Business

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)

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

Manoj Sinha says that bidding rules do not apply to backhaul airwaves

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.

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.

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.

"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.

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

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

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.

Negative comments that Indra Nooyi made after the 2016 US Presidential election, during which she did not publicly endorse any candidate, are seen as a potential roadblock to her nomination.

Over the last four years the Centre has completed major reforms in the MGNREGA to transform it into a resource for sustainable livelihoods for the poor, the Union Rural Development Ministry said.

Human Resources Development Minister Prakash Javadekar said that jobs have been created, adding that people who do not work out of choice cannot be considered ‘unemployed’.

Exports rose only marginally to $27.93 billion in December, against $27.83 billion a year before, as a contraction in outbound shipments of products offset a decent increase in those of petroleum products, chemicals and electronics.

The rupee, however, declined by 13 paise to close at one-month low of 71.05 against the US dollar amid strengthening of the US dollar and surging crude oil prices.

Prabhu also emphasised on carrying out of maintenance, repair and overhaul (MRO) work domestically.

Even as India is a fastest-growing major economy in the world, the government is not satisfied with 7 to 7.5 per cent growth rate and want to break the 8 per cent barrier, he said

Disinvestment target to be met, but mostly through buybacks of shares by public sector units

Slowdown in the sector was referred to as a reason for subdued GST collections

Declining imports have narrowed the trade deficit to ten-month low of USD 13.08 billion in December 2018 as against USD 14.2 billion in the same month previous year.

Speaking to the media at the Global Aviation Summit 2019, organised jointly by the civil aviation ministry, the Airports Authority of India and Ficci, the minister also emphasised on carrying out of maintenance, repair and

The revenue department has set up an officers committee to integrate e-way bill, FASTag and DMIC's Logistics Data Bank (LDB) services, after consultation with transporters.

In the data released Tuesday, housing sales in NCR rose by 18 per cent during 2018 to 44,300 units from 37,610 units in the previous year.

USL said this move towards disinvestment of Four Seasons Wines is in line with USL's strategy to successfully continue to monetise its non-core assets, including subsidiaries.

India's economy is slowing, dragged down by reduced growth in consumer spending and weak growth in the farm sector.