Second runway commences operations at international airport in Bengaluru
The Bengaluru international airport is the first Greenfield airport in India to be built as a private-public partnership. Private promoters hold 74% (Fairfax 54% and Siemens Projects Ventures 20%) stake in BIAL, while the govt holds the remaining 26% (Karnataka State Industrial & Infrastructure Development Corporation Limited – 13%, Airports Authority of India – 13%).
RBI expects forensic audit report on PMC Bank by month-end
The multi-state co-operative bank has been under the RBI restriction since Septemb...
2 Russians charged in international malware scheme
The Justice Department unsealed charges Thursday against two Russian men in what authoriti...
Forensic audit on PMC scam expected by month-end: Shaktikanta Das
"There is a forensic audit underway. We will get the report by the end of this month. Assessment of the realisable value of the assets of the bank is also on," Das told reporters after the announcement of the monetary policy.
Several countries agree J&K internal matter of India: MEA in Lok Sabha
The Ministry of External Affairs has informed the Lok Sabha that several countries have agreed that matters related to Jammu and Kashmir are internal to the country following proactive outreach by the government.
Roads to be Audited to identify Black Spots, assess cause of accidents: Nitin Gadkari
Road accidents in India claimed over 1.5 lakh lives in 2018, a recent report by the transport ministry revealed. India ranks 1st in the number of road accident deaths across the 199 countries reported in the World Road Statistics, 2018, followed by China and the US. As per WHO, India accounts for almost 11% of the accident related deaths in the world.
Ola aims to double scale of business in Australia, New Zealand by 2021
A company source said the firm is looking to double the scale of business across parameters such as revenue, customers, driver-partners and the number of rides. Ola said it is "set to launch in 11 new locations each in Australia and New Zealand, taking its total presence across 33 cities in the region".
India to explore corridor between resource-rich Arctic & INSTC
“We look forward to cooperating with Russia in the Arctic Council and we are actively discussing potential areas of cooperation including in the sphere of energy security, scientific exploration and research and connectivity. We will explore the possibility of establishing connectivity between the Arctic Region and INSCTC," Indian envoy to Russia said.
Forex kitty continues to swells, scales past $451 bn mark
Announcing the fifth bi-monthly monetary policy on Thursday, governor Shaktikanta Das had said the reserves touched USD 451.7 billion as of December 3, an increase of USD 38.8 billion since April.
IndiGo plane suffers high engine vibrations mid-air; returns to Mumbai
The aircraft, flying from Mumbai to Bengaluru, was involved in an air turnback due to high vibrations in one of its engines. The plane has been grounded at Mumbai.
Pakistan's ailing economy gets USD 1.3 billion infusion from ADB
The ADB's quick dispersing special policy-based loan is part of a multi-donor economic reform programme led by the IMF to stabilise Pakistan's economy after a major deterioration in its fiscal position in 2018, according to a statement by the Manila-based regional lender.
Advent International, Temasek arms sell 8.2% in CG Consumer
Multiple financial institutions bought 5.12 crore shares collectively, the BSE data showed.
NRI entrepreneur converts old Scotland Yard HQ into luxury UK hotel
The hotel, where room tariffs start at 430 pound a night had its official launch this week with a formal ribbon cutting by UK secretary of state for digital, culture, media and sport Nicky Morgan and the Indian high commissioner to the UK, Ruchi Ghanashyam, among others.
Film maker wins copyright infringement case against Google, YouTube
Suneel Darshan, the proprietor of film production company Shree Krishna International, had filed a suit for permanent injunction against Google India and YouTube, and their US parent, in 2011, in the district court of Gurgaon for infringement of his copyright.
Investors expect international stocks to outperform US in 2020
The move into overseas stocks comes as economic fundamentals appear to be improving in parts of Europe and Asia while US growth looks to be slowing, drawing money away from a market that had been an outperfomer.
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