NEW DELHI: The number of flyers on domestic routes increased to 138.9 million in 2018 from 117.1 million in 2017, a growth of 18.6 per cent, according to data released by the Directorate General of Civil Aviation (DGCA) on Tuesday. The figure for December was 12.6 million as compared to 11.2 million in December 2017, […]
MUMBAI: In a new development, the State Bank of India (SBI) on Wednesday moved to recover loan outstandings of Rs 405 crore from absconding diamantaire Mehul Choksi, his family and companies. This is the first time the country’s biggest bank’s exposure has been revealed in the case involving Choksi, who is among the prime accused […]
NEW DELHI: India’s mobility solutions provider Comviva today announced Ramy Moselhy as the new Market Unit Head for Middle-East and North Africa (MENA) region. This appointment comes at a time when Comviva is aggressively focusing on expanding its footprint across the MENA region to achieve the next growth phase. The company is targeting over two-fold […]
By Lalit K Jha WASHINGTON: Kamala Harris’ plunge in the 2020 US presidential race has thrilled the Indian-American community which considers the first Indian-origin Senator’s “groundbreaking” announcement a “proud moment” and a reflection that Indian-Americans have finally arrived at the centre stage of US politics. Harris, 54, officially launched her campaign for the US presidential […]
DAVOS: India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI Governor Raghuram Rajan said on Tuesday. Addressing a session on Strategic Outlook for South Asia, Rajan said Indian economy would continue to grow […]
RANCHI: Jharkhand Chief Minister Raghubar Das on Tuesday tabled an estimated Rs 85,429 crore budget for the year 2019-20 in the state Assembly with more than 25 per cent of the funds earmarked for development of ST/SC areas. Out of the total budget, Rs 65,803 crore is on the head of revenue expenditure while Rs […]
NEW DELHI: National Real Estate Development Council (NAREDCO), an apex body of real estate sector, has requested Government to address the key concerns of the real estate industry and home buyers, offer tax incentives across housing segments and boost buyer’s confidence through a slew of measures in the upcoming interim Union Budget 2019-20. NAREDCO, the […]
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT)has held that the lenders of defaulting companies can initiate corporate insolvency resolution process against corporate guarantors without invoking CIRP for the principal borrowers. A three member bench of the appellate tribunal in a judgement said that corporate guarantors are also financial creditors. “We hold that it […]
NEW DELHI: Be ready to receive the I-T Department’s notice if you have made above Rs 20,000 cash transaction in a property purchase in Delhi. I-T Department’s Delhi division is going to start a drive against property purchases where the cash transaction crosses the limit of Rs 20,000. “Income Tax Department’s Delhi division is short-listing […]
LONDON: An Indian cyber expert, seeking political asylum in the US, on Monday claimed that the 2014 general election was “rigged” through the Electronic Voting Machines (EVMs), which, he says, can be hacked. Addressing a press conference in London via Skype, the man, identified as Syed Suja, said he fled India in 2014 because he […]
NEW DELHI: The National Company Law Tribunal (NCLT) has approved the merger of loss-making telecom firm Tata Teleservices with Bharti Airtel, according to an exchange filing on Monday. The merger is subject to the approval of the Department of Telecommunications (DoT). “Hon’ble National Company Law Tribunal, New Delhi, Principal Bench, vide its order dated January […]
NEW DELHI: In a first, the Swedish furniture retailing giant Ikea has partnered with the city-based developer Rustomjee to offer designer, furnished homes at upcoming township project Global City at Virar near here. The home furnishing and accessories major Ikea will design around 1,200 units of 1& 2 BHK apartments priced between Rs 41 lakh […]
HYDERABAD: Indian Army Chief General Bipin Rawat on Sunday stressed the need to focus on incorporating Artificial Intelligence (AI) and big data computing into the Armed forces’ system, saying the northern adversary of the country (China) was spending “huge money” on this technology. Addressing the valedictory function of the National Conference on ‘Self Reliance in Defence […]
By Deepak Patel TIRUCHIRAPPALLI: In a major move to boost indigenisation of defence manufacturing, Defence Minister Nirmala Sitharaman on Sunday launched a mega corridor to link leading military manufacturing units in five cities in South India, which entails an investment to the tune of over Rs 3,000 crore. The project, christened the Tamil Nadu Defence […]
NEW DELHI: IDBI Bank on Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender’s majority shareholder. “The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders, […]
NEW DELHI:Amid global economic woes and trade tensions, India is one of the “few bright stars” and is best positioned to become a counter-balance to China, industry leader and airline major SpiceJet’s CEO Ajay Singh said on Monday. Singh, who is in this Swiss resort town to participate in the World Economic Forum (WEF) Annual […]
