FE Bureau

Jet Airways revival: Naresh Goyal steps down, lenders take charge

The finalisation of the roadmap for the troubled airline comes at a time when 84 planes out of its total fleet size of 119 are grounded as it has been in a severe financial crunch and has not been able to service loan payment

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Lok Sabha elections 2019: Rahul Gandhi promises minimum income of Rs 72,000 a year to bottom 20 percentile

Gandhi announced the scheme after discussing it at the Congress Working Committee, which had met at the AICC headquarters here to give final shape to the party’s manifesto.

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RBI to issue norms for regulatory sandbox for fintech sector in next 2 months

A “sandbox” is a framework set up by a regulator that allows FinTech start-ups to conduct live experiments in a controlled environment under supervision.

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FE CFO awards: Celebrating the best in the world of finance

The winners were chosen from a pool of around 100 companies shortlisted by knowledge partner Deloitte.

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UP, Maharashtra, Gujarat lead in PM-Kisan rollout

Many states that figure prominently on India’s agriculture map seem to have shown little efficiency or alacrity in completing the necessary formalities to ensure the income support reach the farmers.

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In a time warp: For phone bills, printed copy to remain default option

During a meeting with Trai, some stakeholders suggested that the default option be changed to electronic bill

Industry News

RBI’s swap mechanism to boost liquidity, says Subhash Chandra Garg

To shore up liquidity in the system, the RBI has purchased bonds worth Rs 2.9 lakh crore. Now, it wants to try out the swap mechanism to inject liquidity instead of undertaking more open market operations.

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Jet Airways crisis: Govt favours talks over insolvency

Rather than dragging Jet Airways into the insolvency process, it would be better if the issue is resolved through talks between creditors and debtors.

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PE inflows in real estate fall 9% Y-o-Y in 2018: Anarock

Commercial realty saw a Y-o-Y growth of 27% in PE investments, from nearly $2.2 billion in 2017 to more than $2.8 billion in 2018, aided by high occupancy levels, relatively lower rentals in dollar terms, quality Grade A asse

Markets News

Hyundai India, union ink fresh wage pact, technicians to get hike of Rs 25,200 per month

The three-year wage settlement will be implemented with retrospective effect from April 1, 2018 and will remain effective till March 2021.

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Social media firms need to appear before Indian Parliament, says Ravi Shankar Prasad

Prasad said the government respects the freedom of press and sees the social media also in that context.

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Netmeds buys health tech startup KiViHealth, draws up $10-million investment plan

KiViHealth’s AI-based prescription management technology helps doctors diagnose similar conditions in patients and aids stakeholders analyse trends that can be used as a predictive analysis tool

Industry News

Credit and debit cards make for over half of electronic payments volume: RBI Governor

RBI governor says it’s about a nine-fold increase over the last five years

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Tight liquidity leads to slowdown in housing finance companies’ credit growth

The housing loan portfolio growth for HFCs and non-banking finance companies (NBFCs) reduced to 13% y-o-y, from 18% as on December 31, 2018, said Icra.

Markets News

SC seeks CBI report in 2007 DA case against Mulayam Singh, Akhilesh Yadav

The DA case was filed in 2007 after allegations that the SP patriarch misused his office as the Uttar Pradesh chief minister to accumulate vast amounts of wealth.

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Digital enterprise: Tech Mahindra reskilled over half of its workforce

Aims at 50% future revenue share from digital business

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Byju’s has a new competitor in India — Udemy

It also has a B2B solution called Udemy for Business, which offers subscription access to over 3,000 business-relevant courses.

Education News

Jet Airways crisis: Airline grounds 7 more aircraft, cancels additional flights

In a stock exchange filing on Saturday, Jet said it grounded an additional seven aircraft taking the total number to 54 out of its 119-strong fleet.

Industry News

Govt crosses budget target for disinvestment, courtesy ETFs

On Friday, it mopped up Rs 10k cr from CPSE ETF and Rs 14.5k cr via PFC-REC deal.

Economy News

PFC plans to pay govt Rs 14,500 crore for stake in REC

In Icra’s opinion, the proposed acquisition by PFC is likely to impact its capitalisation profile adversely.

Industry News

GVK buys 10% stake in Mumbai Airport for Rs 924 crore, raises stake to 74%

The AAI, which holds 26% stake in MIAL,will be the only other JV partner after acquiring stake from Bidvest and ACSA by GVK arm in the Mumbai airport company.

Industry News

Essar to start shale activity in Raniganj by drilling 20 pilot wells

Exploration of shale gas and development of CBM blocks have a potential to produce 8.5 million metric standard cubic metre per day (mmscmd) of gas from five-six CBM blocks in India.

Industry News

Going global! Royal Enfield to set up first overseas plant in Thailand

Thailand was one of the first markets in Southeast Asia for Royal Enfield’s new Interceptor 650 and Continental GT 650 Twins, based on an all-new parallel twin engine platform.

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Explained: India’s exports and challenges ahead

Trade deficit is expected to rise as exports could slow further owing to weak global demand.

Opinion News

India’s forex reserves up by $3.6 billion to $405.6 billion

The increase in foreign reserves could partly be attributed to rising investments by foreign investors in the Indian capital markets.

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NSE arm acquires global cybersecurity firm Aujas

Aujas, founded in 2008, provides information security consulting and IT risk management services with operations in India, the West Asia and North America.

Industry News

Here’s what govt plans to fight rubber shortage

Project Saamrath targets to up-skill 10 lakh people involved in rubber sector by 2020.

Industry News
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