50 lakh Indian men lost jobs between 2016-18
BENGALURU: Employment opportunities declined and five million men lost their jobs between 2016 and 2018, according to a report released by the city-based Azim Premji University. The decline in job opportunities coincided with demonetisation in November 2016, although no direct causal relationship can be established based only on these trends, the State of Working India-2019 […]
Rising airfares: DGCA to engage with airlines for appropriate action
NEW DELHI: Aviation regulator DGCA will continue to monitor airfare movements on a daily basis and also engage with airline for appropriate action, a senior official said Tuesday amid concerns over rising ticket prices. With crisis-hit Jet Airways drastically curtailing its operations, there has been an adverse impact on the number of flights being operated […]
SpiceJet spreads wings, will add five more 90-seater Bombardier Q400s
NEW DELHI: Budget carrier SpiceJet on Tuesday said it planned to expand its regional jet fleet to 32 aircraft by adding five more 90-seater Bombardier Q400s. The move is aimed at augmenting capacity in the domestic markets, especially on regional routes, following the near collapse of Jet Airways, which has resulted in massive surge in […]
Jet Airways says awaiting “emergency liquidity support” from lenders
NEW DELHI: Cash-strapped Jet Airways on Tuesday said it is awaiting “emergency liquidity support” from the State Bank of India (SBI)-led consortium of lenders to arrest further deterioration in its services. The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position. “The company’s leadership, in […]
Gaurs Group launches ultra-modern Gaurs Runway Suites with an investment of Rs 350 crore
NEW DELHI: Noida-based realty firm Gaurs Group said that it has launched Gaurs Runway Suites in Gaur Yamuna City at Yamuna Expressway. With an investment of Rs 350 crores, the realty major is coming up with ultra-modern studio apartments designed to provide an unmatchable experience of contemporary living. Spread over an area of 2.7 acres, […]
Dr Reddy’s Laboratories acquires a portfolio of 42 ANDAs in USA
NEW DELHI: Drug major Dr Reddy’s Laboratories Saturday said it has acquired a portfolio of 42 abbreviated new drug applications (ANDAs) in the USA. The company said it has entered into a definitive agreement to acquire yet to be marketed portfolio of ANDAs, including more than 30 generic injectable products, Dr Reddy’s Laboratories said in […]
France waived 143.7 million euro tax dues of Anil Ambani firm months after Rafale announcement
NEW DELHI: France waived taxes worth 143.7 million euros (Rs 1,200 crore) to a French-registered telecom subsidiary of Anil Ambani’s Reliance Communications in 2015, months after Prime Minister Narendra Modi’s announcement of buying 36 Rafale jets, leading French newspaper Le Monde reported Saturday, giving a fresh twist to the deal in the middle of the […]
Infosys Q4 net profit up 10.5 per cent to Rs 4,078 crore
NEW DELHI: IT major Infosys on Friday reported 10.5 per cent growth in consolidated net profit at Rs 4,078 crore for the March 2019 quarter as against Rs 3,690 crore a year ago. Revenue of the city-based firm grew 19.1 per cent to Rs 21,539 crore in the quarter under review from Rs 18,083 crore […]
TCS Q4 net profit rises 17.7 per cent to Rs 8,126 crore
NEW DELHI: India’s largest software services firm Tata Consultancy Services (TCS) on Friday reported a 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter. This is against a net profit of Rs 6,904 crore in the year-ago period, TCS said in a regulatory filing. Revenue of the […]
Jet Airways operates only 11 aircraft, PMO holds meeting to discuss situation
NEW DELHI: The crisis in Jet Airways deepened on Friday as the airline could operate only 11 aircraft on Friday, leaving passengers stranded at various domestic and international airports and prompting the Prime Minister’s Office (PMO) to hold an urgent meeting to discuss the situation. According to sources, the meeting was called after Civil Aviation […]
Tata Teleservices merger: DoT seeks Rs 7,200 crore bank guarantee from Airtel
NEW DELHI: The Department of Telecom (DoT) has given approval for the merger of Tata Teleservices (TTSL) with Bharti Airtel, subject to the condition that the Sunil Bharti Mittal-led firm furnishes Rs 7,200 crore worth bank guarantee, a government official said. On April 9, telecom minister Manoj Sinha gave a conditional nod for the merger, […]
Maruti Alto K10 to cost Rs 23,000 more after new safety feature in car
NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) on Thursday said it has upgraded its hatchback Alto K10 with various safety features leading to a price increase of the model by up to Rs 23,000 in Delhi/NCR. The model now comes with various safety features like ABS (anti-lock braking system) with EBD (electronic […]
Jet Airways’s fleet shrinks to 14, government seeks report on airline’s global operations
NEW DELHI: The government of India is likely to review Jet Airways’ eligibility to continue its international operations after it gets a report from the regulator DGCA on the issue, a top ministry official said on Thursday. On the verge of going belly up amid acute cash crunch, the airline has reduced its fleet to […]
Airtel selects Ericsson for VoLTE expansion
NEW DELHI: Ericsson has been selected by Bharti Airtel (Airtel), India’s leading telecommunications services provider, to expand its VoLTE (voice over LTE) services in India. This agreement will result in deployment of the Ericsson Cloud VoLTE solution, an industrialized solution to deliver VoLTE services onto a customer data center. The solution enables high-definition voice (HD […]
Rafale Deal: Supreme Court allows use of leaked documents, dismisses Centre’s objections
NEW DELHI: In a setback to the Centre, the Supreme Court of India on Wednesday allowed leaked documents to be relied upon by petitioners seeking review of its Rafale judgement and dismissed the government’s preliminary objections claiming “privilege” over them. The Centre had submitted that privilege documents were procured by petitioners in an illegal way […]
Arihant Group forays into affordable housing with an investment of Rs 250 crore
NEW DELHI: Delhi-based realty firm Arihant Group has announced an investment of Rs 250 crore in developing their first housing project in affordable segment, Arihant Abode, in Greater Noida West. The project will be located across 130 meter wide Noida – Greater Noida link road. The investment would be made through self-funding and customer advances. […]