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Jet to buy 26% stake in JV with Malaysian Airlines
The Board of Directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.

A flat end to a choppy day
It was another lacklustre day of trade. The markets oscillated between either side of the dotted line before ending virtually unchanged. The Sensex closed at 16,894,lower by 18 points and the Nifty ended flat at 5041. Realty and energy stocks were in the doldrums, while consumer durables and pharma stocks looked up.

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Credit the Swiss
Credit Suisse bonuses: Credit Suisse seems to think the best form of defence is attack. The banking industry is facing heavy criticism over bonuses. In response, the Swiss group is the first to set out the details of a new compensation structure, upholding a recent tradition of forward thinking on pay.
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Railways' earning up 6% during Apr-Sept

The Indian Railways has posted over 6 per cent increase in earnings during the first half of the current financial year and registered a growth of over four per cent in passenger bookings. - Mamata warns Bengal government not to use UAPA against intellectuals - Mamata blasts Cong on Siliguri episode - Congress wins Siliguri mayor's post with Left support - Rlys to run special trains - Rlys arranging special trains for stranded air passengers - Howrah-Mumbai Duranto Express begins inaugural run The PSU behemoth, between April and September, earned Rs 40,910 crore against Rs 38,358 crore during the corresponding period last year, marking an increase of 6.65 per cent. Of the total earnings, Rs 27,631 crore came from the total goods transported (an increase of 5.84 per cent), while Rs 11,573 crore came from passenger traffic ( an increase of 7.61 per cent), a Railway Ministry official said. Revenue earnings from other sources amounted to Rs 1,115 crore during this period as compared to Rs 956 crore during the same period last year, reflecting an increase of 16.60 per cent. The total number of passengers who bought tickets during the period was 3.6 billion, up from 3.5 billion — an increase of 4.50 per cent. In the suburban and non-suburban sectors, the number of passengers who bought tickets was 1.8 billion and 1.7 billion respectively.


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