April 20, 2018 2:23:33 am

This includes conducting regular briefing sessions with pilots, personnel engaged in engineering, operations, owners/operators of helipad and chartering agencies, etc about the relevant rules and regulations laid down by the DGCA and the Ministry of Home Affairs.

Air India passengers will now have to pay extra for choosing middle seats
April 20, 2018 2:18:46 am

Domestic carriers IndiGo and Jet Airways have indicated they won’t be bidding for the state-run carrier unless the current bidding conditions are changed.

At 98.5 per cent, Railways may clock its worst-ever operating ratio in 2017-18
April 20, 2018 7:28:24 am

This would be the worst ratio since 2000-01, when it was 98.3 per cent, which was previously the worst-ever for the national transporter. The figures will be communicated to the Controller General of Accounts.

April 20, 2018 1:34:16 am

"RBI Governor has made a statement that there is adequate printing of currency notes. Then where have the currency notes gone? Why they are not ensuring that banks have enough cash to meet the requirements of customers," AIBEA said.

April 20, 2018 1:29:11 am

Legal experts opined that since the SC has ordered a status quo, it will examine the case and decide the future course of action.

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April 20, 2018 1:24:38 am

The bench comprising judges Manorama Kumari and HP Chaturvedi admonished the CoC and resolution professional (RP) Satish Kumar Gupta for not following due procedures by not providing “sufficient chances” to both the resolution applicants.

April 20, 2018 1:18:50 am

Customer can use SBI and any other bank debit card to withdraw cash up to Rs 2000 in Tier 3 to 6 and up to Rs1000 in Tier 1 & 2 cities per card per day presently without any charges, said Neeraj Vyas, DMD and Chief Operating Officer, SBI.

Finance Ministry on Air India bid
April 20, 2018 1:11:52 am

The government feels the RBI’s February 12 circular could pose “serious problem” for industry and banks, and it wants the default timeline at 30 days of payment for principle/interest not being made by the borrowers.

Rupee sags to 13-month low
April 19, 2018 8:27:47 pm

The RBI, meanwhile, fixed the reference rate for the dollar at 65.7837 and for the euro at 81.3876. The dollar index, which measures the greenback's value against a basket of six major currencies, was up at 89.31. 

TCS bets on Business 4.0 to push digital revenue to over $5billion this year
April 19, 2018 7:49:54 pm

The company had reported a net profit of Rs 6,608 crore in the same period last fiscal, TCS said in a regulatory filing.

RBI minutes: Urijit Patel, most MPC members in favour of more data before changing policy stance
April 19, 2018 7:35:40 pm

The six-member Monetary Policy Committee (MPC), headed by RBI governor Urijit Patel, had left the benchmark repo rate unchanged for the third time in a row after deliberations on April 4-5

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April 19, 2018 7:16:54 pm

Privatisation has not always worked well, and ownership does not matter as there are both good and bad companies in both private and public sectors, SBI Chairman Rajnish Kumar said.

While the Directorate General of Civil Aviation has initiated a probe into the incident, Air India is yet to issue any statement. (Representational)
April 19, 2018 6:22:36 pm

As per the bid document, bidders would be required to have a minimum net worth of Rs 5,000 crore and should have posted profit after tax (PAT) in three of the previous five financial years from the Expression of Interest (EoI) deadline.

Sensex rises over 100 points, rupee sheds 15 paise against US dollar
April 19, 2018 10:48:57 am

The NSE Nifty was up 42.70 points, or 0.40 per cent, at 10,568.90 in early trade.

April 19, 2018 10:28:31 am

Zane Rowe would help Uber move closer to an IPO, which could happen as soon as late 2019.

cash crunch in India
April 19, 2018 5:02:25 am

Officials said that re-calibration of ATMs to fit Rs 200 notes has been slow due to inadequate supply of these newly introduced notes.

ATMs in some states still out of cash
April 19, 2018 7:15:27 am

The SBI report, which estimates the shortfall at Rs 70,000 crore — a third of the monthly ATM withdrawals — says that declining income velocity indicates that the Rs 2,000 note isn’t getting adequately circulated in the economy.

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April 19, 2018 3:38:09 am

The tribunal had restrained the accused and 62 others associated with them from removing, transferring or disposing of funds, assets and properties of entities and individuals.

Govt changes nominee on ICICI Bank board
April 19, 2018 3:32:49 am

The CBI has registered a preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others, CBI said.

April 19, 2018 3:13:16 am

Earlier this month, RBI raised the debt investment limits for FPIs across all segments, including G-secs, allowing cumulative increase of over Rs 1 lakh crore through FY19.