Air India is offering tickets at Rs 100 (excluding fuel surcharge, taxes and fees) for five days beginning Wednesday, to celebrate its merger anniversary with Indian Airlines.

Tickets will be sold only through the Air India website from August 27-31, for travel during August 27-September 30.

The Supreme Court on Wednesday directed DLF, the country’s largest real estate player, to deposit Rs 630 crore in the registry within three months. The court rejected the company’s request for a stay on the Competition Commission of India’s (CCI’s) order in a case related to abuse of market dominance. The penalty is a little less than the company’s annual net profit of Rs 646.21 crore in 2013-14. The final court order is yet to come.

Following a petition by flat buyer associations of two DLF projects in Gurgaon — DLF Park Palace and The Belaire — CCI had in 2011 found DLF abusing its dominant position.

There are dozens of hackathons in Silicon Valley every month, but on Monday Facebook hosted one with a twist. Rather than the college-aged brogrammers that usually dominate the coding marathons, female veterans were the only participants at the first Women Vets in Tech event.

About 30 female veterans participated in the hackathon, pitching a variety of ideas from Bohdi therapies, an app to provide therapy to vets suffering from anxiety, to Puppyness, a crowd-sourced app that would tell dog owners which restaurants and stores in their area are dog friendly.”

Mumbai: The 30-share bellwether BSE Sensex traded higher on Wednesday morning, ahead of the expiry of derivatives. The government is expected to release data on GDP growth on 29 August.

At 9.22am, the Sensex was trading up 0.52%, or 138.65 points, at 26,581.46 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.38%, or 29.95 points, at 7,934.70 points.

New Delhi: Salaried employees will get an interest rate of 8.75% on their provident fund savings in 2014-15, the same as their retirement corpus earned in the previous fiscal year, the Employees Provident Fund Organisation (EPFO) announced on Tuesday.

Though the retirement fund manager had proposed to cut the interest rate to 8.7%, employees representatives in the Central Board of Trustees (CBT) declined to accept anything less than 8.8%, or five basis points more than last year. A basis point is one-hundredth of a percentage point.

Kotak Mahindra Bank falls 1.4 percent.

Macquarie downgrades the stock to "neutral" from "outperform." Brokerage cites Kotak Mahindra's "massive outperformance"

State Bank of India (SBI), the country's largest lender, on Tuesday cut its home loan rates by 5-15 basis points to a uniform rate of 10.15%, making its loans the cheapest in the market for all new home loan customers.

Irrespective of the quantum, women customers will get home loans at 10.10%. General customers can avail loans at 10.15% irrespective of the loan amount.

Tata Motors and Mahindra & Mahindra (M&M) on Tuesday said that they would challenge the Competition Commission of India's (CCI) order that imposed huge penalty on auto companies on Tuesday.

Mahindra & Mahindra (M&M) – the largest utility vehicle maker issued a statement on Bombay Stock Exchange (BSE) saying, "The company aggrieved by this order proposes to appeal against it before the appropriate forum."

Aditya Puri, MD, HDFC Bank, feels things have been improving for better over the past few months on the back of upbeat stock market sentiment, existing projects getting unclogged and clear policies been set out. He expects interest rates to soften by the end of this year and sees 7% growth in the medium-to-long term.

HDFC Bank is now considered as a top-most valued brand. Did you expect this and secondly how are you feeling now after getting this award?

Air India is offering tickets at Rs 100 (excluding fuel surcharge, taxes and fees) for five days beginning Wednesday to celebrate the merger of Air India with Indian Airlines.

Tickets will be sold only through Air India website from August 27-31 and for travel during August 27-September 30.

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