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Ranbaxy sells its majority stake to Japan's Daiichi Existing management to continue under CEO and MD, Malvinder Singh. No wage cut, Praful Patel assures A-I employees Minister of Civil Aviation says reports of a 25-pc salary cut are rumours. Praful Patel to meet PM, plead for airlines Civil Aviation Minister will ask for tax cut on aviation turbine fuel. Rising fuel prices force IT cos to look at cost cutting The latest victim of price hike seems to be the IT industry specially the SMEs. Airlines tighten belt, may slash incentives by 25 pc This too is in keeping with PM's austerity measures and rising fuel prices. Oil prices surge, touch new record at $139 a barrel That gloomy outlook sent stocks tumbling, Dow Jones fell 400 points. RSS URL: http://www.ibnlive.com/xml/rss/business.xml

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