Jet Airways signs MoU with Aeromexico for codeshare flights

Naresh Goyal-promoted private carrier Jet Airways today said it has partnered with Mexican flag carrier Aeromexico for codeshare flights and frequent flyers programme. The two airlines have signed a memorandum of understanding (MoU) to give effect to the partnership, Jet Airways said in a release.

The MoU, signed by Jet Airways Chairman Naresh Goyal and Aeromexico Chief Executive Offi

GMR Airports to develop Kastelli airport in Greece

GMR Airports on Wednesday said that it has been selected to develop, operate and manage the new international airport of Kastelli on Crete Island, Greece. The company is a subsidiary of GMR Infrastructure.

According to the firm, it has bagged the project in partnership with Greek infrastructure major TERNA S.A. 

"GMR Airports will be the designated airpor

Reliance Nippon Life Asset Management to be listed in bourses

The board of Reliance Nippon Life Asset Management Ltd (RNAM) has given its approval to list the company's equity shares on the bourses, the company said on Wednesday.

In a statement issued here, RNAM said its board of directors have given their nod to list the company's equity shares on the stock exchanges subject to necessary regulatory and corporate approvals.
<

Sensex flat tracking global cues ahead of ECB meet

By Tanvi Mehta

 Indian shares traded flat on Thursday tracking Asian peers ahead of a slew of global events including the European Central Bank's policy meeting, U.K. elections and congressional testimony from ex-FBI director James Comey.

But banking shares such as HDFC Bank  gained, aft

Amazon lent $1 billion to merchants to boost sales on its marketplace

By Jeffrey Dastin

 Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday.

The e-commerce giant has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it lent from 2011 through 2015, said Peeyus

Samsung to double mobile phone capacity at main Indian factory

MUMBAI - Samsung Electronics plans to double the production capacity for mobile phones and fridges at its main factory in India, expanding in a country where U.S. rival Apple Inc. has started assembling phones.

The South Korean company said in a statement on Wednesday it would spend 49 billion rupees ($764 million) over three years to expand the factory on an addition

Sensex ends higher; RBI keeps key interest rate unchanged

Indian shares ended higher on Wednesday, after the central bank kept its key interest rate unchanged and global investors remained noticeably risk-averse.

The benchmark BSE Sensex closed up 0.26 percent at 31,271.28.

The broader NSE Nifty ended 0.28 percent higher at 9,663.90, a day after it breached the 9,700 level for the first time.

(Reporting by Tanvi Mehta in

SEBI gets cabinet nod to sign MoU with European counterpart

The union cabinet on Wednesday accorded approval to a SEBI proposal to enter into an agreement of mutual cooperation with the European Securities and Markets Authority (ESMA).

"The Cabinet has given its approval to the Sebi for entering into a Memorandum of Understanding (MoU) with ESMA in relation to mutual cooperation," the Finance Ministry later said in a statement.

Cabinet approves MoU with S. Korea for $9 bn export credit

The Cabinet on Wednesday approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of South Korea (KEXIM) for export credit of $9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.

The MoU is proposed to be signed between the two banks dur

RBI keeps key interest rate unchanged, cuts inflation projections

By Suvashree Choudhury and Swati Bhat

MUMBAI - The Reserve Bank of India (RBI) lowered inflation projections and delivered a slightly less hawkish policy statement on Wednesday, as it left key interest rates unchanged while waiting to be more sure that inflation will stay subdued.

The change in tone was enough for some analysts to see a possibility of a

Farmers in Madhya Pradesh step up strike after six die in firing

By Rajendra Jadhav

MUMBAI - Farmers on Wednesday stepped up their agitation in Madhya Pradesh after six were shot dead in clashes the previous day, forcing the authorities to impose a curfew in some areas.

The outburst of discontent in India's heartland farming states of Madhya Pradesh and neighbouring Maharashtra poses a challenge for Prime Ministe

India approves plan for IREDA initial share sale - Government source

NEW DELHI - The cabinet approved a plan on Wednesday to publicly list state-owned Indian Renewable Energy Development Agency (IREDA) to fund its ambitious renewable energy development programmes.

