BUSINESS
'Domestic oil prices on decline, mustard oil outlier'
"Necessary policy intervention by Central government with reference to duty reduction is proving to be beneficial for the general consumers," the government said in a release. "International prices of Soyabean oil, Sunflower oil, Crude Palm oil and RBD Palmolein increased by 1.85 per cent, 3.15 per cent, 8.44 per cent and 10.92 per cent respectively over the month.
India's forex reserves decline by over $1.16 bn
The Reserve Bank of India's (RBI) forex reserves declined to $637.477 billion from $638.646 billion reported for the week ended September 24. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs and the country's reserve position with the International Monetory Fund (IMF).
The making of J.R.D. Tata's legacy, which has come back home
Truly, the carrier that Jehangir (J.R.D.) Tata launched as Tata Airlines on October 15, 1932, which rose to become one of the leading airlines of the world named Air India International, was nationalised in 1953, and then got reduced to an ailing behemoth by successive governments after 1977, is finally back home, a year shy of its 90th anniversary.
CBI files chargesheet against Rana Kapoor in cheating case
The probe agency had registered a case in the matter in March 2020. It is alleged that the then MD and CEO of Yes Bank, Rana Kapoor, had abused his official position and acquired a premium property in Delhi at a very low price than the actual market value and the property was mortgaged to Yes Bank against a loan of approximately Rs 400 crore, given to a group companies promoted by Rana Kapoor, the CBI said in a statement.
TCS' YoY Q2FY22 net profit up 14.1%
The IT major's net profit for the quarter under review rose to Rs 9,624 crore from Rs 8,433 crore for Q2FY21, excluding the legal claim provision. The company's year-on-year consolidated net profit would have risen by over 28 per cent to Rs 9,624 crore from Rs 7,504 crore for Q2FY21, if the legal claims provisions were included. The company's consolidated revenue during the period under review rose by 16.8 per cent YoY to Rs 46,867 crore.
Amid protests, Adani Group takes over Guwahati international airport for 50 years
Airports Authority of India (AAI) officials said that the LGBI Airport was on Friday formally handed over to AGIAL led by business tycoon Gautam Adani in a restricted ceremony. Airport director Ramesh Kumar handed over a symbolic key to Utpal Baruah, who has been appointed Chief Airport Officer by the AGIAL.
Air India divestment: Tata to get 141 aircraft, 8 brand logos, lucrative routes
Accordingly, Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of Centre in Air India along with that of Air India Express and AISATS. Consequent to the acquisition, the Tatas will own 100 per cent stake in Air India as also 100 per cent in its subsidiary Air India Express and 50 per cent in the joint venture Air India SATS.
Tata Sons to retain Air India debt of over Rs 15K crore
Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of the Centre in Air India, along with that of Air India Express and the AISATS. Out of the Rs 18,000 crore, Talace will retain Rs 15,300 crore in debt, while the rest will be paid to the Centre as the cash component.
'Welcome back, Air India', says Ratan Tata
In a throwback of the journey the airline has taken so far, Ratan Tata, the Chairman Emeritus of Tata Sons, on Friday tweeted an old photograph of the company's former Chairman J.R.D. Tata getting down from an Air India aircraft, minutes after Tata Sons won the bid to regain control of the airline.
CEA K.V. Subramanian to head back to academia as tenure ends
"I have decided to return back to academia following the completion of my 3-year fulfilling tenure. Serving The Nation has been an absolute privilege and I have wonderful support and encouragement," Subramanian said in a tweet announcing his decision to move out from the North Block.
Don't Miss
Advertisement