Thursday, February 12, 2009

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Top Business News- IBNLive.com

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Sensex falls 98 points in opening trade
    WHITHER GOOD NEWS: Trading has not seen a lift for the past few days, dampening traders' mood.Dip came on selling by foreign funds triggered by weak Asian equity markets.
Citibank's Pandit to take $1 salary, no bonus
    LEADING BY EXAMPLE: Citi group's Vikram Pandit feels that till he helps the bank turn a corner, he cannot claim pay.Pandit says that bank mangers should be held accountable for what they do.
Vote-on-account due, Lalu's rail chugs ahead
    CHUG ON: Lalu's success as a Railway Minister is well reflected in the kind of returns that the balance sheet shows.CNN-IBN conducts check to see if the rail growth story stayed on track.
Minister scolds, airline cuts back fare hike
    HAWK EYE: Civil Aviation Minister Patel says he won't allow 'cartelisation'.Praful Patel frowns on companies for cancelling promotional fares.
Yashwant Sinha rates UPA's performance
    REPROACHING THE APPROACH: Yashwant Sinha says UPA adapted a tight money policy to stave off double-digit inflation.Everyone has been evaluating tenure of the outgoing Government.
Govt overhauls foreign investment norms
    CHIDAMBARAM SAYS: Guidelines for ownership transfer from a resident Indian to NRI entities are being revised.The Cabinet okayed the rationalisation and simplification of FDI guidelines.

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