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Stocks plunge, Rupee at nearly 4-wk low due to fund outflows

Last Updated: Monday, February 9, 2015, 19:13

Falling for the seventh straight day, the benchmark BSE Sensex today slumped over 490 points on sustained fund outflows which also pulled down the rupee to nearly four-week low of 62.17 against the dollar.

HC reserves order on plea to ground 5 leased SpiceJet planes

Last Updated: Monday, February 9, 2015, 19:04

B&B has sought directions to DGCA to cancel Certificate of Registration (CoR) of five Boeing 737 aircraft, leased by it to the no-frill airline, and grounding them.

AirAsia India expects break-even by May-June

Last Updated: Tuesday, February 3, 2015, 21:15

Low fare airline AirAsia India, which had originally set a break-even deadline of last November, is expected to achieve the same by May-June when it hopes to introduce its sixth plane, chief executive Mittu Chandilya said here on Tuesday.

SpiceJet extends discount scheme till February 1

Last Updated: Friday, January 30, 2015, 20:07

Budget passenger carrier SpiceJet Friday extended its discount scheme till Feb 1 citing overwhelming response.

SpiceJet to get Rs 1,500 cr funds; Marans to also put Rs 375 crore

Last Updated: Friday, January 30, 2015, 11:00

The embattled airline, which received a lifeline from original promoter Singh earlier this month, would issue up to 37.5 lakh non-convertible cumulative redeemable preference shares.

Kalanithi Maran, Kal Airways sell entire SpiceJet stake to Ajay Singh

Last Updated: Friday, January 30, 2015, 10:10

Budget airline SpiceJet on Friday said that its promoters Kalanithi Maran and Kal Airways plan to sell their entire equity to co-founder Ajay Singh.

SpiceJet offers 5 lakh seats at discounted rates, starting Rs 1,499

Last Updated: Wednesday, January 28, 2015, 09:36

The booking period is between 28 January and 30 January for the travel period 15 February-30 June, the SpiceJet website stated.

Two crore units to be built under 'Housing for All' programme

Last Updated: Wednesday, January 21, 2015, 23:26

Under the programme which will involve private participation, six lakh houses will be built in Delhi, 16 lakh in Mumbai and four lakh each in Chennai and Kolkata, a PMO statement said, adding these figures may go up after the demand assessment is completed.

Schlumberger cuts 9,000 jobs due to low oil prices

Last Updated: Friday, January 16, 2015, 05:12

Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.

Jet, IndiGo join low-fare war; one-way ticket starts at Rs 1,647

Last Updated: Tuesday, January 13, 2015, 21:25

National carrier Air India had yesterday announced discount for an upto 50 percent across its domestic routes for a limited period.

Air India records profit after long spell of losses, cuts fares by up to 50%

Last Updated: Monday, January 12, 2015, 23:14

After a long spell of losses, national carrier Air India recorded a net profit of Rs 14.6 crore in December last, driven by a healthy growth in both passenger and cargo revenue.

Euro hits nine-year low as Brent oil goes below $50

Last Updated: Wednesday, January 7, 2015, 10:25

The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.