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Jet Airways currently operating only 41 planes, there may be further attrition, says DGCA

4 hours ago

News / Times Of India/ Business

DGCA has asked the airline to comply with all relevant rules on timely communication (about flight delays or cancellations), compensation, refunds and providing alternate flights wherever applicable. The data is being monitored by DGCA on regular basis...

Sensex jumps 268 pts; Nifty above 11,500

5 hours ago

News / Times Of India/ Business

Traders said widening of positions by retail investors amid continued buying by foreign institutional investors (FIIs) as expectations that the incumbent government would return to power after the general elections, starting next month, boosted investor confidence...

Hostile bid: L&T facing flak for takeover bid on Mindtree

5 hours ago

News / Times Of India/ Business

Engineering major L&T on Tuesday said the deal got triggered after largest sharehlder VG Siddhartha approached them three months ago, and exuded confidence in winning over the unhappy promoters. L&T's SN Subrahmanyan invoked parallels with bollywood dramas, saying with 'dil and pyaar' (heart and love) it will be able to win over everybody...

Flight safety is at risk: Jet Airways' aircraft engineers union to DGCA

9 hours ago

News / Times Of India/ Business

In a letter written to the Directorate General of Civil Aviation, JAMEWA stated: "It has been arduous for us to meet financial requirements, result of which has adversely affected the psychological condition of Aircraft engineers at work and therefore the safety of public transport airplanes being flown by Jet Airways across India and the world is at risk."..

Flight safety at risk: Jet's engineers union

9 hours ago

News / Times Of India/ Business

In a communication to the Directorate General of Civil Aviation (DGCA), the Jet Airways Aircraft Maintenance Engineers' Association (JAMEWA) sought the aviation regulator's intervention in recovering the dues, saying the management's failure to keep its commitment of clearing their salary by March had "shaken" their faith in the company...

Mindtree promoters dub takeover as 'grave threat'

9 hours ago

News / Times Of India/ Business

The attempted hostile takeover bid of Mindtree by Larsen & Toubro is a "grave threat" and "value destructive" to the organisation collectively built over 20 years, the promoters said pledging to "unconditionally oppose" the move. The promoters also outlined its potential "negative consequences to corporate culture, client relationships, employee retention"...

Etihad refuses to play ball with Naresh Goyal, Jet crisis deepens

11 hours ago

News / Times Of India/ Business Videos

Etihad refuses to play ball with Naresh Goyal, Jet crisis deepens..

Will recover dues from Radha Soami head: Malvinder

13 hours ago

News / Times Of India/ Business

In his affidavit before the SC, Malvinder, as director of Oscar Investment and RHC Holdings, said loans and advances amounting to Rs 6,277.34 crore was recoverable from Dhillon and members of his family, besides companies owned by them — Prius group, Religare group, Narinder Ghoshal and the Godhwani family (Sunil Godhwani and Sanjay Godhwani)...

RCom, Reliance Jio terminate pact for sale of telecom assets

23 hours ago

News / Times Of India/ Business

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Jet grounds more planes; DGCA meet to discuss fares

yesterday

News / Times Of India/ Business

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Diversify your portfolio with international funds

yesterday

News / Times Of India/ Business

Funds that invest abroad have been around in India for almost two decades now and after all this time, they account for a mere 0.3% of the total money in equity funds, which is just about ₹2,300 crore out of ₹8 lakh crore. Compared to the scale of the entire industry, this is nothing but a rounding error...

Core portfolio should be low-cost index funds

yesterday

News / Times Of India/ Business

A core and satellite portfolio is a helpful way to build a long-term portfolio. The core equity portfolio should be in low cost, passive index funds. You go where the market takes you. This strategy is easily implemented by buying ETFs...

Deutsche Bank in merger talks with Commerzbank

yesterday

News / Times Of India/ Business

The companies confirmed the move to deeper discussions in statements on Sunday, capping months of speculation and behind-the-scenes talks with the finance ministry. Both firms have struggled to restore revenue growth after deep cuts to their investment banking units...

