Briefly Business: LIC selected as default NPS annuity provider
NEW DELHI: Pension fund regulator PFRDA has chosen state-run LIC as the default annuity service provider for subscribers exiting from New Pension System (NPS) and seeking withdrawal of accumulated pension wealth.
AirAsia, Tata JV seeks nod for leasing planes
new delhi: Air Asia and Tata Group, which have proposed to set up a domestic airline along with Arun Bhatia of Telestra Tradeplace, have sought approval for renting and leasing of aircraft in their application to the finance ministry.
Jet Airways seeks nod to buy Kingfisher slots
Mumbai: With the government withdrawing Kingfisher Airlines’ international flying rights and domestic slots, the Jet Airways has approached the civil aviation ministry to acquire six of the vacant slots, according to company sources.
IMG formed to look into coal linkages
NEW DELHI: The coal ministry has set up an inter-ministerial group (IMG) to look into coal linkages of power plants having capacity of 16,000 MW, which are at advanced stages of commissioning.
HDFC Bank raises $500 mn from abroad
MUMBAI: HDFC Bank has successfully sold a $500 million five-year bond at 3 per cent coupon, its lowest yet. The money was raised through its Bahrain branch over the last weekend.
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