Business

Specifically configured for the IAF, the F-21 provides "unmatched" Make in India opportunities and strengthens India's path to an advanced airpower future, the firm said announcing the plan on the opening day at the Aero India 2019 air show here.

Together, the fresh funding for the airline would amount to about Rs 3,400 crore and Naresh Goyal's stake could reduce to 20 per cent from 51 per cent at present, sources said.

The bank in a statement said that it has revised interest rates on domestic term deposits.

Major laggards were Sun Pharma, Vedanta, Hero MotoCorp, Tata Motors, M&M, HDFC, Tata Steel, SBI, Asian paint, RIL, HUL, Bajaj Finance, HDFC Bank, Yes Bank, Kotak Bank, Axis Bank and ICICI Bank, falling up to 1.95 per cent.

Top losers include Hero MotoCorp, HDFC, SBI, Infosys, HCL Tech, ICICI Bank, Bajaj Finance, ONGC, Bajaj Auto and IndusInd Bank, falling up to 2.63 per cent.

Total exploration acreage is expected to more than triple to 300,000 square kilometres in two years ending 2019.

India is the second largest producer of silk after China and the largest consumer of silk.

Giving relief to budding entrepreneurs last year, the government allowed startups to avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.

Allahabad Bank said the RBI has imposed a penalty of Rs 1.5 crore for not monitoring end use of funds, among other violations.

The government also came out with a road map to reduce the fiscal deficit, the gap between total expenditure and revenue, to 3 per cent of the GDP by 2020-21, and eliminate primary deficit.

Gadkari will be in Kamakhyanagar in Dhenkanal district of Odisha on Wednesday to do Bhoomi Pujan for three national highway projects of total length 132 km, worth Rs 2,345 crore, it said.

While the government has brought in laws such as Real Estate (Regulation and Development) Act, 2016, over 80 percent of consumers are of the view that there has not been much change in the property buying experience.

The NSE Nifty also edged higher by 18.60 points, or 0.17 per cent, to close at 10,912.25.

Reliance Industries Ltd (RIL), HUL, ITC and Infosys were the other gainers, while HDFC Bank, HDFC, SBI, Kotak Mahindra Bank and ICICI Bank suffered losses in their valuation for the week ended Friday.

This is the bank's biggest quarterly profit since it reported 40.50 billion rupees in the March quarter of 2012.

Budget Speech 2019 may focus on income tax concessions for individuals, farm relief package, support for small businesses which the Finance Minister, Piyush Goyal, will present today.