Business

According to the IATA global passenger traffic data for July, India's domestic demand -- revenue passenger kilometres (RPK) -- was the second highest amongst major aviation markets like Australia, Brazil, China, Japan, Russia and the US.

The total public debt (excluding liabilities under the public account) of the government was Rs 61.13 lakh crore as of March-end.

Indian Oil Corp (IOC) announced that the price of a subsidised 14.2kg LPG cylinder will now be Rs 487.18 in Delhi, as against Rs 479.77 earlier.

Balakrishnan noted that even when the founders were running the company, they never looked at controlling shareholding to exercise control on the company.

This investment is part of the overall Rs 1.8 trillion capex planned for the next five to seven years, IOC chairman Sanjiv Singh said in Mumbai.

Vodafone had in 2007 acquired 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa, now part of CK Hutchison.

The government has set a floor price of 168 rupees ($2.63) apiece for the sale through a stock market auction.

Selling of the US currency by exporters and banks amid a higher opening in domestic equities helped the rupee gain against dollar, dealers said.

The 30-share index was trading higher by 179 points, or 0.56 per cent, at 31,775.06. Sectoral Indices of IT, teck, power, realty, healthcare and banking rose by up to 1.60 per cent.

The Jan Dhan, Aadhaar and Mobile (JAM) trinity offers substantial benefits for the government, the economy and especially the poor, as well as weeds out leakages from the subsidy system, Finance Minister Arun Jaitley said on Sunday.

Balakrishnan added that Nilekani should focus on getting a good chairman "whenever he leaves in the future" to ensure that the "Board is in safe hands".

Within hours of being made Chairman of the Board of Infosys, Nilekani and other top executives of Infosys held a conference call with shareholders.

A lot of speculation had been going on since the introduction of GST as to the prices of various goods and services-whether they’ll go up or down? 1 nation 1 tax GST has been introduced in the economy for over 47 days now and gradually the effects of GST...

Apart from GST rates, there are other issues like input tax credit, penal interest/charges for delayed remittance of EMI and sale of repossessed assets which need to be corrected.

Infosys co-founder N R Narayana Murthy said that it is extremely important to spend less than what you earn.

According to the rating agency, the demand for MCE grew by over 35 percent during CY2016, overcoming four consecutive years of weak demand, giving a boost to the sector which is likely to grow by 13-17 percent in 2017.