Business

WPI inflation spikes to 3.18% in March on costlier food, fuel

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The Wholesale Price Index (WPI) based inflation was at 2.93 percent in February. It was 2.74 percent in March 2018.   New Delhi: Wholesale price-based inflation rose for the second consecutive month to 3.18 percent in March on costlier food and fuel, government data released Monday showed. The Wholesale Price Index (WPI) based inflation was at 2.93 percent in February. ...

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Flying out from Bengaluru airport to get costlier by massive 120 per cent after hike in user fee

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The nation’s third busiest airport after New Delhi and Mumbai, plans to use the additional fee to fund its expansion.   Bengaluru: Flying out from the Bengaluru airport will be costlier by a massive 120 per cent from Tuesday following the airport tariff regulator Aera allowing it to revise upwards the user development fee (UDF) for four months. The nation’s third ...

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Exports grow 11% in March, 9% in FY19

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Merchandise exports in March stood at USD 32.55 billion as against USD 29.32 billion in the same month last year.   New Delhi: India’s exports rose to a five-month high of 11 percent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at USD 331 billion for FY 2018-19, official data ...

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Maruti ALTO K10 gets additional safety features, prices hiked

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As part of these additional Safety features, ALTO K10 is now equipped with ABS with EBD, Driver Airbag, Reverse Parking Sensor, Speed Alert System, Driver and Co-Driver Seat belt Reminder.   New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) Thursday said its Alto K10 has been upgraded with additional safety features, thereby leading to increase in price of ...

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Walmart responds to Bezos with tweet asking Amazon to pay taxes

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Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged retailers to hike their minimum wages to $16 an hour, prompting a comeback from Walmart Inc which asked its rivals to pay taxes.   Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged retailers to hike their minimum wages to $16 an hour, prompting a comeback from Walmart Inc which asked ...

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Suresh Prabhu directs Aviation Ministry to review issues with Jet Airways after it grounds flights

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As of Thursday noon, the airline operated just 14 planes — way down from 123 planes in operations at the peak.   NEW DELHI: Union Minister Suresh Prabhu Friday directed the Civil Aviation Ministry to review issues related to the debt-ridden airline Jet Airways, which has been operating with just 14 flights, and take required steps to minimise passenger inconvenience. ...

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Irdai asks insurers to share status of claims with policyholders from July 1

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Irdai also asked insurers — life, health and general — to send all communication about issuance and servicing of policies through letter, e-mail, SMS or any other electronic form approved by it.   New Delhi: Insurance companies will have to inform about claim settlement status to policyholders at various stages of processing from July, Irdai said Wednesday. Insurers need to ...

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Sensex, Nifty end marginally higher as Lok Sabha polls begin

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Meanwhile, foreign institutional investors (FIIs) purchased equity worth a net Rs 1,429.92 crore on Wednesday, while domestic institutional investors (DIIs) sold shares to the tune of Rs 461.29 crore, provisional data available with stock exchanges showed.   Mumbai: Benchmark equity indices ended marginally higher after choppy trade Thursday as voting began in the first phase of the Lok Sabha elections. ...

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Jaitley discusses India’s economic reforms with investors in US

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Jaitley is visiting the US to attend the IMF-World Bank meeting in Washington from April 12 to 14.   New York: Finance Minister Arun Jaitley has discussed India’s economic reforms and outlook for the future as he addressed investors here. India’s Consulate General in New York tweeted Wednesday that since his arrival in the city, Jaitley “held a series of ...

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