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AI set to have ‘Maharaja’ seats on International flights

Thursday, 21 Jun 2018 | PTI | New Delhi

Passengers on most of Air India’s international flights are all set for a new experience as the airline will soon introduce ‘Maharaja’ business class seats, variety cuisines and new uniforms for crew, officials said. The revamped products and services is likely to be unveiled on June 22, which would also come...

Taj group acquires Lutyen’s Delhi hotel in NDMC auction

Thursday, 21 Jun 2018 | PTI | New Delhi

The Connaught, a premium hotel in Lutyen’s Delhi, was successfully acquired by Tata’s Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) on Wednesday. “The successful bidder is the Taj group which will pay 31.80 per cent of the Gross Turn Over (GOT)...

Maruti dominates PV segment in May with 7 models in top 10 list

Thursday, 21 Jun 2018 | PTI | New Delhi

Maruti Suzuki India (MSI) maintained its leadership position in the domestic passenger vehicle (PV) market in May as seven of its models featured in the top 10 selling brands. According to the latest data from Society of Indian Auto-mobile Manufacturers (SIAM), in the top 10 best selling PVs, Maruti’s Alto retained...

Business Corner

Thursday, 21 Jun 2018 | PNS

New Managing Director joins CWC Arun Kumar Shrivastava has joined Central Warehousing Corporation (CWC) as Managing Director recently from his previous assignment of Executive Director (Engg), Container Corporation of India Ltd. (CONCOR). He is B. Tech (Civil Engineering) and M. Tech (Building Science & Construction Management). He is an IRSE Officer...

Govt puts off AI stake sale for now

Wednesday, 20 Jun 2018 | PNS | New Delhi

After bidding effort for the strategic stake sale of Air India, the Government has decided to put a full stop now with the plan, at least for this election year and it further said it would provide required funds for its operations, according to a senior official. The decision comes less...

Deposits in PSU banks 100% safe and secure, says Goyal

Wednesday, 20 Jun 2018 | PTI | New Delhi

Public money in State-owned banks is 100 per cent safe and secure, Finance Minister Piyush Goyal said on Tuesday against the backdrop of several cases of fraud, including the $2 billion scam at PNB unearthed recently. Speaking to the media after meeting heads of public sector banks (PSBs), he also said...

CAD at 2.5 per cent of GDP not worrisome, says Finance Ministry

Wednesday, 20 Jun 2018 | PTI | New Delhi

Current account deficit (CAD) at 2.5 per cent of GDP won’t be a worry as the Government has the required instruments to deal with any imbalance created due to foreign fund outflow, Economic Affairs Secretary Subhash Chandra Garg said on Tuesday. “2-2.5 per cent CAD is not a problem...

Bharat-22 ETF: Anchor investors put in Rs 5,163 cr bids, subscribe 3.44 times

Wednesday, 20 Jun 2018 | PTI | New Delhi

The second tranche of Bharat-22 ETF follow-on offer was lapped up by institutional investors on Tuesday, with the portion reserved for anchor bidders getting subscribed 3.44 times to the tune of Rs 5,163 crore. The Government on Tuesday launched the follow-on fund offer (FFO) of Bharat-22 Exchange Traded Fund (ETF), comprising...

Sensex tanks 262 points as US-China trade spat roils global markets

Wednesday, 20 Jun 2018 | PTI | Mumbai

Stocks spiralled lower for the second straight day on Tuesday, tracking a sell-off across global markets after the US and China reignited their trade dispute. The BSE Sensex plunged around 262 points to end at a two-week low of 35,286.74, while the broader Nifty dropped 89 points to 10,710.45. Asian markets nosedived...

Auditors’ abrupt exit may be part of material disclosure by SEBI

Wednesday, 20 Jun 2018 | PNS | New Delhi

As the recent abrupt resignation by several global audit firms have led to unnecessary aspersions on the companies, it is time for the market regulator Securities and Exchange Board of India (SEBI) to make such exits as a part of its disclosure. Several industry insiders observe that the time has come...


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‘Assault’ on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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Schoolchildren get info on benefits

22 Jun 2018 | Staff Reporter | Bhopal

Observing the Yoga Day, the school students of Sharda Vihar School performed Yoga postures on Thursday. Observing International Yoga Day 750 students of the school got information about Yoga and students were informed about the benefits of Yoga were...

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