Declaring that his working hours were over, an Air India pilot abandoned the plane on the runway at Jaipur airport on Wednesday night, leaving 48 passengers stranded

Flight 9I 644 was meant to fly from Lucknow to Delhi, going via Jaipur. It was supposed to arrive at Jaipur airport at 9 pm, but it was delayed and arrived only at about 1:30 am. Due to the smog at the capital and other technical issues at Delhi airport, it couldn't take off till 2 am.

The odd-even car rationing scheme will be rolled out in Delhi for five days from Monday as part of a graded response plan to tackle the alarming pollution situation in the city, the state government announced on Thursday.

The scheme would be in place from 8 am to 8 pm and there would be exemptions for women drivers and two-wheelers, Delhi Transport Minister Kailash Gahlot said.

State Bank of India Chairman Rajnish Kumar on Thursday said there was limited room for further easing the lending rate. It seems so, he said in reply to a question if the rate cut cycle is over for now. “If you look at the bond yields, they have gone up in the recent past. So, I think the headroom available for cutting down interest rates, both deposit and lending (seems limited). Unless you cut the deposit rate, you cannot cut the lending rate. For the time being, we are in for a much more stable interest rate,” he said.

Last week, the country’s largest lender reduced its lending rate for home and auto loans by 0.05 percentage points. To a question if recapitalisation in public sector banks (PSBs) by the government could lead to increase in interest rate, he said, “quite possible.”

Reliance Industries Ltd said on Thursday that the company has proposed to offer non-convertible debentures worth Rs 2,500 crore on a private placement basis. “Pursuant to the authority given by the shareholders of the company at the Annual General Meeting held on 21 July 2017, it is proposed to make an offer for the issuance of non-convertible debentures (NCDs Series E) (5th Tranche) on private placement basis on Tuesday, 14 November 2017 aggregating Rs 2,500 crore, to be listed on the stock exchanges,” RIL said in an exchange filing.

Shares of two Larsen & Toubro (L&T) Group companies – Larsen & Toubro Infotech (LTI) and L&T Technology Services (LTTS) – hit their respective 52-week highs on the BSE in an otherwise subdued market.

LTI is a global technology consulting and digital solutions company, while LTTS focuses on engineering and R&D (ER&D) services.

State Bank of India (SBI) will open more branches in Nepal and consider options to re-enter Vietnam under a three-year goal to grow its international operations to as much as 15 percent of total business, a senior executive said.

India's top lender, with assets of more than $500 billion, was catapulted into the league of the top 50 global banks this year after it merged five subsidiary banks with itself.

Homegrown auto major Tata Motors today reported a threefold jump in consolidated profit at Rs 2,502 crore in the quarter to September from Rs 848 crore in same quarter last fiscal.

Consolidated revenue grew 10.34 per cent to Rs 70,156 crore as against Rs 63,577 crore a year ago, Tata Motors said in a release.

State-run power producer NTPC Ltd has altered its original plan of taking over stressed power plants in the private sector and now plans to offer fee-based management services, a top official of the company has said.

"For the stressed power plants that are still under implementation, NTPC intends to assist the banks in completing construction of these projects, achieve commercial operations and maintain generation, NTPC Director, Finance, K Biswal said.

Indian stock markets opened higher on Thursday following the record closing in US markets on Wednesday along with the optimism on the outcome of GST council meeting starting today and ongoing Q2 earnings season. Among the biggies, Tata Motors, Hindustan Petroleum Corporation, Aurobindo Pharma are slated to announce their second-quarter earnings today. BSE Sensex gained 157.81 to open at 33,376.62 points while NSE Nifty added about 55.5 points to start at 10,358.65 points.

NEW DELHI: Reliance Communications (RCom's) Rs 11,000-crore tower deal with Canada's Brookfield has collapsed, company director Puneet Garg said on Wednesday. The setback comes at a time when lenders to the company are trying to sell assets in a piece-meal fashion to recover their dues, nearly a month after the telco's merger deal with Aircel had fallen through.

After it entered strategic debt restructuring (SDR), RCom gave 51% equity (valued by the company at Rs 7,100 crore) to bankers in lieu of its outstanding debt of Rs 47,000 crore.

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