Business

Air India Executive Pilots Association has written to Chairman and Managing Director Ashwani Lohani, demanding the payment of their arrears amounting to Rs 1,200 crore.

"We are reliably informed that in order to effect the disinvestment process of the company and its subsidiaries, the government of India has sought certain specific

Airlines have introduced new flights and are offering discounts on bookings. IndiGo, the country's largest airline by market share, has announced new domestic flights. Passenger carrier SpiceJet has announced eight direct daily overseas flights from Mumbai and Delhi. Rival

Fiscal deficit in May stood at Rs 3.66 lakh crore ($53.04 billion), or 52 per cent of the budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the first two months of the fiscal year were Rs 1.15 lakh crore, while

India Post or Department of Posts, the postal system of the country, provides a range of services. The Department of Posts offers several savings schemes with different interest rates. Interest rates on post office saving schemes move in line with the

Public Provident Fund (PPF) account, a retirement planning-focused instrument, is considered among the most sought after investment products by financial experts. It is offered by various institutions including India Post and commercial lenders such as

Union Finance Minister Nirmala Sitharaman will unveil the Budget 2019-20 on July 5. In September 2016, the government scrapped the 92-year-old practice of presenting rail budgets and general budgets separately. And in 2017, Arun Jaitley became the first

With prospective buyers lining up to take a shot at bagging Jet Airways cheap, its prime asset - the flying license - is under the aviation regulator's scrutiny that might derail the NCLT-backed resolution process.

Industry insiders privy to the development say that buyers are waiting for the final word from the regulator which is

Focus on UDAN scheme; reduction or removal of aviation turbine fuel (ATF) tax; a single Goods and Services Tax (GST) rate for hotels and tourism sectors; tax rebates for people; higher allocation for tourism industry and infrastructure status for hotel

IndiGo on Friday launched flight operations on six new routes, including four RCS (Regional connectivity scheme) routes. The new flights introduced by the carrier, started flying on Kolkata-Prayagraj (Allahabad), Prayagraj-Kolkata, Raipur-Prayagraj,

The government will depend heavily on resource mobilisation by selling its stake in public sector banks through the newly launched financial sector ETFs (exchange traded funds).

Government sources said that ETFs have been saviour for government disinvestment plan for the past few years and even in FY20, these exchange trade funds would

The government on Friday reduced interest rates of small savings schemes by 0.1 per cent for the second quarter of the financial year 2019-20, starting from July 1, 2019 and ending on September 30, 2019. However, interest rate on savings account has been retained a

The S-P BSE Sensex and NSE Nifty 50 Indexes fell for second in a row led by declines in private sector banks such as HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank and Yes Bank. The benchmarks opened higher but gave up gains after metal, banking and auto shares came under selling pressure. The Sensex fell over 300 points from day's

State-run oil marketing companies hiked petrol and diesel prices on Sunday, marking a fourth straight day of increase in the fuel rates. With effect from 6 am on Sunday, the price of petrol was at Rs. 70.37 per litre in Delhi, Rs. 72.63 per litre

Current account deficit narrowed to just 0.7 per cent of gross domestic product in the fourth quarter of the fiscal year ended March 31, from 1.8 per cent in the year-earlier period as the nation's merchandise trade deficit contracted and its

Indian Railways allows its passengers to book wait-listed (WL) or reservation-against-cancellation (RAC) ticket apart from buying confirmed tickets for travelling on its trains. The PNR status of the ticket can be checked online on mobile applications and websites. The advance

Parliament is likely to start discussions on the general Budget on July 8 while voting on Demands for Grants will be between July 11 and 17 as the Narendra Modi government presents the first Budget of the second term on July 5.

"The tentative dates for

London-based AdiGroup along with Jet Airways Employee Consortium have partnered to bid for 75 per cent stake of Jet Airways under the insolvency resolution process.

At present, the grounded airline is under the insolvency resolution process of the National Company Law

The S-P BSE Sensex and NSE Nifty 50 Indexes continue to trade lower owing to weakness in heavyweights like Reliance Industries, Tata Consultancy Services, HDFC Bank, IndusInd Bank, ICICI Bank and HDFC. The S-P BSE Sensex fell as much as 262 points from day's high while the Nifty 50 Index briefly dropped below important level of 11,800.

As

Weak domestic macros along with low expectations of stimulus measures from the full-Budget 2019-20 will keep the domestic equity markets subdued, say experts.

Conversely, India Inc expects some solid measures and policies from the Budget to

The Telecom Regulatory Authority of India (TRAI) may not go ahead with any reduction in 5G spectrum prices although the Digital Communication Commission had decided to ask the regulator to review the prices.

Sources in TRAI said that a holistic view

Failure of a large non-banking financial company could cause as much damage as the collapse of a big commercial lender, the Reserve Bank of India said, stressing a need for greater surveillance of these firms.

The central bank issued the warning in its latest

Reliance Jio, the telecom company led by Mukesh Ambani, offers prepaid recharge plans with various data benefits. The telecom operator also offers unlimited calling benefits across all its prepaid recharge plans. These plans offer up to 5GB per day data which can be chosen by

The government on Friday reduced interest rate on small savings schemes, including National Savings Certificate (NSC) and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.

Barring

Government clarified on Thursday that plans to sell debt-laden state-run carrier Air India were still on track, hours after a junior minister told parliament the privatisation was on hold because of high oil prices and volatile exchange rates.

Government failed

Housing finance company Reliance Home Finance Ltd on Saturday said the maturity of certain non-convertible debentures (NCD) totalling Rs 400 crore has been extended till October 31.

In a statement issued here, the company said the extension of the maturity date has been done with the formal written consent of the concerned Debenture

Budget 2019 will be announced on July 5 by the country's first full-time woman Finance Minister Nirmala Sitharaman. Equity market participants will closely watch out for announcements for full Budget of the financial year 2019-20. The S-P Sensex and NSE Nifty 50 Indexes corrected

Oil and Natural Gas Corp on Friday said it had issued a tender seeking partners to work with it on boosting output from 64 small oil and gas fields that were handed to the state-run firm without competition.

It said companies could bid individually or in groups to work

IRCTC or Indian Railway Catering and Tourism Corporation, the e-ticketing arm of the Indian Railways, enables the passengers to book train tickets online through its website or mobile app. Passengers booking tickets are

Gold prices declined by Rs 65 to Rs 34,285 per 10 gram in the national capital on Friday on easing demand from jewellers even as the precious metal gained overseas ahead of US-China trade talks, according to the All India Sarafa Association. Globally, gold was trading higher at $1,416.84 an ounce, while silver was quoting lower at

IRCTC Tourism is offering a tour package of two nights and three days to Goa starting from Rs. 12,625 per person. The tour will begin from Hyderabad, IRCTC Tourism, the tourism arm of the Indian Railways, said on microblogging website Twitter. The tour provided by