The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations.
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours.
Uber recorded approximately 200 per cent year-on-year growth in its pre-scheduled ride option, Uber Reserve.
On Wednesday, Surat airport remained operational for an extra one hour waiting for the landing of an Air India Express flight that took off more than an hour late from the national capital.
GMR Group-led DIAL, which manages and operates India's largest airport, recently requested the AERA to double the user development fee (UDF) for international business and first-class travellers compared to economy and premium economy over the next four years. It has also sought higher UDF for all domestic passengers flying during peak hours -- 5 am-8:55 am and 5 pm-8:55 pm.
Smartphone supplies in India grew by 6 per cent to 4.6 crore in the July-September quarter with Vivo leading the chart and iQoo clocking the highest growth rate among top 10 brands, a report by market research firm IDC said on Wednesday. The market was dominated by Chinese players, with leading brands cornering around 72 per cent market share during the quarter. "The Indian smartphone market grew for the fifth consecutive quarter.
Sources in the government said the roof that collapsed at T1 was constructed during 2008-09 and that the work was contracted out by GMR to private contractors.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
The civil aviation ministry on Friday asked airlines to ensure that there is no abnormal surge in airfares for flights to and from the national capital amid suspension of operations at Delhi airport's Terminal 1 following the roof collapse incident.
Be it Dhoom, Singham or the Munnabhai franchise, there are certain stories that have tons more to say or solid cash cow potential and Bollywood is all for it.
Rohit Sharma's triumphant team will meet Prime Minister Narendra Modi at 11 am at his residence before flying to Mumbai, where a road show and felicitation function is scheduled at the Wankhede stadium.
Anish posted 35 hits out of 40 in the final
Olympian Manu Bhaker displayed complete dominance in 10m air pistol Olympic Selection Trials (OST), shooting a superb score to overcome the challenge of Asian Games medallist Esha Singh in Bhopal on Friday.
Inability to fall asleep at night, frequent bouts of insomnia or waking up in the middle of the night are common symptoms of hyperthyroidism, warns Dr Piyush Lodha.
Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
At least 100 flights were delayed and a few were cancelled due to low visibility at the Indira Gandhi International Airport in Delhi on Friday.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
The shift to a shorter T+3 settlement cycle for initial public offerings (IPOs) will be a big test of the domestic market structure, requiring players in the ecosystem to work harder to meet the squeezed timelines, according to industry insiders. The Securities and Exchange Board of India (Sebi), has announced that the transition to the T+3 cycle will be voluntary starting next month and mandatory from December 1. The new mechanism will necessitate quicker confirmations from banks and speedy verification of permanent account numbers (PANs) for all applicants.
Ahead of the G20 summit, Delhi Lieutenant Governor V K Saxena on Thursday went on a final round of inspection of Rajghat, Pragati Maidan and other places to take stock of preparations for the mega event.
'I think pollution levels have been rising in Delhi for the past 10-12 days. We can feel it in our eyes today. The smog is dense'
It is a premium and time-saving facility for passengers travelling through T3.
The Securities and Exchange Board of India (Sebi) plans to roll out a new regulatory framework for registrar and transfer agents (RTAs) - the market intermediaries responsible for the record-keeping of bondholders and shareholders after a company offers securities to the public. The markets regulator, sources said, is considering a multifold increase in net-worth requirement, a move that may dissuade companies from having in-house RTAs for record-keeping. At present, the minimum net worth required for RTAs is Rs 50 lakh and Rs 25 lakh in categories I and II, respectively.
Sony will do well to pull its latest offering near to the Rs 20,000 mark if they want to make prospective buyers seriously consider the Xperia T3.
In recent days, there have been complaints from passengers about long queues and waiting hours at the airport.
Domestic passengers using the Indira Gandhi International Airport in Delhi will be able to use the new Terminal-3 only from October 28, a few weeks after the Commonwealth Games are over. The Games will conclude on October 14.
The country's largest airline IndiGo and Air India have asked passengers to reach Delhi airport at least 3.5 hours prior to domestic departures.
The existing capacity will be able to match passenger growth.
The Adani group will invest Rs 10,700 crore into Lucknow airport's expansion so that its annual passenger handling capacity zooms from 4 million passengers per annum (MPPA) to 39 MPPA. The airport's expansion plan received clearance from the Union environment ministry on December 15. However, the plan submitted to the ministry did not mention the deadline for the expansion.
Delhiites woke up on Thursday to a thick envelope of smog as air quality in the national capital and in adjoining regions, dipped into severe category again.
Germany's flag carrier Lufthansa Airlines has cancelled 800 flights globally due to a one-day pilots' strike, resulting in around 700 passengers being stranded in T3 terminal at Delhi's Indira Gandhi International Airport (IGIA).
The Tata-SIA airline Vistara is gearing up to station an indigenously developed robot, RADA, at its signature lounge at Delhi airport's Terminal 3. Powered by AI, the robot is programmed to scan boarding passes, provide information on the terminal, departure gates, real-time flight status and weather conditions of destination city etc. And RADA can also entertain people by playing games and multimedia content, says Sangeeta Tanwar.
'Airports must look at their maximum capacity to handle passengers.'
Delhi International Airport Ltd (DIAL), which constructed and operates Delhi airport, "over-engineered" the new Terminal-3 by building more floor space than stipulated under the master plan, says a cost audit report submitted to the Airports Economic Regulatory Authority (AERA).
With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
A labourer was killed and three rescued after a part of an under-construction tunnel collapsed on the Jammu-Srinagar national highway in the union territory's Ramban district, officials said.
The flight AI 1946 landed at the Indira Gandhi International Airport here at around 11.40 pm.
Thousands of passengers had a harrowing time at the swanky Terminal 3 of the Indira Gandhi International Airport in New Delhi on Thursday when Air India shifted its entire domestic operations to the new venue.
An improper diet that lacks adequate amounts of protein or low in certain vitamins can lead to hair thinning and excessive hair shedding.
Passengers coming from 'at-risk' countries to six major Indian airports have to compulsorily pre-book for the on-arrival RT-PCR test from December 20 onwards, the civil aviation ministry said on Tuesday.
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