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MIAL seizes seven KFA's aircraft over pending payment dues

NI Wire,    Tue, 11 Dec 2012
Giving a major setback to Liquor Baron and Rajya Sabha Member Vijay Mallya's owned Kingfisher Airlines (KFA), the Mumbai International Airport Ltd (MIAL) has seized seven aircrafts of KFA's for long-pending dues of airport services, an official source said Tuesday..................

CAIT demands investigation regarding Walmart recent revelations

NI Wire,    Tue, 11 Dec 2012
The lobbying disclosure report of world's largest middleman, Walmart stating spending of whopping Rs.125 crore in India for lobbying to facilitate its entry into retail trade of India, as appeared today in media, has prompted the Confederation of All India Traders (CAIT) to demand the Union Government

Asian countries including India to wield more global power than US, Europe by 2030; says reports

NI Wire,    Tue, 11 Dec 2012
According to a recent report, India will be among various Asian countries that are expected to wield more global power than the US and Europe combined by 2030. The forecast done by the US intelligence community expected that China would supersede the United States as world’s largest and leading economic power.

Eurozone faces recession

NI Wire,    Fri, 7 Dec 2012
The eurozone is likely to face a state of recession once again as the zone is facing economic decline for the two consecutive quarters justifying the official definition of recession. The 17 nation Eurozone economy dripped by 0.1 percent during July-September period after facing an early decline of 0.2 percent in the second quarter according to the European Union's statistics agency.

Inflation likely to come down from January: RBI

NI Wire,    Thu, 6 Dec 2012
News of relief for the country as inflation is likely to slow down from January next year, said Reserve Bank of India Governor Duvvuri Subbarao on Thursday.

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