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ECONOMY
ED summons AirAsia top brass for questioning on Jan 20
New Delhi: The Enforcement Directorate (ED) on Thursday said it has summoned AirAsia's top management including its Malayasia-based CEO Tony Fernandes for questioning on January 20.
A source in the ED said that they have summoned the…
ED files charge sheet in Religare fraud case
New Delhi: The Enforcement Directorate on Friday filed a charge sheet against former Ranbaxy owners, Malvinder Mohan Singh and Shivinder Mohan Singh, in connection with the Religare Finvest fraud case.
The prosecution complaint filed…
SC puts Cyrus Mistry’s reinstatement as Tata Son’s chief on hold
New Delhi: The Supreme Court on Friday stayed an NCLAT order reinstating Cyrus Mistry as Tata Son's Chairman. Chief Justice S.A. Bobde said the NCLAT granted a prayer not made.
During the pendency of the petition in the apex court,…
Mobile voice, data traffic surge in Jul-Sept ’19 qtr: Kotak
New Delhi: Mobile data and voice traffic surge saw the telcos' operational parameters steady in the July-September quarter despite it being a seasonally weak period for voice traffic, said a report from Kotak Equities.
Stable pricing and…
NBFC credit disbursal to remain weak in India: World Bank
New Delhi: World Bank has cautioned India that credit flow from the non-bank financial companies (NBFC) is expected to linger while growth will remain subdued at 5 percent for the current fiscal.
"In India, where weakness in credit from…
Petrol, diesel prices continue to rise on Tuesday
New Delhi: Fuel prices continued to surge as the price of petrol rose by 5 paise and that of diesel by 12 paise across all major cities on Tuesday.
According to information on the Indian Oil Corporation website, petrol now costs Rs 75.74…
SEBI modifies rating withdrawal norms for CRAs
New Delhi: The Securities and Exchange Board of India (Sebi) on Friday tightened the noose around the corporates, saying if companies are not cooperating with credit rating agencies (CRAs) on disclosure of loan defaults, then the latter…
Air India to be operational till privatisation: Minister to AI unions
New Delhi: Civil Aviation Minister Hardeep Singh Puri has reassured Air India's employees that the passenger carrier will remain operational till its privatization process is complete, one of the airline's unions said on Thursday.
Puri…
Petrol, diesel prices hiked across all major cities
New Delhi: After no change on New Year Day, petrol and diesel prices were hiked once again on Thursday, the Oil Marketing companies said.
Petrol prices were up by 8-11 paise and diesel was hiked by 11-14 paise in all major cities across…
Firms, shops get one more month to go digital
New Delhi: Shops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of the government's stride towards a less-cash economy, will not have to…