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India Inc gives thumbs up to Railway Budget

New Delhi, Feb 25 (IANS) All the major political parties may have criticised the Railway Budget for 2016-17 presented by Railway Minister Suresh Prabhu on Thursday, but the Indian business fraternity hailed it, terming it…



Nissan welcomes rail-auto hub in Chennai

Chennai, Feb 25 (IANS) Japanese car maker Nissan Motor Company on Thursday heartily welcomed Railway Minister Suresh Prabhu’s budget announcement of setting up a rail-auto hub here. “Chennai is one of major auto hubs in…



India Inc gives thumbs up to Railway Budget

New Delhi: Union Minister of Railways Suresh Prabhakar Prabhu gives final touch to Railway Budget 2016-17 at Rail Bhawan in New Delhi on Feb 24, 2016. Also seen Union MoS Railways Manoj Sinha. (Photo: IANS)…






Jet Airways enters into partnership with Korean Air

New Delhi, Feb 25 (IANS) Leading Indian flyer Jet Airways on Thursday announced codeshare and reciprocal frequent flyer programme partnership with Korean Air for increasing connectivity further. “The codeshare cooperation with Korean Air is an…


Reliance Capital hives off commercial finance business

Chennai, Feb 25 (IANS) Anil Ambani-led Reliance Capital on Thursday announced hiving off its commercial finance division into a separate wholly owned subsidiary. In a statement, Reliance Capital said the board of directors approved the…



OPEC daily basket price closes lower

Vienna, Feb 25 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $28.30 a barrel on Wednesday, compared with $28.94 on Tuesday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes…


Disappointment over railway budget subdues equity markets

Mumbai, Feb 25 (IANS) Disappointment over the railway budget, coupled with negative Asian indices and derivatives expiry subdued Indian equity markets during the mid-afternoon trade session on Thursday. This led the barometer 30-scrip sensitive index…



Porto admits possible sale of Maicon

Lisbon, Feb 25 (IANS) Porto president Jorge Nuno Pinto da Costa has revealed that Brazilian defender Maicon Roque, who is on loan to Sao Paulo due to a controversial incident, is likely to be sold…



Disappointment over railway budget subdues equity markets

Mumbai, Feb 25 (IANS) Disappointment over the railway budget, coupled with derivatives expiry and a weak rupee subdued Indian equity markets during the afternoon trade session on Thursday. Negative Asian markets also dented sentiments. This…


New Malayalam news channel to be launched soon

Thiruvananthapuram, Feb 25 (IANS) Kottayam-headquartered Mangalam group, which publishes a daily newspaper and several magazines, has said it will soon launch a TV news channel in Malayalam. The channel will be an addition to the…