Jet Airways’ new 737 Max aircraft suffers bird hit

The Mumbai-Chennai flight had over 150 passengers on board. However, there were no reports of casualty due to the mishap. Read more »

Federal Bank looks to acquire Madura Microfinance

The deal is expected to be partly in share-swap, and partly in cash for the micro lender backed by private equity firm Elevar Equity Mauritius. Read more »

PCI appoints new chairman Vishwas Patel & co-chairman Loney Antony

Vishwas has been associated with PCI ever since its inception in 2013 and was serving as its Co-Chairman of Payments Council of India. Read more »

More powers for RBI: Piyush Goyal says government open to Urjit Patel pliant

The governor had also spoken critically of the ownership structure of PSBs saying regulatory powers are not ownership neutral. Read more »

AirAsia heaps pressure on Airbus over A330neo order

The long-haul arm of Malaysian low-cost carrier AirAsia Group Bhd is the largest customer for the aircraft, which is struggling for sales relative to rival Boeing 787. Read more »

Railways to fill up over 1 lakh vacancies by March-April 2019: Ashwani Lohani

There are 26,502 posts of loco pilots and technicians, and 62,907 Group D posts to be filled up in the process. Read more »

LIC’s stake buy in IDBI Bank may not need Parliament nod

Since it is going to be a financial deal as per the LIC Act, the legislation would not require amendment, sources said. Read more »

TDSAT asks DoT to return Rs 2000 crore bank guarantee to Reliance Communications

The OTSC dues are towards payment of market-linked prices for excess spectrum held by a telco. Accordingly, DoT had asked RCom to furnish Rs 2,000 crore in bank guarantees towards OTSC in... Read more »

Andheri bridge collapse: Alert motorman applies train brakes in time, averts tragedy

The road overbridge, built in 1971, collapsed near the eastern side of the Andheri railway station and part of it fell on rail tracks. Read more »

Government open to discuss RBI’s power over regulating PSBs: Piyush Goyal

The statement comes amidst strong opposition from banking and LIC unions to the government plans to sell its majority stake in the crippled IDBI Bank to LIC. Read more »