Business

In a move that can provide relief to insurance companies, banks and electricity companies, finance ministry has told a house panel that it is willing to waive MAT for these companies.

Infosys non-executive chairman KV Kamath said that without the support of SMEs large companies cannot grow.

Telenor said it would migrate its Indian business into a fresh venture to seek new operating licences.

It is widely expected that in the Union Budget the government is expected keep 22 services in the negative list.

Reports say that flights in many other cities too have been affected.

With the budget season approaching there are a lot of discussions over what the budget would have in store for us.

The upmove was mainly on the 26-month low January inflation data, which gave a fillip to rate sensitive stocks.

The Sensex dropped 85.11 points, to close at 17,622.20, while the Nifty closed below the 5350 level, falling 26.5 points to 5,335.15.

Norwegian company Telenor holds the majority stake in Uninor, one of the affected parties of the apex court's 2G ve

Government is looking at various options to protect the interest of subscribers.

The second half of trade was quite volatile due to fall in index heavyweight Reliance Industries.

TRAI shall make fresh recommendations for grant of licence and allocation of spectrum in 2G band in 22 service areas by auction.

Indian Oil, Bharat Petroleum and Hindustan Petroleum jointly stopped Air Turbine fuel (ATF) supplies to Air India.

The market breadth was positive; about two shares advanced for every share falling on the BSE.

A working group said the Indian carriers were anticipating a significant growth in air traffic.

A meeting of the Cabinet Committee on Parliamentary Affairs will be convened in the first week of February to decide on the date.