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IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI Bank shareholders -- the government and the Life Insurance Corporation (LIC) of India -- will infuse Rs 9,300 crore in the bank.

Sep 03, 2019, 18:21 PM IST
Court reserves order on P Chidambaram, Karti' anticipatory bail for Sept 5 in Aircel Maxis Case

Court reserves order on P Chidambaram, Karti' anticipatory bail for Sept 5 in Aircel Maxis Case

Both CBI and Enforcement Directorate, probing the case have continuously opposed the bail plea of P Chidambaram his son Karti.

Sep 02, 2019, 16:52 PM IST
Indigo, SpiceJet to partially shift domestic operations from IGI Airport T3 from September 05

Indigo, SpiceJet to partially shift domestic operations from IGI Airport T3 from September 05

While, Indigo would shift a portion of its operations from T2 to T3, SpiceJet would shift all of its domestic flights, operating from T2, to T3.

Sep 02, 2019, 15:52 PM IST
PhonePe, Paytm have till February 2020 to update KYC

PhonePe, Paytm have till February 2020 to update KYC

The deadline for mobile wallets to become full KYC compliant was earlier set to end on August 31. But on August 30 the RBI extended the deadline by six more months, with the warning that no further

Sep 02, 2019, 15:07 PM IST
Tiger Fund increases equity stake in Flipkart

Tiger Fund increases equity stake in Flipkart

The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.

Sep 02, 2019, 14:48 PM IST
NTPC commissions its first commercial EV charging station

NTPC commissions its first commercial EV charging station

India’s leading power generator, NTPC and India’s leading fuel retailer, IOCL have joined hands to set up many such charging stations.

Aug 30, 2019, 15:00 PM IST
NTPC commissions India’s first Ultra Super Critical plant

NTPC commissions India’s first Ultra Super Critical plant

This plant operates at efficiency of 41.5% which is 3.3% higher than the conventional super-critical ones, with steam parameters of 6000 C temperatures and 270 kg/cm2 pressure.

Aug 30, 2019, 14:58 PM IST
ONGC sets up a euro medium-term note programme of $2 billion

ONGC sets up a euro medium-term note programme of $2 billion

An EMTN programme is an uncommitted facility and any drawdown thereof under this document will be subject to funding requirements.

Aug 29, 2019, 15:07 PM IST
Delhi HC adjourns hearing in Aircel Maxis case

Delhi HC adjourns hearing in Aircel Maxis case

The court is hearing the petitions of the Enforcement Directorate (ED) and the CBI challenging the discharge of ex-Union Minister Dayanidhi Maran and his brother Kalanithi Maran in the Aircel-Maxis

Aug 29, 2019, 15:03 PM IST
Govt determined to privatise Air India: Puri

Govt determined to privatise Air India: Puri

Puri said the first meeting of the alternative mechanism set up for Air India and headed by Home Minister Amit Shah will be held soon.

Aug 29, 2019, 14:58 PM IST
Air India to ban plastic products on all its flights from October 2

Air India to ban plastic products on all its flights from October 2

The ban on using plastic will be implemented in all flights of Air India Express and Alliance air flights in the first phase while in the 2nd phase it will be implemented in Air India flights.

Aug 29, 2019, 13:49 PM IST
Indian Oil Corp plans $28 billion investment by 2023-24: Chairman

Indian Oil Corp plans $28 billion investment by 2023-24: Chairman

IOC through its 11 refineries controls about a third of India`s 5 million-barrel-per-day (bpd) refining capacity.

Aug 29, 2019, 12:56 PM IST
Moody's downgrades Yes Bank's ratings with outlook negative, concludes review for downgrade

Moody's downgrades Yes Bank's ratings with outlook negative, concludes review for downgrade

Yes Bank`s asset quality deteriorated in the quarter ended June 2019 with its gross non-performing loan (NPL) ratio rising to 5 per cent from 3.2 per cent at the end of March 2019.

Aug 28, 2019, 18:06 PM IST
Now, robots count cash in ICICI Bank

Now, robots count cash in ICICI Bank

These Robotic Arms are currently functioning at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri and Varanasi

Aug 28, 2019, 14:43 PM IST
DGCA calls urgent meeting with GoAir, Indigo to review Airbus Neo performance

DGCA calls urgent meeting with GoAir, Indigo to review Airbus Neo performance

Most A320 Neo planes in India had to make frequent grounding after a technical fault in the Pratt & Whitney engines threatened engine failure mid-flight.

Aug 28, 2019, 12:15 PM IST
India needs single corporate tax rate of 25%: KPMG

India needs single corporate tax rate of 25%: KPMG

The report titled "India: Redefining its growth path" observed that the Minimum Alternate Tax (MAT) should be withdrawn and Dividend Distribution Tax (DDT) should be replaced by the witholding tax.

Aug 26, 2019, 15:02 PM IST
SpiceJet launches Red Hot international sale, fares start at Rs 3,999

SpiceJet launches Red Hot international sale, fares start at Rs 3,999

The sale is available for booking period from August 26 to August 30 for travel period till March 31, 2020. Tickets will be available on first-come-first-served basis, SpiceJet said.

Aug 26, 2019, 13:15 PM IST
ED raids Jet Airways founder Naresh Goyal's residence over alleged money laundering

ED raids Jet Airways founder Naresh Goyal's residence over alleged money laundering

Meanwhile, Delhi High Court today allowed Goyal's plea to be allowed to travel abroad.

Aug 23, 2019, 15:08 PM IST
High Court allows Jet Airways founder Naresh Goyal to travel abroad

High Court allows Jet Airways founder Naresh Goyal to travel abroad

On May 25, Goyal and his wife Anita Goyal were stopped from leaving the country by immigration authorities at Mumbai airport.

Aug 23, 2019, 15:00 PM IST
P Chidambaram, son Karti gets interim protection till September 3 in Aircel Maxis case

P Chidambaram, son Karti gets interim protection till September 3 in Aircel Maxis case

Investigative agencies Central Burau of Investigation (CBI) and Enforcement Directorate (ED), probing the matter, have time and again objected to Chidambarams getting protection from arrest, stating

Aug 23, 2019, 14:51 PM IST