Economy

Indian carriers ferried 11.39 million passengers against 9.58 million last year Domestic aviation traffic witnessed a growth of 18.95% in September with Indian carriers ferrying 11.39 million passengers as compared with 9.58 million during the same month last year. IndiGo recorded its highest market share this calendar year at 43.2%. …

Amid stiff competition, carriers keep fares low despite rising losses, ATF costs Having landed in a Catch-22 situation with the inability to increase airfares despite rising fuel costs, airlines in India have flown into losses. The quarterly loss of Rs. 652.1 crore by IndiGo, despite having more than 42% market …

Comptroller and Auditor General of India Rajiv Mehrishi on Tuesday questioned the role of the Reserve Bank of India (RBI) during the time when the banks were “going berserk with their lending”, leading to the high levels of NPAs, saying that there was no public discourse on the role of …

Rupee could fall another 10%, says veteran fund manager Joseph Bernhard Mark Mobius is among the best-known emerging markets fund managers. After having spent over 25 years at Franklin Templeton – including being the lead manager of Templeton Emerging Markets Investment Trust – the 82-year-old stepped down early this year …

Tejas Networks, a maker of networking products, has received an Rs. 111-crore purchase order from Sterlite Technologies to implement Indian Navy’s country-wide next-generation digital communications network. Tejas Networks would supply its terabit capacity DWDM systems and high-performance layer-3 multi-gigabit ethernet switches for Navy’s pan-India network, according to a statement. Source …

As many as 88% of the large-cap equity funds underperformed their benchmarks over the one-year period ending June 30, according to the latest analysis by S&P Dow Jones Indices. Further, 62% of mid-cap/small-cap equity funds and 83% of government bond funds underperformed their respective indices as well in the same …

The direct tax base has significantly widened in the last few years, according to new back series data released by the government. The data showed a growth of more than 80% in the number of returns filed in the last four financial years from 3.79 crore in financial year (FY) …

While urban Uttar Pradesh has an 80% coverage of toilets, inefficient sanitation systems ensure that almost 87% of the excreta being generated by these toilets is being dumped in waterbodies or agricultural lands, according to a new analysis of 30 cities by the Centre for Science and Environment. “With 2019 …

Giving relief to domestic medical device makers, the Centre has asked the procurement agencies to follow the Bureau of Indian Standards (BIS) for procuring devices and not to mandate the USFDA/CE certifications where the norms laid down by the national standard body exist. This issue of mandatory requirement of USFDA/CE …

Whenever you buy an expensive beauty product from premium brands such as The Body Shop or L’oreal or a chocolate hamper from Ferrero Rocher, you might be unknowingly supporting millions of tribals spread across States like Jharkhand, Odisha, Chhattisgarh and Madhya Pradesh. A little-known Indian company from Chhattisgarh – Manorama …