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Biggest business stories this week

06-02-2015

Tuesday

RBI kept benchmark rates unchanged in its monetary policy (More here)

Petrol price was cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre, in step with a fall in international oil prices. (Full story here)

Wednesday

Confident Spicejet launched Valentine's-Day offer: One-way ticket for Rs 1,599 (Details HERE)

Thursday

Airfare war heated up the next day as Indigo announced Rs 1,499 offer to take on SpiceJet (Read more HERE)

In a mysterious turn to the Sahara-Mirach Capital deal, Bank of America refuted claims of it being the banker for $2-billion financing package offered to the group by a US-based entity. (Details here: Mysterious turn to Sahara's $2-bn deal; Bofa says not a banker)

Friday

The next day, Sahara declared war on Mirach Capital Group, saying it would initiate legal action against it.

Jet Airways announced a low fare offer with fares starting from Rs 1,599 taking on its rivals (Full story: Jet Airways Launches Cuts Fares to Take on IndiGo, SpiceJet

US-based outsourcing firm iGATE has been slapped with yet another sexual harassment suit by an ex-employee, claiming that she was sexually abused by the firm's Legal Head and her supervisor. (More here)

The BSE benchmark Sensex ended lower on Friday, marking its sixth consecutive day of losses (Read the report here)

GDP data for the Oct-Dec quarter, using a revised framework, CPI data and Delhi polls among the factors likely to affect markets in the coming week. Read all about it here.

Saturday

GoAir joins the fare wars; carrier matches price cuts announced by IndiGo, Jet Airways and SpiceJet. For more details, click here.

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