NEW DELHI: The Directorate General of Civil Aviation (DGCA) on Friday concluded that there was violation of several rules onboard the IndiGo flight that flew actress Kangana Ranaut from Chandigarh to Mumbai on September 9. Consequently, the regulator has asked the airline to take “appropriate action” against these passengers. The […]
World
(Representative image) HYDERABAD: Buying an insurance policy will no longer be an onerous affair. Now, you will be able to buy any non-life insurance policy, such as health or motor cover, just with the help of a one-time password (OTP) received on your mobile number validated by the insurance company. […]
(Representative image) NEW DELHI: Markets regulator Sebi (Securities and Exchange Board of India) on Friday tweaked asset allocation framework for multicap mutual funds, asking such funds to have a minimum corpus of 75 per cent invested in equities as against the present mandate of 65 per cent. Further, such funds […]
NEW DELHI: Moody’s Investors Service on Friday slashed India’s growth projection for the current fiscal to (-) 11.5 per cent, from (-) 4 per cent estimated earlier, saying the economic contraction would be more pronounced due to the lockdown and continued rise in coronavirus cases. The US-based rating agency also […]
(Representative image) NEW DELHI: Industrial production declined by 10.4 per cent in July, mainly due to lower output of manufacturing, mining and power generation, as per the government data released on Friday. According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 11.1 per […]
NEW DELHI: The Centre has released Rs 6,195 crore to 14 states as monthly instalment of post devolution revenue deficit grant. “The government on September 10, 2020 released Rs 6,195.08 crore to 14 states as the sixth equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by […]
SEOUL: A $2-billion-plus deal for a South Korean property developer to take over loss-making Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs. The global travel restrictions imposed to try to control the virus have wreaked […]
MUMBAI: Reliance Industries (RIL) on Thursday became the first Indian company to cross the $200-billion market capitalisation mark after its stock surged over 8% on the back of reports that global retailing giant Amazon has been offered a $20-billion worth of stake in its retail venture. From being an entity […]
(Representative image) BENGALURU: Baring Private Equity Asia (BPEA) is acquiring Nasdaq-listed IT services & digital engineering company Virtusa in an all-cash deal that values the transaction at $2 billion. The price per share is a premium of about 27% to the closing price of Virtusa’s stock on Wednesday. Of Virtusa’s […]
WASHINGTON: The impact of Covid-19 pandemic is significant on India’s development and the immediate priority is a coordinated policy response, the International Monetary Fund (IMF) has said. “Given the unprecedented shock, the immediate priority is a coordinated policy response to fight the virus,” said IMF spokesman Gerry Rice at a […]