BSNL to approach NCLT this week against RCom to recover Rs 700 crore

2 days ago

News / Times Of India/ Business

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SBI Yono App to allow cardless withdrawals

3 days ago

News / Times Of India/ Business

Launching the Yono Cash service in Mumbai on Friday, SBI chairman Rajnish Kumar said that the cardless withdrawal will currently be available at 16,500 SBI ATMs and would eventually be extended to all 60,000 ATMs of the bank...

Pakistan airspace closure fallout: AI appeals to 'inactive' crew to immediately join work

3 days ago

News / Times Of India/ Business

On the other hand, the requirement for crew has gone up since February 27 when Pakistan closed its airspace for overflying. This necessitated stops on long flights that require more crew. It is now creating major operational issues for AI as it is the only Indian carrier with nonstops to US and maximum flights to the west...

Sensex reclaims 38,000-mark; Nifty above 11,400

4 days ago

News / Times Of India/ Business

Top gainers on the BSE index include Kotak Mahindra Bank, ONGC, PowerGrid, TCS, NTPC, SBI and HCL Tech with their stocks surging as much as 4.31 per cent. Hindustan Unilever, Yes Bank and Bharti Airtel were among the major laggards, declining up to 2.16 per cent...

'Perpetuity’ clause stalls Jet Airway’s new flight plan

4 days ago

News / Times Of India/ Business

This had been one of Etihad’s conditions for providing funds to the airline, which needs Rs 750 crore immediately. The board of the Abu Dhabi carrier, which has a 24 per cent stake in Jet, hasn’t approved the funding because of Goyal’s insistence on waiver of the clause, said people with knowledge of the matter. On the other hand, Indian banks have refused to infuse any money until the promoter stake is cut from the current 51 per cent ...

Immigration row: US court junks suit against Infy

4 days ago

News / Times Of India/ Business

Infosys had entered into a $50,000 contract with Apple to provide the latter's online store's engineering organisation with 16 live training sessions in California...

ITAT shields tax sops on 2nd house

4 days ago

News / Times Of India/ Business

The I-T officer had denied the tax benefit as the investment made towards purchase of the new house “was not out of the taxpayer’s own funds”. The commission (appeals) agreed with this stand. The taxpayer thereafter approached the ITAT, which passed an order in her favour...

Air fares skyrocket in fastest growing market on Boeing 737 Max ban

5 days ago

News / Times Of India/ Business

Average fares on 14 main routes jumped more than 65 per cent on Thursday, compared with a year ago, data from online travel agent Yatra.com showed. In contrast, fares on average were up just about 30 per cent on February 12, when India was yet to decide on grounding the Boeing jets, the data showed...

'Biggest' outage at FB, Insta hit users worldwide

5 days ago

News / Times Of India/ Business

The outage began Wednesday afternoon and triggered a flood of gripes on downdetector.com, which tracks trouble accessing online pages, and on rival Twitter. A Downdetector map late on Wednesday showed Facebook service troubles persisting in parts of Australia, Asia, Europe, South America and North America...

'Bomb cyclone': Over 1,300 flights cancelled in US

5 days ago

News / Times Of India/ Business

Colorado governor Jared Polis declared a state of emergency due to the storm and said he had activated the state National Guard to assist in search and rescue operations...

Vistara gets govt approval to commence foreign trips

5 days ago

News / Times Of India/ Business

The Tata Group-Singapore Airlines JV Vistara has got the government’s nod to fly abroad, making it the first private airline being allowed to do so under recently amended rules. The Modi government had in 2016 changed the 5/20 rule — which required an airline to complete five years of operations and have 20 planes in its fleet — to fly abroad to 0/20...

Air India cancels some Europe flights due to crew, aircraft shortage

5 days ago

News / Times Of India/ Business

Air India has cancelled its popular Delhi-Madrid-Delhi, Delhi-Birmingham-Delhi and Delhi-Amritsar-Birmingham flights from this Saturday “due to operational reasons till further notice.” The flights cancelled from March 16 are AI 135 and 136 (Delhi-Madrid-Delhi); AI 113 and 114 (Delhi-Birmingham-Delhi) and AI 117 and 118 (Delhi-Amritsar-Birmingham-Amritsar-Delhi)...

