Flipkart sees 40% growth in early access Big Billion Days sales

Bengaluru (IANS) Flipkart on Sunday said it saw a 40 per cent growth in early access sale for Flipkart Plus customers as compared to last year, as the commerce platform kicked off 8th edition of 'The Big Billion Days' (TBBD) festive sales.

After oil, gas price may see surge upsetting CNG, PNG rates

New Delhi (IANS) After the crude oil surge, global gas prices are expected to soar this year, putting consumers in India at the risk of inflated CNG and PNG rates.

As per an assessment of the gas market done by Kotak Institutional Equities…

Divestment Bound: AI staff to vacate accommodations in 6 months

New Delhi (IANS) National carrier Air India has been asked by the Centre to ensure that its employees vacate the company-provided accommodations within six months from the divestment of the airline or the monetisation of properties.

Accordingly,…

Air India's new owner to be decided in next few days: Sources

New Delhi (IANS) The new owners of Air India will be decided in the next few days as the financial bids for the flag carrier are being scrutinised, sources said on Friday.

Besides, conglomerate Tata Sons, which is one of the bidders, is touted…

E-com players gear up for record festive sales as India reopens

New Delhi (IANS) Amid the pandemic last year, Indian shoppers helped e-commerce platforms clock $7.4 billion (about Rs 52,000 crore) in total gross merchandise value (GMV) during the festive months (October-December). This year, as retail shops reopen…

DGCA extends ban on intl commercial flights till Oct 31

New Delhi (IANS) The Directorate General of Central Aviation (DGCA) has decided to extend the ban on scheduled international commercial flights till October 31, considering the Covid-19 scenario.

In a notification issued on Tuesday, the DGCA,…

ECGC to get over Rs 4K cr investment in 5 yrs

New Delhi (IANS) The Centre on Wednesday approved capital infusion of Rs 4,400 crore to the ECGC, formerly known as the Export Credit Guarantee Corporation of India, over a period of five years.

The investments will be made from FY2021-2022…

Listed fund inflows rise in August

Mumbai (IANS) Boosted by non-exchange traded fund (ETF) flows, listed funds inflows into the country increased in the month of August to $983 million, a report by Kotak Institutional Equities has said.

Of the inflows, $824 million came from…

Centre looks to announce winning bid for Air India next month

New Delhi (IANS) The Central government proposes to wrap up the divestment of Air India by the middle of next month with the announcement of winning bid for the national carrier.

Sources indicated that tentatively October 15 has been kept the…

Tourism, ease of doing business must be addressed by removing SEIS cap & restoring scrip rates

New Delhi (IANS) FAITH, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI), has flagged critical concerns…