Business News Updates

New Delhi: Passenger traffic in India’s domestic aviation industry rebounded in May with a year-on-year growth of 3.3 per cent, said an ICRA report on Friday. The rise comes after the industry reported a 4.4 per cent “de-growth” in traffic in April. “This is primarily attributable to the gradual increase in capacity as airlines like […]

Mumbai: Global gold demand dropped by 23 per cent during January-March quarter of this year to 815.7 tonne compared to the same period of 2020, mainly driven by outflows of…

New Delhi: Kenyan President Uhuru Kenyatta on Friday inaugurated the his country’s Rivatex East Africa Ltd revamped with Indian help, the High Commission of India in Nairobi Rahul Chhabra said on Saturday. The once sick textile factory has been modernised with a concessional loan of $29.95 million from India (disbursed through EXIM Bank). And in […]

New Delhi: Amid rising geopolitical tensions between the US and Iran, India’s aviation regulator DGCA Saturday said Indian airlines have decided to avoid the “affected part of the Iranian airspace” and reroute their flight “suitably”. On Friday, the American aviation regulator, the Federal Aviation Administration (FAA), issued a Notice to Airmen (NOTAM) prohibiting US-registered aircraft […]

New Delhi: The Enforcement Directorate (ED) on Saturday rejected a plea by fugitive diamantaire Mehul Choksi that he should be questioned in Antigua because of his health condition and said it can arrange air ambulance with medical experts to bring him back to India for interrogation in connection with the PNB fraud case. Choksi, who […]

New Delhi: Government-owned Non Banking Financial Company IFCI is looking to sell its stakes in National Stock Exchange (NSE) and Clearing Corporation of India (CCI) which it says can fetch up to Rs 2,000 crore depending on the market conditions. “IFCI is aiming to garner Rs 1,500-Rs 2,000 crore from the strategic sales of its […]

New Delhi: In a bid to reduce travel time, the Indian Railways, under its 100-day action plan, envisages increasing the speeds of trains on the Delhi-Mumbai and Delhi-Howrah routes at an investment of over Rs 13,500 crore, officials said. A senior railway ministry official told IANS: “In a proposal approved by Railway Minister Piyush Goyal, […]

Mumbai: RBI Deputy Governor Viral Acharya has quit six months before the end of his term, sources said on Monday. Acharya had joined as the RBI Deputy Governor in January 2017. The Reserve Bank of India (RBI) did not respond to queries on this regard. Acharya is the second top RBI official to quit after […]

Credit cards offered by banks and financial institutions provide a variety of benefits. Many use credit cards to purchase movie tickets or shop apparels or refuelling their vehicles. With these featured credit cards, life has become easy while earning reward points and discounts on purchases. However, the user must be aware of the features, rewards […]

New Delhi: The current basic income tax exemption limit of Rs 2.5 lakh is unlikely to be raised in the forthcoming full Budget 2019-20, according to informed sources, as the Finance Ministry has already announced a provision whereby individuals earning up to Rs 5 lakh can get full tax rebate under Section 87A. Those earning […]

Mumbai: Sensex and Nifty traded on a flat note during the morning trade session on Tuesday. Traders remain cautious ahead of the Union Budget and a key meeting between US and Chinese Presidents Donald Trump and Xi Jinping at the G20 Summit in Osaka, Japan, where the two leaders are likely to discuss the ongoing […]

Mumbai: The rupee appreciated by 13 paise to 69.22 against the US dollar in opening trade Tuesday, driven by easing crude oil prices and weakening of the US dollar in the overseas market. The rupee opened strong at 69.32 at the interbank forex market then gained further ground to touch 69.22 per dollar, displaying gains […]

New Delhi: With an aim to provide single window information on best practices and rulings in the housing sector, the government will soon come up with a platform that will integrate Real Estate Regulatory Authority (RERA) of all the states. Officials said the common platform would provide suggestions about the real estate properties and projects […]

Mumbai: The 30-scrip Sensitive Index (Sensex) opened on a negative note during the morning session of the trade on Wednesday. Opening at 39,379.13 points, the BSE Sensex touched a high of 39,413.14 points and a low of 39,319.64 points. On Tuesday, the Sensex closed at 39,434.94 points. The Sensex is trading at 39,426.74 down by […]

Bhubaneswar: Reliance Jio has once again topped with net addition of 3.03 lakh subscribers in April, revealed a recently released telecom subscriber data by the Telecom Regulatory Authority of India (TRAI). As per this TRAI subscriber data for April, the net subscriber addition by Reliance Jio in the State stood at 3.03 lakhs followed by […]