NEW DELHI: The government will push ahead with the stake sale in Air India and hopes to wrap up the transaction by June, according to government sources.

The Union Cabinet gave an in-principle approval for Air India's strategic disinvestment in June last year and a panel of ministers headed by FM Arun Jaitley is now devising the strategy for executing the sale.

New Delhi: The Supreme Court on Monday agreed to revisit its 2013 ruling criminalizing consensual sex between same sex adults, clearing the way for a fresh round of debate on a controversial colonial-era law governing homosexuality in India.

This follows the apex court’s August judgement which held privacy to be a fundamental right, extending its scope to the sexual orientation of a person as an essential attribute.

A cyclone that hit eastern Madagascar over the weekend killed at least 29 people and injured three others while two people were reported missing, authorities said on Monday.

Tropical Cyclone Ava passed through Madagascar on Friday and Saturday, hitting mostly the eastern coast of the island with wind speeds of between 140-190 kph (87-119 mph).

We assume Ashok Leyland at Hold with price target of Rs 130. We expect 10-15% growth in M&HCV industry over FY18-20e, but this is priced, in our view. A pause in market share gain and high volatility in monthly/quarterly growth figures are potential headwinds. Growth in LCVs, exports and defence is likely to accelerate but is unlikely to be material enough. Early introduction of fleet modernisation policy is a key upside risk not factored into our estimates.

Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track. CoinMarketCap shows real-time prices and market capitalizations for more than 1,300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges, where virtual currencies trade at a wide premium, sowed confusion and triggered a broad selloff.

NEW DELHI: Air India is going to increase the frequency of its nonstops to the US and Australia, apart from linking Los Angeles directly to Delhi by this summer. It also plans to tackle the frequent failure of the back-of-seat in-flight entertainment systems in premium classes of longhauls by giving personal electronic devices, like tablets, with content for the duration of the flight.

Coal India has raised prices of thermal coal by an average 9%. The decision was taken at a board meeting held on Monday while revised prices would be effective from Tuesday.

It will make power generation costlier by a similar percentage. Cost of cement and fertiliser production is also expected to rise as a result.

LAS VEGAS: Hyundai unveiled Monday a hydrogen fuel-cell powered vehicle aimed at showcasing its newest technologies, bucking the all-electric trend of most rival automakers.

The South Korean manufacturer used the 201 Consumer Electronics Show to debut its Nexo, a sport utility vehicle that uses voice commands, artificial intelligence and can be transformed into an autonomous car.

The Ghaziabad police have registered a first information report against Punjab National Bank's Modi Nagar branch for allegedly depositing fake currency notes during the note ban. Police have registered a case on the basis of a complaint filed by the Reserve Bank of India, Kanpur.

According to the police, after Prime Minister Narendra Modi had announced that the Rs 500 and Rs 1,000 notes will be withdrawn from the financial system in 2016.

The City and Industrial Development Corporation (Cidco) and the GVK group have set 2021-end as a deadline for the commercial launch of the Navi Mumbai airport.

The two parties signed the concession agreement for the Navi Mumbai airport on Monday. The GVK group won the bid to construct the airport last February but the award letter was issued only in October.

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