Industries

NITI Aayog, tasked with preparing a roadmap for ailing public sector undertakings, had earlier identified 26 sick central public sector enterprises (CPSEs) for closure, of which 7 received cabinet nod.

As per the directions of RBI and Government of India, all authorised branches for government transactions would function on all days from March 25 to April 1.

InterGlobe Aviation, which operates Indigo, is the country's most valued aviation company with a wide margin at a market cap of Rs 36,652.89 crore.

The state-owned aviation firm will also offer a 20-minute helicopter ride for Rs 4,999.

The Board of Indian Oil Corp (IOC) declared second interim dividend of Rs 4.50 per share or 45 per cent of equity share capital.

The proposal on draining surplus cash through such a facility had previously been mooted by the Reserve Bank of India.

Until now, IT companies typically applied for multiples of the visas they expect to need because the system operates as a lottery.

A source said the rule would cover around eight to 10 foreign airlines. A separate government official confirmed an Associated Press report that the ban will affect 10 airports in eight countries in the Middle East and North Africa.

The combined Vodafone-Idea group would have almost 400 million customers, or 35 percent market share with an implied enterprise value of Rs 82,800 crore for Vodafone and Rs 72,200 crore for Idea.

The combined entity of Aditya Birla group's Idea Cellular and Vodafone India will have the widest network in the country and pan-India 3G/4G footprint, the companies said in a statement.

Last September, the bank had received Rs 608 crore from the central government through preferential allotment of equity shares.

Bharti Airtel is offering unlimited on-net voice and 300 MB per month for Rs 146 and unlimited off-net/on-net calls and 1 GB data per day for Rs 349.

Consolidation among U.S. drugs distributors and a federal investigation into drug pricing have also reduced the pricing power of drugsmakers.

ITC was the top gainer on the Nifty in morning deals, helping the index peek above its important crucial psychological level of 9,200.

Under Air India's eSuperSaver scheme, an online booklet can be purchased in business class or economy class, with ten eCoupons.