India’s economy set to reclaim top spot for growth this year, shows Reuters poll

India’s economy set to reclaim top spot for growth this year, shows Reuters poll

India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters poll showed. Having been in...
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Brace up to pay more as air prices to go up during Independence Day weekend

Brace up to pay more as air prices to go up during Independence Day weekend

Air fares are expected to rise sharply in the week leading to August 15. Fares are expected to remain at elevated levels even after the long weekend as a slowdown in the pace of capacity addition gives airlines enough pricing...
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Ahead of privatisation, loss-making Air India could offer buyouts to employees

Ahead of privatisation, loss-making Air India could offer buyouts to employees

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, a senior company official said, one of the largest such offers in India’s state sector, as the airline slashes costs...
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Rs 8 lakh cr NPAs may face bankruptcy proceedings by Mar 2019: Report

Rs 8 lakh cr NPAs may face bankruptcy proceedings by Mar 2019: Report

Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs 8 lakh crore by March 2019, a move that could bring down the NPAs and improve the financial health of...
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Amazon invests Rs 130 cr in payments arm in India

Amazon invests Rs 130 cr in payments arm in India

Amazon has pumped in Rs 130 crore into its payments entity, Amazon Pay India, as it looks to expand its operations in the country and compete head-on with the likes of Flipkart’s PhonePe and Alibaba-backed Paytm. Amazon Corporate Holdings and...
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RIIL’s Q1 net profit down by 39%

RIIL’s Q1 net profit down by 39%

Reliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a decline of 39.1 per cent in its net profit for the first quarter (Q1) of 2017-18. The company’s net profit stood at Rs 1.84 crore for the quarter ended June 30,...
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