Business

Air India owes about Rs 4,300 crore in dues to the three OMCs — Indian Oil Corp, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd.

Mumbai-based H-Energy signed an agreement to buy LNG from Novatek's Arctic projects as well as looked at investing in LNG project of the Russian firm, its CEO Darshan Hiranandani told.

The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to close at 36,562.91. Led by the sharp drop in the equity market, the market capitalisation of BSE-listed companies tanked Rs 2,55,585.56 crore to Rs 1,38,42,866.10 crore.

When asked about the current economic slowdown in the country, Kumar said that the BJP-led government is aware of the situation and taking steps to correct it.

Other regular tabs like e-proceeding, e-nivaran, compliance, worklist and profile setting were taken off from the 'lite version' but retained in the standard version of e-filing facility.

In-store prices are often higher than similar products available online, But some consumers wonder how products online always show a discounted rate and whether there is more than meets the eye in this sales strategy?

The protest will be held under the aegis of the Joint Platform of Banking Unions, which includes nine federations and representation from all public sector banks in the country.

FM Nirmala Sitharaman said that the merger of these state-owned banks would make it the fifth-largest bank of the country with a business of Rs 14.59 lakh crore.

Malhotra will also investigate the circumstances under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, alleging harassment by the income tax department.

The broader NSE Nifty rose 0.42% to 10,992.55 as of 0409 GMT, while the benchmark BSE Sensex inched 0.42% higher to 37,220.12. Both the indexes were poised tO finish the week higher.

Last year, the government had decided to implement a revival plan for the airline, comprising a comprehensive financial package and sale of non-core real estate assets.

If the latest number for expansion of gross domestic product is 5.7% or less, the quarter had the slowest expansion in 21 quarters, since 5.3% in January-March 2014.

The task force has also proposed introducing a new top tax bracket of 35% for the super-rich, that is those earning above Rs 2 crore in a year.

The panel was constituted by the central bank in consultation with the government to review the extant ECF of the RBI. The panel submitted its report to Governor Shaktikanta Das on August 14.

Commenting on the measures announced by FM Nirmala Sitharaman last week, William Foster, Vice President, Sovereign Risk Group, Moody's Investors Service said GDP growth rate will pick up next fiscal year to 6.8 per cent.

Both the key indicies ended with losses for the week. The Sensex shed 649.17 points or 1.74 percent, while the Nifty lost 218.45 points or 1.98 percent during the week ended August 23.