ECONOMY & NATION


Mumbai : SpiceJet on Wednesday said the Competition Appellate Tribunal (COMPAT) has set aside an impugned Competition Commission of India (CCI) order penalising the low-cost airline and two more rivals for alleged concerted action in relation to cargo fuel surcharge.   "COMPAT vide...

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Hyderabad : A city court on Wednesday convicted now defunct Kingfisher Airlines chairman Vijay Mallya in a cheque bounce case.   The 14th Additional Chief Metropolitan Magistrate convicted the industrialist under section 138 of Negotiable Instruments Act.   The court will...

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Moneylife Digital Team 20 April 2016
Existing banks and new challengers would increasingly engage, target and segment consumers on the new battleground – transactions, says a research report   With the Reserve Bank of India (RBI) issuing differentiated licenses, the competitive landscape for incumbent banks is changing...

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Pune : After coming under attack from Finance Minister Arun Jaitley for his "one-eyed king" comment on India's growth rate, Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday seemed to offer the peace pipe to the Centre saying that the country's current growth rate reflects the...

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New Delhi : Internet giant Google on Wednesday launched the newest version of Google Chromecast and Chromecast Audio to make streaming faster and easier for the India consumers.   Chromecast is a line of digital media players developed by Google. Designed as small dongles, the devices...

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Nishant Arora (IANS) 20 April 2016
New Delhi : The heat is slowly picking up in the burgeoning VR gaming market and Indian VR players are set to jump on the bandwagon. The $599 Oculus Rift virtual reality (VR) device is now being shipped. The $799 high-end HTC Vive is set to hit the global market later this year and Sony's...

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New Delhi : The government on Wednesday said it has set a target of 25,000 km of national highways to be built during 2016-17 -- up from 10,000 km in 2015-16.   "Minister of Road Transport and Highways Nitin Gadkari has fixed a 2.5 times increase in the target for award and...

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New York : RBI Governor Raghuram Rajan has said the morality needs to be kept aside while dealing with the recovery of non-performing assets (NPAs) of banks.   He was referring to the recent stringent action against beleaguered liquor baron Vijay Mallya in the loan fraud...

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New Delhi : The government on Tuesday conceded in the Supreme Court that 256 districts with a population of about 33 crore spread over 12 states were affected by drought, even as NGO Swaraj Abhiyan argued that the budget allocation of Rs.38,500 crore to the rural job guarantee scheme for...

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New Delhi : Even as the railways have decided to start work on the Rs.98,000-crore bullet train project next year, a swanky new Spanish high-speed train will arrive here next week for trials, for a service between the national capital and Mumbai.   "This Spanish high speed train is...

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Mumbai : Housing Development Finance Corp (HDFC) on Wednesday said it intends to sell up to 10 percent stake in its life insurance arm by way of an initial public offer when market conditions are favourable.   The development financial institution held a 61.3 percent stake in the...

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Moneylife Digital Team 19 April 2016
With WPI inflation consistently undershooting projections, the real value of nominal debt or credit card outstanding has become higher than expected. This may contribute to the building up of financial risks and make it difficult for households to manage their balance sheets says a report...

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New York : Video sharing platform YouTube has introduced a 360-degree live streaming and spatial audio to its platform for both the viewers and event organisers.   "Now anyone, with just their phone, can have that front-row experience without having to be there," technology website...

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Moneylife Digital Team 19 April 2016
Several financially distressed, small pharma companies can become easy prey to the underworld controlled drugs business. The recent seizure of drugs worth Rs2,000 crore from a loss-making Avon's plant may be just tip of an iceberg    The recent case of seizing a whopping 18.5 tonnes...

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Moneylife Digital Team 19 April 2016
Several financially distressed, small pharma companies can become easy prey to the underworld controlled drugs business. The recent seizure of drugs worth Rs2,000 crore from a loss-making Avon's plant may be just tip of an iceberg    The recent case of seizing a whopping 18.5 tonnes...

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Abhishek Waghmare (IANS) 19 April 2016
India’s biggest reform to transform the life of a crisis-ridden farmer is 91.6 percent behind schedule this year, prompting Prime Minister Narendra Modi to promise in five months what could not be done over the last 10.   As many as 250 agricultural markets nationwide (of 585...

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Moneylife Digital Team 19 April 2016
Currently, Advocate Saraogi is representing Rahul Raj in the Pratyusha Banerjee suicide case, and in 2011 addressed the press as counsel for SpeakAsia online survey company accused of duping lakhs of people for about Rs2,276 crore    Senior advocate Ashok Saraogi, who once represented...

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New Delhi : India has emerged as a key market for some of the global Net companies even though it is yet to make the cut to the top league in terms of revenue contributions, says a study by Morgan Stanley.   The top investment banker reached the conclusion based on app downloads in...

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Sujit Chakraborty (IANS) 19 April 2016
Agartala : As his family was at its wits end to obtain 50-year-old Ranjan Saha's death certificate, the banana seller startled one and all by returning home 16 years after he had been abducted by armed militants who held him captive at their hideout in Bangladesh. He was let off for "good...

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The parliamentarian and his supporters are accused of beating up Bhimjibhai Dabhi, a medical officer at the Amreli civil hospital, for allegedly refusing to attend to the injured son of district BJP women's chief Madhuben Joshi   The Gujarat High Court on Monday rejected Amreli BJP...

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