The Troubled Rupee
The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets. Full Article
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India to ask for Lufthansa help in joining airlines alliance
NEW DELHI |
NEW DELHI (Reuters) - India plans to ask Germany's Lufthansa AG (LHAG.DE) to help Air India AIN.UL join Star Alliance, Civil Aviation Minister Ajit Singh said on Tuesday, as it renews its push to become a member of the airlines network after failing to do so last year.
Both Air India and market leader Jet Airways (JET.NS) can become members of Star Alliance at the same time, he added.
(Reporting by Anurag Kotoky; Editing by G.Ram Mohan)
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