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United to resume flights to India on September 6 United to resume flights to India on September 6



New Delhi, A day after Pakistan withdrew airspace restrictions, the US-based United Airlines said it would resume daily non-stop flight to India on September 6.

"After reviewing and re-evaluating plans, our network operations and planning teams have determined that we will resume daily non-stop service between New York or Newark and Delhi and Mumbai on September 6," the company said in a statement.

Reliance Power enters into Inter-Creditor Agreement with lenders Reliance Power enters into Inter-Creditor Agreement with lenders


Mumbai, Reliance Group subsidiary Reliance Power on Friday said that it has entered into an Inter-Creditor Agreement (ICA) with six lenders for resolution of the company's debt.

According to Reliance Power, the ICA was signed on July 6, 2019. The agreement has been signed under the framework of the Reserve Bank of India's (RBI) Circular of June 7, 2019.

Sensex logs heaviest fall in 7 months as Budget fails to deliver Sensex logs heaviest fall in 7 months as Budget fails to deliver

 

Mumbai, Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices -- Sensex and Nifty -- fell over 2 per cent.

Global markets traded lower after US reported strong job data, which faded hopes of an aggressive rate cut by the Federal Reserve.

PNB reports Rs 3,805 cr fraud by Bhushan Power & Steel PNB reports Rs 3,805 cr fraud by Bhushan Power & Steel



New Delhi, Another fraud, this time amounting to Rs 3,805.15 crore has been reported at the state-run Punjab National Bank (PNB), this time by the now-insolvent Bhushan Power and Steel Ltd (BPSL).

In February 2018, the Rs 13,500-crore scam involving diamantaires Nirav Modi and Mehul Choksi had come to light at the PNB.

In a regulatory filing on Saturday, PNB said that BPSL had misappropriated funds and manipulated books of accounts to raise funds from consortium lender banks.

Sensex slumps 460 points post Budget presentation Sensex slumps 460 points post Budget presentation

 

Mumbai, The Union Budget 2019-20 failed to cheer the equity market as the BSE Sensex slumped over 460 points minutes after Finance Minister Nirmala Sitharaman concluded her speech.

At 1.28 p.m., the Sensex fell 466 points to the day's low of 39,441.38, from the previous close of 39,908.06 points.

Although the market opened on a positive note, the downtrend began within half an hour of Sitharaman's speech as she presented her first budget and trade remained largely choppy throughout the two hours 15 minutes speech.

FICCI recommends tax incentives for movie theatres FICCI recommends tax incentives for movie theatres

 

New Delhi, The Film Exhibition Industry of the country needs tax incentives in the form of a tax holiday period, lower tax rates and subsidies among others to achieve its potential and for its higher penetration into the Tier-II and Tier-III cities, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).

In its budget recommendation, the movie theatre industry body has said that although India is the world's largest producer of movies, its film exhibition industry is largely untapped.

Huawei Mate 30 5G launching in December: Report Huawei Mate 30 5G launching in December: Report


Shenzhen, For those wondering if Huawei was still working on its flagship Mate series, the Shenzhen-headquartered smartphone giant is working to introduce its Mate 30 5G in December, according to a slide shared by company officials at a conference in Russia.

Ambrane launches its BIG BATTERY, 20000 mAh Lithium Polymer Power Bank Ambrane launches its BIG BATTERY, 20000 mAh Lithium Polymer Power Bank


Ambrane India,  leading brands in Mobile Accessories and Power Banks, announces its mammoth, 20000 mAh, high density Polymer Battery - Stylo 20k. The combination of high battery capacity with compact looks makes it an ideal choice for those who spend a lot of time travelling and often run out of battery.

H55's fully electric airplane takes off in Switzerland H55's fully electric airplane takes off in Switzerland



Sion Taking a big step towards developing flying taxis, H55, a Solar Impulse technological spin off, successfully flew a two-seater fully electric airplane on Friday.

