Business


Cyrus Mistry Vows To Continue Fight Against Tatas

The number of shares voted represented 86.71 percent of the total shareholding of TCS. The vote was a foregone conclusion and a victory for family patriarch Ratan Tata, who controls nearly three-quarters of the company. The petitioners also sought the court's direction to hold back a vote on the resolution to remove Wadia until the final judgement is delivered in the case.


Wholesale inflation drops to 3.15 pct in Nov as food prices soften

Wholesale inflation drops to 3.15 pct in Nov as food prices soften

Inflation in fruits rose to 2.45 per cent during the month. Data released by the Department of Industrial Policy and Promotion on Wednesday showed food inflation decelerated significantly to 1.54% in November from 4.34% a month ago prices of vegetables (-24.1%) dropped drastically.



Fed Rate Hike Hints Could Send Pound US Dollar Exchange Rate Reeling

US GDP growth: According to FOMC document, the committee sees the media forecast of gross domestic product growing 2.1 percent in 2017, 2 per cent in 2018 and 1.9 per cent in 2019. Markets had all but priced in a rate increase by the Fed, but the faster pace of increases seen next year may give traders an excuse to cash-in the recent gains.



Alaska Completes Virgin America Acquisition But Changes Will Come Slowly

By comparison, the four largest US airlines - American Airlines, Delta Air Lines, Southwest Airlines and United Airlines - controlled a combined 83 percent of domestic seats in the past year, according to an Associated Press analysis of data from Diio, an airline-schedule tracking service.



Alaska Airlines finalizes purchase of Virgin America

Alaska reached an agreement April 4 to buy Virgin America for $2.6 billion and additionally take on $1.4 billion in debt and aircraft lease obligations, creating a $4 billion enterprise value for the transaction. The newly wedded airlines both get high marks from customers, but the on-board experiences for passengers are different. Alaska is the dominant carrier at Portland International Airport, through which it flew more than 3.8 million passengers a year ago.



GST to be implemented in 2017: PM Modi

Mr Modi also said , licensing regime has been rationalised greatly and investor facilitation cells have been set up to guide prospective investors. On the Goods and Services Tax (GST) system, he said: "The constitutional amendment for Goods and Services Tax has been passed.