Thursday, February 12, 2009

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Top Business News- IBNLive.com

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Two watchdogs snap at airlines for raising fares
    GETTING ABOARD EXPENSIVE: Airline passengers lose out on cheap tickets, government frowns.Companies warned against cartelisation; probe ordered.
DGCA slams airlines, pushes for fair pricing
    DGCA VS AIRLINES: Chairman UB group and Kingfisher Airlines denied charges of cartelisation.The DGCA says it will will come out with directives on transparency in pricing.
December IIP no at 2pc, experts see rate cuts ahead
    IIP STORY: The November IIP number has also been revised to 1.7 per cent from 2.4 per cent earlier.A significant fall in manufacturing output may have led to the drastic fall.
Key Indian market index closes 152 points down
    GOOD AND BAD NEWS: FDI cap lifted must have brough cheer to industry hoping to see more money flowinto country.BSE midcap index closed a marginal 0.10 per cent higher, though.
FDI opens up, hoax says BJP and CPI slams proposal
    THEIR MONEY, OUR MONEY: The percentage of FDI to be allowed is a bone of contention for political parties.New norms will use the ownership and control of the investment body.
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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Posted by hasika at 12:00 PM

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