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PNB to slash BPLR, deposit rates by 100 bps

NI Wire,    Thu, 27 Nov 2008
PNB has announced to cut 1% rate on interest from 13.50% per annum to 12.50% per annum, which would be applicable with respect to all existing and new accounts linked with BPLR where rates

Jet to reintroduce services on Chennai-Coimbatore sector

NI Wire,    Tue, 25 Nov 2008
With effect from December 1, 2008, Jet Airways has decided to reintroduce services on the Chennai-Coimbatore sector, a press release from the airline said on Tuesday.

India to go on as the second fastest economy: FM

NI Wire,    Tue, 25 Nov 2008
Despite moderation in the growth rate to a level between 7 and 8 per cent in the current year, India would still be the second-fastest growing, large economy in the world, said Union Finance Minister

US govt in rescue of ailing Citigroup

NI Wire,    Mon, 24 Nov 2008
The US government on Sunday night has finally decided to rescue the ailing Citigroup Inc. that is facing heavy losses amid global financial crisis.

Air India may cut airfares by 12% in December

NI Wire,    Mon, 24 Nov 2008
Initiating a move to set a bottom line for the skyrocketing airfares, National Aviation Company of India - the operator of public sector carrier Air India - is likely to cut airfares by 12% in mid December, sources said.

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