Delhi HC adjourns hearing in Aircel Maxis case
New Delhi, Aug 29 (IANS) The Delhi High Court on Thursday adjourned till October 1 the hearing on the Aircel Maxis case after the Central Bureau of Investigation (CBI) sought more time to file an…
Business
Air India expects to report operating profit again: CMD
New Delhi, Aug 29 (IANS) Enhancements in operating efficiency and better aircraft utilisation have aided Air India to reduce its losses during the first quarter of the current fiscal. According to Chairman and Managing Director…
‘Showing Chidambaram evidence to affect other cases’
New Delhi, Aug 29 (IANS) Former Finance Minister P. Chidambaram’s plea to see the evidence before it is placed before the court will adversely affect several cases involving economic offenders and terror funding, Solicitor General…
Sterling Biotech: Ahmed Patel’s son to be quizzed by ED
New Delhi, Aug 29 (IANS) Senior Congress leader Ahmed Patel’s son Faisal Patel reached the Enforcement Directorate office for questioning here on Thursday in the alleged case of multi-crore bank fraud and money-laundering by the…
US trade associations urge Trump to delay tariff hikes
Washington, Aug 29 (IANS) A coalition of some 160 business groups has sent a letter to US President Donald Trump, requesting him to postpone all tariff increases on Chinese goods that are scheduled to take…
CBDT chief P.C. Mody gets 1-year extension
New Delhi, Aug 29 (IANS) Central Board of Direct Taxes (CBDT) Chairman P.C. Mody has been given a 1-year extension that will follow his superannuation on August 31. The move is aimed at ensuring continuity…
ALERT: Sensex, Nifty tumble 1%
CG Power sends boss Gautam Thapar packing
Mumbai, Aug 29 (IANS) Days after revelation of fraud at CG Power, the company’s board on Thursday sacked its Chairman Gautam Thapar with immediate effect. The company, in a regulatory filing, said that in cognizance…
‘Govt adopting interventionist approach to revive growth’
Mumbai, Aug 29 (IANS) With all eyes on the annual report of the RBI on growth on Thursday and its surplus transfer to the government and a host of measures announced by the government to…
IndianBulls shares tank over exclusion from Nifty50
Mumbai, Aug 29 (IANS) Shares of Indiabulls Housing Finance on Thursday fell over 8 per cent as the company awaited exclusion from the Nifty 50 index. The housing finance company will be replaced by Nestle…
Floods turn Himachal apple business ‘sour’
By Vishal Gulati Shimla, Aug 29 (IANS) Due to rain fury and floods, record harvest of apples this season after two consecutive lean years of its production have not brought cheers on the faces of…
Satellite surveillance of trains to stop oil, coal theft
New Delhi, Aug 29 (IANS) It will now be tough to steal oil and coal from goods trains at unauthorised stations as satellites of the Indian Space Research Organisation (ISRO) will not only inform passengers…
Eager to see customers at our 1st India retail store: Apple
New Delhi, Aug 29 (IANS) Welcoming the Narendra Modi cabinet’s decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at…
Sensex down 150 points led by financial stocks
Mumbai, Aug 29 (IANS) Sensex fell over 150 points during the early trade led by selling in financial stocks. Eighteen out of the 20 scrips in the Nifty Financial Service Index traded lower. India Bulls…
Irdai to review Motor Third Party obligations on insurers
New Delhi, Aug 29 (IANS) A working group set up by insurance regulator Irdai will look at reviewing the regulations on formulae of current Motor Third Party obligations. “The working group to revisit the IRDAI…
No decision yet on airspace closure to India: Pakistan
Islamabad, Aug 29 (IANS) Pakistan Foreign Minister Shah Mehmood Qureshi has made it clear that no decision has yet been taken to close the country’s airspace to India, Dawn news reported. Talking to reporters during…
Heritage hoteliers to focus on domestic events
Jaipur, Aug 29 (IANS) Heritage hoteliers will now focus more on the domestic tourism market along with events and weddings. This is because foreign tourists are no longer indulging in long-haul vacations due to poor…
Online news outlets flouting 26% FDI in digital media
New Delhi, Aug 29 (IANS) With the Union Cabinet approving 26 per cent foreign direct investment (FDI) in digital media with government approval, IANS has learnt that there are certain digital news platforms in India…
US dollar rises against British pound
New York, Aug 29 (IANS) The US dollar rose against the British pound in late trading after the Queen Elizabeth has approved a request by British Prime Minister Boris Johnson to suspend Parliament just weeks…
US stocks close higher as energy, financial shares go up
New York, Aug 29 (IANS) Wiping out previous losses, US stocks ended higher as robust energy and financial stocks underpinned the market. The Dow Jones Industrial Average rose 258.20 points, or 1.00 per cent, to…