Business

The domestic carrier is preparing to start overseas flights and has also placed orders for a significant number of planes.

InterGlobe’s shares fell nine per cent on Thursday after media reports that the co-founders and two largest shareholders were at odds over its expansion.

The US and China are significantly raising import duties on each others' products. In international commerce parlance, trade war means increasing import duties by trading partners.

Emirates reported a 69 per cent fall in full-year profit last week, its lowest in 10 years as soaring fuel costs and a strong dollar took a toll on earnings, while passenger growth stalled.

Alembic Pharma has signed a joint venture with SPH SINE Pharmaceutical Laboratories Co Ltd and Adia (Shanghai) Pharmaceuticals Co Ltd to promote and sell pharmaceutical products for the Chinese market.

RBI had cut interest rate by 25 basis points each in February and April to boost economic growth.

Ness Wadia was arrested in early March at New Chitose Airport in the northern Japanese island of Hokkaido after the customs officials found 25g of cannabis resin in his trouser pocket.

Airtel's revenue for March quarter was up 6.2 per cent year-on-year to Rs 20,602.2 crore, as per a regulatory filing by the firm.

Brent crude oil futures fell below $70 per barrel, trading at $69.33 per barrel, down $1.52 per barrel, or 2.2 percent, from their last close.

ITC, HUL, Infosys, SBI and ICICI Bank were the other firms which witnessed a slide in their market capitalisation (m-cap), while Reliance Industries Ltd (RIL), HDFC Bank, HDFC and Kotak Mahindra Bank finished with gains.

The fugitive diamantaire said the employees of Gitanjali were harassed and its stocks and servers were confiscated, thereby losing the possibilities of recovering the outstanding dues owed to the company.

Three of the four qualified bidders - Etihad Airways, TPG Capital and Indigo Partners - have not signed non-disclosure agreements necessary for conducting due diligence, with just days left now to submit their final bids.

Monthly gauges of Chinese manufacturing from a business magazine and an industry group showed activity grew in April but more slowly than the March rate.

Jefferies forecasted that Jio would be the largest telecom company in India by market share in the fourth quarter of 2019, but did not expect the competitive intensity to decrease.

The filing came in response to a clarification sought from the airline on reports that the British entrepreneur has offered to take control of Jet Airways.

On Tuesday, the rupee had appreciated by 5 paise to settle at 69.62 against the US dollar.