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Penalty on airline trio

The Competition Commission of India (CCI) on Wednesday slapped a total penalty of more than Rs 54 crore on three airlines - Jet Airways, InterGlobe Aviation and SpiceJet - for unfair business practices with respect to fixing fuel surcharge on cargo transport.
Mar 08, 2018 00:00 IST

Strong pitch for rating upgrade

India on Wednesday pitched for a sovereign rating upgrade during a meeting of North Block officials with Fitch Ratings, citing the country's commitment to fiscal consolidation and tax reforms.
Our Special Correspondent Mar 08, 2018 00:00 IST

Stocks bleed on bank scare

Nervous investors on Tuesday dumped banking stocks after the Serious Fraud Investigation Office (SFIO) asked several banks to provide the details of their funding to Mehul Choksi and Nirav Modi firms.
Our Special Correspondent Mar 07, 2018 00:00 IST

Bandhan Bank a step closer to flotation

Private lender Bandhan Bank has moved closer to launching its public offer, which is estimated to raise over Rs 2,500 crore.
Our Bureau Mar 07, 2018 00:00 IST

Sebi asks TaMo to probe data leak

Market regulator Sebi on Tuesday directed Tata Motors to conduct an internal inquiry into the leak of unpublished price sensitive information (UPSI) pertaining to its quarterly financial results through WhatsApp.
Our Special Correspondent Mar 07, 2018 00:00 IST

CBI glare on Mallya episode

The CBI has called some 46 officers of the State Bank of India to probe the bankruptcy of Kingfisher Airlines and its promoter Vijay Mallya leaving the country as the Narendra Modi-government grapples with a diamond scam whose alleged perpetrators Nirav Modi and Mehul Choksi have also left the country.
Jayanta Roy Chowdhury Mar 07, 2018 00:00 IST

Buzz on RBI prop for govt

The Union government may get a Rs 10,000-crore bonanza from the Reserve Bank of India (RBI) soon.
Our Special Correspondent Mar 07, 2018 00:00 IST

Tribunal queers R-Com pitch

An arbitration tribunal, in an interim order, has restrained Reliance Communications Ltd (R-Com) from the sale, transfer or mortgaging of assets.
Our Special Correspondent Mar 07, 2018 00:00 IST

Union Bank NPA sale plan

The Union Bank of India has put on sale stressed assets worth more than Rs 10,000 crore.
A Staff Reporter Mar 07, 2018 00:00 IST

First LNG from US

The first ever consignment of US liquefied natural gas (LNG) would arrive in the country later this month, about nine months after the arrival of a consignment of American crude, indicating increasing energy ties between the two countries.
Our Special Correspondent Mar 07, 2018 00:00 IST

Cloud over Electrosteel Steels bid

Renaissance Steel India Pvt Ltd has filed a petition before the National Company Law Tribunal (NCLT) challenging the eligibility of Vedanta Ltd to bid for Electrosteel Steels Ltd (ESL).
Our Special Correspondent Mar 07, 2018 00:00 IST

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