In a first, woman appointed CEO of AI’s regional subsidiary Alliance Air

In a first for Indian aviation, a woman has become the CEO of an Indian carrier: the government has appointed Harpreet A De Singh as the CEO...

CEA says lenders must take steps to avoid risks, monitor lending

Lenders should be conscio...

RBI is faced with a ‘trilemma’ as economy shrinks, inflation rises

Mumbai: As rising inflation mainly on account of food prices prevents any rate cut, the Reserve Bank of India is faced with a problem that is known as the ‘trilemma’, which has been preventing it from cutting interest rate in the previous two monetary policy that is needed to revive the economy. 

Income tax return filing deadline for FY20 extended till Dec 31

Newdelhi: The deadline for filing returns by individual taxpayers for FY 2019-20 has been extended by a month till December 31, the finance ministry said on Saturday. For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021. The government had in May extended the ...

Interest on interest during moratorium period for loans up to Rs 2 cr waived

New Delhi: The Centre has announced the waiver of interest on interest for loans up to Rs 2 crore after the Supreme Court asked it to implement the scheme that is likely to cost the government Rs 6,500 crore.

Finance ministry issues guidelines for implementation of interest waiver on loan

New Delhi: In a festival gift to borrowers, the Finance Ministry on Wednesday approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months of loans up to Rs 2 crore.

Chinese smartphone makers increase market share in India despite anti-China sentiment...

Bengaluru: The anti-China sentiment post the India-China standoff at Galwan Valley in May has had little impact on the Chinese smartphone makers in India. Even as some sections of society called for a boycott of Chinese products, smartphone sales figures indicate Chinese brands are still the most preferred in India.

Air India sale: Centre to ‘removing constraints’ for smooth takeoff of deal

The Centre has said it will 'remove constraints' for investors in the sale of Air India Ltd and is also likely to be extended the bid date beyond October 30.

TOP 5 FOR THE DAY

Sean Connery, the first James Bond, dies at 90

Actor Sean Connery, best remembered for playing fictional spy James Bond, died in his sleep at the age of 90, leading to an outpour of tributes across the globe for one of Britain's best-loved screen heroes.

Bihar elections: Asaduddin Owaisi seeks votes on CAA plank

Patna: The AIMIM led by Asaduddin Owaisi may not have a big say in the Assembly elections in Bihar. But, it could end up denting the chances of the Mahaghatbandan (grand alliance) between the RJD and the Congress. 

Student activists in Imphal burn smokeless tobacco products worth ₹10 lakh

Members of the Kangleipak...

Election commission okay with BJP’s free Covid-19 vaccine promise

The Election Commission finds nothing wrong in BJP’s poll manifesto for Bihar elections, which promised free COVID-19 vaccine for all.

AICTE approves courses in AI, robotics in colleges for 2021-2022

The All India Council f...

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Social media comes to old man’s help, revives dhaba

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Sniffer dog Rana is poachers’ nightmare

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Man runs dog over with SUV; case filed against him

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Special CBI court acquits all accused in Babri Masjid demolition case

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Will tourists spots, film halls open in Unlock 5.0

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Farmers protest: Tensions escalate as tractor burnt at India Gate

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SPB departs, his melodies linger on

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China and Bangladesh will lead Asia’s revival post COVID

China and Bangladesh are likely to lead the revival, at least in Asia, as global economies try to come out of the abyss they find themselves in due to the crisis caused by the coronavirus. The economic recovery in China has been faster than expected, according to the International Monetary Fund (IMF) forecast for the global economic growth 2020....

Passenger vehicle sales may be up, but it’s not hunky dory for auto sector

Mumbai: Factory dispatches of PVs grew 26.5 per cent in September from a year earlier to 2,72,027 units. However, comparing current sales with the previous year’s figures could be misleading as demand had been poor in the past due to a host of factors

Jet Airways lenders approve plan by Kalrock, Jalan to revive airline

The lenders of Jet Airways (India) Ltd, which had shut operations in April last year ago due to fund crunch, have approved a plan to revive the airline under the control of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalal, reported The Indian Express on Saturday (October 18).

Paytm users to pay 2% charge on using credit cards to top up wallets

Newdelhi: Paytm users will have to pay a 2 per cent fee on the amount added to their e-wallet using a credit card. Until now, users had to pay 2 per cent fee if they loaded more than Rs 10,000 in their e-wallets via credit card in a month. A message saying "Nominal charge of 2 per cent is applicable on adding money using credit card. Nominal fee is app...

India fights COVID blues: Exports grew 6% after six-month dip

India’s economy is definitely struggling, but a 6% growth in merchandise exports in September has come as a pleasant surprise in the middle of a gloom. India’s outbound shipments rose for the first time in seven months.

