A-I operations to normalise by Saturday night

New Delhi/Mumbai (IANS) National carrier Air India expects operations to normalize by Saturday night after its flights were delayed due to a software glitch which hindered essential services like check-in, baggage handling, and boarding.

Tata Steel net profit down by 84 per cent in Q4

Mumbai/ Kolkata (IANS) Steel giant Tata Steel on Thursday reported a whopping 84 per cent decline in its consolidated net profit, to Rs 2,295 crore, during the fourth quarter of the financial year 2018-19 as compared to Rs 14,688 crore in the corresponding…

HDFC Life Insurance posts Rs.1,277 crore net profit

Mumbai (IANS) Private life insurer HDFC Life Insurance Company Ltd on Friday said it closed last fiscal with a 15 per cent growth in net profit.

In a statement issued here, the company said it had logged a net profit of Rs 1,277…

No clarity from banks on paying salary dues: Jet CEO

New Delhi (IANS) Hinting that Jet Airways employees are unlikely to receive their salary dues till the stake sale process is completed, Vinay Dube, the CEO of crisis-struck Jet Airways, on Friday told airline employees that the lenders have…

Key Indian equity market indices open in green

Mumbai (IANS) Despite muted trend in global markets, the key Indian equity market indices on Thursday opened higher ahead of F&O expiry.

The Sensitive Index (Sensex) of the BSE, which had closed at 39,054.68 points on Wednesday, opened…

148 MT foodgrain output expected in Kharif 2019-20

New Delhi (IANS) With the Indian Meteorological Department forecasting "near normal" monsoon this year, the Agriculture Ministry on Thursday set its target for foodgrain production during kharif season 2019-20 at 147.9 million…

Dollar climbs amid economic data

New York (IANS) The US dollar strengthened against its major rivals in late trading on Tuesday as market participants digested the newly-released economic data.

Sales of new single-family houses in the US were at a seasonally adjusted…

E-sports platform Mobile Premier League raises $35.5 mn

New Delhi (IANS) Mobile e-sports or gaming platform, Mobile Premier League (MPL), has raised $35.5 million (around Rs 244 crore)in a Series A funding round led by Sequia India, Times Internet and GoVentures, MPL said on Wednesday.

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Airlines asked to keep fares in check for far-flung areas

New Delhi (IANS) The Civil Aviation Ministry has asked domestic carriers to desist from raising fares on routes connecting far-flung areas, especially in the northeast, in the wake of the grounding of Jet Airways.

"The…

Oil supply to Indian refineries is adequate: Government

New Delhi (IANS) The government has worked out a contingency plan to ensure that there is adequate supply of crude oil to Indian oil refineries from May onwards when the US lifts the waivers from its Iran sanctions given earlier to major oil importing…