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Business Briefs 16-07-2011

Jet fuel price hike Citi profit Sahara case UBI rate RBI move

The Telegraph Online Published 16.07.11, 12:00 AM

Jet fuel price hike

New Delhi, July 15: State-owned oil firms today raised jet fuel or ATF price by a marginal Rs 78 per kilolitre with effect from midnight tonight. ATF in Delhi will cost Rs 56,324.79 per kl, an increase of Rs 77.93 per litre from Rs 56,246.86 per kl. In Mumbai, it will cost Rs 57,031.66 per kl against Rs 56,964.01 per kl.

Citi profit

New York, July 15: Citigroup today posted a 24 per cent jump in net profit at $3.34 billion for three months ended June, primarily driven by lower credit costs and improved showing in the investment banking segment.

Sahara case

New Delhi, July 15: The Supreme Court has directed Sahara India Real Estate Corp to approach appellate tribunal SAT against Sebi, which asked it to return within three weeks the money raised through an OFCD scheme.

UBI rate

Mumbai, July 15: The United Bank of India today hiked its lending rate by 25 basis points, a move set to make auto, home and corporate loans more expensive.

RBI move

Mumbai, July 15: The RBI has directed all foreign entities, including non-government organisations and news agencies, operating in the country through branch offices to obtain clearance from it within three months.


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