Audi launches luxury entry-level SUV Q2 starting at ₹34.99 lakh

German auto major Audi is banking on entry-level luxury car segment to widen its customer base to enhance its overall sales as it gradually recovers from the impact of coronavirus in India, according a senior company official.

GST dues: FM relents; tells states that Centre will borrow on their behalf

Finance Minister Nirmala Sitharaman has written to states, explaining the reason for the government’s U-turn after four months of confrontation over Goods and Services Tax dues. The Centre has decided to borrow up to ₹ 1.1 lakh crore on behalf of states.

Despite subscriber growth, tariff hike unlikely as telcos fear RJio aggression

New Delhi: Subscriber growth, for the first time after the pandemic, should ideally be good news for India’s beleaguered telcos struggling under massive losses and poor margins. It should have offered at least the incumbent telcos an opportunity to increase tariffs.

Good news amid pandemic: Infosys Q2 profit up 14%, declares salary hikes from Jan

Even as the global job and salary markets crashed, Infosys -- India’s premier IT company -- beat the market blues to report a 14 per cent rise in net profit to INR 4,845 crore for the July-September period compared to the previous quarter. For the same quarter, the company’s revenue increased 3.82 per cent to INR 24,570 crore.

Domestic market allure ‘misleading:’ ex-CEA Arvind Subramanian’s pa...

New Delhi: As the Centre strives for 'atmanirbharata', a research paper co-authored by former chief economic advisor Arvind Subramanian has said India should pay more attention to exports and should not be blinded by the "misleading allure of the domestic market".

Sahara Group says it has re-paid ₹3,226 crore to its depositors

The Sahara group has re-paid ₹3,226 crore to its depositors in the last 75 days, the firm has said while promising to pay back each of its investors, according to Business Standard.

Retail inflation surges to 7.34 per cent on higher food prices

New Delhi: Retail inflation increased to 7.34 per cent in September, the highest in eight months, on account of higher food prices. It was 3.99 per cent a year ago. In August, it stood at 6.69 per cent.The retail inflation, as measured by the consumer price index, was outside the Reserve Bank of India’s comfort band of around 4 per cent for the sixth month in a row.

As govt unlocks economy, will Sensex hit record high by Dec?

Sentiments have also been boosted by expectations of better-than-expected results from some heavyweights in the stock markets as some key economic indicators show signs of revival ahead of more relaxations kicking in from October 15, as multiplexes and schools will be allowed to reopen and government will allow larger gatherings.

India will overtake Japan to become 3rd-largest economy by 2050: Lancet study

New Delhi: India will overtake Japan to become the third-largest economy in the world behind USA and China by 2050 and continue to occupy the slot till 2100, according to a study published by medical journal Lancet. The study made the forecast by constructing GDP models based on the availability of working age population in various countries.  

Darker days ahead for airlines across the globe

Bitten harshly by the pandemic that forced people to abort their travel plans even after the flight restrictions were lifted, the aviation industry is perhaps looking at darker days ahead, with several airlines realising the bitter truth slowly with year coming to an end.

Can’t waive ‘interest on interest’ for all sectors: Centre tells SC

The Centre on Friday (October 9) informed the Supreme Court that it wouldn’t be possible on its part to waive the interest on compounding on various sectors, as it will seriously affect the banks and depositors. “Policy is the domain of the government and court should not go into sector-specific financial relief. Any further relief, besides waiv...

GST e-invoicing for all business-to-business transactions from next financial year

New Delhi: Electronic invoicing (e-invoicing) for Goods and Services Tax (GST) will be made mandatory for all business to business transactions from April 1 next year, the government said, as it looks to do away with physical invoices and e-way bills to streamline tax collection and plug revenue leaks.

RBI sees economy contracting by 9.5%, keeps rates unchanged

The Monetary Policy Committee of the Reserve Bank of India on Friday (October 9) kept the repo rate unchanged at 4 per cent. RBI Governor Shaktikanta Das said India’s economy is likely to contract by 9.5 per cent in the current financial year with risks tilted to downside. The GDP may break out of the coronavirus-induced contraction and turn pos...

Indian aviation in dire straits, AAI seeks ₹1,500 crore working capital loan

New Delhi: The unprecedented impact of the COVID-19 pandemic and the consequent air travel restrictions on the aviation sector has been so severe that the country’s largest airport operator, state-run Airports Authority of India (AAI), has been forced to borrow ₹1,500 crore for working capital requirements this year as it stares at a rare net loss.

Apple orchard? Firm signs biggest office space deal in India in Bengaluru

The US-based technology giant Apple Inc. invested in office rental space of four lakh sq ft in Bengaluru's central business district (CBD) area. The property developed by Prestige Estates is nestled off the busy Mahatma Gandhi Road, overlooking the Chinnaswamy cricket stadium. 
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