Business

The IKEA's clarification was on a government's query on the nature and intent of activities involving collection or purchase of old furnitures.

ICICI Bank had last week announced lending rate cut up to 1 per cent in home loans.

Chidambaram said the government would take a host of reform initiatives in the next two years to spur growth momentum.

The retrospective tax measure introduced this year was widely seen as targeting Vodafone.

Over 60 per cent of total imported commodities coming in a goods train from Pakistan constitute cement while rest is rock salt.

DGCA had on Friday issued a show-cause notice to Kingfisher asking why its flying license should not be suspended.

The Cabinet also cleared the draft 12th Five Year Plan document (2012-13 to 2016-17), which targets an economic growth of 8.2 per cent.

Civil Aviation Minister Ajit Singh also expressed doubts whether the carrier, facing a partial lockout, will be able to fly from on Friday.

The rupee continued to rule firm on persistent dollar selling by banks in view of sustained capital inflows from foreign funds.

The airline in a statement said that it is taking all possible measures to lessen the impact of the employee strike.

The companies who have lost their licences will be treated as new companies for participating in the auction.

The board will also consider the audited consolidated financial results of the company.

This is aimed at enhancing the valuation of the firms and help the government obtain better price at the time of any stake sale.

It said that the strike was disruptive for business and trade in many parts of the country.

The axe continues to fall on companies who have been allotted coal blocks, but have till now failed to operationalise them.

The RBI in its mid-quarter monetary policy review on Monday kept the repo rate unchanged but cut the Cash Reserve Ratio by 25 basis points.