Business

The country's civil aviation sector is experiencing dynamic growth and air passenger traffic on an annual basis is expected to touch 100 crore in the coming years, Union minister Hardeep Singh Puri said. On Thursday, the civil aviation minister told the Lok Sabha that the government had taken a decision to privatise six airports,

A government panel on Wednesday approved a combined penalty of Rs 3,050 crore ($442 million) on telecom operators Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Industries' telecom unit, Jio, when it began operations in 2016, media reported.

The Telecom Regulatory Authority of India (TRAI) in 2016 rec

HDFC Life Insurance shares hit a fresh 52-week high before turning negative on Wednesday, a day after the private sector life insurer reported its earnings for the April-June period. In a regulatory filing during market hours on Tuesday, the private sector insurer said

The S-P BSE Sensex and NSE Nifty 50 Indexes fell for sixth straight day as benchmarks posted their longest stretch of losses in since May 13. Investor sentiment remains subdued in the aftermath of higher taxes on super rich and lacklustre corporate earnings. IMF cutting growth outlook for the Indian economy for current financial year also

Domestic stock markets started Thursday's session on a strong note, breaking a five-day losing streak, amid gains in Asian peers. The S-P BSE Sensex index added as much as 322.22 points to 38,169.87 in the first hour of

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

IndiGo, the country's largest airline by market share, announced new international flights on Wednesday. IndiGo will start daily direct flights on the Kolkata-Yangon- Kolkata route, it said in a press release. The new flights will start from September 20, noted the airline's statement. IndiGo is offering flight tickets starting from Rs. 5,999 on

IRCTC Tourism is offering a tour package to Bhutan starting from Rs. 40,700 per person. The five-night and six-day tour will cover destinations such as Thimphu, Paro and Punakha, according to IRCTC Tourism's official website, irctctourism.com. The tour,

The S-P BSE Sensex and NSE Nifty 50 Indexes extended decline to fifth straight day as selloff across sectors intensified a day after the International Monetary Fund cut its growth forecasts for India. The IMF said the Indian economy is set to grow 7.0 per cent in 2019 and 7.2 per cent the next year, a downward revision of 0.3 percentage point

The auto parts industry could be forced to slash a fifth of its 5 million (50 lakh) or so workforce if the slowdown in vehicle sales continues, the president of the country's largest industry group for auto parts makers said.

India's auto industry is in the middle of one of its worst slumps. Passenger vehicle sales fell 18.4 per cent in

Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the US Federal Trade Commission said on Wednesday.

The FTC voted 3-2 along party lines to adopt the settlement, which requires court approval. Democrats opposed it,

-- 50% in 1AC and 2 AC

-- 25% in 3AC - AC Chair Car of Rajdhani/Shatabdi trains

-- 50% in MST -

Life Insurance Corporation (LIC) of India, the country's largest life insurance company, is offering an insurance-cum-investment policy for children. The New Children's Money Back Plan is designed to meet the educational, marriage and other needs of

InterGlobe Aviation's board of directors approved a new policy on related party transactions, sources said on Wednesday, amid promoters feuding over governance issues. Simmering differences between co-promoters -- Rahul Bhatia and Rakesh Gangwal -- came

Private carrier IndiGo on Wednesday announced new international flights. IndiGo will commence daily direct flights on the Delhi-Dhaka-Delhi route, it said in an official statement. The new flights will commence on August 22, said the airline. IndiGo is offering flight tickets starting from Rs. 8,899 and Rs. 10,000 on the Delhi-Dhaka and

The central government's proposed bankruptcy code amendments are credit positive for banks, Moody's Investors Service said on Thursday.

The Union cabinet had, on July 18, approved proposed amendments to the Insolvency and Bankruptcy Code (IBC). 

"The

The DDA or Delhi Development Authority on Wednesday held the draw of lots for its Housing Scheme 2019. The draw of lots for allotment of flats began on Tuesday. DDA had put 10,294 flats on the offer out of its kitty of 18,000 units. "In the final

State Bank of India or SBI, country's largest lender by assets, enables internet banking users to access a number of banking facilities. SBI customers can access their account balance information, facilitate a fund transfer, apply for a new cheque book and debit cards under this

ICRA has downgraded Yes Bank's long-term ratings on various bonds while retaining a negative outlook.

The rating for the Basel III compliant AT-I bonds is three notches lower than the rating for the Basel III compliant Tier II bonds of Yes Bank as these instruments have loss-absorption features that make them riskier.

Coupon payments are

An Aadhaar number - also known as Unique Identity Number or UID - can be linked with a PAN or Permanent Account Number online. The Income Tax Department provides two services for assessees to assist them in the process of linking the two

A JPMorgan Chase - Co. unit violated country's foreign investment rules and helped property developer Amrapali Group divert funds from realty projects, the Supreme Court said in a ruling and ordered an investigation.

The court on Tuesday ordered the

Bajaj Finance, the Pune-based non-banking finance company, on Thursday reported a net profit of Rs 1,125 crore for April-June period that marked an increase of 35 per cent in net profit which came in at Rs 833.73 crore during the same quarter last year. Bajaj Finance's interest income rose 37 per cent to Rs 4,642.45 crore compared with Rs 3,395.32

As many as 254 startups have received investment to the tune of over Rs 1,700 crore from the Sebi-registered Alternative Investment Funds (AIF) and the central government has also set up a Fund of Funds for Startups (FFS) with corpus

The S-P BSE Sensex and NSE Nifty 50 Indexes gave up early gains after opening on a mixed note on Wednesday, a day after the International Monetary Fund cut its growth forecast for India citing a weaker-than-expected outlook for domestic demand. The

Domestic stock markets erased all of the day's gains on Thursday afternoon, ahead of the expiry of monthly derivatives contracts due by the end of the session. The S-P BSE Sensex surged as much as 322.22 points to 38,169.87 in morning deals, and then slumped 365.07 points from that level in afternoon. The NSE Nifty benchmark index moved in a

Permanent Account Number or PAN, a ten-digit alphanumeric identifier, is issued by Income Tax Department. Each assessee (such as individual, firm or company) is issued a unique PAN. Subscribers can submit an online request for

Asian Paints on Wednesday reported a net profit of Rs 655.44 crore for the April-June period. That marked an increase of 17.70 per cent from the company's net profit of Rs 556.85 crore for the corresponding three-month period a year ago. In a regulatory filing

Amrapali Group had entered into "sham agreements" with Rhiti Sports Management Pvt Ltd (RSMPL) -  which promotes the brand of cricketer Mahendra Singh Dhoni - to "illegally divert" homebuyers' money, forensic auditors told the Supreme Court. In its report, accepted by the top court on Tuesday, the court-appointed auditors said that

The government is considering an option to raise $10 billion in one go from its first overseas bond sale as early as October, according to people familiar with the matter.

A sizable issue given a huge appetite in the market would fetch lower interest rates, the people said, asking

Indian Railway Catering and Tourism Corporation or IRCTC, under the Ministry of Railways, has launched 'Majestic Tourist Train'- a train equipped with state-of-the-art-amenities. This train provides two tour packages, covering destinations in Rajasthan such as Jaipur,