IndiGo profit jumps 168% to Rs 496 crore in Q3(5 minutes ago) New Delhi, Jan 27 (IANS) Riding high on peak season travel demand and enhanced connectivity, low-cost carrier IndiGo has reported 168 per cent jump in net profit to Rs 496 crore in the quarter ending December 2019.
Strong disqualification norms in place for Air India bids(17 minutes ago) New Delhi, Jan 27 (IANS) Disinvestment department DIPAM has put in stringent disqualification norms in the Expression of Interest for the stake sale in Air India that was out on Monday for the bidders while relaxing the criteria for bidding on debt and eligibility to make it an attractive proposition for them to buy the airline.
Swamy's view on Air India not govt view: Aviation Minister(17:26) New Delhi, Jan 27 (IANS) Days after senior BJP leader Subramanian Swamy warned the government against selling national carrier Air India, Civil Aviation Minister Hardeep Singh Puri on Monday said that his view did not reflect that of the government.
Air India a great asset, buyer will use an iconic brand: Puri(16:08) New Delhi, Jan 27 (IANS) Terming sale-bound Air India and two of its subsidiaries as great assets, Civil Aviation Minister Hardeep Singh Puri on Monday said that the buyer of the airline would be using the iconic brands.
Japanese firm to fund Indian MSMEs with Capital float(14:56) Bengaluru, Jan 27 (IANS) Japan's leading financial institution Credit Saison is partnering with Indian financial technology non-banking finance company (NBFC) Capital Float for providing digital financing to micro, small and medium enterprises (MSMEs) across the country, an official said on Monday.
PFC lists global notes of $750 mln on India INX(13:52) New Delhi, Jan 27 (IANS) State-owned Power Finance Corporation Limited (PFC) on Monday listed its global notes on India INX's Global Securities Market (GSM), GIFT IFSCs leading primary market platform for raising funds from global investors.
PM to address global potato conclave in Gujarat on Tuesday(13:36) New Delhi, 27 Jan (IANS) Prime Minister Narendra Modi will address the 3rd Global Potato Conclave at Gandhinagar, Gujarat through video conferencing on Tuesday. The three-day mega conference begins on January 28 and ends on January 30.
Budget booster likely for capital gains on property & equity(13:10) New Delhi, Jan 27 (IANS) In what is being billed as a make or break Budget to revive the economy, the Modi government is likely to introduce heavy duty measures for rationalization of key equity taxes, including scrapping capital gains on sale of property, shifting the tax applicability of dividend distribution tax (DDT) to the receiver and extending the timeline of long term capital capital gains (LTCG) tax from the current 12 months to 24 months.
Fuel prices cut further due to slump in Brent crude(11:13) New Delhi, Jan 27 (IANS) Fuel prices were further cut on Monday due to sharp drop in international crude oil rates following the outbreak of coronavirus in China. The price of petrol was cut by 15 paise and that of diesel by 25 paise across all major cities on Monday.
Sensex, Nifty in red; ICICI Bank up 2%(10:58) Mumbai, Jan 27 (IANS) The benchmark Sensex opened 100 points lower on Monday as stock markets globally grew increasingly anxious about the economic impact of China's spreading virus outbreak which has claimed 80 lives.
Brent falls below $60 as coronavirus deaths rise sharply(10:32) Mumbai, Jan 27 (IANS) Global oil benchmark, the Brent crude index fell over 2 per cent to $59.39 a barrel on Monday as the death toll due to coronavirus rose sharply.
Tweaking of tax slabs, raising basic exemption limit on Budget agenda(21:04) New Delhi, Jan 26 (IANS) As the clamour grows for more money into the pockets of consumers and households to boost consumption in the economy, the government is discussing multiple options on cuts in personal income tax (PIT) in the forthcoming Union Budget.
All eyes on AI EoI on Monday, likely suitors are Tatas, Hindujas (IANS Exclusive)(20:45) By Nirbhay Kumar New Delhi, Jan 26 (IANS) As the government is set to invite preliminary bids from potential investors for selling 100 per cent stake in Air India on Monday, all eyes are on the portion of airline debt to be taken off its books and qualification for suitors.
Budget booster likely for capital gains on property, equity(20:06) New Delhi, Jan 26 (IANS) In what is being billed as a make or break Budget to revive the economy, the Modi government is likely to introduce heavy duty measures for rationalization of key equity taxes including scrapping capital gains on sale of property, shifting the tax applicability of dividend distribution tax (DDT) to the receiver and extending the timeline of long-term capital capital gains (LTCG) tax from the current 12 months to 24 months.
Luxury realty segment on downward spiral (Lead)(19:12) New Delhi, Jan 26 (IANS) Amid a slowing economy, luxury real estate continues to witness weak demand as a report by Anarock Property Consultants shows that inventory level in the segment rose by 10 per cent last year.
Markets expect relaxation on long-term capital gains tax(17:42) Mumbai, Jan 26 (IANS) Similar to expectations ahead of the Union Budget, Dalal Street has its eyes on a possible relaxation in taxes such as long-term capital gains tax (LTCG) and Dividend distribution tax (DDT) on February 1.
Budget, Coronavirus to be key monitorables next week (Market Outlook)(16:00) By Ravi Dutta Mishra Mumbai, Jan 26 (IANS) The upcoming six-day trading week will keep investors on their toes due to the mega event of presentation of the Union Budget on Saturday. Much of the trading will also depend on the impact of the coronavirus outbreak, which has killed 56 people in China and dimmed the mood of investors globally.
Govt's fiscal woes to mount as gross spending to rise by 20%(14:56) By Anjana Das New Delhi, Jan 26 (IANS) Government's fiscal worries are likely to continue in FY21 also, since irrespective of poor prospects of tax revenues, both revenue and capital expenditures are set to rise by 20 per cent from the current year Budget estimates of Rs 27.86 lakh crore.
OIL may hold 74% in BPCL's NRL, Assam 26%(09:12) By Subhash Narayan New Delhi, Jan 26 (IANS) State-owned oil and gas explorer Oil India (OIL) and the Assam government may acquire Bharat Petroleum Corporation's entire 61 per cent stake in the Numaligarh Refinery (NRL), retaining the public sector character of the Assam-based entity.
Investors can buy farmland in 30 days in Karnataka soon(01:09) Bengaluru, Jan 26 (IANS) Investors would soon be able to buy agricultural land directly from farmers within 30 days for setting up their industries in Karnataka, state Chief Minister B.S. Yediyurappa said on Saturday.
Padma Bhushan for TVS chief Srinivasan, Anand Mahindra(23:46) New Delhi, Jan 25 (IANS) Centre on Saturday announced that Mahindra group Chairman Anand Mahindra and TVS Group chief Venu Srinivisan would be awarded Padma Bhushan for their contribution to the field of trade and industry.
VST to make higher power tractors with Czech partner(22:35) Bengaluru, Jan 25 (IANS) Leading agri-machinery maker VST Tillers Tractors Ltd has tied up with Czech-based Zetor Tractors a.s. to jointly make tractors with higher horse power for Indian and global markets, a top official said on Saturday.
Indians see automation, but hopeful of keeping jobs(21:56) New Delhi, Jan 25 (IANS) Although majority of Indians think their jobs would be automated in the next 10 years, 84 per cent hope to retain their jobs, supported by their skills, according to a report by World Economic Forum (WEF) and Ipsos.
TVS rolls out electric scooter in Bengaluru market(20:41) Bengaluru, Jan 25 (IANS) Foraying into electric mobility, two-wheeler major TVS Motor Company on Saturday rolled out its electric scooter for this tech city as part of its contribution to cleaner environment.
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