Yes Bank slapped with Rs 38 crore in GST fines for violating domestic remittances norms

A bank official, however, said the money has been paid "in protest" and the lender believes that it has not violated any norms. Read more »

Angry Jet Airways passengers vent ire, threaten legal action

Passengers faced a condition called barotrauma, caused by sudden, extreme changes in atmospheric pressure. Read more »

PAC to examine flexi fare system in Rajdhani, Shatabdi, Duronto

The panel has selected a number of subjects to study and examine, including operational readiness of the Indian Air Force and training of officers in the Indian Navy. Read more »

SBI hopes to resolve 7-8 stressed power assets by Nov 11: Chairman

The RBI framework provided for a strict timeline for resolution of these bad loans where debt is Rs 2,000 crore or more. Read more »

Jet Airways passengers demands Rs 30 lakh compensation, 100 upgrades

Under the law, airlines are liable to pay compensation in case a passenger gets injured while travelling with them. Read more »

Tax Collected at Source for e-commerce is an unfair liability: IAMAI

The industry lobby body has said that Tax Collected at Source (TCS) mandates all sellers to register under GST even if they are under the income threshold. Read more »

SpiceJet announces direct flights from Guwahati to Patna, Hyderabad

The announcement of the new flights by Spicejet was made in the presence of Assam Chief Minister Sarbananda Sonowal in a programme held at the secretariat Read more »

Tata Steel celebrates its 100 years in the Netherlands

The Dutch site was founded in 1918 and it currently employs 9,000 people with an annual production of 7 million tonnes of steel. Read more »

CCI approves ArcelorMittal’s acquisition of Essar Steel

ArcelorMittal and Numetal are in the race to acquire Essar, currently undergoing insolvency proceedings. Read more »

Cement demand in South India improving: N Srinivasan, India Cements

The Southern region recorded a growth of over 20 % cement output in the first quarter of the current fiscal. Read more »