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Top 10 business news today: British Airways luggage rule, Delhi Metro price hike proposed, brand ambassadors under scanner, APJ Abdul Kalam remembered, more

Mon August 03 2015, 1:01 pm
  • British Airways luggage

    British Airways slashes the size of hand luggage
    British Airways has reduced the size of the hand luggage, for economy class travellers, by nearly half from August 18 after claiming that big passenger bags were causing regular flight delays. The maximum size of main carry-on bags will remain unchanged, but smaller second bags such as handbags will be capped at 40x30x15cm instead of the current 45x36x20cm. Currently, passengers can board flights carrying two bags - one bag of up to 56x45x25cm, weighing up to 23kg, plus another bag up to 45x36x20cm. Economy and premium economy travellers will be affected by the change, although those in first class will be exempt. (Image: Reuters; text: PTI)

  • Delhi Metro fare hike

    Delhi Metro proposes to raise ticket rates up to Rs 50
    Faced with rising operational costs, Delhi Metro has proposed a five-slab fare system in the range of Rs 10-50 to mitigate the “adverse” impact on its financial health. The proposals, if accepted, would replace the existing 15 fare slabs ranging from Rs 8 to Rs 30. The new fares would be Rs 10, Rs 20, Rs 30, Rs 40 and Rs 50, a Metro official privy to the developments said. (Image & text: PTI)

  • Ram Vilas Paswan, Maggi, brand ambassador

    Bring brand ambassadors under consumer law: CAIT to Paswan
    Amid the Maggie controversy, trader body CAIT on Sunday requested Consumer Affairs Minister Ram Vilas Paswan to bring brand ambassadors under the ambit of the Consumer Protection Bill, 2015. The Confederation of All India Traders (CAIT), in a letter to the Minister, said that under the new chapter of 'Product Liability' added in the Bill, the brand ambassadors should be included as Service Providers since endorsements by them are made primarily with an aim to push the sales of a product. (Image & text: PTI)

  • GST, Arun Jaitley, Congress

    "Payments banks will change the banking habits of people, it will change the way they think, it will change the way they keep the money, where they keep their money, it will change the way they pay," said Arun Jaitley. (AP)

  • Jaipur Postal department, Abdul Kalam

    Postal department employees work on Sunday as tribute to APJ Abdul Kalam
    Over 900 employees of post offices in Jaipur worked on Sunday as any other usual working day as a mark of respect to former President A P J Abdul Kalam, who passed away last week. It was an usual working day in all 81 post offices of Jaipur and even postmen were on job to deliver mails in the city, Senior Superintendent of Post Office Dinesh Mistry said. Over 5,000 speed posts and 6,000 to 7,000 ordinary letters were delivered today, he said. (Image & text: PTI)

  • Rothschild

    Investors keen on India, need policy stability: Rothschild
    India is fast re-emerging as a good business destination among foreign investors, but they need greater assurances for stability of taxation and other policies before they start making strategic investments in Mumbai, global investment banking giant Rothschild has said. (Text: PTI)

  • UTI Mutual Fund

    UTI MF crosses Rs 1-trillion mark; eyes leadership slots
    UTI Mutual Fund, the country's oldest fund house, has attained an asset base of over Rs 1 lakh crore with about one crore investor accounts and is now targetting leadership positions across various segments. Besides expanding its presence to smaller cities, the fund house is also looking to bolster its offerings in terms of pension and offshore market products, UTI Asset Management Company's Managing Director Leo Puri said.
    UTI AMC, which runs UTI Mutual Fund, is also looking to launch an Initial Public Offer (IPO) to become the country's first asset management company to go public.(Text: PTI)

  • SEBI

    (Express photo; text: PTI)

  • LIC

    LIC nets 15 pc gains from equity play at Rs 24,373 cr in FY15
    In spite of mounting regulatory glare and analyst criticism, state-run financial sector powerhouse LIC has reaped rich returns from its equity market play in the last fiscal with 15 per cent gains at Rs 24,373 crore. (Image: Associated Press; text: PTI)

  • public provident fund, PF

    Bankers see higher PPF rate limiting more deposit rate cuts
    Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.
    "We think deposit rates are dropping. However, there is a stickiness to the levels to which they can drop. The main reasons being competition from small savings rates," Uday Kotak, vice-chairman and managing director of Kotak Mahindra Bank, said.
    (Image: Reuters; text: PTI)

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