All Boeing 737 Max in India to stop operations by 4 pm today: DGCA chief Bhullar

6 days ago

News / Times Of India/ Business

All the Boeing 737 Max of SpiceJet will be grounded before 4 pm on Wednesday. Late on Tuesday night, India had ordered grounding of this aircraft with immediate effect. However, flight tracking sites showed SpiceJet B737 Max were still operating flights on Wednesday morning...

HC asks Anil co, Edelweiss group firm to resolve row

6 days ago

News / Times Of India/ Business

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Retail inflation rises to 4-month high in February

7 days ago

News / Times Of India/ Business

The retail inflation based on Consumer Price Index (CPI) stood at a 19-month low of 1.97 per cent in January and 4.44 per cent in February 2018. Economists had predicted consumer price index at 2.43 per cent for February, according to a poll by news agency Reuters...

The pricier the booze, the faster it sells as India’s wealth grows

7 days ago

News / Times Of India/ Business

quarter, with its imported Scotch brands leading the way. Rival Diageo reported 12% revenue growth, largely driven by such prestige brands as Johnnie Walker whisky. It’s a sign of how quickly high-end booze has spread as an important marker of the good life in traditionally teetotaling India...

Tycoon taunts ex-wife with 42-ft tall pic of new one

7 days ago

News / Times Of India/ Business

Real estate developer Harry Macklowe, who is pictured in one of the photos was married for the second time on Thursday after a contentious 14-week divorce trial. His new wife, the woman in the other photograph, is Patricia Landeau, president of the French Friends of the Israel Museum. Macklowe built the building where the images appear, 432 Park Avenue...

Naresh Goyal tells Etihad no funds will ground Jet

7 days ago

News / Times Of India/ Business

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Only very experienced pilots to operate Boeing 737 Max & aircraft to be checked during transit: DGCA

7 days ago

News / Times Of India/ Business

Only highly experienced pilots will operate the Boeing 737 MAX and the aircraft will not be released for commercial flying when certain systems are inoperative, something that is routinely allowed for aircraft under minimum equipment list where the plane can fly and the snag be rectified within a given time...

Sensex jumps 383 points to reclaim 37,000-mark; Nifty ends above 11,150

8 days ago

News / Times Of India/ Business

On the BSE platform, Bharti Airtel, PowerGrid, Coal India, Reliance Industries, Tata Steel and Asian Paints were among the major gainers with their stocks surging as much as 8.49 per cent. 25 out of 30 stocks on BSE surged...

Jet Airways secures Rs 2,050 crore loan from PNB: Report

8 days ago

News / Times Of India/ Business

Jet Airways has raised foreign currency term loans worth Rs 1,100 crore and a non-fund based credit facility of Rs 950 crore from Punjab National Bank (PNB), according to copies of loan documents reviewed by a business daily...

Former Infosys CFO Rajiv Bansal to join DXC

8 days ago

News / Times Of India/ Business

Bansal's new innings comes six months after he won an arbitration award against Infosys that allowed him to claim the entire Rs 17.38 crore of severance pay that was granted to him when he quit the company...

Demonetisation won’t curb black money, RBI told government

8 days ago

News / Times Of India/ Business

Despite some reservations the board approved demonetisation, which was proposed by an RBI deputy governor and supported by a note from the finance ministry, which provided a draft scheme for withdrawal of existing Rs 500 and Rs 1,000 bank notes...

US pressing India to stop buying Venezuelan oil: Envoy

9 days ago

News / Times Of India/ Business

The Trump administration has given the same message to other governments, Abrams said, and has made a similar argument to foreign banks and private companies doing business with the Maduro government...

CII releases roadmap for 8% growth in coming years

9 days ago

News / Times Of India/ Business

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Govt cancels sixth, seventh rounds of coal mines auction

9 days ago

News / Times Of India/ Business

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Nirav Modi in London: New business, swanky home, expensive jacket & more

10 days ago

News / Times Of India/ Business

Nirav Modi, who is the prime accused in over $2 billion (around Rs 14,000 crore) Punjab National Bank (PNB) scam, can be seen "walking (with) his small dog each day between his apartment and the diamond company's office."..

