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Mumbai airport aerial view. (File photo)
UDAN: Mumbai airport unlikely to be part of next bidding

The Chhatrapati Shivaji International Airport handled 837 flights a day, or one in 65 seconds, on an average in fiscal 2016-17, becoming the world's busiest airport with singlerunway operations.

21 Jun 2017

A woman walks under high-tension power lines leading from a Tata Power sub station in Mumbai's suburbs. (File Photo | Reuters)
Tata Power SED bags contract from Ministry of Home Affairs

Tata Power today said its strategic engineering division has bagged a contract from the Ministry of Home Affairs to supply comprehensive integrated border management system to BSF.

21 Jun 2017

Telecom players to meet minister tomorrow on financial stress

The meeting comes just days after an inter-ministerial group held a dialogue with all telecom companies on the industry's financial stress and measures that can be taken to ease the situation.

21 Jun 2017

A drop of diesel is seen at the tip of a nozzle after a fuel station customer fills her car's tank in Sint Pieters Leeuw December 5, 2014. (File| Reuters)
Oil falls as bulls discount OPEC cuts, set for worst H1 since 1997

So far this year, oil has lost 20 percent in value, its worst performance for the first six months of the year since 1997.

21 Jun 2017

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai, India March 1, 2017. (File| Reuters)
Sebi to levy fee on Participatory Notes, bars speculative issuance

At the same time, Sebi decided to relax the entry norms for foreign portfolio investors willing to invest directly in Indian markets rather than through participatory notes.

21 Jun 2017

Arctic sea ice. (File photo | PTI)
Norway brushes off concerns about risk, offers record number of blocks for Arctic oil exploration

Norway offered a record number of blocks for oil and gas exploration in the Arctic Barents Sea on Wednesday, brushing off concerns about the risks of drilling in the remote, icy environment.

21 Jun 2017

E-way bills defeat the GST spirit: Courier companies

Express logistics players says that the extra aperwork and processes is contrary to the spirit of the tax reform and threatens the industry's survival.

21 Jun 2017

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai, India March 1, 2017. (File| Reuters)
Tackling bad loans: Sebi eases norms for acquisition of distressed assets

Markets regulator Sebi today relaxed takeover norms for acquisition of stressed assets to help the government and the RBI in their efforts to tackle bad loans.

21 Jun 2017

Farmers block the national highway during a protest against Mandsaur violence in Ambala Haryana (File | PTI)
Farm loan waivers, Uday bonds to impact state finances: SBI research report

Policies like farm loan waivers are impacting asset quality of the agricultural sector and is also expected to affect state finances adversely, says a report.

21 Jun 2017

Representational image. (Workers installing solar panels at M O P Vaishnav College for Women, in the city | Romani Agarwal)
Tamil Nadu government to set up solar panels atop Chennai Corporation buildings

Tamil Nadu goverment will set up solar panels atop Chennai Corporation buildings with the aim of tapping 88 lakh units of power potential.

21 Jun 2017

Apple Inc. (File photo | Reuters)
Report claims most Apple leaks come directly from its employees

According to The Outline, the internal briefing on Apple's fight against leaks was led by former members of US spy agencies who have spent years in investigating, and eventually unmasking, one leaker.

21 Jun 2017

Vehicles cross through an underpass constructed by GMR Infrastructure that connects to the airport in New Delhi, May 13, 2013. (File | REUTERS)
India's GMR, four others bid for Nikola Tesla airport in Belgrade

The Serbian government which has an 83.1 percent stake in the airport, expects the deal to be worth around 400 million euros ($448 million).

21 Jun 2017

Sensex | REUTERS
Rangebound Sensex skids on oil; metal, energy play spoilsport

The broader NSE Nifty closed down 0.21 percent at 9,633.60, while the benchmark BSE Sensex was 0.04 percent lower at 31,283.64.

21 Jun 2017

A woman walks past a logo of Indian Oil outside a fuel station in New Delhi.  | Reuters
IDCO issues show cause notice to Indian Oil Corporation, Paradip Refinery Project

The notice issued by the Odisha government undertaking IDCO on June 19, sought the IOCL's reply within 15 days from the date of receipt of the letter.

21 Jun 2017

Oxford University Press to host South Asia Conclave

Some of the speakers who have confirmed their participation are Devesh Kapur, Vinay Sitapati, Gurcharan Das, T N Ninan, Salman Khurshid, Pratap Bhanu Mehta, Jayant Sinha and Jairam Ramesh.

21 Jun 2017

Indian women remove weeds from their soybean crop in Kurana village, on the outskirts of the central Indian city of Bhopal August 18, 2004. (File | REUTERS)
Oilseed prices crashes to five year low; farmers may shift to other crops

Edible oil industry body SEA fears that farmers may shift from oilseed cultivation to some other crops as domestic prices have crashed to five-year low.

21 Jun 2017

Air India ( File photo | PTI)
Additional flights to Doha as government steps in to clear Eid rush

The move comes after Minister for External Affairs Sushma Swaraj discussed the matter with Civil Aviation Minister Ashok Gajapathi Raju earlier this week.

21 Jun 2017

States sans Jammu and Kashmir pass SGST Act for July 1 rollout

While Kerala and West Bengal have issued an ordinance to approve the SGST Act, all other states and UTs have passed it in their respective legislative assemblies.

21 Jun 2017

Workers walk past the Bank of England in the City of London | Reuters
Bank of England reports consumer squeeze, solid business investment

The assessment from the BoE's regional agents broadly matches that in last week's policy statement, when three of the BoE's eight rate-setters unexpectedly voted to increase the cost of borrowing.

21 Jun 2017

A Bharat Petroleum oil pump station displays the price of unleaded petrol and diesel as a pedestrian walks past in New Delhi. (File photo | Reuters)
BPCL seeks 70,000 tonnes petrol to plug supply gap

The supply gap is due to a scheduled, month-long shutdown of a crude unit and a continuous catalytic reformer.

21 Jun 2017

A man waits at a bus-stop with an advertisement of Larsen & Toubro outside the company's manufacturing unit in Mumbai. (File Photo | Reuters)
Govt sells USD 619 million stake in Larsen & Toubro

The move will help the government meet its annual fiscal deficit target.

21 Jun 2017

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