Pratt & Whitney look to gain from UDAN scheme

Under UDAN (acronym for ‘ude desh ka aam nagrik’), the government plans to offer flights to unserved and underserved parts of the country at a... Read more »

Fitch Assigns Final Ratings to Morgan Stanley Capital I Trust 2016-UBS12

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned ratings to the Morgan Stanley Capital I Trust 2016-UBS12 commercial mortgage pass-through certificates. KEY RATING DRIVERS Concentrated Pool by Loan Size: The top 10 loans comprise 62.4%... Read more »

ONGC demands 15-year licence for Sudan block

The contractors and the government of Sudan are renegotiating the terms of the contract, Sudan has sought a higher share in profit and increased royalty. Read more »

A.M. Best Downgrades Credit Ratings of Modern Woodmen of America

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa-” of Modern Woodmen of America (Modern... Read more »

IndiGo to lock horns with DGCA for taking two pilots off duty

The DGCA probe came after Trinamool Congress alleged that an IndiGo flight carrying West Bengal chief minister Mamata Banerjee was not accorded priority Read more »

CERC allows Tata Power, Adani to pass through high cost

"The petitioner is entitled to relief for force majeure event in terms of Article 12.7 (b) of the PPA (power purchase agreement)," CERC said in its order. Read more »

RIL, ONGC under lens over KG Basin dispute

The Committee has observed that the 2003 Appraisal Report prima facie reveals that RIL had prior knowledge about connectivity and continuity of reservoirs Read more »

Rising competition hurts LG India’s FY16 sales show

The current fiscal may continue to be difficult for the Korean major with the company yet to make any major breakthrough in the e-commerce and smartphone markets. Read more »

Thailand’s Siam Makro looks to set up 100% cash-and-carry operations here

Cash-and-carry is currently a Rs 6,800-crore market in India, and has been growing at an annual rate of 13%, faster than modern trade but on a lower base. Read more »

PVR to enhance cine experience with 4DX screens

4DX is the first and leading 4-dimension (4D) cinema technology for feature films that provides moviegoers with an immersive cinematic experience using motion, wind, lightning, vibration, fog, rain, snow, rainstorm and scents... Read more »