Business

Airtel said it is in best interest of all parties to form a “constructive mechanism” to ensure large levies are addressed in a “fair manner”.

The cap on the number of invoices will be in line with the annual turnover of the businesses, which could then be raised on basis of credit history, a senior Finance Ministry official said.

COAI on Tuesday urged a newly formed panel of secretaries to prescribe immediate relief measures to address stress situation in the telecom industry, especially after the Supreme Court’s order on adjusted gross revenue (AGR).

According to TransUnion Cibil, a leading credit information bureau, growth in credit cards and personal loans significantly outpaced increases in auto loans, home loans and loans against property (LAP).

NK Singh said the Commission was also weighing a proposal to grant incentives to those states that improve rail connectivity, “designed specifically for the promotion of exports”.

The Fed's move reduces the short-term rate it controls which influences many consumer and business loan rates to a range between 1.5% and 1.75%. 

Bids have been invited from banks, financial institutions for refinancing existing bridge loan facility worth USD 819 million.

Federal Reserve chairman Jerome Powell will likely use his press conference to communicate that message of a pause while emphasizing flexibility if the economic outlook shifts significantly.

Top gainers in the Sensex pack included Bharti Airtel, L&T, Infosys, ITC, Vedanta, HDFC Bank, Bajaj Auto, Kotak Bank and Sun Pharma rose up to 2 per cent.

Johnson & Johnson said the tests covered the bottle previously tested by the FDA and other samples from the same lot that was recalled.

In all, over 15 discoms have fallen back on their payment obligations against electricity supplied by solar and wind energy developers — the only bright spark in an otherwise sluggish electricity sector.

The e-commerce major infused about Rs 7,250 crore in its India marketplace in three tranches last year.

IndiGo’s total number of A320neo family aircraft order now stands at 730, the airline said in a statement.

Last week, Tata Motors’ board approved raising Rs 6,500 crore via preferential allotment of securities to Tata Sons.

The CCI said that there is a prima facie case for investigation against MMT-Go and OYO for alleged violation of the provisions of Section 3(4) of the Act, which deals with anti-competitive agreements.

The DGCA has given GoAir two weeks’ time to replace at least one of two low-pressure turbine (LPT) engines of the airline’s A320neos fitted with Pratt & Whitney parts.

Led by the gains in battered auto stocks, investors’ wealth, or the market capitalisation of listed firms, rose by Rs 2.73 lakh crore to Rs 152 lakh crore during the day.

It was scheduled to announce the earnings on Tuesday but in a notice to the bourses it said the same is now being deferred till November 14.

According to the RBI, the statutory inspection of the bank with reference to its financial position as on March 31, 2018, conducted by the RBI revealed non-compliance with RBI directions.

Announcing the firm order to purchase 300 more aircraft, IndiGo on Tuesday said it would be "one of Airbus' largest aircraft orders ever with a single airline operator".

Muilenburg's prepared testimony for Tuesday said that when the 737 MAX returns, "it will be one of the safest airplanes ever to fly".

The Sunil Mittal-led company said it is approaching the Department of Telecom (DoT) to seek clarity on the total amounts involved and "request for their support to deal with this adverse outcome."

This is the sharpest fall in net profit for the US-based tech giant in at least a decade. Apple India’s net profits had declined 64 per cent YoY in FY13.

Total expenses, however, fell by 0.8 per cent YoY on the back of a sharp fall of 255 basis points (bps) in the raw materials bill, allowing operating profit margins to expand 130 bps YoY.

A DGCA official said there are 16 aircraft in IndiGo's fleet in which both the Pratt and Whitney (PW) engines have been used for more than 2,900 hours.