Air India and Air India Express, its budget carrier have begun restricting the hand baggage weight for passengers coming from Dubai, Sharjah and Abu Dhabi as many of the passengers break prescribed weight norms with their duty-free shopping, reports an English daily.

Free allowance for hand bagage are strictly limited to 8 kg for Air India and 7 kg for Air India Express, inclusive of duty-free items. However many a times passengers carry at least double the free allowance weight without being noticed. Baggage with weight over 7-8 kg will be charged a fee of 60 Dirhams (Rs 1,035) per excess kilo and taken from the passenger at the boarding gate.

Shares of Kotak Mahindra Bank were trading higher by 2% at Rs 1,458 on the NSE early this morning after the Foreign Investment Promotion Board (FIPB) on Friday cleared the bank’s proposal to raise foreign investment limit in the lender to 55%. The CNX Nifty was down 0.78% at 8,419 points.

Kotak Mahindra Bank had approached FIPB after the Reserve Bank of India barred overseas investments in it as foreign shareholding hit the permissible threshold following the merger with ING Vysya Bank. Investments from foreign institutional investors (FIIs), foreign portfolio investors (FPIs) and foreign banks had reached 48.55% in the merged entity.

Mukesh Ambani, the richest Indian and Reliance Industries (RIL) chairman and MD, has not taken a pay hike for seven years, but his pay package is over 205 times that of the median employee remuneration at RIL. This ratio stands at 439 times in case of ITC Executive Chairman Y C Deveshar.

The ratio stands much lower at 89 times in case of information technology (IT) major Wipro Chairman and Managing Director Azim Premji, and at 19 times for HDFC Chairman Deepak Parekh for 2014-15.

In its bid to crack the big vehicle segment, Maruti Suzuki India (MSI), known for its small cars, is establishing a new set-up of retail outlets under the Nexa brand to sell premium products, starting with the upcoming S-Cross model.

The company, which has set a target of selling two million units annually by 2020 with around 25 models, expects the Nexa network to contribute a significant amount to sales and will open 100 dealerships under it in 30 cities by the end of this financial year. Its dealerships have hired 700 people from other sectors like hospitality, aviation and financial services, to offer a differentiated luxury car buying experience for its “discerning customers”.

Tata Motors, the fifth largest car manufacturer in the domestic market, is set to add half of the planned new 1,000-plus outlets over the next four years in tier-III and tier-IV towns. According to the president of passenger vehicle business unit, Mayank Pareek, its rural markets will grow faster than urban ones in the future. "It has a potential to contribute 30-40 per cent of total passenger vehicle sales," he said.

At present, the rural market brings 15 per cent of sales for the domestic operations. Market leader Maruti Suzuki sells a third of its vehicles in the rural market.

Beijing: China unveiled a plan to use the Internet to rejuvenate traditional industries and boost flagging economic growth, the State Council said in a statement Saturday.

“Internet Plus,” as the plan is called, will help the manufacturing sector optimize and better serve clients through technologies such as cloud computing and artificial intelligence, according to the statement. Other areas that may benefit include agriculture, energy production and distribution, finance, medical care, logistics, e-commerce, transportation and environmental protection, it said.

Lanco Infratech, an Indian electricity producer, is considering selling part of its generation business to cut debt amid four straight years of losses.

The company expects to raise Rs 4,000 crore ($630 million) in two to three years by either taking the unit public or roping in a strategic partner, said T Adi Babu, chief operating officer, finance. Lanco will also sell its Australian coal mine and its toll-road business in India when it gets an acceptable price, he said.

The bodies of all the 19 people who died when four coaches of an army train fell into a canal while crossing a bridge in Pakistan’s Gujranwala district have been recovered, a media report said.

Pakistan Railway teams pulled out three coaches from the water. The train’s locomotive, however, could not be retrieved.

A plane powered by the sun’s rays has landed in Hawaii after a record-breaking five-day journey across the Pacific Ocean from Japan.

Pilot Andre Borschberg and his single-seat solar aircraft arrived on Friday at Kalaeloa, a small airport outside Honolulu after taking off from Nagoya about 120 hours ago.

NEW DELHI: Google India Vice President and Managing Director Rajan Anandan has expressed faith that India may well be home to the next Google, Facebook and Twitter. Talking about the Digital India and in particular Prime Minister Narendra Modi's wish for the next big technology idea to be born in India, Anandan told ET Now, "We completely agree that India should not just be the home for the next Google, but also the next Facebook and Twitter."

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