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Economy / Rediff

Why Jet Air may miss the flight path, once again

If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.

28 Oct 2020 11:35 am
Uday Shankar, the Star performer

Uday Shankar's biggest contribution was that he managed to take years of resentment about Star's foreign origins and turn that around. Most people now think of Star as an Indian company, says Vanita Kohli-Khandekar of his stint at Star india.

28 Oct 2020 11:33 am
Vivad Se Vishwas scheme: Payment deadline extended

The government on Tuesday extended for the third time the deadline for making payment under the direct tax dispute settlement scheme 'Vivad Se Vishwas' by three months to March 31, 2021. As per a Central Board of Direct Taxes (CBDT) notification, declaration under the Vivad se Vishwas Scheme shall be required to be furnished latest by December 31, 2020. However, only in respect of the said declarations made, the payment without additional amount can now be made up to March 31, 2021.

27 Oct 2020 11:58 pm
Covid to erode 3 years of fiscal gains of states: RBI

The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the state governments in the past three years, an RBI report said on Tuesday. In its study of the state budgets of 2020-21, the RBI report which has dwelled on the theme 'COVID-19 and its Spatial Dimensions in India', said that Gross Fiscal Deficit (GFD) of the states would spiral during the current fiscal.

27 Oct 2020 11:05 pm
Is Indian economy in recovery mode?

Indicating a faster-than-expected recovery, remittances from migrant labourers and the number of first-time EPFO registrations have crossed the pre-lockdown levels in September, according to a report. Another silver lining is the massive 60 per cent increase in the number of Jan Dhan accounts to over 41 crore and the balances in them, which also indicate the fall in crimes during the lockdown months, SBI Research said in a report on Tuesday. After a significant reduction in remittances due to th

27 Oct 2020 10:39 pm
All's not lost for India's Harley-Davidson enthusiasts

The country's largest two wheeler maker Hero MotoCorp and Harley-Davidson on Tuesday announced a wide ranging partnership for the Indian market, days after the US cult bike manufacturer announced its exit from the country. As part of the deal, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name in the country. Besides, it will take care of service and parts requirements for the Harley bikes.

27 Oct 2020 8:51 pm
GDP growth maybe in negative zone, or near zero: FM

Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.

27 Oct 2020 6:55 pm
Bangladesh may overtake India this year

Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon, T N Ninan points out.

27 Oct 2020 5:40 pm
Navratri: Car sales zoom, 2-wheelers trudge along

Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.

27 Oct 2020 4:10 pm
Implement waiver of interest, RBI tells lending cos

The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020.

27 Oct 2020 12:34 pm
Planning to buy Apple iPhone 12 in India? Think again

A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India.

27 Oct 2020 12:29 pm
How India is taking on shady Chinese lending apps

A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.

27 Oct 2020 11:24 am
UK court rejects Nirav Modi's latest bail attempt

The 49-year-old jeweller, fighting extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, has made around six previous attempts at bail at the magistrates' court as well as at the high court level.

26 Oct 2020 8:08 pm
Sensex plunges 540 points; RIL tanks 4%

Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M and M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.

26 Oct 2020 4:41 pm
Aditya Puri refused to lend to Mallya and Nirav Modi

Leaving behind the luxe life and dapper suits of foreign banks, Puri and his team at the upstart venture shared fizz drinks, wore a footwear brand popular among the middle class, shared a rat-infested space in a yet-to-be gentrified work space to plan and execute it.

26 Oct 2020 11:37 am
Mandavia to focus on regional airline post Jet flyaway

The pilot-turned-airline owner and his partner Biraja Jena plan to launch FlyBig, which has secured 16 routes under the fourth phase of UDAN, the government's regional connectivity programme.

26 Oct 2020 11:17 am
Retailers defy pandemic woes to add new stores

Real estate experts say rentals have corrected by 5-10 per cent across formats, including office, retail and housing, with a pick-up expected over the next few quarters as the economy recovers.

26 Oct 2020 10:31 am