In a breather to Indian aviation industry, which is reeling under rising fuel prices, low fares and high taxes, the government is working on a relief package for the airlines to help them cut costs and cope with depreciating rupee. While speaking on the sidelines of the International Aviation Summit organised by the International Air Transport Association,

New Delhi/Mumbai: Tata Sons Ltd is set for a windfall of as much as ₹ 12,603 crore from Tata Consultancy Services (TCS) Ltd through share buybacks and dividend income in the first half of the financial year, funds that chairman N. Chandrasekaran can use to pare debt in several group companies, a Mint analysis shows.

Tata Sons is expected to get at least ₹ 11,502 crore from the 54.7 million scrips it plans to tender in the TCS share buyback.

Public sector oil companies — HPCL, BPCL and IOC — are planning to share the investments for upcoming product and gas pipelines across the country that will help them reduce the capital expenditure on pipelines and enter newer markets at less than 50% of the original project cost.

The companies have already identified around 5-6 major pipeline projects where they plan to share the infrastructure, senior company officials said.

In the wake of shortage of fuel in thermal power plants due to inadequate transportation facilities, Coal India (CIL) has been asked to expedite the signing of private siding agreement with Railways. The process, which started in 2014, has been shuttling between the two ministries since then.

A railway siding is an area which is used for loading and unloading of coal in train rakes.

Shopping malls in India may soon steal the limelight from digital advertising and e-commerce platforms like Google, Facebook, Instagram, Amazon, Flipkart, etc., that are used by Indian and global consumer brands to target shoppers.

Taking the 'phygital' platform route, mall owners are expected to make significant investments to not just be relevant, but also stay a step ahead of their digital counterparts by offering real-time insights/data to brands being housed inside their premises.

A dry run of mid-air refuelling of Tejas fighter jet by an Indian Air Force aircraft was successfully conducted, a defence source said Tuesday.

The test conducted involved a dry linkup, meaning no fuel was actually transferred between Indian Air Force Il-78 tanker and Tejas fighter jet through its air-to-air refuelling probe, the source told PTI here.

With the continued fall in the rupee, economists and bond market participants expect the Reserve Bank of India (RBI) to hike rates in its October policy.

The rupee closed at 71.57 a dollar, down from its previous record close of 71.18. Other emerging markets currencies also fell against the dollar. The Indian central bank did not prevent the rupee’s fall.

The government hinted on Tuesday that Life Insurance Corporation might seek an exemption from the Securities and Exchange Board of India (Sebi) from making an open offer to the minority shareholders of state-owned IDBI Bank, in which the insurer is set to buy a 51 per cent stake.

Markets regulator Sebi has slapped a total fine of Rs 7.45 million on 48 entities for fraudulent trading in the shares of Vandana Knitwear Ltd.

The entities have been fined for violating PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations.

Two-and-a-half years after an under-construction flyover in north Kolkata came down and killed 26, a portion of a 40-year-old bridge in southwest Kolkata collapsed during the afternoon rush hour on Tuesday.

At least, 19 people were injured and five feared dead. At the time of the incident, at least five cars, a minibus and three two-wheelers were on the bridge, said witnesses.

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