Reliance Industries gets NCLT approval for Alok Industries

10 days ago

News / Times Of India/ Business

The NCLT’s Ahmedabad bench approved the Rs 5,050-crore resolution plan submitted jointly by RIL and JM Financial, with immediate effect. Alok Industries is one of the 12 big firms identified for early bankruptcy proceedings by the RBI...

SBI links large savings a/cs and overdrafts to repo rate

10 days ago

News / Times Of India/ Business

With effect from May 1, savings bank deposits, with balances of above Rs 1 lakh, will earn a return equivalent to 2.75% below the prevailing repo rate. Since the current repo rate is 6.25%, the interest on these accounts will continue to be 3.5%. However, should the RBI again cut rates in its next policy in April 2019, the return will come down...

MSMEs created 14% more jobs in last four years, claims CII survey

11 days ago

News / Times Of India/ Business

The findings are contrary to the official and other industry data which show that there was massive job losses since the the note-bank and GST implementation in this very sector. While private sector economic think-tank has found that as many as 13 million jobs were lost in 2018 alone, the official NSSO data show that unemployment rate touched a 46-year high in 2018...

International Women's Day: The rise of women in a male workplace

11 days ago

News / Times Of India/ Business

A study by TeamLease Services, done exclusively for TOI, reveals 12-15% of traditionally male-dominated jobs are estimated to have been replaced by women...

ONGC wrenches back 5 fields govt took away

11 days ago

News / Times Of India/ Business

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Flyers may soon shell out more for airport security

12 days ago

News / Times Of India/ Business

The Central Industrial Security Force (CISF), which provides security deployment at 61 airports, has huge dues from airports, both the PPP metro ones and has some outstanding from Airports Authority of India (AAI) airports. The airport operators have maintained PSF of Rs 130 decided years ago is inadequate to meet CISF deployment expense. “The government then set up a panel to review this demand...

Government announces new Rs. 20 coin

12 days ago

News / Times Of India/ Business Videos

Government announces new Rs. 20 coin..

This airline won’t make its crew wear makeup

12 days ago

News / Times Of India/ Business

Virgin Atlantic’s female flight attendants are known for their red skirts, ruby shoes and bold crimson lipstick. But in a surprising move announced this week, the airline gave them new options: to go without makeup and to wear pants. "We want our uniform to truly reflect who we are as individuals while maintaining that famous Virgin Atlantic style,” the company said...

PM housing scheme itself created 6M jobs: Govt

12 days ago

News / Times Of India/ Business

According to a study carried out for housing ministry, the National Institute of Public Finance and Policy has estimated that while 18.92 lakh direct jobs would have been created due to massive push for building houses under the government’s flagship scheme, another 42.57 lakh jobs would have been created through indirect effects...

India's air travel to tripe by 2037; need to urgently improve airport processes, says IATA

13 days ago

News / Times Of India/ Business

Accordingly, to cope with the massive growth the international agency has requested India to take steps like — doing away with stamping procedures at touch points and allowing mobile boarding passes; adopting automation in border control process, for both departure and arrival; adopting risk-based approach to aviation security instead of 100% pat down checks and allowing self drop for check-in bags...

India's February jobless rate climbed to 7.2%: CMIE

13 days ago

News / Times Of India/ Business

The unemployment rate has climbed despite a fall in the number of job seekers, Mahesh Vyas, head of the Mumbai-based think tank told Reuters, citing an estimated fall in the labour force participation rate. The number of employed persons in India was estimated at 400 million in February compared with 406 million a year ago, he said...

L&T Construction bags large orders from Bangalore Metro Rail Corporation

13 days ago

News / Times Of India/ Business

The project work includes construction of under-ground structures (tunnels and stations) 2.76 Km (approx) long from Vellara Junction station to Shivajinagar station and three UG metro stations at Vellara Junction, M G Road and Shivajinagar on the Reach-6 line...

Bezos, Gates and Buffett still top the world's ultra rich: Forbes

13 days ago

News / Times Of India/ Business

Non-Americans among the top 20 include India's Mukesh Ambani, chairman of Reliance Industries, in 13th place, and China's Ma Huateng, head of the Chinese internet giant Tencent, who rounds out the top 20...

