IndiGo adds Kuwait and Abu Dhabi to its international network

New Delhi, Aug 24 () Budget carrier IndiGo today said it will add Kuwait and Abu Dhabi to its international destination from October this year. Read more »

Banking industry to see write-backs: Official

"Indian banking sector is expected to see substantial write-backs by the end of this financial year on account of resolution of stressed assets," State Bank of India's (SBI) Group Economic Adviser Soumya... Read more »

Improve governance practices or perish: RBI to UCBs

Since the fall of the Madhavpura Cooperative Bank scam of 2002, urban cooperative banks (UCBs) have been witnessing a steady fall in their market share. Read more »

Railways to replace loss making AC II-tier coaches in premium trains with AC-III

"We have decided to get more AC-III tier coaches because they generate more revenue for us," Chairman Railway Board Ashwani Lohani said, without giving a deadline for replacement of the coaches. Read more »

Smoother ride on Rajdhani, Shatabdi trains from October

"The couplers will be replaced in Rajdhani and Shatabdi trains running in Northern Railways by October this year. This will remove the jerks experienced by passengers on board trains," said Lohani. Read more »

GVK invites bids for engineering, construction at planned Navi Mumbai airport

The GVK-led team is also working on a plan to increase the final capacity of the airport by 50% to 90 million. Read more »

Kwan Entertainment to manage Shikhar Dhawan’s commercial associations

Shikhar Dhawan will join the sports portfolio of KWAN, which also includes cricketers such as Dinesh Karthik and Shubman Gill, tennis star Sania Mirza and squash sensation Dipika Pallikal. Read more »

IndiGo, GoAir ground 9 A320 neo planes on P&W engine woes

New Delhi, Aug 24 () IndiGo and GoAir have grounded nine A320 neo planes due to Pratt & Whitney engine issues, aviation regulator DGCA said... Read more »

Resolution soon on 7-8 stressed power assets worth Rs 17,000 cr, says SBI MD

New Delhi, Aug 24 () State Bank of India managing director Arijit Basu said today that about 7-8 power sector projects worth Rs 17,000 crore are expected to be resolved soon as... Read more »

Suresh Prabhu directs DGCA to submit a report on grounding of A320 Neos

In a statement, Prabhu said “Security of passengers is of paramount importance and should not be compromised at any cost.” Read more »