RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law

Chennai (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to meet soon to decide on the repo rate to contain inflation.

The MPC had met on November 3, to discuss what it would tell the central government…

Reliance Capital COC rejects all bids, decides liquidation

Mumbai (IANS) The Committee of Creditors (COC) of Reliance Capital (RCAP), in its meeting held on Wednesday, has decided to reject all the binding bids that it received from the bidders on Monday.

The COC is now considering sending Reliance…

BS-IV vehicle scam: ED attaches assets worth Rs 22cr; Ashok Leyland says probe not against it

Chennai/New Delhi (IANS) The probe by the Enforcement Directorate (ED) is against a scrap customer and not against Ashok Leyland, said a top company official.

The Enforcement Directorate (ED) on Wednesday said that it has attached properties…

Ola Electric opens 14 new experience centres in India, plans 200 by year-end

Bengaluru (IANS) Ola Electric on Monday announced that it has expanded its direct-to-consumer (D2C) footprint by opening 14 new experience centres across 11 cities in the country.

The company opened 3 centres in Bengaluru, two in Pune and one…

DHFL 34,615 cr loan fraud case: Money laundered via 87 shell firms

New Delhi (IANS) The Central Bureau of Investigation (CBI) in its charge sheet lodged in the Rs 34,615 crore DHFL loan fraud case has said that the accused created 87 shell companies and 2,60,000 fake borrowers to launder money. The charge sheet was…

Domestic air passenger traffic crosses 4-lakh mark for two straight days

New Delhi (IANS) For two continuous days, domestic air passenger traffic in the country crossed the four-lakh mark during this weekend.

Airlines carried 4,05,963 passengers on Saturday and operated 2,767 flights. The growth continued even on…

Telangana's Yadadri thermal plant to commission next year

Hyderabad (IANS) Telangana Chief Minister K. Chandrasekhar Rao will inspect the construction works of Yadadri thermal power station on Monday. The project is likely to commission in September next year.

The 4,000 Megawatt power station is billed…

Rabi area coverage rises by 24.13L ha over last year

New Delhi (IANS) Rabi area coverage this year has increased by 24.13 lakh hectares over last year.

Taking stock of the Rabi crops position with senior officials, Agriculture Minister Narendra Singh Tomar expressed satisfaction that so far,…

Akasa Air operates its maiden flight from Pune

New Delhi (IANS) Akasa Air on Saturday inaugurated its first flight on the Pune-Bengaluru route.

Pune is the ninth destination in Akasa Air's network and its second city in the state of Maharashtra after Mumbai.

The airline is offering…

VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom

San Francisco (IANS) Enterprise Cloud services provider VMware, in the process of being acquired by chipmaker Broadcom in a $61.2 billion deal, has posted $3.21 billion in revenue for the third quarter -- an increase of 1 per cent from the third quarter…