Don’t privatise Air India, give it five years to revive: Parliamentary panel

Don’t privatise Air India, give it five years to revive: Parliamentary panel

This is not an appropriate time to divest government stake in Air India, which should be given at least five years to revive and its debt written off, a parliamentary panel is likely to tell the government. The panel is...
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India’s fuel demand falls 6.1% in August, the most in over 14 years

India’s fuel demand falls 6.1% in August, the most in over 14 years

India’s fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels. Consumption of fuel, a proxy...
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Nandan Nilekani must stay at Infosys for 2-3 years, Ravi needs to go: Ex-CFO Balakrishnan

Nandan Nilekani must stay at Infosys for 2-3 years, Ravi needs to go: Ex-CFO Balakrishnan

Infosys ex-CFO V Balakrishnan has said new chairman Nandan Nilekani should continue his stint for 2-3 years to chart out a proper succession plan and ensure that efforts of the company to be professionally-managed do not “fail again”. Balakrishnan, who...
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Govt should have exited debt- laden Air India 15 years back: Jaitley on privatisation

Govt should have exited debt- laden Air India 15 years back: Jaitley on privatisation

Finance minister Arun Jaitley on Monday made a strong case for sale of Air India as he asked how fair it was to use Rs 55,000-60,000 crore of tax payers’ money on the national carrier for having just 14% market...
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8 Financial Choices You’ll Regret in 5 Years

8 Financial Choices You’ll Regret in 5 Years

If your goal is getting ahead financially, the formula for success is simple: Maximize tax-advantaged retirement accounts early, boost your savings with a Roth or traditional individual retirement account, choose investments you feel comfortable with and avoid...
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LG Books First Quarterly Loss in 6 Years on Worst Mobile Result

LG Books First Quarterly Loss in 6 Years on Worst Mobile Result

South Korea’s LG Electronics Inc on Wednesday reported its first quarterly operating loss in six years in October-December due to its worst mobile performance. Its fourth-quarter loss reached KRW 35 billion ($30.06 million or roughly Rs. 204 crores), in ...
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