Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level. The governor’s statement came at a time when the rupee breached the 90-mark against the US dollar, and is hovering…
Mumbai: Stock market benchmark indices Sensex and Nifty rallied in morning trade on Friday after the RBI cut interest rates by 25 basis points in a bid to further bolster economic growth. After volatility in early trade, the 30-share BSE Sensex later bounced back, advancing 318.71 points to 85,584.03. The 50-share NSE Nifty also climbed…
New Delhi: India’s largest airline, IndiGo’s operations crumbled as pilot-rostering issues continued to force large-scale flight cancellations — over 400 on Friday — and many passengers have been stranded for as long as three days at airports. Airports witnessed chaotic scenes as some IndiGo flights faced delays of more than 12 hours, many passengers staged…
New Delhi: The Department of Telecommunications has proposed one-way spectrum sharing among telecom operators that will enable service providers to monetise and optimally deploy unused radio waves, according to a draft notification. Earlier, operators were allowed to use spectrum in the same frequency band on a shared basis after approval from the government. As per…
New Delhi/Mumbai: IndiGo on Thursday told aviation watchdog DGCA that operations are expected to be fully stabilised by February 10, 2026, and sought temporary relaxations in flight duty norms on a day when the country’s largest airline cancelled more than 550 flights, disrupting the travel plans of hundreds of passengers. Acknowledging that the flight disruptions…
Mumbai: RBI Governor Sanjay Malhotra will announce the bi-monthly monetary policy on Friday amid mixed expectations of a 25 basis points rate cut as well as the possibility of the central bank opting for status quo. Reserve Bank’s rate-setting panel — Monetary Policy Committee (MPC) — started its three-day deliberation on the next set of…
New Delhi: The national database of the informal sector workforce, e-Shram portal, has 31.38 crore registered unorganised workers, Parliament was informed on Thursday. The Ministry of Labour and Employment launched the e-Shram portal (eshram.gov.in) on 26th August 2021 for the creation of a comprehensive National Database of Unorganised Workers (NDUW) seeded with Aadhaar. The e-Shram…
New Delhi: Union Minister Nitin Gadkari on Thursday said the current system of toll collection will come to an end within a year, replaced by an electronic system that will ensure a seamless experience for motorists on highways. The new system has been rolled out in 10 places and will be extended across the country…
Mumbai: Pilots’ body Federation of Indian Pilots (FIP) has alleged that IndiGo, despite getting a two-year preparatory window before the full implementation of new flight duty and rest period norms for cockpit crew, “inexplicably” adopted a “hiring freeze.” FIP said it has urged the safety regulator, DGCA, not to approve airlines’ seasonal flight schedules unless…
New Delhi: Fitch Ratings on Thursday raised India’s GDP growth forecast for the current fiscal to 7.4 per cent, from 6.9 per cent, on increased consumer spending and improved sentiment boosted by GST reforms. It said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to…
