DGCA summons airline’s officials on safety issues. The Directorate General of Civil Aviation has given Kingfisher Airlines till Monday to come back with a detailed plan of financial recovery and safety, which includes getting 20 grounded aircraft of a fleet of 69 back into the air. Th…

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India’s services sector grew at its fastest pace in five months in December riding on a surge in new business and expansion in employment, but rising input prices will likely add to inflationary pressures in the coming months, a survey showed. The HSBC Markit Business Activity Inde…

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European stocks rose, with the Stoxx Europe 600 Index extending a two-month high, before a report that may show manufacturing in the U.S. (NAPMPMI) expanded in December at the fastest pace in six months. U.S. index futures and Asian shares advanced. BHP Billiton Ltd. (BHP) and Rio Tinto …

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Setting up a manufacturing base in China should further help profitability. Havells India’s announcement of a 50:50 joint venture with a Chinese company to make lighting products for the global operations of Sylvania, its fully owned subsidiary, has helped its own stock stay firm, even…

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We are in an economic crisis of a lifetime, where finance itself is under attack. We have seen inflation, destruction of the real value of money, worst performance of stocks in a decade, volatility, higher food prices and exponential gold prices. Call it another coincidence but this is gr…

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Even as Foreign Institutional Investors (FIIs) have been selling across markets and pulling out money, their outflow was highest from India in 2011, compared with BRIC peers (Brazil, Russia, India and China) and other emerging markets. According to data compiled by EPFR Global, FIIs withd…

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In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis. In addition,…

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Tracking a weakening global trend, gold futures fell by Rs 166 to Rs 27,613 per 10 grams today, as speculators offloaded their positions. At the Multi Commodity Exchange, February gold fell by Rs 166, or 0.60%, to Rs 27.613 per 10 grams, with a business turnover of 5,193 lots. The April…

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India’s benchmark share indices ended over 1% higher in the week to December 23, despite slumping to 28-month lows intra-week, after encouraging food inflation data and strong global cues. However, the broader market continues to remain weak as investors shunned investments in mid-c…

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Unemployment claims fell by 4,000 to 364,000 in the week ended Dec. 17, the lowest level since April 2008, Labor Department figures showed today in Washington. The Bloomberg Consumer Comfort Index improved to minus 45 in the period ended Dec. 18 from a reading of minus 49.9 the prior week…

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