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Open Skies: It’s not exclusive to Air India anymore
Private-sector airlines in India will be celebrating after the government announced that all domestic carriers would now be allowed bilateral air traffic rights to fly to overseas destinations. Until now, Air India enjoyed a special privilege called the Right of First Refusal, which entitled it to operate the full capacity #air india #Aviation #Indian Airlines #ThingsWeLike
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Here are India’s top business newsmakers for 2011
It was a remarkable year for Indian business. Safe to say, it had its fair share of ups and downs. Some companies made headlines for all the wrong reasons (DLF), while others won praise for their accomplishments (Flipkart). Some companies faced the end of an era (Infosys), while others basked in #BSE Sensex #India Inc #Infosys #ListsEtc #Tata Group
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Petrol prices may be hiked on 15 Dec
Petrol prices are likely to be hiked on 15 December because of the continuing fall in the value of the rupee against the greenback, a top official of BPCL told The Economic Times. “We will have to take a call on petrol prices, especially as internationally too, prices of petrol have #Business/Finance #Commodities market #Economy of India #Petrol price hike #Rupee #WhyNow
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Hema Malini is still stocking up on gold. What about you?
Bollywood 'Dream Girl' Hema Malini thinks gold is still worth a buy. The timeless 63-year-old also believes there is no reason why the price of gold, up 17 percent this year, should not go up further. “Gold is gold,” she is quoted as saying by the Wall Street Journal newspaper. She’s #Citigroup #Gold #Hema Malini #ThingsWeLike
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Sensex erases initial gains to trade 100 points higher
The benchmark Sensex has shed two-thirds of its 300-points gain in opening trade and is trading about 100 points higher at 16,778 at around 10:20 am. The drop reflects the nervousness seen in Asian markets today, which are also trading weaker over worries about US jobs growth data expected to be #BSE Sensex #CBI #Indiabulls #MarketWatch
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Gloomy IMF is wrong to call on Bernanke to fix US economy
Here we go again. Another high-profile call to the US Federal Reserve to take “extraordinary” measures to prop up a sagging economy. Basically, another call for QE3 – a third round of quantitative easing – or some form of it. This time, it was from the International Monetary Fund, a notoriously #Ben Bernanke #Business/Finance #DebtCrisis #International Monetary Fund #United States
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SOS to govt: RBI can’t fix economy, you have to
SOS to the government: Stop dithering and placing the burden of reviving economic growth on the central bank. If there was ever a time to introduce a fresh wave of high-impact economic reforms, it's now. Especially since the central bank has very little leeway to do anything itself. The slowdown signs #BSE Sensex #Inflation #Monetary policy #Mrfixit #RBI #Reserve Bank of India
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Car sales hit the brakes
First, the Society of Indian Automobile Manufacturers (SIAM) announced that car sales dropped by almost 16 percent to 133,747 units in July from 158,767 a year ago. That was the steepest drop since November 2008, when car sales plunged by 19 percent as the global financial crisis erupted. In June, car sales #cheapest car #Europe #Maruti Suzuki #Tata Motors #WhatNext
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Investor rating: S&P wins 3 games to 2
A global rout in equity markets, a sizzling rally in gold, a decline in oil and other commodity prices, the prospect of another US recession and a severe debt crisis in Europe. So many things are happening at once. What do the world’s top investors make of it all? How #Bill Gross #ExpertView #Federal Reserve System #Jim Rogers #Mark Mobius #Warren Buffett
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S&P got it wrong, economy will avoid second recession: Buffett
For those of you joining in late, here’s the story so far: Late on Friday (US time), capping a week in which global equity markets lost more than $2.5 trillion in value,ratings agency Standard and Poor’s downgraded the US’ prized long-term sovereign AAA rating to AA+ on concerns over the #DebtCrisis #DOW #equity markets #Gold #MarketCrash