Plan to acquire government’s shareholding in REC by March 31: PFC

Mumbai: The Power Finance Corporation (PFC) on Monday said that it plans to acquire government’s shareholding and management control of Rural Electrification Corporation (REC) by March 31, 2019. Based on the valuations arrived, the pricing will be mutually decided by GoI and PFC In December 2018, the central government had given an “in principle” More...

by Indileak Web Desk | Published 23 hours ago
By IANS On Monday, February 18th, 2019
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Now IndiGo faces operational headwinds; stock dives 7.5% in 10 days

Mumbai/New Delhi: Massive turbulence continued to hit the Indian airline sector as even the formidable passenger carrier IndiGo now faces headwinds of pilot shortage leading to a truncated flight schedule and consequently More...

By Indileak Web Desk On Saturday, February 16th, 2019
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India imposes 200% import duty on Pak goods

New Delhi: A day after withdrawing the Most Favoured Nation status to Pakistan, India on Saturday slapped a 200 per cent import duty on all goods originating or exported from Pakistan. Most Favoured Nation’ More...

By Indileak Web Desk On Thursday, February 14th, 2019
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DoT finalising revival proposal, no shutdown: BSNL

New Delhi: State-run BSNL on Thursday said government is in the final stage of drafting a revival proposal for the PSU and it would shortly be sent for the inter-ministerial panel for approval. Department of Telecom More...

By Indileak Web Desk On Tuesday, February 12th, 2019
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Deadline for selecting TV channels extended till March 31

New Delhi: The Telecom Regulatory Authority of India (TRAI) on Tuesday extended the deadline for selection of TV channels by both cable and Direct-to-Home (DTH) subscribers till March 31. Subscribers will be free More...

By Agencies On Monday, February 11th, 2019
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NCLAT directs 22 IL&FS Group companies to service debt obligations

New Delhi: A top corporate appellate tribunal on Monday lifted the moratorium imposed on 22 firms belonging to the debt-stricken Infrastructure Leasing and Financial Services (IL&FS) Group to service their respective More...

By IANS On Monday, February 11th, 2019
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IT detects Rs 18,000 cr bogus billing scam

New Delhi: In a major crackdown on black money and hawala transactions, the Income Tax (IT) Department has detected Rs 18,000 crore bogus billings in the national capital, officials said on Monday. About 1,462 people/firms More...

By IANS On Sunday, February 10th, 2019
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Jet Airways revises cancellation charges for domestic flights

New Delhi: Jet Airways has revised its change and cancellation fees for its flights within India, based on the number of days prior to the travel date that the change or cancellation is made. In the economy class, More...

By IANS On Thursday, February 7th, 2019
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Top IL&FS executives pocketed employee welfare funds: SFIO

New Delhi: A report highlighting fraudulent and irresponsible conduct by the top executive of IL&FS has claimed they used the Employee Welfare Trust (EWT) for personal gains at the cost of the company by carrying More...

By Indileak Web Desk On Thursday, February 7th, 2019
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Loan interest costs set to fall as RBI cuts rate to 6.25%

Mumbai: In a surprise move that could bring down home and auto loans, the RBI on Thursday went the whole hog by not only lowering its key lending rate for commercial banks by 25 basis points (bps) to 6.25 per cent, More...