Global weakness drags Sensex 572 points

Mumbai, Dec 6: Benchmark indices corrected sharply for the second consecutive session in line with global weakness on Thursday, ahead of a crucial OPEC meeting decision due later in the day. In intraday trade, the Sensex fell more than 600 points and the Nifty broke 10,600 levels. Traders also remained cautious ahead of five states […]

IndiGo becomes first Indian airline to have 200 planes

IndiGo becomes first Indian airline to have 200 planes

New Delhi, Dec 6: IndiGo on Thursday became the first Indian carrier to have 200 aircraft in its fleet with a brand new Airbus A320 Neo (VT-IZI) flying into Delhi from Toulouse, France, to join the low cost carrier. The airline, which started operations on 4 August 4, 2006 with a Delhi-Impal flight, has so […]

NBCC, Kotak Investment among four shortlisted bidders for Jaypee Infra

New Delhi, Dec 6: State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group have been shortlisted as bidders for debt-laden Jaypee Infratech, according to a regulatory filing. Jaypee Infratech is undergoing insolvency proceedings in the NCLT. L&T Infrastructure, which was among the five companies that had submitted expression of interest (EOI), was however excluded […]

Housing.com to invest Rs 35 cr in next 4 months on branding

New Delhi, Dec 6: News Corp-backed Housing.com will invest USD 5 million (around Rs 35 crore) by March next year on branding and promotion as it seeks to increase customer base on its platform, a top company official said. In January 2017, Singapore-based Elara Technologies, which owns PropTiger.com and Makaan.com, acquired Housing.com — a start-up […]

Global cues, RBI meet outcome weigh on indices; Nifty below 10800

Mumbai, Dec 5: It’s a negative close for the market for second consecutive session as investors reacted to the stance on interest rates by the Reserve Bank of India. The Monetary Policy Committee (MPC) kept interest rates unchanged, but sharply cut the inflation targets for October-March. However, equity benchmarks are off their low points as […]

Etihad in talks with debt-laden Jet Airways on rescue deal

Etihad in talks with debt-laden Jet Airways on rescue deal

New Delhi, Dec 5: Etihad Airways is holding talks with Jet Airways Ltd and its bankers on a rescue plan for the debt-laden Indian carrier, two sources aware of the matter said. Executives from Etihad and Jet have met some of the airline’s bankers in Mumbai in recent days to discuss ways to address its […]

Outlook on banks Negative; private lenders to recover faster: Fitch

Outlook on banks Negative; private lenders to recover faster: Fitch

New Delhi, Dec 5: Fitch has retained negative outlook for Indian banks reflecting the ongoing challenges for weak lenders, such as struggle to maintain core capitalisation amid poor profitability and rising macro headwinds. The rating agency said that the public sectors banks need more capital infusion than the central government has already planned. The Indian […]

Vodafone donates Rs 5.4 lacs for education of children

Vodafone donates Rs 5.4 lacs for education of children

Srinagar, Dec 5: Vodafone donated a sum of Rs 5.4 lakh for education of underprivileged children in Kashmir in keeping with the ‘spirit of giving’ associated with this pious month. Now in its sixth year, the annual ‘Giving Initiative’ by Vodafone commemorates Ramzan in the most noble of ways by giving the gift of education […]