Narrow escape for Air India passengers in New York, as systems fail during landing

The plane finally landed at the Newark Liberty International Airport, which offered a better visibility than JFK airport, 38 minutes after they had done a go-around at the JFK airport. Read more »

Vodafone Idea to merge Aditya Birla Telecom

Airtel through Bharti Infratel and British telecom firm Vodafone hold around 42 per cent stake each in Indus Towers and ABTL holds 11.15 per cent. Read more »

Petrol sniffs at Rs 90 in Mumbai;12 Maharashtra cities selling over Rs 91

Maharashtra has the highest fuel cost among all the states as it charges the highest VAT on the petrol and diesel at a little over 39 per cent, including the Rs 9... Read more »

AAI to prepare project report for Sri Lanka’s Palaly airport

The official said all the technical and design aspects would be covered in the DPR, which is expected to be completed in three months time. Read more »

Solar tariffs hit their record low once again

The finance ministry last week had reinstated safeguard duty on solar panels and modules imported from China and Malaysia. Read more »

Banks merger a progressive step: Ficci

"This is a progressive move and signifies the government's determination to strengthen the banking sector in the country for a better performance and service delivery," said Rashesh Shah, President of Ficci. Read more »

RBI rejects Maha Bank request to set off Rs 2,543 cr losses against share premium amount

A share premium account reflects amount in a company's balance sheet accrued from additional amount paid by shareholders that is in excess of the par value of shares issued to them. Read more »

Numetal raises loan defaults by firms of Lakshmi Mittal’s brothers

Numetal and ArcelorMittal are locked in fierce takeover battle of Essar Steel and two are in the Supreme Court over bidding qualification. Read more »

NPAs: During the UPA rule and under the present government

Govt has said that the stock of NPAs had reduced by Rs 21,000 crore in last quarter. Read more »

The government logic behind the proposed merger of three banks

The govt today proposed to merge three public sector banks to create India's third largest lender. Read more »