NEW DELHI: The civil aviation ministry is looking at developing more airstrips as well as calibrating regulations for major and small airports to boost air connectivity, a senior official said on Wednesday. India is one of the fastest growing civil aviation markets in the world, with domestic air traffic...
NEW DELHI: To enhance operational efficiency and reduce the risk to clients’ securities, markets regulator Sebi on Wednesday decided to make the process of direct payout of such securities to the client’s account mandatory. This will become effective from October 14, the Securities and Exchange Board of India (Sebi)...
MUMBAI: The rate-setting panel of RBI on Wednesday started its three-day deliberations to decide the next monetary policy amid expectations of continuation of the current interest rate. Reserve Bank Governor Shaktikanta Das will announce the decisions taken by the Monetary Policy Committee (MPC) on Friday. Experts are of the...
NEW DELHI: Hindalco Industries on Wednesday announced that its US arm Novelis Inc has postponed its initial public offering (IPO) due to market conditions. Novelis will continue to evaluate the timing of the offering in the future, Hindalco said in a filing to BSE. Few days back, Novelis Inc...
NEW DELHI: In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR. The takeover follows insolvency...
MUMBAI: Notwithstanding the “unexpected” election results, chief executive officers (CEOs) of Indian companies anticipate that the new government will persist with economic reforms and maintain policy continuity, even though the National Democratic Alliance (NDA) secured fewer seats than projected in the general elections. Industry leaders are calling for continued...
NEW DELHI: The new government at the Centre may go slow in some key pending reforms, including in labour and agriculture as well as in privatisation of state-run firms, given the reduced majority of the National Democratic Alliance (NDA), analysts said.The BJP, which is short of the majority mark...
NEW DELHI: India’s 5G spectrum auction — the telecom sector’s most watched event — has been put off again, this time till June 25. On Tuesday, the Department of Telecommunications amended the notice inviting applications, which outlines the auction rules, deferring the sale by another 19 days. This decision...
NEW DELHI: With the Lok Sabha election results indicating that there will be a coalition government at the Centre, economists expect the upcoming Budget to take a populist turn with a likely spurt in welfare and support schemes. “Every government focuses on welfare schemes, but the larger the coalition,...
MUMBAI: Tata Motors in a filing to the exchanges said on Tuesday that the board of directors of Tata Motors, Tata Capital and Tata Motors Finance have approved a merger of Tata Motor Finance with Tata Capital through an NCLT scheme of arrangement. ET had reported on Tata Motors’...
NEW DELHI: The government has revised upwards wheat production at record 112.92 million tonne for the 2023-24 crop year (July-June) in its third estimate. The output, which has been revised upwards by 0.91 million tonne from the second estimate, is also higher than the previous record high of 110.55...
NEW DELHI: Capital markets regulator Sebi on Tuesday said it has set up a committee to review the ownership and economic structure of clearing corporations and suggest measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers. The ad-hoc committee would be chaired by Usha...
NEW DELHI: The Netherlands has emerged as India’s third largest export destination after the US and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3 per cent, according to the commerce ministry data. The main commodities which registered healthy exports growth in the Netherlands include...
MUMBAI: Air India on Tuesday said it has partnered with Delhi Metro and Delhi airport to facilitate check-in for international air passengers at two metro stations in Delhi. The check-in and baggage drop facility at the Delhi airport allows passengers to check in their baggage at the metro station,...
NEW DELHI: Future trajectory of stock market hinges on the new government’s economic policies, with factors like GDP growth, inflation, and global conditions playing a key role, experts said on Tuesday. With the BJP-led NDA still looking to form a government, though with the important support of coalition partners,...
NEW DELHI: India will host the world’s most premier aviation event, the annual general meeting (AGM) of the International Air Transport Association (IATA), next year, after a gap of 42 years. This will be the third time the IATA AGM — considered one of the most significant events in...
NEW DELHI: Manufacturing activity eased to a three-month low of 57.5 in May from 58.8 in the previous month as heatwaves and rising production costs took a toll on the sector, showed a private survey released on Monday. “The pace of expansion slowed, led by a softer rise in...
MUMBAI: The government is working on parametric and hydroelectric insurance pools for better disaster protection, and is engaging with regulators and insurers for such products, said GIC chairman Ramaswamy Narayanan. The parametric cover will pay claims based on predefined disaster triggers, such as earthquakes or storms, while the hydroelectric...