Business

Tail Winds, which owned almost 79.99 pc of Jet before the deal, will transfer a majority of its stake to Jet owner Goyal.

The govt has decided to permit scheduled airlines to unbundle certain services and to charge fees for those services separately.

The investment would be the first by a foreign carrier into an Indian airline since it allowed foreign carriers to buy up to 49 pc in local carriers.

Cook also acknowledged that Apple's once stratospheric growth had tempered but stressed that the company's position remained strong.

Sahara Prime City had sought to raise up to Rs 3,450 cr through the IPO to raise funds for its various housing projects across the country.

The Walton family of the US, who own supermarkets (Walmart), are the richest in the world with a 90 billion pounds fortune in 2013.

The current bilateral agreement with Abu Dhabi allows Indian carriers to operate merely 13,300 seats each week.

It was not immediately known how much Tata Tele would save by returning part of the airwaves.

Brokers said the market was looking for any positive factor and encashed the recent rally in fundamentally strong stocks.

India's largest lender priced a five-year, $1 billion bond issue with a coupon of 3.25 per cent last week.

The rupee weakened by 26 paise to trade at 54.78 against the US currency over sustained dollar demand from banks and importers amid its higher value overseas.

Chakrabarty said these cooperatives banks should be shut down as they have been given many chances to perform.

The SC had asked the company to pay Rs 100 crore compensation for polluting the environment through its copper smelting plant.

The IT company's consolidated net profit for 2012-13 fiscal has risen 13.3 per cent to Rs 9,421 crore.

Brokers said the market witnessed value buying before the fourth quarter financial results beginning tomorrow with Infosys on optimism of better earnings.

A strong opening in the domestic equity market and strength in the euro against the dollar overseas supported the rupee.