Air India has dubbed travel agents its "principal customers" and wants them to shoulder the task of the goods and service tax-related invoicing of corporate customers.

The move will reduce the workload of the airline. But agents may have to hire more staff to complete the formalities.

Under the GST, economy-class air travel and business-class travel is charged at 5 per cent and 12 per cent, respectively. Companies purchasing tickets for staff travel can claim an input credit on tax payment.

The government is contemplating giving armed personnel special mobile phones, which are likely to be designed by an Indian company.

The idea is to keep data and communication devices used by the defence forces secure. The plan was in the preliminary stages and the government would deliberate on it further after internal discussions and talks with other stakeholders, including manufacturers, said officials. The specifications for the mobile phone will also be discussed later.

The Reserve Bank of India is likely to issue Rs 200 denomination currency notes by the beginning of September.

The Central government has specified the introduction of bank notes of denomination Rs 200, reported ANI.

"There is no other denomination available between Rs 100 and Rs 500 and RBI is expecting Rs 200 notes to become very popular and that's why it is taking every step to ensure availability of it," reported Economic Times quoting sources.

The Telecom Regulatory Authority of India (Trai) on Monday initiated the process for the next spectrum auction by floating a consultation paper on the same, in which the regulator will deliberate, among other issues, on the timing for the auction, whether there should be a cap on bidding for airwaves in the 5G-capable 3300-3400 MHz and 3400-3600 Mhz bands, as well as on the reserve price for various bands. In April, the department of telecom (DoT) requested Trai to give its recommendations on the applicable reserve price, quantum of spectrum to be auctioned and associated conditions for auction of spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz as well as the 3300-3400 MHz and 3400-3600 MHz bands, which will go under the hammer for the first time.

Sensex and Nifty were losing more than a per cent in Tuesday's afternoon trade as the equity markets reeled under weak global cues caused by a missile launch by North Korea.

At 1.47 pm, the 30-share BSE Sensex was down 346.71 points at 31,404.11 while the broader 50-share NSE Nifty was at 9.801.05, down by 111.75 points. All the sectoral indices on Nifty were in the red.

Ford and Domino’s are teaming up on a research trial that will see Ford cars equipped with self-driving tech delivering pizzas to regular consumers, as a way of figuring out how everyday people will react to, and interact with, autonomous service vehicles in the future.

Ford Fusion Hybrid Autonomous Cars will be used in the test, outfitted with pizza containers created by Domino’s partner Roush Enterprises designed to keep the pizzas warm en route, and to unlock when a customer types in their unique delivery code. The vehicles will be available to randomly selected Domino’s customers who order pizza in the Ann Arbor area, with the ability on the customer end to opt in to receiving a delivery via AV when they’re selected.

Air India’s interim chief Rajiv Bansal has started review of various departments and subsidiaries of the airline, according to officials. Bansal, who took over the reins of the loss-making national carrier on August 24, is meeting senior executives from various departments to understand the overall functioning and issues that need to be addressed on a priority basis, they said. He has been appointed for three months as Chairman and Managing Director of the disinvestment-bound airline. His priority areas include on-time performance of flights and customer satisfaction.

The Indian Space Research Organisation (ISRO) is all set to launch a new navigation satellite on August 31. IRNSS-1H will replace IRNSS-1A which failed due to deficiencies in three atomic clocks that are crucial in providing positional information to users on earth, as per the report by The Indian Express. ISRO stated that IRNSS-1H will be launched on board ISRO’s PSLV-C39 rocket. The new satellite will expand the existing seven satellites of NavIC constellation.

MUMBAI: Over 8000 customers of state-run lender Bank of Baroda found their current and savings account erroneously debited with NEFT and RTGS transaction charges after the process of upgrading the bank’s core banking software led to technical glitches in the NEFT, RTGS and outward clearing-related transactions.

“Approximately 8300 accounts were also impacted on August 19, 2017 on account of erroneous debit of service charges that were not due from the customers,” the bank said in a statement on its website dated August 22. “These charges have since been reversed and impacted customers have been duly informed via SMS on August 20, 2017.”

NEW DELHI: Automakers are in an overdrive mode to woo government employees, trying to boost sales in a segment where the potential customer just got more money on hand with a pay-out of salary arrears.

Government employees including armed forces personnel have always been a key customer segment for automakers. But they have become far more important at a time when the companies fear the recent move to increase the cess on large cars to destroy a pickup seen in demand. The salary hike under the Seventh Pay Commission recommendations and the payment of arrears would, industry executives hope, cushion the impact.

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