economy

This category contains 16 posts

Yes, the Ambanis have a bank account

Mumbai : Both Mukesh Ambani and Anil Ambani have denied the allegations levelled by Aam Aadmi Party convenor Arvind Kejriwal about the brothers having Swiss Bank accounts with HSBC. In separate press releases, the Ambanis have charged Kejriwal with getting the details wrong. Tenali Rama has learnt that it is not HSBC but another bank … Continue reading »

Scam is in the air

New Delhi : This may well turn out to be the Mother of all scams. According to a latest CAG report, the country could have lost trillions of rupees since independence because of the failure of successive governments to auction or tax the most important natural resource: Air. Using a complex set of formulae, the … Continue reading »

India to get rid of hand-to-mouth existence

New Delhi : The Government of India has taken note of Oprah Winfrey’s comments on the Indian way of life during her visit to Mumbai. The popular chat show host had expressed surprise that people in India still ate with their hands. On the sidelines of the dinner hosted by Prime Minister Manmohan Singh on … Continue reading »

Hafiz Saeed criticises UPA for petrol price hike

Islamabad : Lashkar-e-Toiba founder Hafiz Saeed has severely criticised the Indian government’s decision to hike the price of petrol by Rs. 7.50. According to intercepts picked up by RAW, Saeed, who is most wanted in India for the 26/11 terror attack, has said the sharp increase will result in an additional annual burden of 8 … Continue reading »

Infosys to buy Greece, Murthy to be President

Greece, the European country reeling under sovereign debt crisis, has found a saviour in Infosys, India’s leading IT company. Infosys has offered a conditional bailout of the economically challenged nation by using its excess cash on the balance sheet. Sitting pretty with close to $4 billion cash, Infosys will pay Greek debtors and sovereign debt servicers … Continue reading »

`Poorathon’ to help poor in India earn more

New Delhi : A new survey by the National Sample Survey Office for the year 2009-10 has revealed that more than 60 per cent of the population in rural India lives on less than 35 rupees a day, while the same number of people in urban India live on less than 66 rupees a day. … Continue reading »

Turbulent weather over an ad

Mumbai : The Congress has severely criticised the new Indigo Airlines ad that it says, “brings bedroom talk on to the roads”. Articulating the party position, spokesperson Abhishek Manu Singhvi said, “Five quick points. It says Indians should sleep with their wife, thereby suggesting that at the moment, they do not. Two, in a country … Continue reading »

Vijay Mallya’s presentation to the DGCA

New Delhi : Last week, Kingfisher Airlines Chairman Dr Vijay Mallya made a presentation to the DGCA on the financial health of his airline company. Mallya admitted that his airline was deep in the red but he attempted to paint a rosy picture. Tenali Rama has learnt that the government body was not particularly impressed … Continue reading »

Rahul Gandhi to visit `poor’ Kingfisher employees

New Delhi : The number of people below the poverty line has risen by 7000 in the first three months of 2012. Disclosing this at a press conference, Deputy chairman of the Planning Commission, Montek Singh Ahluwalia said it was distressing that all of them belonged to the same company – Kingfisher Airlines. “It is … Continue reading »

Mallya Jr takes on another Didi on Twitter

Kolkata : The twitter timeline was buzzing on Sunday with angry tweets by a passenger from Kolkata. Miss Mamata Banerjee tweeted furiously, complaining how her sister could not travel to Delhi and missed an important meeting because Kingfisher on which she was booked, cancelled all its flights in and out of Kolkata. “Dhis is nat … Continue reading »

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