New Delhi (IANS) Days after the dismissal of his petition by the Supreme Court, the Serious Fraud Investigation Office (SFIO) on Friday arrested IL&FS CEO Ramesh Bawa in a case related to massive loan defaults. The former top executive has been … read more
New Delhi (IANS) A hapless government slap bang in the middle of getting re-elected needs to be prepared for a harsh backlash in the eventuality that it returns to power. As of now, it appears that Prime Minister Narendra Modi should … read more
Mumbai/New Delhi (IANS) With its fleet size further shrinking to 14 aircraft, debt-ridden Jet Airways on Thursday suspended long-haul West-bound flight departures for one night and invited government scrutiny over the airline’s regulatory compliance. The development came after the once premier … read more
Mumbai/New Delhi (IANS) Even as former Jet Airways’ Chairman Naresh Goyal is expected to submit initial bids to purchase stake in the airline, the state-run National Investment and Infrastructure Fund Limited (NIIFL) has shown interest in the cash-strapped carrier’s stake sale … read more
New Delhi (IANS) The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) and Google India Digital Services Private Limited to file a reply on the plea alleging Google Pay not being listed as an authorised operator as … read more
Mumbai (IANS) Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates, effective from … read more
New Delhi (IANS) After detecting mismatches in some e-way bill submissions, the Centre is now examining more GST Network (GSTN) data to see if such evasions are increasing sufficiently enough to consider withdrawing the facility of generating multiple e-way bills on … read more
Mumbai (IANS) Denying reports of it approving the merger of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Ltd (IHFL), the Reserve Bank of India has said that the merger does not have its nod so far and it would examine … read more
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