Business

The DGCA on Saturday suspended the flying licence of Kingfisher Airlines for its failure to come up with a viable plan of operational revival.

Investors greeted the Orient-Express offer with wariness, pushing Indian Hotels shares down 5.5 per cent on Friday.

Vijay Mallya and senior executives of United Spirits have been in London to finalise the final contours of the deal.

The 30-share BSE Sensex went up 33 points to 18,746.65 and the 50-share NSE Nifty was up 12 points at 5,699.

Hindalco, Cipla, Dr Reddy and Tata Power were among the best performers in Sensex on Monday.

Employees have been on a strike demanding payment of salaries of seven months and have been insisting that dues be cleared before they resume duty.

Rajiv Bansal, Vice President (Finance), will take over as CFO from November 1, the Bangalore-headquartered NASDAQ-listed firm said.

Revenues went up by 2.52 per cent to Rs 9,858 crore in the quarter ended September 2012 from Rs 9,616 crore in the previous quarter.

The airline will now credit rate the NCD bonds based on the guarantee issued by the government.

The NSE was brought to a brief halt on Friday after Emkay Global Financial Services placed dozens of erroneous orders.

It has slipped by 60 basis points, but the reason why it has come down is obviously not very pleasant because trade has shrunk all around.

Kingfisher owes over Rs 7,000 crore to 17 banks in the long-term debt and has accumulated losses of around Rs 8,000 crore.

In June, Cairn Energy sold 3.5 per cent of Cairn India to raise about $360 million.

The report did not mention anything about the recent reforms push by the Indian government.

These pay packages include salary, perquisites, profit-linked incentives or commissions and other benefits.

According to a survey conducted by the FICCI, current export conditions have worsened and the prospects for second half of 2012 look bleak.