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  • SpiceJet's Ajay Singh buys NDTV, says report. Has he or hasn't he?

    22 September, 2017 7:03 AM 15

    A report in the Indian Express said that SpiceJet owner and co-founder Ajay Singh will hold around 40 per cent stake in NDTV. Is this true? The morning started with a report in the Indian Express with a headline that said, "SpiceJet's Ajay Singh set to take control of NDTV". Citing sources, the report said that chairman and managing director of SpiceJet

  • Narendra Modi in Varanasi Live Updates: PM to flag off Mahamana Express train

    22 September, 2017 5:57 AM 34

    Narendra Modi in Varanasi Live Updates: Prime Minister Narendra Modi will visit his Lok Sabha constituency today. The prime minister will be in Varanasi on September 22 and 23. During his stay, the Prime Minister will launch a number of projects. These projects include infrastructure, railways, financial inclusion and sanitation. Apart from attending

  • NDTV up 5% as SpiceJet’s Ajay Singh picks up majority stake

    22 September, 2017 5:47 AM 18

    NEW DELHI: Share of New Delhi Television (NDTV) hit upper circuit of Rs 53.10 on Friday after a media report said that founder and owner of SpiceJet Ajay Singh has picked up majority stake in the news channel. The media report further added that Ajay Singh will hold around 40 per cent stake in NDTV while promoters Prannoy Roy and Radhika Roy will hold around

  • DLF's valuations look expensive; stock to underperform, target Rs 163: BofAML

    22 September, 2017 5:01 AM 22

    There is likely potential risk of 6 percent equity issuance in DLF while the valuations look expensive for 3 percent FY19 return on equity, BofAML said in its report. Real Estate major DLF gets an underperform rating from global research house Bank Of America Merrill Lynch (BofAML) with a target price of Rs 163. It expects sales of DLF to remain weak over FY17-20 as it plans

  • Boeing sees growth in demand for airplanes in Southeast Asia

    22 September, 2017 4:10 AM 20

    Boeing Co said it sees demand for new airplanes worth $650 billion in Southeast Asia over the next two decades. The world's biggest plane maker projected a demand for 4,210 new airplanes in the region over the next 20 years, adding it saw annual traffic growth in Southeast Asia at 6.2 percent. Single-aisle airplanes, like the 737 MAX, would account for more than 70 percent

  • Modi government's planned booster dose for economy puts policymakers in two minds

    21 September, 2017 8:20 PM 25

    NEW DELHI: India is considering a package of stimulus measures to boost exports, encourage domestic investment, support small and medium enterprises and provide more money for rural infrastructure and affordable housing but policymakers are not keen on relaxing fiscal deficit targets to accommodate this extra spending. Concessional credit to small and medium

  • ‘13.76 lakh GST returns filed for Aug.’

    21 September, 2017 5:29 PM 18

    More than 13.76 lakh taxpayers filed their returns for August on the Goods and Services Tax portal, according to the GST Network. The last date for filing was September 20. A total of 46.4 lakh taxpayers filed their GSTR-3B forms for July, representing about 78% of all taxpayers registered on the GST Portal and eligible to file GSTR-3B, the GSTN added

  • Appellate tribunal grants waiver to Mistry

    21 September, 2017 4:36 PM 19

    ‘Stake criteria’ helps move NCLT again The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed Cyrus Mistry’s petition against Tata Sons on grounds of maintainability, but granted a waiver with respect to a criteria related to shareholding that allows the former chairman of Tata Sons to move the National Company Law Tribunal (NCLT)

  • ITI bags ₹7,000-crore defence deal

    21 September, 2017 4:25 PM 19

    Public sector firm ITI Ltd. on Thursday won a ₹7,000-crore deal from the defence ministry to deploy and maintain phase four of the Army’s modern communication network across India. “Valued at over ₹7,000 crore, we are very excited to take up ASCON phase IV. The project will provide telecom solution and infrastructure with a warranty period of two years

  • Centre plans to loosen fiscal deficit target for spending ₹50,000 cr. more

    21 September, 2017 12:23 PM 21

    It is aimed at reviving economic growth, say two govt. sources. The Union government plans to loosen the fiscal deficit target so that it could spend an additional $7.7 billion (₹50,000 crore) in the financial year ending March 2018, two government sources said on Thursday. Both the officials declined to be named, as the plan, aimed at reviving economic