Business
AirAsia India Offers Base Fare at Rs 99 For Domestic Travel
"Enjoy (base) fares from as low as Rs 99 to domestic destinations and (base) fares of Rs 444 for international destinations," the Malaysian Budget carrier AirAsia said in a statement.
Meet The Man Who Turned Down the Chance to Become Infosys CEO
Ashok Vemuri had quit Infosys in 2014 after founder N R Narayana Murthy overlooked him for the top post and brought Vishal Sikka as the company's CEO.
IRDA Makes Linkage of Aadhaar Number to Insurance Policies Mandatory
According to the Insurance Regulatory and Development Authority of India (IRDA), the linkage is mandated under the "Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017".
US Slams World Bank Lending to Rich Countries Like China
"Many graduation-eligible countries, even those with strong market access, have continued to demand (World Bank) financing," he said in prepared testimony. "Adherence to the graduation policy has progressively weakened."
Rupee Spurts 12 Paise Against Dollar to 64.63
Banks and exporters liquidated their dollar bets and domestic stocks soared to new highs, which gave the rupee a leg-up, forex traders said.
Jerome Powell 'Likely' to be Next Fed Chief; Barron's Pitches for Raghuram Rajan
A White House official told Reuters that US President Donald Trump will name her successor on Thursday. Trump is reported considering four potential candidates.
Can't Let Shadow Economy to be Larger Than Real Economy: Jaitley
Conceding that there will be some "noise and grievances" because of the implementation of tax reforms like GST, Finance Minister Arun Jaitley said paying taxes is essential.
Group of Ministers on GSTN Flags Issues in GSTR-2 Filing
At a meeting of the Group of Ministers on the functioning of GSTN, it was felt that the focus of the portal should now be on invoice matching done through filing of GSTR-2, for which the last date is October 31.
Tax Professionals Seek More Time for E-filing of Returns
The All India Federation of Tax Practitioners (AIFTP), a body of lawyers, CAs and tax practitioners, welcomed the decision of the Central Board of Direct Taxes to extend the last date of e-filing of IT returns till October 31.
Bank Recap Plan to Help Deal With Bloated Balance Sheets: S&P
S&P Global Ratings credit analyst Amit Pandey said the government's proposed capital infusions step (totalling Rs 2.11 lakh crore) will help address the banks' bloated balance sheets, which are partly constraining the economy.
Rs 2.11 Lakh Crore PSU Bank Recap Plan Credit Positive: Moody's
To strengthen capital position of banks for onward lending to private sector, the government yesterday announced that an 'unprecedented' Rs 2.11 lakh crore would be infused in PSBs over two years.
Ports Modernisation Blue Print Ready; Rs 90K Crore Expansion Projects
Nitin Gadkari said a total of 142 expansion projects worth more than Rs 90,000 crore have been identified for these ports and timely delivery of projects will give the much needed boost to the economy.
Put Mandatory Aadhaar Linking With Bank Accounts on Hold: AIBOC
Another organisation All India Bank Employees Association (AIBEA) has also registered their protest against instructions given by some of the banks to designate certain branches as special cells for enrolment of Aadhaar.
Air India Seeks Rs 1,500 crore Short Term Loans for 'Urgent' Capital Needs
In a document issued on October 18, Air India said it is looking for "government guarantee backed Indian Rupee short-term loans totalling up to Rs 1,500 crore to meet its urgent working capital requirements".
BP Says Chairman Carl-Henric Svanberg Has Decided to Step Down
Carl-Henric Svanberg became BP chairman in January 2010 — shortly before the Deepwater Horizon oil rig exploded in April of the same year in the Gulf of Mexico.
Airtel to Acquire Struggling Tata Tele on No-debt, No-cash Basis
Airtel, for whom it will be the 7th acquisition in five years, will from November 1 take over 4 crore customers of Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharashtra Ltd (TTML) in 19 telecom circles.