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April 3: Survival test for Jewellers

  • April 3: Survival test for Jewellers

    April 3: Survival test for Jewellers

  • SpiceJet imports fuel

    A SpiceJet Boeing 737-800 aircraft is parked on the tarmac at Rajiv Gandhi International Airport in Hyderabad

    Low-cost carrier SpiceJet today said it has applied for permission from the Director General of Foreign Trade (DGFT) for import of aviation turbine fuel.

    SpiceJet is the first airline in the country to apply for approval for import of ATF, an airline spokesperson said.

    (Pictures by Reuters)

  • Supply penalty cost

    A policeman and a worker watch coal being loaded on a truck in the Mahanadi coal fields, near Talcher town in Orissa

    Coal India (CIL) may have to pay power companies between 10 and 40% of the average cost of 20% and more shortfall in supplies under new guaranteed fuel pacts the government is forcing it to sign, ministry sources said.

    The world's biggest coal miner, however, stands to gain equal levels of rewards even if it meets only 90% of its commitments under these pacts with power plants that are due to be commissioned by 2015 and generate 50,000 megawatts of power.

  • Compensation rises 11%

    A man takes a bath outside his shanty in front of the Indian national flag in Dharavi, one of Asia's largest slums, in Mumbai

    Compensation structures of India Inc will increase by 11.2% on an average according to a study by Ma Foi Randstad. The Salary Survey Guide prediction for this year is lower than 2011 figure of 12.4% average increase.

    The survey found that many organisations are considering a double-digit increase primarily because of double-digit inflation that prevailed over much of 2011, which impacted every individual.

  • Rupee touches 2-wk high

    A man wears a cap lined with fake currency notes in Chennai

    The rupee climbed to its strongest level in nearly two weeks on Tuesday, the first session of the new financial year 2012-13, bolstered by bunched dollar inflows after a three-day weekend.

    The currency, which fell 12.35% in 2011-12, was helped by improved outlook for risk taking after strong manufacturing data from the United States and China, traders said.