India, one of the world's largest greenhouse gas emitters, targets to raise its renewable energy generating capacity to 175 GW by 2022, and has reinforced its commit

GMR Infrastructure arm to develop new international airport in Greece

GMR Infrastructure Ltd has said that its subsidiary GMR Airports Limited has been selected to Develop, Operate and Manage the New International Airport of Heraklion at Crete in partnership with Greek infrastructure major TERNA S.A. (100% subsidiary of GEK TERNA Group). “GMR Airports Limited will be the designated Airport Operator in the consortium for this project.

Greece is a m

India looking to extend UDAN scheme to Bimstec countries

In a bid to boost its engagement with Bimstec, India is looking to expand the UDAN scheme of its aviation policy to countries of this regional bloc, Minister of State for Civil Aviation Jayant Sinha said on Tuesday.

"What the government of India would like to see is that we can take the policy design behind UDAN (Ude Desh ka Aam Naagrik or 'common people of the country can fl

Honda Motorcycle targets 20% growth in 2017-18

Two-wheeler maker Honda Motorcycle and Scooter India Pvt Ltd is targeting 20 per cent growth to touch six million units this fiscal, said a company official. It also inaugurated its new zonal office in Coimbatore on Tuesday.

"This year we are aiming 6 million units with 20 per cent growth over the large existing base. Undoubtedly, our aggressive plans for key states, including Ta

Capacity addition likely to keep airlines' yields under pressure: ICRA

Ratings agency ICRA on Tuesday said the capacity addition by domestic airlines is likely to keep their yields under pressure.

According to the ratings agency, the Indian aviation sector, at present, has a sizeable order backlog of new aircraft, which is 1.78 times the current fleet size of the industry. 

ICRA said it expects 17-20 per cent growth in industry's ASKMs

Arun Jaitley leaves on 4-day visit to Paris for OECD meetings

Finance Minister Arun Jaitley on Tuesday left on a four-day official visit to Paris to participate in the Organisation for Economic Cooperation and Development (OECD) meetings and hold bilateral talks.

"The Finance Minister will arrive in Paris on Tuesday evening and on Wednesday, he will deliver the keynote address at OECD meeting," the Finance Ministry said here in a state

Sensex, Nifty rise in line with Asia; RBI policy meeting outcome awaited

By Tanvi Mehta

Indian shares rose on Wednesday in line with broader Asian markets as investors awaited key political and economic events including the monetary policy meeting in India.

The Reserve Bank of India is likely to strike a less hawkish tone while leaving interest rates unchanged at its policy meeting later in the day, according to analysts, as inflation is running

NSE aims to settle unfair access probe with SEBI - sources

By Abhirup Roy

MUMBAI - India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said.

The Securities and Exchange Board of India (SEBI) is probing whether NSE employees

Nifty ends lower after shedding early gains

Indian shares ended lower on Tuesday, reversing course from record highs hit in early session as markets paused ahead of the central bank's policy meeting.

The benchmark BSE Sensex closed down 0.38 percent at 31,190.56, after hitting a record high of 31,430.32.

The broader NSE Nifty ended 0.39 percent lower at 9,637.15. The index breached 9,700 points for the first time

Bharti Airtel launches digital platform to offer integrated solutions

Bharti Airtel, India’s largest telecommunications service provider, has said that its B2B arm Airtel Business has rolled out a first of its kind dedicated digital platform to serve the growing connectivity, communication and collaboration requirements of Emerging Businesses, including SMEs and Startups. The digital platform will offer solutions to emerging enterprises to enable ease of bu

Indiabulls Real Estate to raise Rs 75 cr via debentures

Indiabulls Real Estate said it plans to raise Rs 75 crore through private placement of debentures, reported PTI. In a BSE filing, Mumbai-based developer said that the company "proposes to issue secured redeemable non-convertible debentures of face value of Rs 10 lakh aggregating Rs 75 crore on a private placement basis.

NSE launches its exchange at Gandhinagar's GIFT IFSC

The National Stock Exchange (NSE) on Monday said it has launched its NSE IFSC exchange at GIFT IFSC in Gandhinagar.

According to the stock exchange major, the International Financial Services Centre (IFSC) has been established with the long-term vision to develop GIFT as a major global financial hub, to attract global investors and become price setters for key tradable products.