Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
They want FSI to be in line with export benefits for the sale of residential properties to NRIs and foreigners.
World's largest ice cream chain Baskin Robbins is planning to enter tier II and tier III cities as part of its expansion.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
The newly-appointed chairman of State Bank of India (SBI) Dinesh Khara on Wednesday said maintaining quality loan book, safety of employees and customers will remain his top most priorities. Khara, who took charge on Wednesday, said the bank will continue to strive for even better customer experience.
Solar-powered phones, triple SIMs - tech-savvy citizens in rural India want it all, and are receiving it, too, from domestic brands.
The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
United States-based quick service restaurant chain Domino's Pizza on Thursday said share of India in its global revenue would increase substantially in the near future and that the country would become one of its top five revenue garners within three years.
No major relief for airlines from the Budget.
IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.
Interim pension regulator PFRDA will launch from December this year its savings scheme, which aims to give greater returns on the deposits, and can be withdrawn fully.
Effects of the new schemes launched under the Pradhan Mantri Awas Yojana would be felt more in tier-II and tier-III cities, as not many budget or affordable housing projects are in the works in metropolitan cities.
US car maker Ford on Tuesday said it will phase out its hatchback 'Fusion' from the Indian market, as it gets ready to launch the small car 'Figo' next month.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
The current slump in the automobile sector has delivered a hard knock to component makers -- classified as small and tiny enterprises -- as about 600 manufacturing units in Jamshedpur have shut down operations, while more than 2,000 other units spread across the country are on the verge of closure.
Videocon, Philips and Godrej are reworking strategy to grow their small appliance business. Last year, their focus was on high-end products. This shift to the low-end segment, they believe, will help them maintain their sales growth from Tier-II & Tier-III cities, while simultaneously helping them penetrate into rural areas. Home appliances account for over Rs 50 billion of the Rs 320 billion consumer durable business and is growing at a rate of 10-12 per cent.
AirAsia India, which started operations on June 12 2014, had a market share of 6.2 per cent of the domestic traffic in April.
Cotton County, ready-to-wear apparel brand unveils it's Spring Summer' 07 Collection of men's casual wear, semi-formals and attitude wear.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
Mandaviya said this is the second phase of the Emergency Response and Health System Preparedness Package as the Central government had given Rs 15,000 crore earlier for setting up Covid-dedicated hospitals and health centres across the country.
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Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
The Audi mobile showroom will tour 30 cities over the next two years.
The cities for which the CTTP is being framed are Mysore, Mangalore, Belgaum, Hubli- Dharwad, Bellary and Gulbarga, which are administered by municipal corporations. The plans are being drafted on the directions of the Directorate for Urban Land Transport. According to a recent study, urbanisation is going on at a fast pace. The urban population has risen 30 per cent.
The Pension Fund and Regulatory Development Authority has unveiled a savings account scheme under the New Pension Scheme which would allow investors to enter and exit at will. The account, called Tier-II, will be available only to those who have subscribed to Tier-I, which an investor cannot exit till the age of 60. Tier-I, a pension account, was launched in May but has not found too many subscribers in the absence of tax benefits at the time of withdrawal.
The US department of commerce's first Aerospace Supplier Development Trade Mission to India is currently on a five-day trip to the country. The mission has 11 aerospace companies, many of which are suppliers to Tier-I and Tier-II aerospace companies in US and different parts of the world.
The bank, however, plans to raise around Rs 500-600 crore (Rs 5 to 6 billion) to augment its tier-II capital in the domestic market. Union Bank of India, which had planned a rights issue to bolster its capital base, had deferred its plans even before the US financial meltdown started.
A new kind of pension-cum-savings scheme is on the anvil, which would provide a safety net as well as liquidity to the holder.
The performance of the Mumbai-based public sector bank may continue to lag behind its peers longer than expected due to the deterioration in its credit cycle, the agency said. Even though IDBI's non-performing asset ratios improved significantly after bad loans worth Rs 9,000 crore (Rs 90 billion) were transferred to a trust in FY04, the current economic slowdown could impact the bank's corporate loan portfolio.
Following a successful year in the country, global luxury car maker BMW plans to expand its dealer network in India. While the German giant is considering metros and mini metros in the first round of expansion, it would also target tier-II cities with high consumer spending, Peter Kronschnabl, president, BMW India, said on Wednesday.
Among 30 lead sectors that provided maximum jobs to young aspirants between Jan-March 2008, financial services outpaced the IT sector in Tier II and Tier III cities, an Assocham study said. For Jan- March quarter, the financial services was the second highest job offering sector, providing maximum employment opportunities of 26.35 per cent during the said period. The study covered 60 cities comprising Tier I, Tier II and Tier III cities.
There are jobs for MBA graduates, particularly in sales, FMCG, telecom and consulting areas. The jobs, according to industry experts, are unfolding in new areas and domains in Tier-II and-III cities and in rural areas. Treating the first job as an extension of the college would be the best approach with the job situation in today's market. Good academics, soft skills, computer skills and learning on the job would be the primary requirements for candidates to find a job.
Two years in the tennis wilderness has not been all bad for Ana Ivanovic, the former world number one says it has helped her get over her fear of failure. The 22-year-old Ivanovic has won just one Tier II tournament since her breakthrough Grand Slam victory at the French Open in 2008, falling to number 58 in the world, but she showed promising signs by reaching the last four at the Italian Open this week.
Gurgaon-based MDLR Airlines is planning to make Kolkata the hub for its North East operations, as it plans to fly to eight new destinations within this year.
India's mid-cap software companies may shed as much as 10 per cent of their workforce as revenues and margins have shrunk owing to a global slowdown, analysts say.
The former world No 1's second round victory set up a quarter-final meeting with Russia's Anastasia Rodionova at the Bangalore Open.
The Bangalore Open has received another boost with Serbian world number four Jelena Jankovic confirming her participation in the tennis tournament to be held in Bangalore from March 3-9.
Indbank Merchant Banking Services (Indbank), a subsidiary of public sector Indian Bank, opened its first 'trading cafe' for stock trading in Chennai. It plans to open another 20 such cafes and 18 new branches during 2008-09 across the country.
'It is critical that the Covid curve does not have a fat tail and the chain is broken quickly.'
