Business
SEBI Mulls Reducing Rights Issue Listing Time, Likely to Come into Effect in July
SEBI had cited mitigating external risks such as market volatility and uncertainty of financial markets as the reason behind the move.
AirAsia to Launch Mumbai-Kolkata Daily Flight From April 15
The introduction of Mumbai-Kolkata route comes close on the heels of AirAsia India adding eighth additional flights to its network of 19 destinations.
Sensex Hits 6-month High; Surges Over 260 Points to Reclaim 38,000-mark
During the week, Sensex surged 1352.89 points, or 3.68 per cent; while Nifty climbed 391.89 points or, 3.54 per cent.
Rupee Closes at Seven-Month High Against US Dollar on Robust Foreign Inflows Ahead of Polls
The domestic currency in the four sessions to Thursday has appreciated by 80 paise or 0.8 per cent on hopes of forex inflows.
Since You Aren't a Sadhu Anymore, Start Thinking About Money, SC Tells Former Fortis Promoter
Shivinder and his elder brother Malvinder Singh had been called upon by a bench headed by Chief Justice of India Ranjan Gogoi in connection with a contempt plea moved by Daiichi Sankyo.
'Challenging Day': SpiceJet May Cancel 30-35 Flights Today After India Grounds Boeing 737 Max 8 Aircraft
Lifting the ban on the aircraft will be based on inputs from various agencies and it will not happen soon, Directorate General of Civil Aviation (DGCA) chief BS Bhullar said.
Industrial Growth Slows to 1.7 Per Cent in January
Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 7.5 per cent in January 2018.
DGCA to Issue Safety Instructions After Ethiopia Crash, China and Indonesia Ground Boeing 737 MAX Planes
With full-service carrier Jet Airways and budget airline SpiceJet operating 737 MAX planes, the DGCA had decided to seek information about the aircraft from Boeing as well as the two domestic carriers.
Sebi Seeks Powers to Grant Immunity, Impose Lesser Penalty in Lieu of Assistance in Probe
On the proposal regarding power to grant immunity, Sebi is of the view that such powers currently lies only with the central government.
Sensex Falls Over 100 Points, Nifty Plummets by Almost 20 Points on Weak Global Cues
Top losers in the Sensex pack in early session include Tata Motors, HCL Tech, Vedanta, Infosys, ONGC, Tata Steel, Hero MotoCorp, Maruti, Asian Paints and RIL, falling up to 2.30 per cent.
Cabinet Approves Creation of SPV for Air India Divestment
The government has been working on ways to revive the fortunes of Air India, which is estimated to have a debt burden of Rs 55,000 crore.
India's Economic Growth Slows to 6.6 Percent in October-December Quarter: Govt
This is the slowest rate of GDP expansion recorded since the quarter ended September 2017, and lower than economists' estimate.
Adani Group Wins Bid for Guwahati Airport, Day After Winning Bid for 5 Other Airports Put up for Privatisation
The diversified Adani Group, which has interests in ports, shipping, power and other key infrastructure with $11 billion annual revenue, would be entering airport sector bagging a 50-year contract to run the six airports.
A Year After India's Biggest Bank Fraud, PNB on Road For Annual Profit
State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec. 31 as it completed setting aside funds to cover for the scam and its bad loan levels eased.
Jet Airways Likely to Get Over Rs 3,000 Crore Funds
Together, the fresh funding for the airline would amount to about Rs 3,400 crore and Naresh Goyal's stake could reduce to 20 per cent from 51 per cent at present, sources said.
Six Airports’ Privatisation: AAI Receives 32 Technical Bids From 10 Companies
AAI will open the financial bids on February 25. The winning bids will be announced on February 28.
