NEW DELHI: Reliance Industries, India’s largest company by market capitalization, announced its financial results for the first quarter on Friday. The conglomerate, which has interests spanning from retail to telecom, reported a profit that fell short of analysts’ expectations. The lower margins on fuel sales were cited as the primary reason for the disappointing performance.The…
NEW DELHI: Microsoft global outage has affected the check-in systems used by Indian carriers including IndiGo, Akasa and SpiceJet since 10.45 am Friday — leading to slower processes and long queues. Industry sources say other airlines like Air India Group are so far not affected. Airports are also affected.IndiGo, India’s largest airline by passenger carriage…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday. While BSE Sensex dipped below 81,300, Nifty50 was near 24,750 levels. At 9:18 AM, BSE Sensex was trading at 81,244.50, down 99 points or 0.12%. Nifty50 was at 24,748.50, down 52 points or 0.21%.The market showed resilience and…
NEW DELHI: Feeling the pinch of curbs on exports of Indian rice, sugar and onions, Malaysian minister for plantation and commodities Datuk Seri Johari Abdul Ghani on Thursday invoked “friendly ties” to say that they would like New Delhi to have some “arrangement” to ensure their supply.Ghani said India’s restrictions on exports of agri commodities…
NEW DELHI: Air India’s Delhi-San Francisco (SFO) flight has been diverted to the Siberian city of Krasnoyarsk following a suspected technical snag. It is learnt that a fire alarm went off in the cargo hold of the Boeing 777 after which the crew decided to make an emergency landing in Siberia, which it did safely.This…
New Delhi: Two Air India pilots, including a trainee, are paying for a serious oversight of the airline’s rostering department by getting grounded by the Directorate General of Civil Aviation (DGCA). The trainee was to do supervised flying with a training captain but that did not happen due to a mix-up which led to the…
Boost for the Indian Navy! The Ministry of Defence is poised to approve a massive Rs 70,000 crore contract for the construction of new warships for the Indian Navy. These state-of-the-art stealth frigates will be the most technologically advanced vessels to be built in India and are a continuation of the Nilgiri class currently under…
By Surabhi MarwahBudget 2024 income tax expectations: The government is set to table its first full budget after elections and the wish list of taxpayers is as long as ever. This is especially so as the government did not make any key changes in the interim budget as it was a Vote on Account budget….
Banks offer special FD rates to attract deposits: In an effort to attract retail deposits, banks have launched special schemes offering savers an additional 25-30 basis points for term deposits above current commitments for similar tenures. This move suggests that policy interest rates are likely to remain high in the near future.According to an ET…
India’s government is finalizing rules to cut down visa delays for Chinese technicians, responding to complaints from businesses who say the restrictions are hurting the country’s ability to become a manufacturing hub.The Department of Promotion of Industry and Internal Trade is working with the ministries of home and external affairs to put in place a…
