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Govt likely to put cap on preferred seats airlines can offer
New Delhi: The recent 'unbundling' of some services such as seat preferences or meals on board might be helping airlines to earn a lot of ancillary revenue, but the government is considering whether it could limit the number of 'preferred seats' on sale on each flight. The government has been prompted #air india #airlines #DGCA #Jet Airways #WhatNext
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Finance ministry questions Air India’s plan to trim workforce
Mumbai: Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme. The VRS scheme is "stuck in the Finance Ministry over the payment of Rs 1,200 crore for it. The ministry has #air india #Business #finance ministry #NewsTracker
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First Indian NBA owner: Tycoon Ranadive is betting big on basketball
Indian-American tech tycoon from Silicon Valley, Vivek Ranadive, has become the majority stake holder in the NBA's Sacramento Kings and will keep the team in the California capital. Ranadive, founder and CEO of multi-billion dollar realtime computing company TIBCO, led a group of investors this week to secure an agreement to #NBA #Sacramento Kings #Sports #Vivek Ranadive
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Big deal: Obama’s shale gas decision is a huge opportunity for India
Washington – The Obama Administration’s decision to allow export of shale gas is a very big deal – for India, if the Indian companies can get their act together and get into the game quickly. The decision is loaded with geopolitical significance, one that could be a game changer in Asia #Barack Obama #energy security #GAIL #Nirupama Rao #Shale gas #US #World
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Overseas business margins under pressure: SBI
Kolkata: State Bank of India (SBI) chairman Pratip Chaudhuri today said the lender's margins in overseas business were under pressure. However, non performing asset (NPA) levels of the country's largest lender in the fourth quarter last fiscal remained low compared to third quarter. "In overseas business, our margins are under pressure. We #CompanyWatch #Non performing asset #Pratip Chaudhuri #SBI #State Bank of India
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It’s time planners did some jugaad on rural public transport
On the face of it, the Supreme Court order of May 15 directing all states to ensure that jugaad vehicles do not ply unless they are registered with the regional transport authorities and have third party insurance needs to be welcomed. Jugaad vehicles are those makeshift, rickety contraptions powered by irrigation #Delhi #India #jugaad vehicles #Public transport #rural india #TheLongView
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Is Yahoo about to seal the $1.1 billion Tumblr deal?
NEW YORK: Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, California, company's board of directors will meet on Sunday evening to #DealStream #Marissa Mayer #Technology #Tumblr #Yahoo!
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Narendra Modi says he is opposed to forward trading in commodity exchanges
Ahmedabad: Gujarat Chief Minister Narendra Modi on Friday told a traders' body that he was opposed to forward trading in commodity exchanges as it was detrimental to national economy. "Forward trading in commodity exchanges is detrimental to national economy and I am opposed to it," Modi was quoted as saying in #Business #Commodity exchanges #forward trading #Narendra Modi #NewsTracker
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‘New drug policy to negatively impact investment in pharmas’
New Delhi:The just-notified new drug price control policy will negatively impact sales and margins of pharmaceutical firms in India, according to industry players. "At a company level, we were aware of the upcoming policy and have factored in the impact which is likely to be in the range of 3-4 per #Dr. Reddy's Laboratories #drug policy #Pharmaceuticals in India #WhoSaidWhat
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AI wants Boeing to compensate for not delivering fuel efficient dreamliners
Mumbai: National carrier Air India has sought compensation from Boeing for Dreamliners not meeting the 20 percent fuel efficiency claims as the airline could achieve only a tad over 17 percent fuel economy by its six 787s, an AI source said here today. "We have already sent a demand notice to #air india #Aviation #Boeing #Business #companies #Dreamliner
