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Retail inflation finally slips to below double digits
After staying in double digits for four months in a row, India’s retail inflation slipped to 9.39 per cent in April. In March, retail inflation was recorded at 10.4 per cent. The core consumer price...
View ArticleCPP group founder gives up takeover bid
Credit card insurer CPP Group revealed yesterday that its founder Hamish Ogston and majority shareholder, after ending takeover talks had stepped down from the board. According to the York-… [via...
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FM urges state-owned lenders to cut interest rates
As part of his efforts to stimulate consumer demand and provide a much-needed boost to the sluggish economy, Union Finance Minister P Chidambaram on Wednesday urged state-owned lenders to lend money...
View ArticleBritish credit data provider Experian to acquire Passport Health for $850 mn
British credit data provider Experian today said that it would acquire US healthcare data firm Passport Health Communications for $850 million. Experian is acquiring Passport Health from pri… [via...
View ArticleIndia?s exit polls far from reliable, underlines Credit Suisse
Underlining the often-noticed unreliability of India’s exit polls ? which on Monday evening widely predicted a clear win for the Narendra Modi-led National Democratic Alliance (See: [via Domain-b...
View ArticleICRA shares surge upon Moody?s majority stake acquisition
Indian rating agencies have been drawing interest from foreign rating agencies as well as PE investors, as they are an indirect bet on the growth in the nascent Indian corporate bond marke [via...
View ArticleNASA begins engine test project for space launch system rocket
NASA engineers have taken a crucial step in preparing to test parts of the US space agency’s Space Launch System rocket that will send humans to new destinations in the solar system [via Domain-b...
View ArticleMarans exit SpiceJet, transfer ownership to Ajay Singh
Like Kingfisher Airlines, SpiceJet too was on the brink of collapse, till help came from Ajay Singh, who helped set up the low-cost carrier in 2005 [via Domain-b Aerospace] Follow us @enterpriseheat –...
View ArticleSebi clears IndiGo’s Rs2,500-crore IPO plan
Securities and Exchange Board of India (Sebi) has approved a proposal by InterGlobe Aviation, the parent firm of no-frills carrier IndiGo, for a Rs2,500 crore initial public offer (IPO). Und… [via...
View ArticleJapanese space probe Akatsuki enters Venus orbit on second attempt
The Akatsuki space probe entered orbit around Venus after a successful last-resort plan to slow it down by igniting the probe’s attitude-control engines and using reverse thrust to the full capacity...
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