Airport charge tiff

New Delhi, July 8: Airline operators have warned that the three-fold hike in aeronautical tariff at the Indira Gandhi International Airport will sound the death knell for some of the carriers reeling under severe financial stress. Claiming that the 345 per cent hike will make the airport the “most expensive” in the world, the airlines have knocked at the doors of Delhi High Court seeking legal intervention. Their petition is expected to come up in the high court on July 10.

SBI move

New Delhi, July 8: The State Bank of India (SBI) is unlikely to go for consolidation of its associate banks this year as some issues are yet to be sorted out. “Merger (of associate banks) is not an immediate priority. It will not happen in the near future,” a senior SBI official said.

Selloff strategy

New Delhi, July 8: The finance ministry is mulling setting up an exchange traded fund for selling shares of state-owned companies as part of its measures to meet the divestment target of Rs 30,000 crore in the current fiscal.

Fake notes

New Delhi, July 8: The RBI, in a bid to spread awareness about fake notes, has launched a website — www.paisaboltahai.rbi.org.in — explaining ways to detect counterfeit notes.