Vistara bans Kamra from flights till April 27

New Delhi (IANS) Full service carrier Vistara has banned stand-up comedian Kunal Kamra from availing its services till April 27 for "unacceptable behaviour" onboard an IndiGo's flight in January this year.

"Based on the 'Order'…

New CEO of Yes Bank appointed; Q3 results scheduled for Saturday

Mumbai (IANS) The central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.

Accordingly, the former Chief Financial Officer and Deputy Managing Director of
…

Dow plunges nearly 10% in worst session since 1987 crash

New York (IANS) US stocks extended losses on Thursday with the Dow plunging more than 2,300 points, or about 10 percent, at the close amid coronavirus fears.

The Dow Jones Industrial Average fell 2,352.60 points, or 9.99 per cent, to 21,200.62.…

CEA Subramanian suggests RBI can look into rate cut

New Delhi (IANS) With stock markets plunging to historic lows, and investor sentiments ebbing, the Chief Economic Adviser Krishnamurthy Subramanian on Friday suggested that the Reserve Bank of India (RBI) can consider reducing policy rates as inflation…

HDFC Bank, Kotak join Yes Bank rescue plan

Mumbai, March (IANS) HDFC Bank and Kotak Mahindra Bank joined the private banks which have come to the rescue of the crisis-hit Yes Bank. HDFC Bank on Friday said that its board has approved an investment of Rs 1,000 crore in Yes Bank and Kotak Mahindra…

Sensex plunges over 1,700 points, Nifty below 10,000

Mumbai (IANS) The BSE Sensex plummeted over 1,700 points on Thursday tracking similar cues in the global markets after the World Health Organization (WHO) declared coronavirus as a global pandemic.

All Asian indices also were trading in the…

Coronavirus: 80% bookings in Rajasthan hotels cancelled

Jaipur, March 12 (IANS) Tourism has been hit hard in Rajasthan after the outbreak of coronavirus with around 80 per cent of bookings being cancelled in the state till Wednesday, said Hotel association of Rajasthan president Gajendra Luniwal.

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India's industrial output expands by 2% in Jan

New Delhi (IANS) Higher electricity generation coupled with mining activity expanded India's January factory output by 2 per cent from 0.07 per cent reported for December 2019.

Similarly, on a year-on-year basis the growth rate of factory…

Markets open in red on Wednesday

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 35,468.90 points and touched a high of 35,586.84. The Sensex touched a low of…

RBL Bank says it is well capitalised, concerns 'misplaced'

New Delhi (IANS) Amidst concerns of stability and asset quality of RBL Bank, the private lender on Friday said that it has adequate capital and there has been no adverse change in the asset quality.

Concerns have gained momentum after the Yes…