In an all-cash deal, State Bank of India (SBI) is all set to buy four premium flats in Mumbai's posh Peddar Road area from the loss-making Air India (AI) for Rs 90 crore.

A legal team of Air India is preparing a draft sale agreement which will then be given to the counterparts from the SBI, the country’s largest lender. The Centre recently gave go-ahead to state-owned Air India to sell the flats to SBI for about Rs 90 crore as part the airline's asset monetisation plan.

IndiGo plans to launch a New Delhi-Doha flight this year. The Qatari capital is expected to be IndiGo's sixth overseas destination and its third in Gulf after Dubai and Muscat.

The airline has secured slots at Doha, but a launch date has not been finalised yet.

Saudi Arabia executed 47 people on Saturday for terrorism it said, an apparent message to both Sunni Muslim jihadists and Shi'ite anti-government protesters that the conservative Islamic kingdom will brook no violent dissent.

The deaths come amid a growing war of words between Saudi Arabia and the militant group Islamic State, which called for attacks in the kingdom. But it may also raise tensions with Iran over the execution of prominent Shi'ite cleric Nimr al-Nimr.

Hinduja Group flagship firm Ashok Leyland today reported a 31.4% increase in total sales at 12,209 units in December 2015.

The company had sold 9,290 units in the same month last year.

TVS Motor Company today reported a 4% increase in total sales at 2,02,086 units in December.

The Chennai-based company had sold 1,94,481 in the same month last year.

Mumbai: Bombay Stock Exchange Ltd on Friday today launched a web-based portal for registrars and share transfer agents (RTAs) to enable depositories as well as file disclosures.

The move follows the Securities and Exchange Board of India’s (Sebi) decision to initiate a system involving stock exchanges, depositories and RTAs for generating system-based disclosures required under takeover regulations and insider trading norms.

After requesting the finance ministry to “handhold” it to meet a likely 45% surge in the Indian Railways’ staff bill in FY17 from the 7th Pay Commission, the railway ministry is now firming up a consolidated proposal for a Rs 1.1-lakh-crore non-lapsable National Railway Safety Fund (NRSF), with up to 60% of the resources expected to come from the exchequer.

The proposed fund — Rashtriya Rail Sanraksha Kosh — is in sync with the Zero Accident Mission that the transporter has embarked on, a senior official told FE.

Hyundai Motor India Ltd (HMIL) has registered a 28.8% increase in domestic sales last month at 41,861 units. Domestic sales grew by around 29%, whereas, exports fell by 17% to 22,274 units. Total sales went up by 8% to 64,135 units during the month.

"With strong performance of Grand i10, Elite i20 and CRETA in December, Hyundai domestic volume grew by 28.8% with 41,861 units," said Senior VP-Sales and Marketing, HMIL, Rakesh Srivastava.

Stock exchanges will be allowed to go for listing from April this year. On the first day of the year, the Securities and Exchange Board of India (Sebi) issued the final circular in which it steered clear of any dilution the “fit and proper”.

However, shareholders would be allowed to issue a self certification of their ‘fit’ status.

State Bank of India, the country’s largest lender, isn’t likely to cut its key lending rate till at least end-March, chairman Arundhati Bhattacharya told reporters after opening a digital (‘sbiINTOUCH’) branch in south Mumbai.

She was responding to queries on further room for transmission of the Reserve Bank of India’s policy rate cuts. On Tuesday, HDFC Bank had reduced its base rate (BR) by five basis points, to 9.3 per cent.

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.