Telenor writes down $721mn India investments; ops to continue


Norwegian Telecom firm Telenor, the majority stakeholder in Uninor, has decided to write down its 4.2 billion krone (about USD 721 million) investment in the Indian joint venture following Thursday's Supreme Court o

Invest in pension plan for retirement benefits

* Name: Charan
* Job: Private employee
* Age: 40 years
* Dependants: 1
* Income: `6 lakh/year
Name changed to protect identity

Wen says China has no intention to 'buy Europe'


China's Premier Wen Jiabao said on Friday the Asian giant had neither the ability nor the intention to 'buy Europe', amid concerns over growing Chinese investm

Individual PPF limit is Rs 1 lakh

I took an education loan in 2009 to pursue higher studies. I have been paying interest since then. Can I claim the interest back according to the current scheme of interest rebate offered for the educational loan?

Celebrity take: Shraddha Das


Actress Shraddha Das is popular in Telugu, Hindi and Kannada movies.

Steps to avoid credit card debt


It is difficult to find a person, who will say no to free credit if he understands the power of compounding. Credit cards provide you free credit for approximately 50 days.

PSU banks' exposure at Rs 10,000 cr in telcos hit by SC order

Public sector banks have an exposure of about Rs 10,000 crore in the telecom companies whose licences were cancelled by the Supreme Court in connection with 2G scam.
"The public sector banks have an outstanding loan of Rs 10,000 crore...of which Rs 7,500 crore is secured (against assets)," a senior Finance Ministry official said.

Maruti Suzuki bets big on diesel models


The country's largest car-maker Maruti Suzuki will launch more diesel models to maintain its market share, which has been under pressure for months now, a top company executive has said.

RBI's Gokarn: Open market ops not aimed at helping govt


The Reserve Bank of India's choice of securities to buy in open market operations is not aimed at reducing the cost of borrowing for the government but to ensure an adequate supply of liquidit

French airline unions to go on strike next week


A four-day strike by several French airline unions, including those of pilots, would affect air traffic to and from France next week, with Air France advising passengers to get regular fli

Beleagured Kingfisher defers joining oneworld


The beleaguered Kingfisher Airlines has deferred its plans to join the oneworld alliance until it can strengthen its financial position, an official said on Saturday.

Kingfisher puts plans to join oneworld alliance on hold


Kingfisher Airlines Ltd has put on hold plans to join the global oneworld alliance, in the latest blow to the financially troubled carrier.

Airtel, Vodafone boosted by Supreme Court telecoms ruling


The Indian taxpayer may have lost billions of dollars as a result of the 2G telecoms scam. But the Indian consumer has been a great beneficiary.

Micron CEO dies in plane crash

Micron Technology's chairman and chief executive Steve Appleton died in a small-plane crash early on Friday, the company said.
Appleton, 51, head of the mid-sized chipmaker, was the only person in the plane when it crashed in Boise, Idaho, near the company's headquarters, according to local media reports.
"Steve's passion and energy left an indelible mark on Micron, the Idaho community and the technology industry at large," Micron's board of directors said in a statement.

Indian economy will grow 7-7.5 per cent in 2011-12: PM


India's economic growth will decline in the range of 7-7.5 per cent in the current financial year ending March 31 as compared to 8.4 per cent expansion in the previous