State Bank of Mauritius’ India operations hit by cyber fraud

On October 2, the India operations of SBM Bank (Mauritius) Ltd was the subject of cyber fraud with a maximum potential loss of USD 14 million. Read more »

Mumbai runway repair work to begin from October 23

In the second phase, the maintenance and repair work on the intersection will be carried out between February 7 and March 30. Read more »

Air India to start direct flights from Kolkata to Bangkok, Jaipur

Flight AI 336 from Kolkata to Bangkok will be operated three days a week on Tuesdays, Thursdays and Saturdays. Read more »

Cabinet approves two Metro rail projects in poll-bound Madhya Pradesh

The estimated cost of the project is Rs 7,500.80 crore and the project will be completed in four years. Read more »

RBI accords sanction to set up Kerala Bank, says CM

Kerala Chief Minister Pinarayi Vijayan said he welcomed the decision of the RBI and have given instructions to complete the process of the merger by March 2019. Read more »

SC verdict on appeals of NuMetal, ArcelorMittal on eligibility to bid for Essar Steel tomorrow

The bench is expected to deal with the ways to prevent delays in insolvency resolution of debt-ridden firms due to continued adjudications at NCLT. Read more »

Ship-breaking players to profit due to pressure on shipping industry

With the revival of steel demand and increasing supply of shipping vessels for scrapping, the ship-breaking companies in India, Bangladesh and Pakistan are likely to profit. Read more »

Cabinet approves railway plans to commercially develop land, air space at stations

IRSDC will prepare the overall strategic plan and business plans for individual or a group of stations ensuring cost neutrality of this programme. Read more »

Railways to roll out 640 swanky Uthkrisht rakes by 2020 at a cost of Rs 400 crore

Developed as 'green rakes' (consisting of 20 or 22 coaches) at Eastern Railways' Liluah workshop, they cost Rs 60 lakh each. Read more »

Telcos’ gross revenue dips 10% to Rs 58,401 cr in June qtr; licence fees too shrink

The decline in AGR, which is revenue earned from sale of telecom services, led to fall in licence fees paid to the government by around 10 per cent to Rs 2,929 crore Read more »