National carrier Air India’s net loss declined 17.6% year-on-year to Rs 5,337 crore during 2017-18 due to lesser allowance for exceptional items which includes balance payable to employees and duty credit entitlement under the Served From India scheme (SFIS).

Air India provisioned Rs 112 crore in FY18 for under exceptional and extraordinary items compared to Rs 2,415 crore spent exactly a year ago.

E-commerce companies having foreign direct investment, like Flipkart and Amazon, will now have to look for ways to restructure their businesses so as to obviate the curbs on selling products of companies in which they have an equity stake. The government’s new FDI guidelines also restrict them from selling exclusive-only products on their platforms.

BSE benchmark Sensex Friday rallied over 300 points and NSE Nifty reclaimed the 10,800 mark on firm global cues, heavy foreign fund inflow and strengthening rupee.

Extending gains for the third session, the 30-share index was trading 306.16 points, or 0.86 per cent, higher at 36,113.44.

Just after bank unions concluded their 5-day long strike against the merger of Bank of Baroda with Vijaya Bank and Dena Bank, it's now being reported that the All India Bank Employees' Association (AIBEA) has further proposed yet another bank protest.

The recent move of the government to tighten the noose of major e-commerce players will culminate into a fair market competition and will provide equal even level playing field for one and all to adopt e-commerce as another business model, said Secretary General of the Confederation of All India Traders (CAIT), Praveen Khandelwal.

Hate crime in the form of lynching — related to cow protection or fake texts spreading rumours about child abduction — continued unabated this year, forcing the government and private parties to respond with strong measures.

The government has been asking WhatsApp, Facebook and other messenger services to store their data in India; there is also a new telecom policy on the cards that aims to regulate how data is transmitted.

The Supreme Court in August this year declared “triple talaq” — a form of divorce practised by Muslims in India allowing a man to end his marriage by uttering the word “talaq” thrice in written, oral or electronic mediums — unconstitutional.

In its judgment, the court noted that Muslim-majority nations such as Saudi Arabia and Pakistan had also made triple talaq illegal and directed the Prime Minister Narendra Modi-led government at the Centre to introduce a law banning it.

The Corporate Affairs Ministry's inspection of the books of six companies linked to the ICICI Bank controversy is at an "advanced stage", according to a senior official.

On April 23, the ministry ordered inspection of six companies, including NuPower Renewables.

Larsen & Toubro (L&T) Thursday said its construction arm of has won orders worth Rs 2,357 crore in the domestic market.

L&T's water and effluent treatment and transportation infrastructure business has secured order worth Rs 1,281 crore from Andhra Pradesh Capital Region Development Authority (APCRDA), the engineering and construction major said in a regulatory filing.

Markets regulator Sebi has slapped a penalty of Rs 10 crore on three promoters of Man Industries for failing to make an open offer to the company’s shareholders.

The three promoters are JPA Holdings Pvt Ltd, Nikhil Mansukhani and Anita Mansukhani.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.