi

15
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New Delhi, Feb 2 (IANS) Car market leader Maruti Suzuki Wednesday launched its premium luxury sedan Kizashi priced between Rs.16.50 lakh to Rs.17.50 lakh ex-showroom Delhi. ‘With the launch of this luxurious sporty sedan, Maruti Suzuki is able to offer an international car to top-end customers in India,’ said Shinzo... 

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