Business News
PTIMar 14, 2018
The Minister of State for Civil Aviation said that the government is working on steps such as developing new greenfield airports and skilling manpower to achieve this target.
Adil AkhzerMar 14, 2018
34 flights likely to operate from Chandigarh airport this summer Subscriber Only
Currently, 30 flights are operating at the airport. Meanwhile, IndiGo’s morning flight to Delhi (6E455) will remain cancelled on Wednesday.
PTIMar 14, 2018
Between April and November, the bank had netted a windfall of Rs 1,771.67 crore, more than its second quarter profit, from customers for non-maintenance of minimum balance
PTIMar 14, 2018
The move will benefit 8 million cotton growers, but will reduce the margin of domestic seed companies and also MMBL. The new prices will come into effect from the 2018 kharif season starting June.
George MathewMar 14, 2018
The RBI, in a notification to all banks, said it has decided to discontinue the practice of issuance of LoUs and letters of comforts (LoCs) for trade credits for imports into India by banks with
Avishek G DastidarMar 14, 2018
Operating Ratio is the indicator of the amount of money spent to earn every Rs 100; the lower the better. A 100 per cent Operating Ratio denotes zero financial viability in business and signals an
ENS Economic BureauMar 14, 2018
The World Bank is expected to announce the new appointment after the annual spring meetings of the International Monetary Fund and World Bank that are scheduled to be held in Washington, DC, on April 20-22.
ENS Economic BureauMar 14, 2018
This takes the fraud amount, as per the CBI, in both cases involving Choksi and his nephew Nirav Modi to above Rs 13,580 crore.
ENS Economic BureauMar 14, 2018
The bank has been collecting around Rs 220 crore every month from customers for non-maintenance of monthly balance since April 2017, leading to protests from customers.
Pranav MukulMar 14, 2018
TRAI chairman RS Sharma interview: ‘Our decisions are technology agnostic and in consumer interest’ Subscriber Only
RS Sharma said that the regulator cannot conduct a prior analysis of its decisions in terms of which party is it going to benefit. He also pointed out that market forces and competition could weed
Deepak PatelMar 14, 2018
Vacant Land with SEZs: Optimisation plan in the works Subscriber Only
The commerce ministry has requested 7 states to jointly work with SEZ developers to resolve the issue in the next two years. Meanwhile, the Supreme Court is hearing a plea for returning such land to
ENS Economic BureauMar 14, 2018
The company will also sell 10.20 per cent of its equity through an offer-for-sale route which will hit the market on March 16.
PTIMar 13, 2018
Retail inflation slowed for the second consecutive month to 4.4 per cent in February from 5.1 per cent in January and 5.2 per cent in December, easing fears of rate hike by the RBI.
PTIMar 13, 2018
Minister of State for Corporate Affairs P P Chaudhary informed the Rajya Sabha that "there does not seem to be any reduction" in submission of resolution plans after enactment of the Ordinance.
PTIMar 13, 2018
Diamond merchant Nirav Modi is allegedly the key person behind the Rs 12,700 crore scam at the Punjab National Bank. Modi, his associates and related companies are under the regulatory scanner.
PTIMar 13, 2018
During July-December 2017, Rs 4,130 crore has been released as compensation to Karnataka, followed by Rs 2,838 crore to Punjab, Rs 2,532 crore to Gujarat, Rs 2,119 to Bihar, Rs 1,911 crore to Rajasthan and
PTIMar 13, 2018
Overseas, most Asian stocks ended mixed and European equities opened sightly up as investors awaited release of the US inflation data later in the day for clues on the pace of US Fed rate hike,
PTIMar 13, 2018
The Rs 13,000-crore scam at the Punjab National Bank (PNB) featured prominently in many commentaries, with the analysts saying that it may hurt the recovery efforts underway in the economy.
PTIMar 13, 2018
The stock was the worst hit among the bluechips on both Sensex and Nifty during the morning trade.
BloombergMar 13, 2018
Airbus A320Neo jets with faulty Pratt engines grounded by DGCA: All you need to know Subscriber Only
The snags with the engines have led to repeated grounding of airplanes in India. IndiGo had taken at least seven of its jets out of action by July last year, awaiting a fix for the
BloombergMar 13, 2018
Tata to sell $1.25 billion stake in TCS to pay debt Subscriber Only
Tata Sons was offering 28.27 million shares of Asia’s largest software developer, or about a 1.48 percent stake, after the market close Monday. The company was reportedly planning to sell the shares at 2,872 rupees
PTIMar 13, 2018
The dollar gains against most major global currencies overseas limited the gains for the domestic unit.
Express Web DeskMar 13, 2018
Charges for non-maintenance of average minimum balance in SBI saving accounts in metro and urban centres have been reduced.
PTIMar 13, 2018
Sectoral indices led by consumer durables, capital goods, realty, bankex, oil & gas, PSU, FMCG, healthcare and auto were trading in the green, rising up to 0.66 per cent.
BloombergMar 13, 2018
Donald Trump’s order came as Broadcom was in the midst of moving its headquarters from Singapore to the US Broadcom had announced the move in November after Tan met with Trump at the White House.
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