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Business
Air Asia ties up with Tata for Budget Airline
Tata Group will return to the Indian aviation sector by investing in a joint venture with AirAsia, the largest discount carrier in Southeast Asia, and Arun Bhatia of Telestra Tradeplace for budget airline.
The proposed joint venture came…
Jet Airways join SpiceJet in ‘Price War’
Leading low-cost airliner Jet Airways has joined the price war triggered by SpiceJet with two million tickets to the passengers at a low rate. The six-day sale, which began on February 19, will continue till February 24.
The economy…
Lowest Per Capita Income reported from Nabarangpur
Bhubaneswar: The Annual Economic Survey of Odisha for the year 2013-14, which was presented in the state assembly on Monday, revealed the wide regional and social disparities in terms of economic development in the state.
Poverty…
Uninor Mobile “switched off” in Mumbai
Mumbai: After shutting down its operations in several parts of the country, including Odisha, Telecom operator Uninor was forced to say "good bye" to people in Mumbai today, thanks to the Supreme Court order.
The Supreme Court had asked…
PSU Banks to go on Strike on Feb 20-21
New Delhi: The public sector banks across India have decided to go on a two-day strike on February 20 and 21, demanding higher wages to fight inflation and rising prices. The strike call was given by United Forum of Bank Unions (UFBU),…
Petrol Prices go up by Rs 1.50, Diesel by 45 Paise
TNI Bureau: While the entire nation was busy debating the sensitive issue of multi-crore Italian chopper kickback scam, the oil companies hiked the petrol prices by Rs 1.50 per litre and diesel prices by 45 paise per litre.
The hike will…
SEBI cracks Whip on Sahara, Seals Bank Accounts
TNI Bureau: In a big development, which will change the business landscape of the company, the Securities Exchange Board of India (SEBI) has cracked the whip and sealed over 100 bank accounts of Sahara Group for failing to return the money…
India’s Growth Prediction declines to 5%
TNI Bureau: The Central Statistical Organisation (CSO) has portrayed a gloomy picture of Indian Economy, by predicting a lower growth rate this fiscal. The projected growth rate was reduced from 5.5% to 5%.
This is the lowest growth…
BHEL gets ‘Maharatna’ Status
TNI Bureau: The Bharat Heavy Electricals Ltd (BHEL) has been granted Maharatna status by the government. Established in 1964, BHEL is a state-owned integrated power plant equipment manufacturer of the country and operates as engineering and…
Network 18, Viacom form new JV with Walt Disney in India
TNI Bureau: India's Network 18 group along with its US joint venture Viacom Inc will increase distribution venture business in India and offer TV channels in India in partnership with Walt Disney Co. While IndiaCast will own its 74%…