Business

Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.

Forex dealers said that apart from weakness in the dollar against some currencies overseas, increased foreign fund inflows and a higher opening in the domestic equity market, supported the rupee

Key barometer Sensex on Thursday trumped all closing records by hitting 30,750 with a jump of 448 points -- its biggest single-day gain in over two months -- after the US Fed signalled that it will wait for more data for a rate hike.

The Adani group may walk away from its $16.5 billion Carmichael coal project if the confusion regarding royalties payments is not resolved by the Queensland state government, Bloomberg News reported, citing Australian Federal Resources Minister Matthew Ca...

The dollar held firm on Wednesday, having rebounded from 6-1/2-month lows against its major peers helped by a rise in US Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt.

Global cues were negative after at least 22 people were killed and 59 injured when a suicide bomber blew himself up in Manchester -- the deadliest terror attack in the UK since the 7/7 bombings of 2005.

Consequently, the people are required to wait in queues for long periods unnecessarily, the apex bank said, adding this happens despite providing additional counters to the maximum extent possible for the purpose.

Overtaking imports, India's steel exports jumped by 142 percent in April to 0.747 million tonnes (mt) as compared to 0.308 mt in the same month last year, said a Steel Ministry report.

Stating that SBI had changed its earlier stand from charging for transactions made through ATM to levying a charge for transactions through e-wallet, he said SBI had also planned to impose charges on exchange of soiled notes.

The rupee made a comeback early on by recovering 14 paise to 64.49 against the dollar at the Interbank Foreign Exchange on Thursday after fresh selling of the US currency by exporters amid foreign fund inflows and a higher opening in the domestic equities...

A complex web of 393 shell companies used for allegedly diverting funds unscrupulously to the tune of Rs 2900 crore has been unearthed by the CBI during its probe into such cases over the last three years.

Banganapalle mangoes are renowned for its sweetness and have been grown for over 100 years in the state. It also known as Beneshan, Baneshan, Benishan, Chappatai and Safeda.

With the launch of the new flight from May 10, the capital city of the Maldives will be connected to two destinations in Kerala -- Kochi and Thiruvananthapuram, an airline official said.

The much-awaited Real Estate Act comes into force from Monday but only 13 states and UTs have so far notified rules under the Act which Union Minister Venkaiah Naidu said will enable only regulation of the sector and not "strangulation".

"The refusal by RBI of such permission which is not required in the first place, or the fact that such refusal has not been challenged, would therefore not affect the enforceability of the award," the judgement held.

From the point of view of consumers, the impact of GST on the real estate sector will hinge on its effective implementation rate.