Business

According to Fitch, the Indian aviation market has seen a sharp increase in airfares in the last few months due to tight supply, which has been worsened by the suspension of the 737 MAX aircraft.

At the Interbank Foreign Exchange (forex), the domestic currency opened lower at 69.32 a dollar but recovered the losses during the day and touched the day's high of 68.70. It finally settled at 68.74 per dollar, up 40 paise over its previous close.

Hari Sankaran, the former chairman and managing director of IL&FS, was arrested for 'abusing his powers in IL&FS Financial Services Ltd through his fraudulent conduct' and will be in SFIO's custody until April 4.

In June last year, India said it would increase import duties varying from 20 percent to 120 percent on a slew of US farm, steel and iron products, angered by Washington's refusal to exempt it from new steel and aluminium tariffs.

He was sentenced to two years in prison after being found guilty in 2012 of passing confidential boardroom information about Goldman Sachs to then hedge fund founder Raj Rajaratnam.

The report said Delhi IGI airport saw 6.9 crore domestic and international flyers in 2018, which is 10.2% points higher than the combined passengers of 2017.

This is the second highest disinvestment proceeds in a financial year after the government last fiscal mopped up a little over Rs 1 lakh crore in 2017-18

The Enforcement Directorate had ensued a red corner notice against him from the Interpol on March 11.

Jet Airways pilots had earlier been wooed by IndiGo with compensation for their pending salaries and other benefits, leading to murmurs of protests from its own pilots.

IDBI Bank has been under the prompt corrective action framework of RBI that bans it from corporate lending and branch expansions, salary hikes and other regular activities.

The assertion comes in the backdrop of media reports that PNB had approved Rs 2,050 crore of emergency funding to Jet Airways, for which lenders are considering a resolution plan under Project Sashakt.

Ruia has challenged the orders of the Ahmedabad bench of the National Company Law Tribunal (NCLT), which on Friday approved the Rs 42,000-crore takeover plan of Essar Steel by ArcelorMittal.

Shares of Boeing Co slid 9 per cent in early trading on Monday as many airlines grounded the planemaker's best selling 737 MAX 8 passenger jet after the aircraft crashed near Addis Ababa on Sunday evening.

The move will not benefit all its depositors as the new rate is applicable only to those with a balance of over Rs 1 lakh in their accounts.

Clearing ArcelorMittal's bid, NCLT said it cannot impose judicial view over banks' wisdom. The tribunal’s approval for the mega deal has come 583 days after it started the insolvency proceedings.

India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions waiver.