Airlines face suspension if passengers violate selfie regulations

New Delhi (IANS) Be wary the next time you take a selfie inside an aircraft or at aerodrome or decide to take picture-perfect snaps of the landscape below during landings and takeoffs as airline authorities could take punitive action against those…

Turnaround: August domestic passenger vehicles' sales rise

New Delhi (IANS) Low base along with initial upsurge in demand due to the festive season boosted domestic passenger vehicles' sales in August on a year-on-year basis.

According to industry data released on Friday, a total of 2,15,916 passenger…

Adani Ports and SEZ raises Rs 900 cr through NCDs

Mumbai (IANS) Adani Ports & Special Economic Zone Ltd. has raised Rs 900 crore through allotment of non-convertible debentures (NCD) on private placement basis.

In a regulatory filing issued on Friday, the company said that the NCDs will be…

Sensex gains over 300 points, RIL at record high

Mumbai (IANS) The key Indian equity indices traded on a positive note on Thursday morning with the BSE Sensex gaining over 300 points.

Around 10.25 a.m., Sensex was trading at 38,522.73, higher by 328.81, or 0.86 per cent from the previous…

Foreign remittance above Rs 7L to attract 5% tax from Oct 1

New Delhi (IANS) Tax collection at source (TCS) on foreign remittances will only be applicable on the amount in excess of Rs 7 lakh in a financial year and not on the total amount.

The TCS on foreign remittances kicks in from October 1. Under…

Cabinet may take up new disinvestment policy soon

New Delhi (IANS) The Union Cabinet may soon take up and approve the new strategic disinvestment policy, which would include the banking and insurance sector, as the Finance Ministry has finalised the Cabinet note on the policy, sources said.

This…

IL&FS Group sells education arm to FTPL, reduces debt by Rs 650 cr

New Delhi (IANS) The IL&FS Group on Wednesday completed sale of its 73.69 per cent stake in Education business, held under the Schoolnet India Limited (SIL), to Falafal Technologies Private Limited (FTPL).

The sale was completed pursuant to…

Electric ride-hailing commercially viable in India: Report

New Delhi (IANS) Integration of electric vehicles in ride-hailing fleets is both technically and commercially viable in India today, a new report said on Wednesday.

With improving technology, more vehicle options and increased availability…

Sensex marginally higher amid choppy trade

Mumbai (IANS) The key Indian equity indices continued to trade on a choppy note on Tuesday morning, with Sensex trading around 90 points higher.

Around 10.08 a.m., the Sensex was trading at 38,506.44, higher by 89.21 points or 0.23 per cent…

FinMin reaches out to states again, says entire GST dues to be paid

New Delhi (IANS) The Centre has reached out to the states again clarifying that it would pay entire GST compensation dues to them amid the mounting opposition over the borrowing options proposed in lieu of the shortfall in indirect tax collections.