Government clears the decks for six new airlines
Overturning a policy of selectively granting aviation licences to applicants, the civil aviation ministry has approved six new airlines.
By LiveMint
UPDATED ON JUL 22, 2014 02:32 PM IST
Overturning a policy of selectively granting aviation licences to applicants, the civil aviation ministry has approved six new airlines.
The move could result in as many as eight new airlines taking to the skies this fiscal year, including Tata Sons Ltd’s low-cost joint venture (JV) with Air Asia Bhd that has already started flights and its premium JV with Singapore Airlines Ltd (SIA), expected to launch operations in October.
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Bloomberg
UPDATED ON JAN 23, 2021 10:54 PM IST
As many as 257,613 passengers flew locally as on Jan. 22, compared with 30,000 passengers that traveled by air when such flights were restarted on May 25, Puri said in a Twitter post on Saturday.
Oil industry reels as Joe Biden targets fossil fuels in first days
Bloomberg
PUBLISHED ON JAN 23, 2021 06:25 PM IST
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PTI, Washington
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On the day one of his presidency on Wednesday, Biden sent a comprehensive immigration bill to Congress which proposes major overhauls to the system.
PMC Bank fraud: ED arrests Viva group MD, consultant
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PUBLISHED ON JAN 23, 2021 03:31 PM IST
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By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JAN 23, 2021 11:19 AM IST
Gold price was up in the national capital on Monday with a recovery in international prices and rupee depreciation, according to HDFC Securities.
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By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 23, 2021 11:11 AM IST
Petrol prices in Delhi rose to ₹85.70 and diesel prices were up by 15 paise to rise to ₹75.88 per litre.
RBI proposes stricter norms for non-banks
By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON JAN 23, 2021 07:39 AM IST
The regulator proposed to classify the shadow banks into four categories, depending on their systemic importance and potential risk to the stability of financial system stability.
Markets skid amid weak global cues
By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON JAN 23, 2021 07:37 AM IST
Stocks in the Asia-Pacific also traded lower, with Hong Kong’s Hang Seng falling 1.6%, China’s Shanghai Composite 0.4%, Japan’s Nikkei 0.44% and South Korea’s Kospi 0.64%.
CSR offences by firms now a ‘civil wrong’, not a crime
By Rajeev Jayaswal
PUBLISHED ON JAN 23, 2021 05:25 AM IST
In line with a commitment made by the finance minister, the government formally notified that non-compliance with CSR provisions would be a “civil wrong,” not a crime, and shifted such violations to a penalty regime, two officials said, requesting anonymity.
Intel tumbles after new CEO recommits to chip manufacturing
Bloomberg
PUBLISHED ON JAN 22, 2021 08:00 PM IST
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PTI, New Delhi
PUBLISHED ON JAN 22, 2021 06:34 PM IST
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India will be role model on how to vaccinate billion people at scale: Nilekani
PTI, New Delhi
PUBLISHED ON JAN 22, 2021 06:02 PM IST
Speaking at Redseer's Ground Zero 4.0 event, Nilekani spoke on how to build for scale in India that presents a massive opportunity with a booming internet penetration and rising adoption of digital services.
Govt has pledged strict foreign investment rules for e-commerce, says CAIT
Reuters, New Delhi
PUBLISHED ON JAN 22, 2021 05:34 PM IST
India's e-commerce retail market is seen growing to $200 billion a year by 2026, from $30 billion in 2019.
Iran starts ramping up oil production to pre-sanctions levels
Bloomberg, Tehran
PUBLISHED ON JAN 22, 2021 04:47 PM IST
- Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.
Elon Musk targets telecom for next disruption with Starlink internet
Bloomberg
PUBLISHED ON JAN 22, 2021 04:40 PM IST
SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services, and demand in China and India.