Government not to sell Air India, if bids are below minimum floor price: Official

  • 47 minutes ago

The central government might not sell its stake in the ongoing divestment process of the national passenger carrier Air India, if bids do not meet a minimum threshold value or floor price estimated for the airline.

Petrol inches towards Rs 100

  • 49 minutes ago

After reaching unprecedented highs in Delhi and Mumbai, petrol prices touched a record high in Chennai, at Rs 79.79 per litre on Tuesday.

SBI posts Q4 loss of Rs 7,718 cr on provisions, gross NPAs up

  • 3 hours ago

Reflecting the continued pressure on state-run banks, State Bank of India (SBI) on Tuesday posted a loss of Rs 7,718 crore for the fourth quarter ended March, mainly due to increased provisioning, the bank said in a stock exchange filing. The country's largest lender had recorded a profit after tax (PAT) of Rs 2,815 crore in the corresponding quarter of the last fiscal. SBI's fourth quarter loss more than trebled over that of the previous quarter when the bank had incurred a loss of Rs 2,416 crore.

OnePlus 6 creates record of 100 crores in 10 mins

  • 6 hours ago

Smartphone maker OnePlus on Tuesday said it made a record sale of its newly-launched OnePlus 6 worth Rs 100 crore within first 10 minutes of its preview sale on Amazon India and its own online store--oneplus.in. Highlighting the enthusiasm of users in the country, Vikas Agarwal, General Manager, OnePlus India, told IANS, "We sold last year's flagship--OnePlus 5T worth Rs 100 crore in an entire day of sale whereas this time we did the same in just 10 minutes." The mirror black colour variant of OnePlus 6 saw a higher demand as compared to midnight black version of the device. "OnePlus 6 is our best-ever smartphone and we knew that it will do well. The mirror black variant of OnePlus 6 was more in demand during the first sale," Aggarwal added.

Air travel: No cancellation fee within 24 hrs

  • 6 hours ago

Domestic air passengers will soon be able to avail of full refunds and additional compensation for flight delays/cancellations as the government on Tuesday put in the public domain a new 'passenger charter' for eliciting comments/suggestions before notifying them.

Railways spending Rs 9,000 cr on 43 northeast projects: Minister

  • 7 hours ago

The Railways is executing 43 projects at a cost of Rs 9,000 crore to extend rail connectivity in the border areas of northeast India and with other parts of the country, Minister of State for Railways Rajen Gohain said here on Tuesday.

PM Modi's plans slip on oil

  • 9 hours ago

Even though oil is now considered less of an independent driver of business cycles than before, the State Bank of India (SBI) on Monday said the recent surge in crude oil prices is likely to impact the country's imports and stretch the ongoing fiscal's current account deficit (CAD) to 2.5 per cent of GDP.

Petrol price touches new record in Chennai; up 30 paise across metros

  • 10 hours ago

After reaching unprecedented highs in Delhi and Mumbai, petrol prices touched a record high in Chennai, at Rs 79.79 per litre on Tuesday.

Trump scared of Xi

  • Yesterday

The US has put on hold its plan to impose sweeping tariffs on Chinese products as it presses forward with negotiations to reduce its trade deficit with Beijing, a top priority of President Donald Trump.

Pak, China watching as Putin-Modi take Indo-Russia ties to new level

  • Yesterday

Stating that Russia has always been a true and fast friend of India, Indian Prime Minister Narendra Modi on Monday said that his informal summit with Russian President Vladimir Putin will take bilateral ties to a new level. "I am happy that today I got the opportunity to be a guest of President Putin and that too in Sochi," Modi said after being received by Putin here for the informal summit. "Russia has always remained a true and fast friend of India," he said. "We have been regularly holding bilateral meetings but I am grateful to President Putin for inviting me for an informal summit which has taken our relationship to a new level."