Business

Speaking at Airbus Innovation Days 2019 here Wednesday, the company’s chief technology officer Grazia Vittadini pointed out that full scale jet propulsion using electric is not feasible.

The note comes as the NDA government ends its current term and attempts to refute issues raised with UDAY’s performance and arguments that it has worsened state finances.

The plunge in the profit can be attributed to higher provisions made by the bank on account of its exposure to IL&FS.

On the asset quality front, the bank’s gross non-performing assets (NPAs) fell to 9.61 per cent of the gross advances at the end of March 2019, against 12.26 per cent by March 2018.

Care Ratings recently downgraded DHFL’s fixed deposit programme worth Rs 20K cr from ‘A’ to ‘BBB-’.

Tribunal is hearing NSE’s petitions challenging orders of Sebi, which imposed a regulatory fine on the exchange.

The prototype of offline tool of new return is an interactive demo for stakeholders to see various functionalities and give their feedback on the same, before it goes live.

The ED team in Mumbai, searched the offices and residences of Shahzaad Dalal, Rajesh Kotian, Manu Kochhar and Mukund Sapre at Nariman Point, Khar, Bandra and Goregoan in suburban Mumbai. 

At the interbank foreign exchange, the domestic unit opened higher at 69.70 and further went to touch the day's high of 69.62. The local currency, however, pared gains to finally settle at 69.66, registering a

On the BSE, the airline's scrip rose 8.59 per cent to Rs 163.70. The stock gained 8.61 per cent to Rs 163.85, on the NSE.

Top Sensex gainers in morning trade include Sun Pharma, Bharti Airtel, ICICI Bank, RIL, HDFC twins, Tata Motors, ONGC, Infosys, Maruti and Kotak Bank, rising up to 1.38 per cent.

The sweltering heat in the summer will no longer burn a big hole in your pocket. Carrier’s Inverter AC with flexi-cool technology offers best-in-class cooling, helping you to maintain the required temperature in your room.

Senior advocate Kapil Sibal appearing on behalf of Standard Chartered Bank, a secured creditor of Essar Steel, said ArcelorMittal should not be allowed to add working capital to brighten up its final resolution plan.

Total wireless subscribers declined from 1,183.68 million at the end of Feb-19 to 1,161.81 million at the end of Mar-19, thereby registering a monthly decline rate of 1.85 per cent, says Telecom Regulatory Authority of

Opening on a bullish note, the BSE Sensex marked its life-time high of 39,571.73 in the early trade and the NSE Nifty too hit its record high at 11,883.55 in opening deals.

The draft notification, put in public domain for comments till June 5, includes a new 8 page Form 10B as against existing 3 page form.

Sources said Hinduja Group is evaluating investment in partnership UAE-headquartered Etihad Airways, which is already a major shareholder in Jet Airways.

The decision, which was taken at the meeting of the Central Board of the RBi in Chennai on Tuesday, follows a series of events including the IL&FS defaults, ICICI Bank loan issue, Punjab National Bank

Tech Mahindra President, India Business and Corporate Affairs Sujit Baksi said the order further cements the company's role as one of the leading system integrators globally.

As per the latest circular, the regulatory body is soon expected to revise the Motor Third Party insurance premiums for the current financial year 2019-20.

This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.

On Monday, the company reported a 49 per cent decline in March quarter 2019 results at Rs 1,108.66 crore.

Muthoot Finance will target customers in the age group of 24-58 years and working in private, state and central government jobs to avail personal loans for 1-5 years.

Jet Airways, once the biggest private carrier in the country, owes vast sums to its lessors, employees, fuel suppliers and other parties. It stopped all flights from April 17 after its lenders refused to give

Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West.