Business

Kingfisher crisis: No ground for government bailout

It is difficult to understand the civil aviation ministry’s keenness to bail out the debt-ridden Kingfisher Airlines (KFA). By requesting the finance ministry to tell banks to restructure KFA’s debt, Civil Aviation Minister Vayalar Ravi has needlessly made the Union government a stakeholder in the issue. This also sets a dangerous precedent. For instance, if […]

Business

Experts differ on future trajectory of gold prices

MUMBAI : Gold will witness further bullishness and prices are expected to cross Rs 29,000-30,000 per 10 grams by Diwali, according to the Bombay Bullion Association. “We expect gold prices to shoot up to Rs 29,000-30,000 per 10 grams by Diwali due to local demand,” Bombay Bullion Association President Prithviraj Kothari said. The metal is […]