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Air India Express launches international operations from Surat

Air India Express launches international operations from Surat

Surat: Gujarat's 'diamond city' Surat has made it to the international aviation map with the first Air India Express flight arriving here carrying 75 passengers from Sharjah, the airline said on Sunday.

The maiden Air India Express flight IX 172 from Sharjah touched down atthe Surat airport at 11.30 pm on Saturday with 75 passengers on board the Boeing 737-800 aircraft, the airline said in a statement.

Punjab National Bank in better state, but momentum is still soft – reduce holdings

Punjab National Bank in better state, but momentum is still soft – reduce holdings

Punjab National Bank (PNB), post three quarters of muted profitability (losses), reported PAT of `2.5 bn in Q3FY19. This was led by better-than-expected asset quality even as business momentum continued to remain soft.

(a) slippages were restricted at sub-Rs 40 bn (3.7%). This, with better recovery, led to dip in GNPL; (b) that said, business momentum continued to be soft (albeit improving), which with sustained NIM pressure restricted core operating profitability; and (c) improved coverage led to dip in NNPL & sequential traction in domestic growth was encouraging.

The Tata way: Cyrus Mistry or N Chandrasekaran, it’s all about crown jewel TCS

The Tata way: Cyrus Mistry or N Chandrasekaran, it’s all about crown jewel TCS

Two years after a change of leadership at the Tata Group, it is abundantly clear that whether it’s Cyrus Mistry or Natarajan Chandrasekaran, cleaning up after Ratan Tata is not easy. Today, the sprawling conglomerate is even more about TCS than when Mistry left it.

The software major accounts for 73% or nearly three-fourths of the combined market capitalisation of ten top 10 companies; this share was just 59% in February 2017, when Chandra took over the reins at the group as chairman, Tata Sons.

Amazon’s deep bench calms investors amid Jeff Bezos scandal, NYC rift

Amazon’s deep bench calms investors amid Jeff Bezos scandal, NYC rift

It’s been a rough few weeks for the world’s wealthiest man. Amazon.com CEO Jeff Bezos announced his divorce. He became engulfed in a tabloid scandal complete with blackmail allegations. And, on Thursday, his company abruptly scrapped plans to invest $2.5 billion and hire 25,000 people for a giant new office in New York City.

Airtel, Voda Idea see green shoots after weeding out low-end users

Airtel, Voda Idea see green shoots after weeding out low-end users

Both the incumbents changed their subscriber definition and plan to focus on revenue-generating users, who will go for a minimum recharge plan every month. Earlier, in one recharge, a subscriber could receive incoming calls for six months. No doubt, the incumbents are moving cautiously to improve their Arpus, and subsequently revenues through such measures.

Shocker from Kamal Hassan: Actor-turned neta demands plebiscite in Kashmir, says what is India 'afraid of'

Shocker from Kamal Hassan: Actor-turned neta demands plebiscite in Kashmir, says what is India 'afraid of'

Actor turned politician Kamal Hassan has made a shocking comment demanding plebiscite in Jammu and Kashmir. According to reports, Kamal Hassan made this statements while talking to reporters in Chennai.

He not only called for a plebiscite in J&K, he also asked what India is afraid of. He accused the country of not taking Kashmiris into confidence. Hassan also branded the terrorists operating in the Valley as 'jehadi fighters' and also called Pakistan occupied Kashmir as 'Azad Kashmir'.

Indian Oil signs first annual deal to buy up to 3 million tonnes of US oil

Indian Oil signs first annual deal to buy up to 3 million tonnes of US oil

Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy up to 3 million tonnes or 60,000 barrels per day of US. oil, its chairman Sanjiv Singh said on Monday.

State-run IOC had previously purchased U.S. oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of U.S. oil between November to January.

Cabinet approves Ashwani Lohani's appointment as of Air India

Cabinet approves Ashwani Lohani's appointment as of Air India

The rupee on Monday opened 8 paise lower at 71.31 against the US dollar amid rise in crude oil prices.

The domestic unit on Friday slipped by 7 paise to close at 71.23, pressured by heavy foreign capital outflows and firming oil prices.

Money laundering case: Delhi courts extends Robert Vadra’s interim bail till March 2

Money laundering case: Delhi courts extends Robert Vadra’s interim bail till March 2

The Enforcement Directorate on Saturday extended interim bail protection to businessman Robert Vadra till March 2. During the course of hearing today, the ED told the court that Vadra was not cooperating the officials in money laundering probe. Vadra’s counsel, however, denied the charge.

The ED counsel also said that Vadra is accompanied by a ‘baraat’ (procession) wherever he goes, whether to ED or to court. This comes days after ED grilled him in connection with a money laundering case and a land scam in Rajasthan’s Bikaner.

Sehwag offers to take care of education of Pulwama terror attack martyrs’ children

Sehwag offers to take care of education of Pulwama terror attack martyrs’ children

Former India cricketer Virender Sehwag on Saturday offered to bear the educational expenses of children of all the CRPF personnel martyred in the dastardly terrorist attack in Jammu and Kashmir’s Pulwama.

On Thursday, at least 40 CRPF paramilitary troopers were killed in a terror attack while several others are battling for their lives following what is being termed as the deadliest terrorist strike in three decades in the valley.

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