Air India on Wednesday announced that it has slashed prices of tickets starting at Rs 1,777. According to the airline's statement, the 'Diwali Dhamaka' sale is the latest promotional offer by the airline.

“Under the Air India Diwali Dhamaka offer, which is available from November 3-7, flyers get to book and travel at low fares starting at Rs 1,777 (all inclusive) on its domestic network,” the airline said.

Evidence now suggests that a bomb planted by the Islamic State militant group is the likely cause of last weekend's crash of a Russian airliner over Egypt's Sinai peninsula, US and European security sources said on Wednesday.

Islamic State, which controls swathes of Iraq and Syria and is battling the Egyptian army in the Sinai Peninsula, said again on Wednesday it brought down the airplane, adding it would eventually tell the world how it carried out the attack.

The government on Wednesday issued a show-cause notice to German automobile maker Volkswagen after its testing agency found the company’s diesel models to be emitting more than expected nitrogen oxide (NOx). Samples of Volkswagen India diesel vehicles tested by Automotive Research Association of India (ARAI) were found to be emitting up to nine times more NOx, compared to the levels tested during the approval stage.

Real estate major DLF can now work to its plan and raise Rs 12,000 crore by selling the promoters’ stake in its rental arm DLF Cyber City Developers. The Supreme Court on Wednesday refused to stay the company’s proposed move to raise money through stake sale.

The Securities and Exchange Board of India (Sebi) had moved the apex court, seeking to restrain DLF from selling its stake. The bench, headed by J Chellameshwar, was not convinced about the regulator’s October 2014 order barring DLF and its top executives from such transactions, according to agencies.

Spurred by a string of IT-driven passenger-friendly initiatives, Indian Railways is driving IRCTC to set up an ambitious agenda to emerge as an efficient, single window solution for e-ticketing, catering, tourism and online shopping.

Indian Railways says this includes everything from improving the capacity of portal based ticket booking to expanding the operations of e-catering.

Japan’s Suzuki Motor Corp on Wednesday lifted its annual net profit forecast by 14 percent, citing better-than-expected earnings in India and windfalls from the sale of its stake in Volkswagen AG.

Japan’s fourth-largest automaker said it now expects a net profit of 125 billion yen ($1.03 billion) for the year to March 31, 2016, up from its previous forecast of 110 billion yen.

The less-than-anticipated gas production from Reliance Industries' flagship KG-D6 fields may have impacted fortunes of a number of its customers, but the company and its two partners have made almost two dozen interventions to arrest the decline from D1 and D3 discoveries. RIL, British Petroleum (BP) and Niko have together invested Rs 4,500 crore in the past two years to sustain production, said a person close to the development.

Markets regulator Sebi has invited bids from BPOs and call centres to set-up helpline service, where agents will attend investor calls on issues related to IPOs and commodity derivatives.

While the helpline has been proposed to be set up with 30 agents initially, it can be extended up to 50 seats.

Home-grown smartphone maker Micromax on Wednesday launched its flagship Canvas 5, priced at Rs 11,999.

The Canvas 5, an ambitious pre-Diwali release, is Micromax’s first product with a 3-GB RAM and an internal memory expandable to up to 64 GB. The device has 1.3-GHz octa-core processor from Mediatek, another first for the company.

Mumbai: Solar power tariff in India touched an all-time low of Rs.4.63 per KWh after a huge number of domestic and multinational companies bid aggressively for the 500 megawatt (MW) of capacity offered under the Jawaharlal Nehru National Solar Mission in Andhra Pradesh on Tuesday.

“SunEdison quoted tariff of Rs.4.63 per KWh,” Tarun Kapoor, joint secretary at India’s ministry of new and renewable Energy, says in mobile-phone text message, reported Bloomberg.

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