The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital - which has won the bid to revive Jet Airways - on Monday said it expects to start operating the airline by the summer of 2021.
Equity benchmark Sensex rallied 347 points to end at its fresh lifetime peak on Monday, tracking gains in index majors HDFC, HUL and ICICI Bank amid unabated foreign fund inflows.
Gold prices declined Rs 104 to Rs 48,703 per 10 gram in the national capital on Monday in line with weak global prices of the precious metal, according to HDFC Securities.
Last week, banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers.
IndiGo chief executive officer Ronojoy Dutta said the sudden outbreak of COVID-19 and the resulting lockdown brought the airline's operations to a complete halt by the end of March.
The rupee appreciated by 7 paise to 73.73 against the US dollar in the opening session on Monday on sustained foreign fund inflows and positive domestic equities.
Petrol pums in Punjab will stay closed on December 8 to show solidarity with the farmers who are protesting against the new farm laws.
Equity benchmark Sensex jumped over 150 points and Nifty crossed the 13,300 level to touch their fresh lifetime peaks in early trade on Monday tracking gains in index majors ICICI Bank, ITC and HUL amid persistent foreign fund inflow.
The company, the dedicated financing arm of the Indian Railways, will be going for the anchor investment also.
Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank's proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02 per cent with the subsidiaries of private sector lenders.
Term insurance plans have become extremely popular in recent times. People are attracted to term plans over traditional life insurance policies because of high sum assured at very low premiums.
The All India Bank Employees' Association (AIBEA) in a statement said the government should come forward and resolve their demands in the interest of the nation and farmers.
India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.
Petrol price on Sunday was hiked by 28 paise per litre and diesel by 29 paise, the fifth straight day of increase in rates due to firming international oil prices. Petrol price in Delhi rose to Rs 83.41 per litre from Rs 83.13. Diesel rates went up from Rs 73.32 to Rs 73.61 per litre. Rates crossed Rs 90-mark for petrol and Rs 80 in case of diesel in Mumbai.
Jharkhand, the only remaining state, has now communicated its acceptance of Option-1 given by the Centre.
India's coal import saw a drop of 18.6 per cent to 116.81 million tonnes (MT) during April-October this fiscal as against the same period a year ago.
Air India subsidiary Alliance Air on Saturday said it commenced daily direct flight operations from Mumbai to Goa.
The portion meant for qualified institutional buyers (QIBs) was subscribed 86.64 times, non-institutional investors 354.11 times and retail individual investors (RIIs) 68.15 times.
Petrol price on Saturday was raised by 27 paise per litre and diesel by 25 paise, according to a price notification of oil marketing companies.
Pune-based Serum Institute of India (SII) has collaborated with the University of Oxford and the British-Swedish pharmaceutical company AstraZeneca for making the Covid-19 vaccine, ‘‘Covidshield’‘, and is conducting trials in India.
Top News
Latest News
