5-star hotels near Mumbai airport get development bonanza

Till now, such hotels could carry out construction on only 50% of their plots. Now, they have to give the BMC only 10% of the total plot area (or 20% of the... Read more »

Companies offer heavy discounts on cars, SUVs as slowdown bites

Discounts are being offered from mass players like Mahindra to luxury sellers BMW and Mercedes-Benz. Read more »

What you need to know if you plan to take the world’s longest flight

Travelling to the world’s opposite time zone is never going to be an entirely painless process. Read more »

Passenger vehicle sales dip 5.6% in September

Cumulative vehicle sales in the first half of the ongoing fiscal year rose 6.88% to 1,744,305 units, slower than the more than 9% growth reported in the April-September period last year. Read more »

Air India pilots keep flying despite takeoff mishap

Following the incident, aviation minister Suresh Prabhu announced that he had ordered to put in place a third party professional organisation to look into various safety aspects at Air India. Read more »

Jaiprakash, RKM, 5 others bag 1,900MW power supply deals

Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-owned Power Finance Corp, awarded the contracts on Friday. Read more »

Inox Leisure returns to BookMyShow

Inox had terminated its long term contract with BMS after disagreement over payments early September. Inox had sought more money from BMS for rights to sell its tickets, but BMS refused. Read more »

Norwest Venture buys into Veritas

Founded in 2015 by D Arulmany, Veritas Finance lends to micro, small and medium enterprises in India. It has a loan book of Rs 496 crore, through 125 branches. Read more »

Banks under PCA are on the mend: Viral Acharya

The RBI has put 12 banks, 11 state-run and one from the private sector, under PCA because of their poor financial health. Read more »

Drug makers may have to pay 5 times more for pharma imports

The ministry is once again mulling a hike in fees for several regulatory submissions for foreign drug makers, said two senior health ministry officials. Read more »