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Air India to induct Boeing 787-8 Dreamliner in fleet tomorrow

Air India to induct Boeing 787-8 Dreamliner in fleet tomorrow

State-owned Air India has taken the delivery of its last Boeing 787-8 Dreamliner, which will be inducted in its fleet tomorrow.

The new plane was delivered to Air India in the presence of its chairman and managing director Rajiv Bansal at the Seattle facility of the US aircraft maker Boeing Co, an airline source said.

SEBI files contempt plea against Sahara for obstructing auction of Aamby Valley

SEBI files contempt plea against Sahara for obstructing auction of Aamby Valley

Securities and Exchange Board of India (SEBI), the country's market regulator, filed a contempt petition against Sahara's Subrato Roy and other senior executives for allegedly obstructing the auction of its prized Aamby Valley.

Representing SEBI, advocate Pratap Venugopal, mentioned the matter before a bench led by the Chief Justice of India Dipak Misra and submitted that the approximately Rs 37,000 crore project "had adopted subterfuge methods to avoid auction of the property."

NASA probe spots possible source of sand on Mars

NASA probe spots possible source of sand on Mars

NASA's Mars Reconnaisance Orbiter (MRO) has beamed back an image showing one possible place where sand grains are being produced on the red planet today.

The region exhibits dark material that is being eroded from dark layers in the bedrock of a semicircular depression near the boundary of the Southern highlands and the Northern lowlands, NASA researchers said.

Indian Railways to invest about Rs 2,000-cr for expansion

Indian Railways to invest about Rs 2,000-cr for expansion

Railway Minister Piyush Goyal today said Indian Railways will be making an investment of around Rs 2,000 crore, in the next couple of years, for expansion of its various manufacturing units across the country.

The capacity of the Rae Bareli coach factory alone is expected to be increased five times to 5,000 coaches per year, the minister said at a CII event in New Delhi. However, he did not divulge the timeline for the same.

TCS trades firm ahead of Q2 results

TCS trades firm ahead of Q2 results

Tata Consultancy Services (TCS) was trading 2% higher at Rs 2,510 on the BSE in an otherwise subdued market ahead of July-September quarter (Q2FY18) results on Thursday, October 12, 2017.

Since July 13, 2017, post April-June (Q1FY18) results, the stock was marginally up by 0.63% against 0.35% decline in the benchmark S&P BSE Sensex till Tuesday.

Coal India signs wage pact with unions

Coal India signs wage pact with unions

Calcutta, Oct. 10: Coal India has signed a five-year wage agreement with its workers' unions, which will have an estimated impact of Rs 5,667 crore annually on the public sector miner.

The "Memorandum of Agreement for National Coal Wage Agreement-X has been signed on October 10 for a period of five years from July 1, 2016 to June 30, 2021", Coal India said in a filing to the BSE today.

Supreme Court says sexual relations between man and minor wife is rape

Supreme Court says sexual relations between man and minor wife is rape

New Delhi: In a landmark ruling, the Supreme Court on Wednesday criminalised sexual relations between a man and his minor wife under the offence of rape. This move will go a long way in discouraging the prevalent practice of child marriage in India.

In a concurring judgment, passed by justices Madan B. Lokur and Deepak Gupta, the court read down the provision of the Indian Penal Code (IPC) which exempted marital rape in case of minors. The earlier age of 15 years has now been modified to 18 years for claiming exemption under the amended rape provisions.

Wow! Idea, Airtel offer 1 GB data per day, unlimited calling for 84 days in this new plan

Wow! Idea, Airtel offer 1 GB data per day, unlimited calling for 84 days in this new plan

There was a time when Diwali was about buying new clothes, jewellery, home appliances etc. Various offline and online market places tried to lure the customers by offering some unbelievable deals and discounts. This year the trend has changed. Diwali is no more about buying new clothes or eating good food, this year it’s about getting the best mobile plan as well. From Idea, Airtel, Jio and others, virtually all the heavyweights are providing attractive offers and unlimited calling at throwaway prices.

Not just Nano, every Tata car is making losses says Tata Sons Chairman N Chandrasekaran

Not just Nano, every Tata car is making losses says Tata Sons Chairman N Chandrasekaran

Tata Motors' recent increase in domestic sales and the success of cars like Tata Tiago and Tata Tigor has indeed helped Tata Motors to come back on postive growth trajectory but is still away from being a profit making entity for Tata Sons. The company is losing money on every passenger vehilcle that's being manufactured. In an interview to Economic Times, N Chandrasekaran, Chairman, Tata Sons accepted that every single car in the company is losing money and its not just Tata Nano.

GMR Hyderabad International Airport to start $300 mn-$350 mn bond issue roadshows

GMR Hyderabad International Airport to start $300 mn-$350 mn bond issue roadshows

GMR Hyderabad International Airport (GHIAL) will commence roadshows for its $300-350 million dollar bond issue beginning Wednesday in New York, London, Hong Kong and Singapore, sources aware of the matter have confirmed with FE.

“It will be a 144A issue and the tenure of the bond is likely to be 10 years. The issue will be a high yield,” a banker aware of the deal said. A 144A issue is a deal in which US investors can also take part.

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