Terms of the day

NII- Net Interest Income

NPA- Non Performing Assets

BIFR- Board of Industrial and Financial Reconstruction

ICOR- Incremental Capital Output Ratio

CCEA- Cabinet Committee on Economic Affairs

LTI- Long Term Incentives

ICAI- Institute of Cost Accounts of India

CIBIL- Credit Information Bureau of India Limited

CPCB- Central Pollution Control Board

PPP- Public Private Partnership

Nasscom Global Leadership Awards

                               The National Association of Software and Services Companies (NASSCOM)

Nasscom Global Business Leader- Kumar Mangalam Birla, Chairman, Aditya Birla Group

Business Transformation Leader- Paul Coby, IT Director, John Lewis

Global CTO- Padmasree Warrior, Cisco

Innovative Leader Award- Darcy Antonellis, Warner Bros

Today's highlights

Delhi airport is global No 2 in number of passengers handled

The Indira Gandhi International Airport in Delhi has moved to the second spot in the global ranking of airports handling 25-40 million passengers annually. Incheon airport in Seoul, South Korea continues to hold the number one position. This was revealed in the 2011 survey done by the Airport Council International (ACI). ACI has 580 members operating 1650 airports in 179 countries.

Rate rise cycle at its peak: RBI

RBI Deputy Governor Dr Subir Gokarn said, inflation falling to a 26 month low of 6.55 % is in line with its expectations and strengthens the belief that the policy rate cycle is at its peak.


India has moved the World Trade Organisation’s (WTO) Dispute Settlement Body against Turkey over the latter’s safeguard measures on cotton yarn imports.

GoAir  inks $7.2 billion engine deal with Pratt & Whitney.

Apex bank of Sri Lanka- Central Bank of Sri Lanka