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Engine snag forces Hyderabad-bound IndiGo flight to return to Mumbai

This is the 23rd engine snag the airline has faced with Pratt engines in the last two years

GoAir's Bengaluru to Phuket flight returns due to technical glitch

The airline said that as precautionary measure the flight returned back to Bangalore.

Nippon Life India AMC Q3: PBT jumps 18% to Rs 193 cr on rise in asset base

Management says post-rebranding several major investors have come back

Two-wheeler volumes to skid 8-10%, demand likely to remain weak: Icra

Despite the near-term volatility, ICRA maintains a stable outlook for the two-wheeler industry for the coming 12-18 months

K V Kamath, Swapan Dasgupta may be inducted into govt in Cabinet reshuffle

With the Modi government having completed nearly eight months of its second term, speculation is rife regarding the first major reshuffle of the Cabinet and the council of ministers

Power Finance Corporation's $750-million bonds gets over-subscribed

First government company to issue bonds with more than 10 years tenure

'Mo Sarkar' initiative likely to hasten pace of new investments

In addition to industries and MSME departments, the Mo Sarkar initiative will cover key agencies and corporations whose functions are intertwined with the two departments

Moody's places YES Bank's long-term foreign currency rating under review

The Baseline Credit Assessment was also downgraded to 'Caa2' from 'B3'

Startek appoints Aparup Sengupta as executive chairman, global CEO

He is also an operating partner of Capital Square Partners, a Singapore-based private equity firm and majority shareholder of Startek

RBI releases national strategy for financial inclusion for 5-year period

The financial inclusion is increasingly is a key driver of growth and poverty alleviation world over

GMR subsidiary forms JV with ESR to develop industrial park in Hyderabad

ESR and GHAL have entered into a definitive agreement with an equity interest of 70 per cent and 30 per cent respectively in the SPV-GMR Logistics Park Private Limited

Bajaj Allianz moves core policy administration system onto TCS BaNCS Cloud

The company has successfully moved its core policy administration system for its travel lines of businesses

HDFC cuts interest rate by 5 basis points with effect from January 2020

For customers with loans above Rs 75 lakh, the effective rate will be 8.45 per cent. For women borrowers in each loan category, the effective rate is 5 bps lower

Dividend payout ratio 75% for foreign-owned insurance intermediaries

In case the profit for the relevant period includes any extra-ordinary profits or income, the payout ratio shall be computed after excluding such extra-ordinary items

IOB to get Rs 4,360 crore from govt, hopes to report profits from March

Karnam Sekar, Managing Director and Chief Executive Officer, IOB, recently said that the bank is expected to come out from prompt corrective action soon

FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday

Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card

Those not filing GST returns may face attachment of property, bank accounts

The GST commissioner may resort to provisional attachment under the section 83 of the Central GST Act

India's import cover improves to 10 months in June 2019, says RBI report

The foreign exchange reserves increased by $14.0 billion during April-June 2019

Jaideep Nandi of Asian Paints to join Bajaj Consumer as chief executive

An alumnus of the Indian Institute of Management, Bengaluru, Nandi has been with Asian Paints, working in various capacities and diverse markets including India, Middle East, and South East Asia

Midhani wants India-US defence ties to extend to alloys and rare earths

Midhani has mastered the processes and production of hundreds of alloys based on nickel to tungsten in the past 40 years