Business

The seasonally adjusted Nikkei India Services Business Activity Index fell to 50.2 in May, from 51.0 in April, pointing to the slowest growth rate in the current 12-month stretch of expansion.

SpiceJet which operates narrow body and turboprop planes, does not have firm plans to become a widebody operator with longer-range flights in the wake of Jet Airways collapse until the deal seems 'significantly profitable', said SpiceJet Chairman Ajay Sin...

In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore in the revised estimates of Budget.

The company has to date raised close to $74 million in equity financing. Sequoia Capital is its largest single investor.

At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.76 a dollar and fell further to touch the day's low of 69.93. It finally settled at 69.87 per dollar, down 4 paise over its previous close.

The increasing inroads the foreign steelmakers are making will add to pressure on the government to take protectionist measures to support local mills.

In February, the Union Cabinet had approved promulgation of an ordinance to allow voluntary use of the 12-digit unique number as identity proof for opening bank account and procuring mobile phone connection.

According to Niti Aayog vice-chairman, to double farmers' income, there is a need to reduce the cost of agriculture production and giving farmers more values for their output through agro processing industries.

A meeting of the representatives from the Hinduja Group and Etihad Airways took place on 23 May in Abu Dhabi to work on the structure of the deal.

The report expects the inflation framework, fiscal consolidation, infrastructure spending, FDI focus and strong external affairs policies to continue.

Adani Enterprises have risen by about 170% since Narendra Modi became prime minister in 2014, compared with around 40% gains seen under the previous Congress-led regime.

The decision to create a specialised supervisory and regulatory cadre within the RBI was taken at the meeting of the Central Board of the apex bank headed by Governor Shaktikanta Das. It was 576th meeting of the RBI Central Board.

The domestic carrier is preparing to start overseas flights and has also placed orders for a significant number of planes.

Panagariya, who served as the first Vice Chairman of the NITI Aayog from January 2015 to August 2017, was responding to a question on what should be the priorities of the government to be formed after the declaration of the election results on May 23.

Adani Group stocks jumped, with Adani Enterprises surging 27.4%. Reliance Power surged 17.8%, Time Technoplast was up 16.8%, Jamna Auto Industries was up 16.3% and GE T&D India was up 15.7%.

This is a setback for the largest private carrier whose co-founders Rahul Bhatia and Rakesh Gangwal are reported to have differences over control of the airline and are taking legal advice from experts.