Hyundai Motor, Kia to invest $300 million in Ola

10 hours ago

News / Times Of India/ Business

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Understanding the Mindtree Conundrum

13 hours ago

News / Times Of India/ Business

Mindtree’s launch in August 1999 with Siddhartha’s venture firm GTV and Walden as our partners was the beginning of an amazing, supportive, non-interfering relationship with both, which continued well beyond Mindtree’s 2007 IPO...

L&T unveils near Rs 11,000 crore unsolicited bid for Mindtree

13 hours ago

News / Times Of India/ Business

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RCom-Ericsson tussle: Anil Ambani averts arrest, clear all dues

yesterday

News / Times Of India/ Business Videos

RCom-Ericsson tussle: Anil Ambani averts arrest, clear all dues..

Sensex, Nifty end higher for sixth straight session

yesterday

News / Times Of India/ Business

The 30-share benchmark advanced to hit a high of 38,369.59 as buying activity gathered momentum. However, investors locked in gains pushing the key index into the negative zone to hit a low of 37,952.10 before bouncing back to end 70.75 points, or 0.19 per cent higher at 38,095.07...

A former billionaire's race to raise $80 million and avoid jail

yesterday

News / Times Of India/ Business

The tycoon’s heavily indebted telecom business had promised to pay the local unit of Ericsson AB about Rs 550 crore ($80 million) for past maintenance services. The repeated failure to comply and Ambani’s personal guarantee landed him in trouble last month, with the nation’s top court holding him in contempt. His companies suffered a setback last week after a lower court refused to free up tax refunds withheld by lenders...

A small starter home may help build your dream home

yesterday

News / Times Of India/ Business

The starter home will fulfil your immediate need to stay in your own house while also allowing you to plan for your dream house over the next 5-10 years. “Buy a small, compact home if your income is modest, and it can be sold later to upgrade to a larger house, when your income has risen,” says Anuj Puri, chairman, ANAROCK Property Consultants...

Indian IT’s 1st hostile bid: L&T to make open offer for Mindtree

yesterday

News / Times Of India/ Business

Diversified conglomerate Larsen & Toubro (L&T) is set to launch a hostile bid to acquire mid-tier IT services company Mindtree, possibly as early as Monday evening. It will buy out Coffee Day founder and Mindtree's largest shareholder, V G Siddhartha, and proceed with an open offer to public shareholders, spending as much as Rs 7,000 crore (or $1 billion), for a controlling interest, people directly aware of the matter have told TOI ...

US says door open for India to bring serious trade proposal to table

2 days ago

News / Times Of India/ Business

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Exports in 2018-19 set to finally scale 2013-14 level

3 days ago

News / Times Of India/ Business

Official Blames Global Slowdown On Recent Sluggishness..

Jet Airways pilots seek government help to recover unpaid salaries

4 days ago

News / Times Of India/ Business

In a letter to labour minister, National Aviators Guild, which represents the majority of Jet's pilots, has asked that the airline immediately pay their outstanding salaries and allowances till date with interest...

The spy who loved 'e': Bond's car to go green

4 days ago

News / Times Of India/ Business

The Rapid E is the first move towards electrification by the iconic British sports carmaker (who's developing it in collaboration with Williams Advanced Engineering) and will now join a long pedigree of Aston Martin cars to star in Bond films since 1964, including the DB5, DBS, V8 Vantage Volante and the V12 Vanquish...

India to buy 12% less Iran oil in April versus March: Report

4 days ago

News / Times Of India/ Business

New Delhi, Tehran’s biggest oil client after China, has decided to lift lower volumes in April as a ‘precautionary measure ahead of renewal of waiver,’ said one of the sources familiar with the matter, without elaborating further. The US introduced sanctions aimed at crippling Iran’s economy in Nov but gave a six-month waiver to eight nations, including India...

PayPal hikes cross-border remittance cap to $50k

4 days ago

News / Times Of India/ Business

PayPal has increased the limit of cross-border remittances to $50,000, from $25,000 in 2018 and $10,000 in 2017, to keep up with demands of US customers, particularly the NRI community in North America...

