Hindon, Utter Pradesh: The Indian Air Force is now planning to induct women into the fighter aircraft stream, IAF chief Arup Raha said on Thursday.

“We have women pilots flying transport aircraft and helicopters. We are now planning to induct them into the fighter stream to meet the aspirations of young women in India,” Air Chief Marshal Raha said in Hindon as IAF celebrated its 83rd anniversary.

In an effort to tap the festive season, Maruti Suzuki India (MSIL) on Thursday rolled out limited edition of Alto K10 ‘Urbano’, which will be available at an extra price of Rs 16990 over the existing variants.

The Alto K10 Urbano sports 18 new features and is available on the LX, LXi, VXi and VXi (O) trim levels, including CNG.

Anil Ambani’s Reliance Communications and Sistema Shyam Teleservices, majority-owned by Russia’s Sistema JSFC, which entered into talks in June for a possible merger of their operations in the country through a stock swap, are likely to wrap the deal in a month’s time or so.

Though CNBC TV18 reported on Thursday morning that the due diligence is over and the board will meet next month, the two sides denied any such development.

NEW DELHI: Shares of Reliance Industries (RIL) slipped over 2 per cent in afternoon trade to slip below their crucial level of Rs 900 on Thursday, after draft prospectus from DeGolyer and MacNaughton (D&M) indicated that there was extraction of gas by RIL from ONGC's KG block.

At 02:00 PM, the stock had recouped some of the intraday losses, but was still trading 1.9 per cent lower at Rs 895.30. It hit a low of Rs 892.25, and a high of Rs 915 in trade during the day.

Apollo Hospitals Group will raise up to Rs 1,000 crore through a rights issue and private equity investment to expand its hospital network and specialty clinics across the country. The group plans to complete fund-raising in the next few months.

The group runs 55 hospitals under a listed entity and has a network of clinics, which are managed through a wholly-owned subsidiary. “We plan to raise up to Rs 500 crore through a rights issue for expansion of hospitals and another about Rs 500 crore from private equity investors for the clinics,” said Sangita Reddy, joint managing director of Apollo Hospitals Group.

In a fresh setback to the government’s neighbourhood-first policy, Sri Lanka has asked India to change—for the second time—the location of a stalled $500 million power project to be built by state-owned NTPC Ltd.

The long-delayed 500 megawatt (MW) power project is part of India’s strategy to wield greater economic and strategic influence in South Asia by helping to develop infrastructure projects.

Mumbai, Oct. 6: After its larger rival the State Bank, ICICI Bank has also raised its spreads on home loan rates and not passed on the entire benefit of base rate cuts to new borrowers.

In case of both women and salaried borrowers for floating rates, ICICI raised its spreads or mark-up over base rate paid by a borrower by 0.10 per cent. The bank had cut its base rate by 0.35 per cent to 9.35 per cent.

Mumbai: Axis Bank has tied up with Snapdeal to provide pre-approved, collateral-free loans to sellers on the online marketplace. The loans, ranging from Rs2 lakh to Rs1 crore, will be disbursed till 31 October.

“The loan offers are especially designed to enable sellers who are mostly SMEs (small and medium enterprises) to scale up inventory and meet the huge surge in demand in the run-up to Diwali,” Axis Bank said in a statement.

Mumbai: The top rupee forecaster sees the currency maintaining its position as Asia’s best performer after India allowed foreigners greater access to its debt.

“India remains one of the fastest-growing economies in the region,” said Roy Teo, Singapore-based senior foreign-exchange strategist at ABN Amro Bank NV, which had the most-accurate estimates in Bloomberg’s quarterly rankings. “The rupee has the potential to outperform other regional currencies this year on the back of higher inflows.”

New Delhi: The government has turned down the Indian Air Force’s (IAF’s) request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making.

Prime Minister Narendra Modi’s decision, in line with his Make-in-India policy to encourage domestic industry, is a blow for not only the French manufacturer but also others circling over the Indian military aviation market worth billions of dollars.

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