Business

Despite being one of the fastest growing domestic aviation markets in the world, local carriers have been facing tough business conditions, especially with surging oil prices and depreciation of the rupee.

The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, on Monday in Geneva at the inaugurations of the World Investment Forum organised by the UN Convention on Trade and Development (UNCTAD).

Fuel prices have been declining since Thursday as oil companies factored in softening of international rates. In four days, petrol price has been cut by Rs 1.09 per litre and diesel by 50 paise.

At the Interbank Foreign Exchange, the rupee opened lower at 73.62 and slipped further to 73.64 against the dollar, showing a fall of 3 paise.

The fresh funds are in addition to the Rs 980 crore received towards equity infusion by way of supplementary grants from the central government in September.

After resignation of Chanda Kochhar, Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

The report says that with the USD 22 billion FDI, India just about managed to make it to the top 10 host economies receiving the most FDI during the period.

Saying that the NDRF fund was not enough to meet relief work expenses in the wake of natural calamities, a ministerial panel has sought the views of states on whether a state-specific or a nationwide 'disaster tax' should be levied.

Analysts polled by Reuters had forecast September's annual increase in the consumer price index at 4.0 percent, compared with August's 3.69 percent.

Import duty on populated, loaded or stuffed printed circuit boards of all goods other than mobile phones, base station and optical transport equipments has been raised to 10 per cent.

The former professor at IIT, Sanand was agitating since June this year demanding that Ganga river should flow ‘undisrupted’ and all the ongoing hydro power projects on the Ganga basin should come to an end.

Bhaskaran's appointment would be effective from November 15, AirAsia India said in a release on Wednesday.

The 30-share Sensex touched a high of 34,636.43 on the back of sustained buying by domestic institutional investors (DIIs), but later turned choppy and hit a low of 33,974.66 as selling pressure gathered momentum.

The bank has registered credit growth more than the industry average, and appreciating the pace of recovery, the government has decided to provide Rs 5,431 crore capital support.

The latest withdrawal comes following a net outflow of over Rs 21,000 crore from the capital markets (both equity and debt) last month.

The plan to float around five percent of Aramco — expected to be the world's largest stock sale — forms the cornerstone of a reform programme envisaged by Prince Mohammed to wean the Saudi economy off its reliance on oil.