Nirav Modi entered UK on investor’s ‘golden visa’

4 days ago

News / Times Of India/ Business

A golden visa allows a person to work, study or set up a business in the UK. The one-time investment of £2 million has to remain invested for five years before the visa holder becomes eligible for permanent residency which can be accelerated if more is invested. Sources said that visa was issued on Nirav Modi's Indian passport...

Pakistan fails to secure $3.2 billion UAE oil facility: Report

5 days ago

News / Times Of India/ Business

The oil facility was part of the $6.2 billion that the United Arab Emirates announced to give to Pakistan in December to help the country overcome the serious economic woes. The development could again bring under stress Pakistan's foreign currency reserves that have so far been maintained with help of friendly countries, a media report said...

Etihad Airways reports $1.28 billion loss in 2018

5 days ago

News / Times Of India/ Business

The airline's strategy of aggressively buying stakes in airlines from Europe to Australia to compete against Emirates and fellow rival Qatar Airways exposed the company to major losses...

#BoycottChina starts trending as Beijing blocks Delhi's bid to declare Masood Azhar global terrorist

5 days ago

News / Times Of India/ Business

Within an hour of the outcome, the hashtags #ChinaBacksTerror and #BoycottChina were trending on Twitter. Calls to boycott Chinese goods have periodically surfaced on social media, and Beijing’s intransigence in backing Pakistani terrorists is expected to further fire up this demand...

Azim Premji commits Rs 53,000 crore more to philanthropy

5 days ago

News / Times Of India/ Business

Wipro chairman Azim Premji announced an increase in his philanthropic commitment by $7.5 billion, taking his overall commitment to his endowment to $21 billion. This makes it one of the biggest foundations in the world. The Bill & Melinda Gates Foundation has investment assets of about $40 billion, and the Ford Foundation about $12 billion...

10-yr-old gets tips for 'new airline' from Qantas

6 days ago

News / Times Of India/ Business

A few days back, Qantas tweeted Jacquot's letter along with its CEO's reply: "Our competitors don't normally ask us for advice, but when an airline leader reached out, we couldn't ignore it. Naturally, there was only one way to respond: CEO to CEO."..

SBI offers doorstep services for seniors

6 days ago

News / Times Of India/ Business

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IndiGo woos Jet pilots, offers compensation for overdues

6 days ago

News / Times Of India/ Business

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List of countries, airlines banning Boeing 737 Max grows

7 days ago

News / Times Of India/ Business

“SilkAir will be flying the Boeing 737 NG (new generation) to Hyderabad and Bangalore instead of the Boeing 737 Max,” said a SIA spokesperson. Singapore's aviation authority has suspended “all variants of the Boeing 737 MAX aircraft into and out of Singapore.”..

Boeing 737 Max: Countries which have grounded it so far

7 days ago

News / Times Of India/ Business

There are some 350 of the 737 MAX 8 planes currently in service around the world and while some countries and airlines have opted to ground the planes, others are continuing to fly the aircraft pending an investigation into the crash. Singapore, Beijing, Indonesia,South Korea, Mongolia,South Africa,Cayman Airways among others have grounded their MAX airliners...

Sensex soars over 300 points, Nifty above 11,250

7 days ago

News / Times Of India/ Business

Top gainers in early trade include PowerGrid, NTPC, RIL, L&T, ICICI Bank, Tata Motors, HCL Tech and Vedanta, rising over 2.60 per cent. While, Bharti Airtel and IndusInd Bank were trading in the red...

Ebix offers to acquire online travel firm Yatra

7 days ago

News / Times Of India/ Business

In its filing, Ebix said that it can withdraw the offer if the Yatra board doesn’t revert with a positive response. Provided Yatra agrees to the offer, it could take another 30-60 days to complete the transaction. It would need regulatory approvals too...

Naresh Goyal seeks Rs 750 crore lifeline from Etihad, warns delay may ground Jet Airways

8 days ago

News / Times Of India/ Business

In a letter to the Gulf-based carrier's group chief executive Tony Douglas, Goyal also said the airline has also secured the go-ahead from the aviation ministry to pledge its shares in JetPrivelege for securing the interim funding...

