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Coming as a bolt out of the blue, the Reserve Bank of India (RBI) after a review of evolving liquidity conditions and in continuation of calibrated withdrawal of exceptional measures undertaken since July 2013, reduced the marginal standing facility (MSF) rate by a further 50 basis points from...

Kingfisher slashes salaries of trainee pilots Saturday, October 18, 2008 MUMBAI: Vijay Mallya-promoted Kingfisher Airlines on Saturday slashed salaries of its 50 trainee co-pilots as it charted ways to overcome the ongoing financial turbulence in the aviation industry. "With a view...

Citi posts loss of $2.8 bn, slashes 11,000 jobs NEW YORK: Financial services behemoth Citigroup on Thursday reported a net loss of 2.8 billion dollars for the third quarter ended September, primarily on credit-related losses and also slashed around 11,000 jobs. The American giant led by...

Apple Slashes Price of SSD-Based MacBook Air by $500 ... dropped from $300 to $200. So the price of the top of the line MBA has been dropped from $3098 to $2598. While not cheap, it's in the dang, ... More...

Private telecom operator, Tata Telecom (Maharashtra) Limited, today announced a reduction in its national long-distance (NLD) and roaming call rates on its Go One and Go Power pre-paid packs. Effective May 15, all STD (including roaming) calls on Go One and Go Power would be charged at Rs 1.50...