Powered by H55's electric propulsion system and manufactured by BRM Aero, the Bristell Energic airplane will be used for pilot training and flight schools, H55 said in a statement.

The Bristell Energic offers a solution which is clean, quiet, cost efficient and safe, the company added.

China opposes 'politicization' of Huawei issue in India China opposes 'politicization' of Huawei issue in India


Beijing, China has said it is opposed to the "politicization" of Huawei's likely participation in the 5G network trial in India after New Delhi said it has security concerns in letting the Chinese company take part in the much-awaited exercise.

China's Foreign Ministry toldthat Beijing expects India to take an "independent" view on Huawei's participation and asked it to be "fair" to the telecom equipment firm.

Facebook's digital currency 'Libra' coming in 2020 Facebook's digital currency 'Libra' coming in 2020


San Francisco, As the chorus grows to break up Facebook and regulators scramble to fix it over privacy violations, the social networking giant on Tuesday announced a digital wallet subsidiary called 'Calibra' that would launch Blockchain-powered cryptocurrency 'Libra' next year to help nearly one billion people globally who don't have a bank account but do have a mobile phone.

RBI panel to review liquidity management framework RBI panel to review liquidity management framework



Mumbai, To review the liquidity management framework, the Reserve Bank of India (RBI) will set up an internal working group, which will suggest measures to simplify the current framework, last reviewed in 2014. The group is expected to submit the report by mid-July.

Uber, Indian Oil to offer fuel discounts to drivers Uber, Indian Oil to offer fuel discounts to drivers


New Delhi, Ride-hailing giant Uber on Thursday announced it is partnering with state-run Indian Oil Corp Ltd (IOCL) to offer discounts to drivers on petrol, diesel and CNG at IOCL petrol pumps across India.

Over 12,000 Uber driver partners have already registered for this programme.

Enhance your Cinematic experience at Homes, with Truvison Home Theatre Speaker Enhance your Cinematic experience at Homes, with Truvison Home Theatre Speaker


Truvison, one of the largest consumer Durables Brand in India adds another addition to its Audio portfolio with 4.1 Speakers ‘TV4025BT Home Theatre System’. From explosive action sequences to the pulsing bass beat of your favorite songs, immerse yourself in sound at massive 8500W PMPO.

April passenger cars sales down 20% Market to stay volatile but with an upward bias Mukesh Ambani breaking all barriers to connect next billion Mudra loans may cross Rs 3 lakh cr in 2019-20 Sensex ends below 39k, India VIX 5% up Mahindra Group, Ford to co-develop midsize SUV We will send you to jail: SC to Ranbaxy brothers Banks, others may lose over Rs 90,000 crore as Videocon sinks Jet pilots defer mass leave decision to April 15 Verka Launches Premium Ice Creams, Amour Ambrane announces Moon Shaped, Portable Bluetooth Speaker ‘BT 2900’, RCOM stocks jump 10% after it pays dues to Ericsson FIIs bullish, buzz points to stability ahead India grounds B737s, US won't ground them Sensex surges 340 points over easing US-China trade tension FIIs pull out Rs 3,000 cr in 3 days post Pulwama attack but DIIs maintain support Airtel tops in download speed during December-January: Report Israeli airline to launch two non-stop India routes Mumbai-Dehradun Jet flight diverted to Chandigarh for technical reason Sensex tanks 425 points, Nifty below 11,000 Last hour rebound lift equity indices, Sensex ends 113 pts up Ravneet Singh Gill to be Yes Bank MD, CEO China's economic growth rate slowest since 1990 Reliance Jio Q3 standalone net profit up 65% Wave Estate invests Rs 200 cr to bring affordable housing in Mohali After India, Musk finds fault with Singapore Sensex, Nifty open flat; financials in red US stocks close mixed as volatility continues; dollar retreats 5G-enabled, foldable smartphones became a reality India needs solid digital strategy to succeed in data age: Seagate