Business

The expert panel has also recommended scrapping state-declared cane prices.

Ailing Kingfisher Airlines, SpiceJet and Jet Airways are all said to be on a lookout for strategic investors.

Experts says the notice could have been issued four months ago when the then aviation regulator chief had made a similar recommendation to avoid the present situation.

Aviation regulator DGCA on Friday issued a show-cause notice asking why its flying license should not be suspended.

The court granted the group's two companies three months to deposit the amount.

Gold is likely to gain further as other central banks, including that of China, are expected to ease policy following similar moves by the ECB.

Aditya Birla Nuvo gained 5 per cent to Rs 955, while Max India jumped 4.8 per cent to Rs 244.50 on the BSE.

ICICI Prudential has entered into a partnership with Syndicate Bank for distribution of its mutual fund schemes.

Chidambaram said the ministry would first finalise its report on GAAR and then consider if there was a necessity to amend the Income Tax Act.

A statement released by the ASSOCHAM has said that the body fully supports the Union government on the move.

The bank's Asset Liability Committee met on Tuesday and decided to cut the base rate to 9.75 per cent.

The report says FDI in retail can create around 4 million direct jobs and almost 5 to 6 million indirect jobs within a span of 10 years.

At 9.04 am local time, the rupee was at 53.72/73 to the dollar against its previous close of 54.30/31.

The official said the banks may be affected due to an indirect link of the lenders to power companies.

The Boeing 787s would be deployed on the new long-haul routes to Australia, Europe, Japan and the US.

Kingfisher Airline operates short haul destinations such as Chandigarh, Dharamshala, Dehradun, among others with ATR.