Business
SpiceJet Seeks Planes from Other Sources after India Grounds 737 MAX Fleet
The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India's aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this month.
Sensex Rises Over 100 Points Amid Sustained Foreign Inflow
The 30-share index was trading 119.52 points, or 0.31 per cent, higher to 38,506.27. The index began the session on a firm note at 38,452.47 and hit the session's high of 38,526.71 on steady buying by foreign funds as well as retail investors.
State Banks Want Jet Airways' Naresh Goyal to Reduce Stake to 10 Percent
Jet has more than $1 billion in debt, and owes money to banks, suppliers, pilots and lessors - some of whom have started terminating leases with the carrier.
As L&T Shocks IT Industry With Hostile Takeover of Mindtree, Here's What it Means
After L&T signed a deal to acquire 20.3 per cent shares of Mindtrees’s lead investor VG Siddhartha on Monday, the IT firm’s top management reflected on the potential negative consequences to corporate culture, client relationships and employee retention i...
Jet Airways Grounds 4 More Planes for Non-payment of Lease Rentals
According to the company, as mentioned earlier, it is actively engaged with all its aircraft lessors and is regularly providing them with updates on the efforts taken to improve the liquidity.
State-run MSTC Extends IPO Closure, Revises Price Band
The IPO, expected to raise as much as 2.26 billion rupees, was 1.12 times subscribed, stock exchange data showed on Friday.
Pak Airspace Closure May Push IndiGo to Take Doha Stop for Debut Delhi-Istanbul Flight
On January 25, IndiGo, India's largest carrier in terms of domestic market share, announced it would operate daily non-stop planes between Delhi and Istanbul from March 20, with A321 aircraft.
Bharti Airtel Arm Applies for In-flight Connectivity Licence
Last month, Hughes Communications India (HCIL) became the the first company to be granted the in-flight and maritime connectivity (IFMC) licence in the country by the Telecom Department.
Thai Small and Medium Enterprises Scout Opportunities in India
Thai low-cost airlines, NokScoot and Thai Smile, are two new air carriers that connect the two countries following a bilateral agreement.
RBI Says No Data on Demonetised 500, 1,000 Notes Used at Petrol Pumps
On November 25, 2016, the exchange of old notes was stopped and the government allowed the use of only old 500 rupee notes at these utilities till December 15, 2016.
High Value Cars, Jewellery to Become Cheaper as TCS to be Excluded in Computing GST
The CBDT has clarified that TCS is not a tax on goods but an interim levy on the possible "income" arising from the sale of goods by the buyer and to be adjusted against the final income-tax liability.
Reliance Capital Plans to Reduce Debt by Rs 10,000-12,000 Crore in 3-4 Months
In a release, the company Thursday said it would monetise 43 per cent of its stake in Reliance Nippon Life Asset Management (RNAM) and 49 per cent shareholding in Reliance General Insurance Company Ltd (RGICL).
Nomura Sees GDP Growth Target Below 7% in 2019-20
The report said consumption stimulus in the budget is likely to add 0.4 percentage points to GDP growth, but the cut in public capital expenditure will shave off 0.2 percentage points.
Govt Reject’s Trump’s Tariff King Barb, Says India's Import Duties Within WTO Norm Limits
US President Donald Trump had claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products like Harley Davidson motorcycles.
Sensex, Nifty Open Positive Ahead of F&O Expiry; Airtel, Infosys Among Major Gainers
The 30-share index was trading higher by 81.45 points, or 0.23 per cent, to 35,986.88. The gauge had lost 308 points in the previous two sessions.
Delhi's Per Capita Income Three Times the National Average: Economic Survey
The per capita income of Delhi at current prices during 2018-19 is estimated at Rs 3,65,529 as compared to per capita income of Rs 1,25,397 at national level.