NEW DELHI: Govt on Friday directed IndiGo to start the process of compensating passengers affected by its massive flight disruptions this month at the earliest.The airline will, from Dec 26, start giving travel vouchers worth Rs 10,000 each to “severely impacted customers who were stranded at airports for many hours” on Dec 3, 4 and…
NEW DELHI: Delhi HC on Friday sought a response from Customs department on a plea filed by InterGlobe Aviation, the operator of IndiGo airline, seeking a refund of over Rs 900 crore paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs, reports Abhinav Garg.A bench of Justices V Kameswar…
NDA functionaries, including ministers, would soon hit the ground to explain and create more awareness about benefits of the new rural employment guarantee scheme VB G-RAM-G, which has replaced the UPA-era MNREGA, to negate the opposition’s narrative. This was discussed at Friday’s Cabinet meeting, which PM Modi chaired soon after his foreign trip, sources said.TOI…
MUMBAI: ICICI Prudential Asset Management Co that closed its blockbuster IPO on Tuesday, listed on Friday at 20% premium over its IPO price and closed the session as the most-valued fund house in India. The stock on BSE listed at Rs 2,606 compared to its IPO price of Rs 2,165. It closed the session at…
New Delhi: Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20 per cent in non-bank finance company Shriram Finance (SFL) for $4.4 billion (Rs 39,618 crore), in what is the largest foreign direct investment in the country’s financial services space. MUFG will pick up the minority stake through preferential equity shares, Shriram Finance said…
India’s foreign exchange reserves rose by $1.689 billion to $688.949 billion in the week ended December 12, data released by the Reserve Bank of India showed on Friday, according to PTI.In the previous reporting week, the country’s overall forex reserves had increased by $1.033 billion to $687.26 billion.Foreign currency assets (FCAs), the largest component of…
NEW DELHI: After questioning Jai Anmol, industrialist Anil Ambani‘s son, for more than seven hours on Friday in a Yes Bank related money laundering case, the Enforcement Directorate has summoned him again on Saturday to explain certain transactions.Anmol Ambani’s questioning was held at ED headquarters in Delhi days after the agency had a long session…
Sales of existing homes in the US rose modestly in November from the previous month but declined compared with a year earlier, as higher prices continued to weigh on affordability despite relatively stable mortgage rates, according to data released on Friday, AP reported. Existing home sales increased 0.5 per cent from October to a seasonally…
Dense fog disrupted flight operations at Delhi’s Indira Gandhi International Airport on Friday, leading to the cancellation of at least 177 flights and delays to more than 500 services, PTI reported citing officials.An official said the cancellations included both departures and arrivals, covering some international flights as well. Data from flight tracking website Flightradar24 showed…
India and the Netherlands have established a Joint Trade and Investment Committee (JTIC) to deepen bilateral economic engagement and address barriers to trade and investment, the commerce and industry ministry said on Friday, PTI reported.An MoU to this effect has been signed between the two countries, creating a formal institutional mechanism to review trade relations,…