Business

The circular comes with the Government giving its approval to the levy of development fee of Rs 100 from the domestic passengers and Rs 600 from the overseas travellers.

The BSE benchmark rose 53.09 points or 0.31 per cent, to close at 17,187.34.

Ratings agency Standard & Poor's cited slow progress on its fiscal situation, as well as deteriorating economic ind

The leading operators fear that the big potential payouts will further hurt an already bleeding industry.

The BSE Sensex bounced back on Tuesday after a fall of more than 400 points in previous two sessions.

The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends.

Kingfisher Airlines, which has a debt load of $1.3 billion, has said foreign airlines have expressed interest to invest in the company.

TV Today Network shares surged on reports of the Aditya Birla Group looking to acquire 26 pc stake in Living Media.

Apple's shares were worth $633.38 last week as its stock price rose above Google's for the first time.

The airline is also expecting to close the bridge loan of $ 195 million from the domestic arm of the British lender shortly.

He also promised to reconsider the proposal to make it mandatory the use of PAN card for purchase of jewellery of over Rs 2 lakh.

Kingfisher which is neck-deep into financial problems, seems to be betting on the government's intent to allow foreign airlines to invest in the domestic carriers.

Air India said that there is no threat of any strike from any of the registered unions of its employees.

The company wants the government to adjust the higher cess rate with the fuel subsidy it bears.

The Sensex was up 165.27 points or 0.96 per cent at 17361.74, and the Nifty was up 49.75 points or 0.95 per cent at 5278.20.

Another Rs 25,000 crore of non-tax revenue is estimated from telecom spectrum in 2013-14 and 2014-15 respectively.