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Banks borrow record Rs 2.66-lakh cr from RBI

Money from system flows to govt coffers as part of advance tax outflow

AirAsia India announces new CEO, team

Abrol was recently the CEO of Tune Money, a startup owned by Tony Fernandes that aims to deliver low-cost financial products in South East Asia

Pawan Hans to tie up with Airbus for helicopter MRO

Pawan Hans operates a mix of around 50 Dauphin and Bell helicopters

Look beyond offset policy, firms tell govt

Global manufacturers lay stress on R&D to develop aerospace manufacturing sector

Airbus sees demand for 1,600 planes in India

The European plane maker said over the next two decades, the country will need 1,230 single aisle narrow body aircraft

India Aviation Report says country to become third largest aviation market by 2020

With 81 million trips, India's domestic aviation market grew at over 20.3% during Janurary-December 2015

NBFCs may see an uptick in NPAs: Icra

Gross NPA percentage could increase to 4.2-4.4% by year-end

Genpact extends support to Indian women Olympians

Ties up with Olympic Gold Quest, a not-for-profit that helps athletes gear up and appear in Olympics

Ola to add 5,000 CNG cabs in Delhi, NCR this month

This is part of a plan to invest Rs 200 cr to build its CNG cab capacity in Delhi over the next six months

Workers' union gets recognition at Tata's Sanand unit

Another meeting today to try and resolve stir; labour department hopeful

Biocon to co-develop and produce recombinant insulin for US market

Ties up with Mexico's PiSA for the insulin to tap the $2-billion US market

ONGC, OIL ratings may come under pressure: Moody's

Drop in oil prices and weak natural gas prices have caused a fundamental change in energy industry

Boost for new Nifty's vital statistics

The changes will improve Nifty's ROE by 80-90 basis points and reduce its leverage.

Suzuki Motorcycle expects growth in domestic, export market next year

The company is looking at exporting the new Access 125 cc version to neighbouring countries

DGCX plans to set up shop at GIFT-IFSC

GIC, New India Assurance and SBI also finalising big plans

Drought shock dims Odisha's growth: Economic Survey

The real growth rate of the state economy has been projected at a limping 6.1% in 2015-16

Bombay HC grants injunction relief to Bajaj Auto

Restrains scrap dealer IB Commercial from making defamatory accusations

Impactful ideas feted at Marico awards

Amitabh Kant was chief guest at the Marico Innovation Awards

Practo makes an entry into Latin America starting with Sao Paulo, Brazil

Practo has a presence in over 50 cities and lists 200,000 doctors and 10,000 hospitals on its platform

Moody's lowers 2016 outlook on global shipping sector to negative

Supply growth to outpace demand growth in 2016 by more than 2%, suppressing freight rates mainly in the dry bulk, container segment, says the ratings agency