Business

It will connect Guwahati-Dimapur and Imphal-Dimapur-Guwahati three times a week on both routes, officials said. Nagaland Transport Minister P Paiwang Konyak flagged off the inaugural flight at Dimapur airport here on Saturday.

After opening on a positive note, the 30-share BSE Sensex witnessed a continuous slide and went on to hit a low of 40,393.46 during the day.

The five Chinese firms are looking to establish manufacturing units on 100 acres of industrial land, which will make camera, mobile screens, fingerprint scanners, flexible printed circuit and others.

RBI Governor Shaktikanta Das said transmission, which was bothering the central bank for a long time, is expected to improve with the introduction of linking loan pricing to external benchmark system, which banks have adopted now.

The Communications Minister told the Lok Sabha that the merger of BSNL and MTNL will have pan-India foot print, synergy in operations, reduction of fixed costs and overheads, among others.

The government has taken various steps, including reduction in corporate tax, she said at the India-Sweden Business Summit here.

Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed and is estimated to cost Rs 29,560 crore.

The comments come days after the SEBI banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities.

While MMTC has been tasked to import onions, cooperative Nafed will supply the key kitchen items in the domestic market.

SpiceJet has reported widening of loss to Rs 462.6 crore in the three months ended September, mainly hit by expenses related to grounding of Boeing 737 MAX planes and changes in accounting norms.

P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors.

The credit rating has been revised to BBB- from A- on long term bank facilities and to BBB- from A- in case of non-convertible debentures, the filing added.

Also, the agency will be responsible for tracking complaints' status online and conduct follow-ups, besides preparing action taken reports (ATRs) and updating the status of grievances on Sebi's online platform for complaints, SCORES.

The proposals are aimed at further de-clogging of the criminal justice system as well as improve the ease of doing business in the country, an official said.

After hitting a high of 40,542.40, the 30-share index pared some gains to trade 72.26 points, or 0.18 per cent, higher at 40,428.95, while the broader NSE Nifty rose 17.80 points, or 0.15 per cent, to 11,913.25.

NBCC has also taken the responsibility for selling Rs 1,750 crore worth unsold flats of Jaypee Infratech instead of offering them to lenders.