It has been lowered to 'IND BBB+' from 'IND A-', besides placing the rating on 'Rating Watch Negative' (RWN).
State Bank of India, the country's largest bank, has breached the Reserve Bank of India's credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries.
Toyota Motor Corporation is recalling 1.43 million vehicles globally for defective air bags
Queen Elizabeth II, who died aged 96 at her Balmoral Castle summer residence in Scotland on September 8, will be laid to rest at a state funeral at Westminster Abbey on September 19.
We salute the Mi-8 today on the occasion of the 32nd anniversary of Operation Cactus. Through its glorious service career, the Mi-8 left an indelible mark on the future by providing the IAF with a lineage of professional helicopter aircrew, says Air Commodore Nitin Sathe (retd).
Air India is planning to introduce a new seating segment 'premium economy' on its domestic all-economy flights from the middle of this month at the cost of almost the lowest business class fare on a route.
For both India and China, the most likely option -- and the most challenging -- appears to be a freezing of the status quo.
Xi said the entire military should devote all its energy to carry out all its work for combat readiness, enhance its capability to fight and win, and effectively fulfill its missions and tasks
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
China remains a "formidable challenge" that has increased its presence not only along India's land borders but also in the maritime domain, Navy Chief Admiral R Hari Kumar said on Tuesday and asserted that the naval force keeps a regular watch in the Indian Ocean Region.
Students enrolled to Silicon Valley University, California, are in a state of panic after some of them were barred by Air India to board its flight.
Buoyant over the prospects of getting a financial package of around Rs 4,300 crore (Rs 43 billion) from the new government, Air India, in return, aims to save Rs 1,000 crore (Rs 10 billion) a year besides enhancing its market share substantially in the coming years, a top source said.
Certain clarifications by the GST Council, such as tax rates on ice cream parlours and royalty paid to state governments over mineral rights, may turn out to be contentious and lead to litigation, feel some experts. The council, at its meeting in Lucknow on Friday, had clarified that ice cream parlours will attract goods and services tax (GST). The clarification said these parlours sell already manufactured ice cream and such supply would draw 18 per cent tax.
IndiGo carried 12.05 lakh passengers last month, followed by Jet Airways-JetLite combined flying 11.01 lakh.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
Their close contacts have also been put under quarantine. Comprehensive contact tracing has been initiated for co-travellers, family contacts and others. Genome sequencing on other specimens is going on, the ministry said.
The navy said that so far the 270,000 metric tonnes of crude oil it was carrying had not been affected by the fire.
'Drone warfare has come to stay.' 'India should exploit the expected Reaper acquisition from the US to build an effective counter terror campaign,' argues Group Captain Murli Menon (retd).
Air India on Tuesday enhanced the ambit of discount on tickets to paramilitary personnel by extending the benefit to their family members.
The Vijay Mallya-owned carrier would become the first airline from the subcontinent to join any of the global airline groups, the two others being 'Star Alliance' and 'SkyTeam', spokespersons of the airline and the alliance said.
World No 1 Elavenil Valarivan was on Sunday included in a 15-member Indian shooting contingent for the Tokyo Olympics at the expense of quota winner Chinki Yadav, who had claimed a gold in the Delhi World Cup last month.
'It is time India thought big not only about its global clout politically and diplomatically, but also act its size against pin-pricking by anti national elements,' says Group Captain Murli Menon (retd).
After the August 10 deadline, South American conglomerate Synergy Group Corp reportedly evinced interest in the airline, forcing the RP to seek lenders' nod to extend the deadline to August 31. The Synergy Group owns a majority in Colombian carrier Avianca Holdings, which has a codeshare partnership with the state-run Air India.
Besides engine-wash of the flag-carrier's aircraft, the facility, to be set up at the Mumbai International airport, would undertake work from third parties, the company said.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
India to become 3rd largest aviation market by 2026.
Tapan Kumar Deka, the "crisis man" who was put in charge of the counter-assaults during the 26/11 Mumbai attack, was on Friday appointed director of the Intelligence Bureau (IB) while the tenure of Samant Goel, who has been heading the Research and Analysis Wing (R&AW), has been extended by one more year.
This season, the nature of the advertising game has changed dramatically with TV and digital rights going to different entities.
The only fuel that showed growth was LPG as the government dole of free cooking gas cylinders to poor households fired up consumption by 21 per cent during April 1 to 15.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
Air travel is going to be dearer as major airlines have decided to raise the fares by at least 10 per cent besides increasing the fuel surcharge. The move by Air India, Jet Airways, Spicejet and Kingfisher comes in view of rise in prices of aviation turbine fuel by over nine per cent in line with the increase in international crude oil rates.
Asked whether the IAF can play a role in smashing terrorist training camps across the Line of Control in Jammu and Kashmir, he did not rule out such a possibility.
President Ram Nath Kovind on Thursday attended the Victory Day Parade as the 'Guest of Honour' in Dhaka as Bangladesh marked 50 years of victory in the Liberation War against Pakistan by showcasing its military might which included spectacular aerobatics and display of defence acquisitions.
The marathon fourth round of Lt Gen-level talks also focussed on steps for pulling back large number of troops and weapons from rear bases along the Line of Actual Control in eastern Ladakh.
The sources said the situation in eastern Ladakh remained 'tense' and that around 30-40 soldiers of China's People's Liberation Army (PLA) are holding up at a position close to an Indian post in the Rezang-La ridgeline in eastern Ladakh.
Here's your guide to know about India's much-awaited aircraft.
Setting in motion the process for the 16th presidential election, the Election Commission on Thursday said anyone desiring to contest would need 50 electors as proposers and 50 others as seconders -- a move aimed at weeding out non-serious candidates in these polls that once saw nominations getting rejected for 36 out of 37 candidates.
On January 2, 2016, a team of gunmen wearing Indian army fatigues waded through a branch of the Ravi river on the India-Pakistan Punjab border. Arriving on the Indian side, the men hijacked vehicles and drove towards the sprawling Pathankot Air Force base.
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