Business News
Over Rs 4.2K crore I-T filing & processing centre gets nod
After bidding, Infosys has been selected to implement the project
Top Stories
Latest News
Startups: Govt eases process to seek tax exemption on angel fund investments
Notably, entities requesting tax exemptions still need to provide a justification for valuation of shares “along with supporting documents”.
Bids invited from banks, ARCs & NBFCs: State Bank of India to sell Essar Steel assets worth Rs 15,341 crore
The SBI move follows the banks’ decision to seek release of assets of former chairman of the now-defunct Kingfisher Airlines, Vijay Mallya, attached by the Enforcement Directorate at the PMLA (Prevention of Money Laundering Act) Court to recover their dues “immediately”.
Delhi Airport to levy baggage screening charges from February 1
AERA has allowed DIAL to levy an x-ray baggage charge, ranging from Rs 110 to Rs 880 per aircraft flying on domestic routes and from $149.33 to $209.55 on international flights
Allegations over allocation of microwave spectrum baseless: Telecom Minister Manoj Sinha
Manoj Sinha says that bidding rules do not apply to backhaul airwaves
Delhi airport operator DIAL to levy X-ray baggage charges from Feb 1
With the decision, air passengers flying out from the Delhi airport would have to shell out up to Rs 50 as airlines are expected to pass on the X-ray baggage charges.
SBI, stakeholders working on resolution plan; no decision yet: Jet Airways
In a statement, the airline said a resolution plan that contemplates various options, including a proportion of equity infusion by various stakeholders and the consequent change in the company's board, is being worked out.
RBI slaps Rs 1 crore fine on Bank of Maharashtra
This penalty has been imposed taking into account the failure of the bank to adhere to directions issued by the RBI, the central bank said in a statement.
Govt to infuse Rs 6,000 crore in Exim Bank over two years
"Cabinet approves recapitalisation of Export-Import Bank of India (Exim Bank) to the tune of Rs 6,000 crore and increase its authorised capital from Rs 10,000 crore to Rs 20,000 crore," he said.
Etihad proposes to invest in Jet Airways at 49 per cent discount – report
Jet Airways has been roiled by financial difficulties, racking up a pile of dues to pilots, lessors and vendors, at a time when intense pricing competition, a weak rupee and rising fuel costs are weighing on the broader airline sector in the country.
Sensex jumps 100 points, Nifty reclaims 10,900 mark; Rupee at 70.92 against USD
In the morning session Wednesday, the biggest gainers in the Sensex pack were IndusInd Bank, NTPC, SBI, Reliance Industries, ICICI Bank, Vedanta, Axis Bank, Tata Steel, PowerGrid, ONGC and Infosys, rising up to 1.35 per cent.
Nissan plans to file for damages against Carlos Ghosn: report
On Tuesday, a Tokyo court denied Carlos Ghosn's request for release on bail, raising the possibility that he may remain in custody for months before his trial begins.
