A day after announcing its ticket prices at par with AC II of Rajdhani trains, National carrier Air India today came out with another lucrative offer for its passengers allowing enhanced free check-in baggage on its jumbo 747 flights operating on the trunk Delhi-Mumbai route.

Besides, the carrier also announced heavily discounted fares, starting at Rs 15,000 for travel in first class of its Queen of the Skies (Boeing 747) flights to the two cities till January 15, a release said.

Capital markets regulator Sebi is planning to ease entry barriers for domestic institutional investors like insurers and pension funds to encourage robust inflows into the Reits and Investment Trusts (InvITs) markets.

“Sebi is sitting down with the Irdai and the PFRDA to evolve a set of guidelines to ensure that insurers and pension funds do not face much of entry barriers into the Reits and InvITs. This is what we are working on now,” Sebi whole-time member G Mahalingam said on Friday.

NEW DELHI: The first BCCI meeting to pick an Indian cricket team in the post-MS Dhoni captaincy era was an eventful one, to say the least, and much before the five selectors sat down to pick the limited-overs squad for the upcoming ODI and T20I series with England.

An email from the BCCI on Thursday had confirmed the timing of the meeting inside the corridors of the board headquarters at the Wankhede Stadium as 12:30pm, but it did not underway until after 3pm owing to confusion within the BCCI over protocol following the Supreme Court's order from earlier this week which ruled ineligible the BCCI's office-bearers from holding their posts.

Bengaluru: It’s time chief executive officer and managing director Natarajan Chandrasekaran sheds the invented-here approach at Tata Consultancy Services Ltd (TCS), India’s largest software services company.

For the first time since TCS went public in 2004, its annual growth will be less than or at best on par with Accenture Plc., which is double the size of the Mumbai-based company.

New Delhi: The Telecom Regulatory Authority of India (Trai) is likely to move the Supreme Court through a special leave petition, challenging the Madras high court’s status quo order on draft tariff regulations for the broadcast sector that restrained it from issuing any further guidelines.

Following a petition filed by television broadcaster Star India Pvt. Ltd and its subsidiary, Vijay Television Pvt. Ltd, on the grounds that the draft tariff regulations issued by Trai stand in conflict with the Copyright Act, 1957, the Madras high court in December asked the regulator not to pass any guidelines on tariff issues in the broadcast sector.

New Delhi: Market regulator Sebi has prohibited Life Care Infratech and its six directors from selling various movable and immovable properties as part of its efforts to recover nearly Rs5 crore of dues.

After finding that the company and its directors illegally raised funds from the public, the watchdog had last year asked them to refund over Rs4.89 crore to investors, which they have failed to do.

The market made a solid opening today as the benchmark Sensex gained over 103 points taking support from domestic investors, extending its yesterday’s rally on the back of a firm Asian trend.

Moreover, an appreciating rupee brought more cheer.

There have been speculations for long about Mercedes-Benz developing a new E-Class (codename W213) with long wheelbase version for market popular with chauffeur driven cars. At the Auto China 2016 motor show, the German carmaker introduced the E-Class L, a long wheelbase version of the fifth-generation luxury sedan. As per a report by Autocar India, the E-Class L (codename V213) will be introduced in India by March 2017.

State-owned lenders Bank of Baroda and United Bank of India on Thursday reduced their marginal cost of funds-based lending rates (MCLRs). While BoB reduced it by 55-75 basis points across tenures, United Bank cut the rate by up to 90 basis points across tenures.

BoB’s one-year MCLR now stands at 8.35%, 70 bps lower than earlier. The overnight, one-month, three-month and six-month MCLRs have also been revised to 8.10%, 8.15%, 8.20%, 8.30%, respectively.

State-owned Coal India Ltd , the world’s largest coal miner, is expected to raise its production to 660 million tonnes in 2017/18 fiscal year, the coal secretary said on Friday.

The miner is expected to achieve its 2016/17 production target of 575 million tonnes and aims to raise output to 1 billion tonnes by 2020, Susheel Kumar told television news channel CNBC-TV18 in an interview.

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