Railways to conduct Heavy-haul train trial in freight corridor on Sunday

Saturday, 29 December 2018 16:12
Expediting the much-delayed Dedicated Freight Corridor (DFC) project, the railways will conduct a trial run of a goods train on the newly-completed 306 km section between Madar (Ajmer) in Rajasthan and Kishangarh (Rewari) in Haryana in the western segment on…

NPAs hit banks’ profitability in 2018; addressing NBFC concerns: RBI

Saturday, 29 December 2018 09:32
Non-performing assets (NPAs or bad loans) weighed down the balance sheets of banks necessitating large provisioning, which adversely affected their profitability, especially of state-run banks during 2018, the Reserve Bank of India (RBI) said on Friday. In its “Trends and…

Amazon announces record sales for holiday season in 2018

Thursday, 27 December 2018 09:43
US-based online retail giant Amazon on Wednesday announced a record-breaking holiday season as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis. “Prime membership continued to grow…

P.V. Bharathi appointed MD&CEO Corporation Bank

Tuesday, 25 December 2018 09:34
The government has appointed P.V. Bharathi as Managing Director and Chief Executive of the Corporation Bank. According to the Department of Personnel and Training, the Appointments Committee of the Cabinet (ACC) approved the appointment following a proposal from the Department…

GoAir enhances services to Phuket with daily operations

Tuesday, 25 December 2018 09:33
Budget passenger carrier GoAir on Monday said that it has enhanced its operations to Phuket with the launch of daily directly flights from Mumbai, New Delhi and Bengaluru. According to the airline, it expanded the services effective December 22. “At…

GST may have single standard rate between 12-18%: Jaitley

Monday, 24 December 2018 16:40
Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST adding that the 28 per cent slab will soon be phased out, except on luxury and “sin goods”. He noted that…

Petrol price down by 20 paise across metros

Sunday, 23 December 2018 14:54
Domestic fuel prices declined for the second consecutive day with petrol prices falling around 20 paise in the four metropolitan cities. In the national capital, petrol was sold at Rs 70.07, down from Rs 70.27 per litre on Saturday, according…

Railway expenditure outpaces earnings, operating ratio breaches 112%

Sunday, 23 December 2018 09:30
With expenditure continuing to far exceed earnings, Indian Railways is facing a dismal financial scenario with the operating ratio breaching the 112-per cent mark. “The trend is unlikely to be reversed before March 2019 — when the National Transporter expects…

NCLAT stays insolvency proceedings against Eastern Coalfields Ltd

Sunday, 23 December 2018 09:29
National Company Law Appellate Tribunal (NCLAT) on Saturday stayed the commencement of corporate insolvency proceedings against Eastern Coalfields Ltd (ECL), a subsidiary of Coal India. Incidentally, the Kolkata Bench of the NCLAT had on Wednesday admitted the insolvency petition, filed…

B-Town hails decision by government to cut GST on movie tickets

Sunday, 23 December 2018 09:23
Movie tickets costing more that Rs 100 have been brought down from 28 to 18 per cent, Finance Minister Arun Jaitley announced on Saturday. Celebrities like Aamir Khan, Akshay Kumar and Ajay Devgn have hailed the move. Cinema tickets are…