NB scam: ED files fresh chargesheet against Nirav Modi

8 days ago

News / Times Of India/ Business

Officials said the charge sheet or the prosecution complaint has been filed before a special Prevention of Money Laundering Act (PMLA) court in Mumbai. This is a supplementary charge sheet against the diamantaire and few others and the agency has recorded additional evidences gathered in the case and attachments made, they said...

Do you have money fights? Find out how to resolve issues

8 days ago

News / Times Of India/ Business

A lot of families have disagreements over financial matters. Almost 55% of the 550 respondents to an online survey conducted by ET Wealth in January said they have frequent fights over money with their life partners. We look at the five reasons why couples argue about money and how to resolve or avoid them...

After 5 years of growth, SUV sales hit a bump

8 days ago

News / Times Of India/ Business

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SpiceJet announces 12 domestic and international flights

9 days ago

News / Times Of India/ Business

SpiceJet recently announced the launch of 12 new direct flights encompassing international, UDAN as well as regular domestic routes. All flights on the domestic sectors are effective from March 31 while the international flight will commence operations on April 15...

Second B737 Max crash: India seeks info from Boeing

9 days ago

News / Times Of India/ Business

In India, SpiceJet and Jet Airways have ordered Boeing 737 Max. While several of Jet's planes, including its B737 Max, are grounded, SpiceJet is currently operating 13 B737 Max...

India seeks Saudi investment in strategic oil storage, rescue plan for refinery project

9 days ago

News / Times Of India/ Business

Shiv Sena had opposed the project at Ratnagiri district and the BJP agreed to its demand of shifting out the project as part of electoral understanding for the ensuing Lok Sabha polls...

RBI says no data on demonetised 500, 1,000 rupee notes used at petrol pumps

9 days ago

News / Times Of India/ Business

The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps, which are believed to have formed a good part of the demonetised currency that returned to the banking system. As per RBI, as much as 99.3% of the junked Rs 500 and Rs 1,000 notes have returned to the banking system...

Trade deal with China only if it is good for US: Donald Trump

10 days ago

News / Times Of India/ Business

The world's two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war. But he also told reporters at the White House on Friday that he is confident of entering into a trade deal with China...

Citi set to name top APAC exec as India CEO

10 days ago

News / Times Of India/ Business

Khullar joined Citi three decades ago and headed several divisions across geographies before becoming co-head of corporate banking in Europe and Middle East. He became the equity capital markets (ECM) origination head in Asia-Pacific two years ago..

LN Mittal set to gain control of Ruias’ Essar Steel

10 days ago

News / Times Of India/ Business

The Ahmedabad bench of National Company Law Tribunal (NCLT) on Friday approved the resolution plan submitted by the world’s largest steel-maker ArcelorMittal to the Committee of Creditors (CoC) and Resolution Professional (RP) of Essar Steel...

GoAir A320 Neo suffers PW engine failure on Patna-Delhi route, diverts safely to Lucknow

11 days ago

News / Times Of India/ Business

“The aircraft while flying as G8 150 had an engine failure around 7 pm on Thursday. The pilots issued PAN-PAN call, an international standard urgency signal. The pilots descended to a lower altitude and diverted to Lucknow,” said a source...

Number of women taking loans rises by 48%: Study

11 days ago

News / Times Of India/ Business

The report reveals that of the total new loan accounts of 86 lakh opened by women, over 56 lakh are in these five states. The study notes that there has been a 48% growth in successful credit applications among women borrowers between 2015 and 2018. “In comparison, the growth among male consumers is slower at 35%,” the report said...

Avail increased GST exemption limit, composition scheme by April 1: Finance Ministry

12 days ago

News / Times Of India/ Business

"There would be two threshold limits for exemption from registration and payment of GST for the suppliers of goods, i.e., Rs 40 lakhs and Rs 20 lakhs. States would have an option to decide about one of the limits. "The threshold for registration for service providers would continue to be Rs 20 lakhs and in case of special category states Rs 10 lakhs," it said...