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Mukesh caps salary at Rs 15 crore

MUMBAI: Reliance Industries chief, Mr Mukesh Ambani has capped his salary for the second straight year at Rs 15 crore, less than half of what he is eligible to draw, while rest of the RIL top brass got a pay hike in FY10.

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Survey for POSCO steel plant begins

BHUBANESWAR: The much-awaited survey work for 12 MTPA mega steel plant proposed by South Korean steel major POSCO near Paradip in Jagatsinghpur district commenced on Tuesday.

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Gold soars to new record

NEW DELHI: Gold prices soared to an all-time high of Rs 18,660 per ten grams in the national capital on Tuesday on aggressive buying by stockists and jewellers for the ongoing marriage season amid a firming global trend.

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Minimum death benefits on ULIP pensions

By Tensing Rodrigues
I have read recently that IRDA has prescribed that all ULIP pensions and annuity products should carry a minimum sum assured payable on death. Will that not make sure that ULIP Pensions are not sold in place of MFs? — Anthony Lacerda

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PM promises steps to tame inflation to 5-6% by Dec

NEW DELHI: With his government under attack over high prices, the Prime Minister, Dr Manmohan Singh on Monday said inflation would come down to 5-6 per cent by December and projected an 8.5 per cent economic growth for this fiscal.

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Air Arabia to operate two additional weekly

PANAJI: In response to increasing seasonal demand for low-cost services to Goa, Air Arabia has announced that it will now offer five weekly flights between the carrier’s hub in Sharjah, UAE, and Goa.

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