Spot power bids hit ceiling as states rush to ensure reliable power ahead of elections

Discoms of states like Maharashtra, West Bengal, Bihar and Tamil Nadu are placing desperate bids to buy electricity at Rs 20 per unit, 40% more than the asking price. Read more »

Par panel questions top managements of private airlines over spike in excess luggage charge

All private airlines allow only up to 15 kgs of luggage on domestic flights free of cost, while the state-owned Air India allows up to 25 kgs. Read more »

Visakhapatnam Port Trust turns 86, draws up plans to become most preferred in South Asia

VPT achieved an operating profit of Rs 250 crore in the last fiscal handling 63.5 million tonnes of cargo while the target for the current year has been set at 68 million... Read more »

1.5 years after launch, UDAN remains a mixed bag as two airlines fail to perform

According to the AAI data for the 17 months of UDAN, a total of 15,723 flights were operated by seven airlines on about 60 routes. Read more »

ITC’s investment in Uttarakhand crosses Rs 1,400 crore

ITC has an expanding presence in the state across all three sectors of its economy – agriculture, manufacturing and service, he added. Read more »

Ikea not to hike prices of low-end furniture products

Patrik said Ikea is a global company and it would appreciate global trade, but would not be happy with trade barriers such as customs tariff or import duties. Read more »

Flipkart forays into insurance space, teams up with Bajaj Allianz

The insurance offering will be available from October 10, the start of Flipkart's The Big Billion Days (TBBD). Read more »

IndiGo systems down for 90 minutes, impacts airline operations

Airport sources said that flight delays will continue with the airline at least till end of the day today Read more »

Parking space for nearly 10,000 cars in Noida by March-end: Official

Work on five major parking spaces is underway here and will be completed by March 31 next year, offering space to park nearly 10,000 cars in the city, an official document said. Read more »

Inox to add 50-60 screens every year; scouts for inorganic growth opportunity

The company, which has so far acquired brands as Calcutta Cinema Private Ltd, Fame India and Satyam, is open for more such inorganic growth opportunities in coming future for expansion in regional... Read more »