CBI very close to Kalmadi’s door

The noose is gradually tightening around Suresh Kalmadi, the former Chairman of the Organizing Committee of the Common Wealth Games (CWG). With the arrest of his deputy, Lalit Bhanot , a former Secretary General of the CWG by the CBI today it is now speculated...

Kurien team wins Wipro an S&P upgrade

Global rating agency Standard & Poor’s has raised its rating and estimates on India’s number 4 IT services firm, Wipro. The better rating and estimates reflect an improvement in Wipro’s performance since a new management team under the leadership of TK Kurien took over in...

Air India passenger nos up 13% in Feb

India’s embattled national carrier Air India reported better traffic and revenue numbers for February and proceeded to set up direct import of aviation fuel. The passenger revenue during February 2012 went up 32% to Rs. 949 crores from a year ago. Total number of passengers...