SC declines to give relief to Mallya, Kingfisher Airlines
The Supreme Court on Tuesday denied relief to debt-ridden Kingfisher Airlines challenging the decision of the Grievance Redressal Committee (GRC) of United Bank of India (UBI) to declare the airline and its promoter Vijay Mallya as wilful defaulters. A Bench of Justices Anil R. Dave and U. U. Lalit... read more »
India slips to 71st rank in global competitiveness list
Weighed down by challenging economic conditions for most part of the past year, India has slipped to 71st position – the lowest among BRICS countries – in an annual global competitiveness list, with Switzerland claiming the top spot. The annual list, released on Wednesday by... read more »
Diesel under-recovery drops to 8 paise a litre
The under-recovery on diesel for national oil marketing companies (OMCs) is down to a wafer thin 8 paise a litre, a pattern that could soon bring relief to consumers from the 50-paise-a-fortnight upward revision. On Monday, the Petroleum Planning and Analysis Cell (PPAC) of the Petroleum Ministry... read more »
Russian photojournalist killed in eastern Ukraine
Russia’s state-owned RIA Novosti news agency said one of its photojournalists has died in eastern Ukraine. Andrei Stenin went missing in early August, his whereabouts unknown. The agency’s director-general, Dmitry Kiselyov, said in a statement on Wednesday that the remains in a charred car... read more »
