EgyptAir to resume Cairo-Moscow flights

Sat, 03/17/2018 - 07:38

Cairo, March 17 (IANS) EgyptAir, the flag carrier of Egypt, has announced it will resume direct flights to Russian capital Moscow as of April 12 after more than a two-year halt.


US dollar climbs after economic data

Sat, 03/17/2018 - 07:14

New York, March 17 (IANS) The US dollar traded higher against most major currencies as investors were digesting a batch of economic data from the country.


US stocks rally amid upbeat data

Sat, 03/17/2018 - 04:24

New York, March 17 (IANS) US stocks ended higher on Friday as investors meditated on a batch of generally positive economic reports.


Power sector woes: Government mulls easing RBI's NPA norms

Fri, 03/16/2018 - 20:52

New Delhi, March 16 (IANS) The Centre proposes to recommend that the RBI make some relaxation in its norms on non-performing assets (NPAs), or bad loans, of banks, failing which up to 70,000 MW of power projects will go under bankruptcy proceedings, the Association of Power Producers (APP) said on Friday.


HAL public issue debuts to divest 10% equity stake

Fri, 03/16/2018 - 20:12

Bengaluru, March 16 (IANS) State-run Hindustan Aeronautics Ltd's (HAL) initial public offering (IPO) opened on Friday with an aim to divest 10.2 per cent of its equity holding to raise about Rs 1,400 crore, said an official.


Microplastics contamination in bottled water not alarming: FSSAI

Fri, 03/16/2018 - 19:32

New Delhi, March 16 (IANS) The Food Safety and Standards Authority of India (FSSAI) on Friday said the findings of a US-based NGO about microplastics contamination in bottled water in India were not alarming as there was no known health hazards due to it.


BEL pays government Rs 262 cr interim dividend

Fri, 03/16/2018 - 19:10

Bengaluru, March 16 (IANS) State-run Bharat Electronics Ltd (BEL) on Friday said it has paid the government Rs 262 crore interim dividend for fiscal 2017-18.


ADB to lend $120 mn for improving Indian rail infrastructure

Fri, 03/16/2018 - 19:04

New Delhi, March 16 (IANS) The Asian Development Bank (ADB) on Friday signed a $120 million loan agreement with India to improve operational efficiency of Indian railways by double-tracking and electrification of tracks along high-density corridors.


PNB fraud fallout: 107 firms, 7 LLPs under SFIO scanner

Fri, 03/16/2018 - 18:44

New Delhi, March 16 (IANS) The government has ordered investigation to be carried out by the Serious Fraud Investigation Office (SFIO) into the affairs of 107 companies and seven limited liability partnerships (LLP) pertaining to multi-crore fraud in Punjab National Bank (PNB), Lok Sabha was informed on Friday.