Air India's operational profit rose to Rs 215 crore and net losses narrowed to Rs 3,643 crore in 2016-17, according to the government.

To revive the loss-making national carrier, the government is working on the modalities for its strategic disinvestment while Ernst & Young LLP has been appointed as the transaction advisor.

Pakistan army chief General Qamar Javed Bajwa has urged the country’s lawmakers to improve relations with India and has assured that the military would back the civilian government‘s initiative for normalisation of relations with New Delhi.

His statement came at a rare briefing to Pakistan's Senate on security situation and regional issues on December 19.

Anil Ambani-led Reliance Infrastructure on Thursday announced the sale of its Mumbai distribution business for a deal value Rs 13,251 crore to Adani Transmission.

In October, the company confirmed that it has entered into exclusive talks with Adani Transmission for the sale of the distribution business and the agreement was valid up to mid-January next year.

Mumbai: The Indian rupee on Wednesday closed marginally higher against the US dollar.

The home currency ended at 64.06 a dollar, up 0.09% from its Wednesday’s close of 64.12. The rupee opened at 64 a dollar and touched a high and a low of 64 and 64.13 respectively.

NASA has picked two concepts for a solar system mission planned to launch in the mid-2020s -- a comet sample return mission and a drone-like rotorcraft that would explore potential landing sites on Saturn's largest moon, Titan.

Which of these two mission will finally make it will be known only in 2019.

Microsoft has released a new preview build for Windows Insiders, to test the features it may roll out with the next Creators update, which is expected to launch sometime next year.

The preview build will only be available to users who have signed up for the Fast Ring of the Windows Insiders program. Fast Ring is the first phase of beta testing. If there are no issues with this version of the preview build, it will be released to Insiders on the Slow Ring which is the second level of beta testing.

New Delhi: Finance minister Arun Jaitley on Thursday said the Congress should not treat the 2G verdict as a “badge of honour”.

The party’s “zero loss theory” was proved to be wrong when the apex court squashed spectrum allocation in 2012, the minister said after a special court acquitted all accused in the 2008 2G spectrum allocation scam, including Dravida Munnetra Kazhagam (DMK) leaders A. Raja and Kanimozhi.

Divestment-bound national carrier Air India has sent a batch of 17 senior A320 pilots — who are trained for critical low-visibility operations — for Boeing command course in the midst of the foggy season, a move that has raised questions. The decision has led to a severe shortage of senior pilots who are trained for low-visibility operations and they are required to be deployed on the northern routes during the winter season. According to an airline source privy to the development, the move raises questions as these pilots are critical to winter operations in the North.

Sebi chairman Ajay Tyagi on Wednesday said bitcoins has not posed any systemic risk so far, however, the cryptocurrency cannot be ignored and a government panel is looking into it. “There has to be a process or law, only then can you take action,” Tyagi told reporters on the sidelines of a Confederation of Indian Industry conference in Mumbai. Tyagi said there should not be any regulatory oversights on blockchain technology, saying this is a useful technology and should be encouraged. Blockchain technology is used to deal with bitcoins and other crypto currencies.

Since several uncertainties, especially on the fiscal and external fronts, persist it is important to be vigilant, RBI governor Urjit Patel said at the meeting of the monetary policy committee (MPC). He added that the recent upturn in crude oil prices has emerged as a cause of concern. “Hence, I vote for status quo in the policy rate, while maintaining the stance as neutral; this allows us the flexibility to respond appropriately to incoming data,” Patel said, according to the minutes of the MPC, which voted 5-1 to keep the policy rates unchanged at 6%. Patel said that inflation expectations of households 0for both three-month ahead and one-year ahead periods in the latest round of the central bank’s survey moved up.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.