ATF Hiked, Air Fares to go up by 10-15%

The declining Rupee, Syrian crisis and fuel price hike have taken a toll on the aviation industry. The Aviation Turbine Fuel (ATF) or Jet Fuel has been hiked by a steep 6.9%, which means there will be a 10-15% hike in all air fares in the…

Raghuram Rajan takes over as RBI Governor

Raghuram Govind Rajan, Chief Economic Advisor in the Finance Ministry, will take over as the new RBI Governor today at a time when Indian Economy is struggling to find its rhythm. Rajan took charge from Duvvuri Subbarao. He will be at the…

Ram Temple Back on Political Agenda

From The Editor's Desk: While gearing for the 2014 polls, all political parties pledged raise the real issues such as corruption, inflation, price rise and unemployment. However, as the Congress sought to strike a different chord, all…

Microsoft to buy Nokia’s Device Business

In a major development, IT giant Microsoft has decided to acquire Nokia's device and services business for worth $5 billion and also control the mobile maker's patents and mapping assets for another $2.17 billion. The total deal, which…