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There was no pressure from Adani Group to sell Mumbai airport: GVK's Reddy

There was no pressure from Adani Group to sell Mumbai airport: GVK's Reddy

GVK Group Vice Chairman Sanjay Reddy on Tuesday said there was absolutely no pressure from the Adani Group or anyone else to sell the Mumbai airport.

His comments come on a day when Congress leader Rahul Gandhi alleged in Lok Sabha that "Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India".

100 airports to be developed by 2024 under UDAN infra scheme: V K Singh

100 airports to be developed by 2024 under UDAN infra scheme: V K Singh

The Union Government has planned to develop 100 airports by 2024 under the Regional Connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) infrastructure scheme, Minister of State, Civil Aviation, V K Singh said in a written reply to a question in Rajya Sabha on Monday.

"Upgradation and modernization of airports is a continuous process and is undertaken by Airports Authority of India (AAI) and other airport operators from time to time depending on the availability of land, commercial viability, socio-economic considerations, traffic demand/ willingness of airlines to operate to/from such airports," the minister said.

Syria calls for international aid after deadly earthquakes kills 900

Syria calls for international aid after deadly earthquakes kills 900

The Syrian Foreign Ministry has called for international help after powerful earthquakes hit the country and killed nearly 900 people in Syria.

In a statement, the ministry urged the United Nations, the International Committee of the Red Cross and other humanitarian organisations to support the Syrian government in its rescue efforts following the deadly earthquakes, Xinhua news agency reported.

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

Air India will borrow Rs 18,000 crore from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance its existing debt over the short term, a report in the Economic Times (ET) said. The borrowing will be in the form of one-year loans and the Tata Group-owned airlines may go for longer loans later.

Tatas decided to continue with the existing borrowing arrangement for another year, though they will eventually make a long-term debt strategy.

Novatek in talks with Indian firms on LNG, may consider payment in rupees

Novatek in talks with Indian firms on LNG, may consider payment in rupees

Novatek, Russia's largest liquefied natural gas producer, has been in talks with Indian companies including GAIL on the supply of LNG and may consider taking payments in rupees, the company's head Leonid Mikhelson said on Monday.

He also said consumers in Europe, which have imposed sanctions on Russia over its actions in Ukraine, were interested in Russian LNG, which has not been placed under restrictions, and that no buyers under long-term contracts wanted to terminate them.

Adani Group still eligible for CEMBI, JACI, JESG indices: JP Morgan

Adani Group still eligible for CEMBI, JACI, JESG indices: JP Morgan

India's Adani Group, which has in recent weeks suffered a brutal share selloff following the release of a U.S. short-seller report, remains eligible for the CEMBI, JACI and JESG indices, said JP Morgan in a note on Monday.

"Per current index rules, Adani Group companies remain eligible for inclusion in CEMBI, JACI and JESG indices," JP Morgan said in the note.

Tackling misinformation is core to our policies: Instagram policy head

Tackling misinformation is core to our policies: Instagram policy head

With the largest base of fact checkers in India, tackling misinformation is core to the policies for all Meta platforms, said the head of policy of Instagram.

In India 11 independent fact checkers work with Meta on content in 15 languages in India.

“Our platforms have zero tolerance to Child Sexual Abuse, bullying and harassment, hate speech, voter interference, etc.

As Adani Group plans to prepay share pledges, its US dollar bonds rally

As Adani Group plans to prepay share pledges, its US dollar bonds rally

Adani Group dollar bonds rallied on Friday as Gautam Adani was said to be in talks with creditors to prepay some loans in a bid to restore confidence in his business empire.

The notes also pared losses from earlier in the week as Goldman Sachs Group and JPMorgan told some clients that Adani bonds can offer value due to the strength of certain assets.

Sebi proposes measures to curb mis-selling in alternate investment funds

Sebi proposes measures to curb mis-selling in alternate investment funds

The Securities and Exchange Board of India (Sebi) has proposed measures to curb mis-selling in Alternate Investment Funds (AIFs) including mandatory offering of direct plans and introduction of trail model for distribution commission.

The regulator has said that in certain cases the quantum of upfront commissions for AIF distribution fees has gone up to around 4-5 per cent of committed amount.

Jharkhand gets Rs 5,271 cr from Budget for rail infrastructure augmentation

Jharkhand gets Rs 5,271 cr from Budget for rail infrastructure augmentation

Railway minister Ashwini Vaishnaw on Friday said that Jharkhand has been allocated a whopping Rs 5,271 crore from the Union Budget to augment the railway infrastructure of the state.

Addressing the media through video conferencing, the minister said the annual average budget outlay for Jharkhand was around 11 times higher than what the state used to get between 2009 and 2014.

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