Chicago (IANS) Boeing is temporarily cutting production of its best-selling 737 airliner in the continuing fall-out from crashes in Ethiopia and Indonesia. The production will drop from 52 planes a month to 42 from mid-April, Boeing has said in a statement. … read more
New Delhi (IANS) Public sector telecom carrier BSNL has said there is no plan to effect any lay-offs in the company, as well as any move to reduce the retirement age although an attractive VRS is underway for “willing” employees. “Turnaround … read more
New Delhi (IANS) The Confederation of All India Traders (CAIT) welcomed Tuesday’s Supreme Court order that struck down a controversial RBI circular that mandated they immediately resolve loans of Rs 2,000 crore and above. The court verdict would have a bearing … read more
Kolkata (IANS) Coal India Ltd (CIL) on Monday said it has, for the first time, breached the 600 million tonne (MT)-mark in its production and off-take, clocking a 7 per cent and 4.8 per cent growth, respectively, during 2018-19 fiscal but … read more
Mumbai (IANS) Even as it tries to stave-off a proposed mass leave by a section of pilots, Jet Airways on Saturday said it has the requisite number of aviators to man its fleet currently under operation. “Operations on Monday are unlikely … read more
New Delhi (IANS) State-run Punjab National Bank (PNB) on Friday said it will sell part of its stake in PNB Housing Finance (PNBHFL) to global equity firms General Atlantic Group and Varde Partners for a total of Rs 1,851.60 crore. The … read more
New Delhi (IANS) The Supreme Court on Thursday dismissed petitions seeking stay on the merger of three public sector banks — Dena Bank, Vijaya Bank and Bank of Baroda. The merger is set to take effect on April 1. Rejecting the … read more
Mumbai (IANS) Despite negative trends in global markets, the key Indian equity market indices on Thursday opened higher ahead of the futures and options (F&O) contracts’ expiry. The Sensitive Index (Sensex) of the BSE, which had closed at 38,132.88 on Wednesday, … read more
New Delhi (IANS) Former State Bank of India (SBI) Chairman Arun Kumar Purwar tops the list of probable to head the interim board of Jet Airways, among others, sources told IANS. The other names doing the rounds include Janaki Ballav and … read more
Bengaluru (IANS) Infrastructure behemoth Larson & Toubro (L&T) Ltd on Tuesday offered to buy over 5.13 crore shares or 31 per cent of IT major Mindtree’s equity stake for Rs 5,030 crore at Rs 980 per share of Rs 10 face … read more