A Vijaywada-bound Air India flight carrying 100 passengers and civil aviation minister Ashok Gajapathi Raju was delayed by over an hour on Wednesday at Delhi airport. The airline later suspended three AI employees and issued a warning letter to the pilot for arriving late.

“Yesterday Air India AI 459 Delhi to Vijaywada flight was delayed by around 1.30 hours with over 100 passengers including minister of civil aviation P Ashok Gajapati Raju onboard,” Air India spokesperson GP Rao told ANI.

Banks would need to set aside an additional Rs 10,000 crore as provisions for accounts in the Reserve Bank of India’s (RBI) second list that are set to be referred to the National Company Law Tribunal (NCLT). However, these provisions are likely to spread over the December and March quarters, as the central bank has allowed banks time till the end of the financial year to provide for them. Two senior public sector bankers said that all but five of the 28 accounts in the second list would likely be referred to the NCLT in the absence of any resolution or requisite buyer interest.

Microsoft has rolled out new features on its Bing search engine powered by artificial intelligence. One update announced Wednesday answers search queries by summarizing two opposing sides of contentious questions. Another measures how many reputable sources are behind a given answer.

MUMBAI: Non-banking finance company L&T Finance Holdings has extended a loan of Rs 300 crore towards three projects of realty developer Satellite Group. The funding for nearly a million sq ft of development potential has been made at around 15% with a total tenure of up to 7 years, said two persons familiar with the development.

The funds will be used for construction of the developer's 5-lakh-sq-ft low-cost housing project in Mumbai's western suburb Malad, a mid-income group project in Goregaon suburb, and a premium project in South Mumbai.

The December 31 deadline for linking Aadhaar to bank accounts has been extended ahead of Friday's hearing of the matter in the Supreme Court. The new date to link the Unique Identification number and the PAN to accounts more than six months old is March 31, 2018.

A government statement said the rule under the 2002 Prevention of Money Laundering Act, had been amended. For accounts opened after June 1, 2017, Aadhaar, Permanent Account Number or PAN and Form 60 will have to be submitted within six months of opening or by March 31, 2018 -- the later date will be the deadline. For older accounts, the deadline is March 31, 2018.

Automobile major Maruti Suzuki India will increase the prices of its entire passenger vehicle range by up to two per cent from January, due to rising input costs.

"The company will go in for an upward price revision by up to 2 per cent due to rising input costs," a company official told IANS.

The mega share buyback of India’s third-largest IT company Wipro concluded with a huge participation on Wednesday. Against buyback offer of 34.37 crore shares, about 3.4 times shares were tendered by investors in the two-week long share repurchase from 29 November to 13 December. Wipro’s latest buyback offer followed its another large share buyback of Rs 2,500 crore that was exercised in May 2016. Rs 11,000 crore share repurchase of Wipro which is also India’s third-largest was managed by JM Financial Institutional Securities.

The Telecom Regulatory Authority of India (TRAI) will reportedly come out with its much-awaited recommendations for in-flight connectivity by December-end.

"Recommendations on in-flight connectivity to come out by year end or next 15 days," TRAI Chairman R.S. Sharma told reporters in New Delhi on Wednesday on the sidelines of an event organised by Broadband India Forum.

The National Highways Authority of India (NHAI) is making all-out efforts to speed up award and construction of highways and would bid out projects for 3,500 km by December.

"NHAI has invited bids for projects of 4,900 km till November, 2017, while bids for another 3,500 km are likely to be invited by December end, taking the total to 8,400 km," the Ministry of Road Transport and Highways said in a statement.

Coal offtake by Mahanadi Coalfields (MCL), a Coal India (CIL) subsidiary, has fallen short of the target by five per cent during April-November of the current financial year. MCL is amongst the three CIL subsidiaries where coal offtake failed to meet the targeted figure.

Although CIL's overall coal despatches at the end of November grew eight per cent, MCL is the second-largest subsidiary in terms of coal production volume after South Eastern Coalfields (SECL).

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