ITC has dipped 9% to Rs 358 on National Stock Exchange (NSE) after the finance minister proposed to some changes in excise duty on cigarettes.

The stock has fallen nearly 13% from its record high of Rs 410 touched during intra-day trade today.

ITC has dipped 9% to Rs 358 on National Stock Exchange (NSE) after the finance minister proposed to some changes in excise duty on cigarettes.

The stock has fallen nearly 13% from its record high of Rs 410 touched during intra-day trade today.

Amid declining sales, DLF, the country’s largest real estate company, has had mounting problems since the start of this year.

Experts say it would need to urgently take some measures, including a sale of its land parcels in South India. To reduce its debt and generate cash flow, DLF plans to raise Rs 3,000 crore through divestment or joint ventures in certain projects. It is in talks with some private-equity entities for partly cashing out in some projects before their launches in 2015-16.

Air India (AI) is hiring nearly 200 pilots for its Airbus A320 planes, to meet a shortage caused by resignations, transfer of pilots to Boeing 787s and delays in training junior pilots for the rank of commander.

Government-owned AI has 60 Airbus A320 aircraft in various configurations and deploys these on the domestic network. A shortage of pilots and cabin crew is one reason for flight delays, the carrier's on-time performance being the lowest among its peers.

Weighed down by a staggering Rs 2,123-crore loss in the December quarter, Tata Motors, India’s largest automobile manufacturer, is offering a voluntary retirement scheme (VRS) to its employees to “enhance competitiveness”.

The scheme, the second in 13 months, has been extended to all categories of employees, including workmen and managerial cadres, against only to ‘white-collar’ employees the last time.

Mumbai: Tata group controlled Tata Motors Ltd, India’s largest auto maker by sales revenue, on Friday announced slew of initiatives including Voluntary Retirement Scheme (VRS) to enhance the company’s competitiveness.

The VRS is presently intended for the workmen, said the company in a release sent to BSE.

The number of people working in central public sector enterprises declined further in 2013-14, while state-run oil explorer ONGC was the most profitable PSU in the fiscal, a government survey said.

As on March 31, 2014, 290 CPSEs employed over 13.51 lakh people (excluding contract workers), compared to 14.02 lakh in 2012-13.

Ahead of the Union Budget on Saturday, FM Arun Jaitley tables Economic Survey 2015 report; economic growth in India seen at 8.5 pct in 2015-16 – indicating scope for big bang reforms.

As per the Economic Survey 2015 tabled in Parliament today, India must adhere to medium-term fiscal deficit target of 3 percent of the country’s gross domestic product (GDP).

PDP patron Mufti Mohammed Sayeed will head a 25-member cabinet, half of it from BJP, in Jammu and Kashmir and the swearing-in ceremony on Sunday in Jammu will be attended by Prime Minister Narendra Modi.

With the PDP-BJP deal sealed after ironing out differences over contentions issues like Article 370 and AFSPA, 79-year- old Sayeed, who will be sworn in as Chief Minister, met the Prime Minister today, capping two-month long hard negotiations between the two parties on government formation.

Shares of Larsen and Toubro (L&T) and Tata Power Company are trading higher between 3-4% on BSE after these companies were shortlisted for Battlefield Management System by Ministry of Defence.

At 1005 hours, Tata Power Company has surged 4% to Rs 86, while L&T up 3% at Rs 1,728 on BSE.

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