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Airlines have been advised by the government to increase capacity to keep a check on spiralling air fares, official said on Tuesday.

A meeting was held between the Directorate General of Civil Aviation (DGCA) and all the airlines on Tuesday.

A senior DGCA official said the government did not issue a directive, but advised airlines to increase

The management of IT services company Mindtree rejected conglomerate Larsen - Toubro Ltd's move to buy a 66 per cent stake in the company by spending about $1.6 billion, terming it "value destructive."

L-T, which has its own IT business unit apart from businesses such as construction, power and financial services, said late Monday it would

Shares of the Reliance Group companies promoted by industrialist Anil Ambani - Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Power, Reliance Home Finance, Reliance Naval and Reliance Nippon Life Asset Management surged after

Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year.

MSCI's broadest index of Asia-Pacific shares

The all-powerful GST Council on Tuesday approved a transition plan for the implementation of new tax structure for housing units, Revenue Secretary A B Pandey said. 

Reasonable time for transition will be given to developers in consultation with states, he told reporters here. The meeting deliberated on the transition provision and related issues

Domestic equity benchmarks edged higher led by gains in banking heavyweights Reliance Industries, HDFC Bank, Infosys, HDFC, ITC and State Bank Of India. However, the gains were capped as auto stocks like Eicher Motorts, Hero MotoCorp, Bajaj Auto, Maruti

Foreign Institutional Investors (FIIs) have pumped in Rs 23,000 crore this month so far, aiding the rupee to gain over 2 per cent against the dollar over upbeat investor sentiments.

The healthy inflow of foreign funds during March 2019 comes second just to the

Gold prices bounced back by Rs 140 to Rs 32,970 per 10 grams at the bullion market Tuesday on the back of positive global trend and fresh buying by local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver followed suit and recovered by Rs 235 to Rs 38,960 per kg due to increased offtake from

Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC.

US sanctions against oil producers Iran and Venezuela are also boosting crude prices, although traders say the market looks capped by

State Bank of India or SBI, country's largest bank on basis of its assets, in association with Thomas Cook, offers 'Holidays Savings account' for holiday goers. Under this scheme, investor can save monthly amounts in the form of a recurring deposit (RD) with SBI and avail a vacation

IndiGo announced new domestic flight connections at a starting all-inclusive price of Rs 1,999. The daily non-stop flights introduced by the carrier, will be operated on Hyderabad-Kolhapur and Tirupati-Kolhapur routes, starting from May 12, 2019,

Asian shares treaded water on Tuesday ahead of a US Federal Reserve policy meeting, hovering near six-month highs, while sterling was choppy as the speaker of Britain's parliament banned another vote on same Brexit deal.

MSCI's broadest index of Asia-Pacific shares outside Japan was virtually flat, just a hair away from the highest level since

The Reserve Bank of India's new step to infuse rupees into the banking system through a dollar/rupee forward buy-sell swap auction window has been well received by the market, Governor Shaktikanta Das said on Tuesday.

"By and large I think it has been

The S-P BSE Sensex matched its longest stretch of gains since December and the NSE Nifty Index closed above 11,500 for the first time since September 14, 2018. Foreign institutional investors continue to buy shares in Indian markets. The foreign

Jet Airways chairman Naresh Goyal told the airline's pilots on Monday he needed "a further short time" to finalise a rescue deal for the cash-strapped carrier as the process is complex, reported news agency Reuters.

Aviation watchdog DGCA (Directorate General of Civil Aviation) is reviewing the hike in airfare on specific routes across the country and it has advised airlines to increase flights so that the fares remain in check, a senior official said. The DGCA held a meeting on Tuesday to discuss the upward spiral in airfares as Jet Airways

The government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the

Senior Reserve Bank of India (RB) officials met about two dozen bankers on Monday for feedback on the central bank's new cash infusion tool, according to two bankers who attended the meeting.

While the meeting was aimed at ironing out any procedural issues

Financially beleaguered Jet Airways faces another crisis as lessors are offering 50 of its Boeing aircraft to SpiceJet.

According to industry insiders, at least 50 aircraft are on offer under dry lease terms from Jet's lessors. These lessors have been able to get their aircraft grounded as dues were not paid to them, said a

Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.

The Azeri ministry issued the statement on Tuesday following talks in Baku between Azerbaijan's energy minister and Venezuelan oil minister and president of

In a big blow to the promoters of debt-ridden Essar Steel, the National Company Law Appellate Tribunal (NCLAT) on Monday approved a Rs 42,000 crore takeover bid for the insolvent firm by the world's largest steel maker ArcelorMittal.

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Snapping its six-day rising spree, the rupee on Tuesday depreciated by 43 paise to close at 68.96 against the dollar on emergence of demand for the greenback from importers, reported news agency Press Trust of India

Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said

Industrialist Anil Ambani-led Reliance Communications Ltd (RCom) said on Monday it terminated a deal to sell its telecom assets to Reliance Jio Infocomm, the mobile telecoms firm controlled by Anil's elder brother and Asia's richest man, Mukesh Ambani.

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A fixed deposit (FDs) is a secure financial instrument offered by banks, post offices, small finance banks, non-banking financial companies which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One

South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms.

The move follows the $275 million that the pair invested in Singapore-based

Jet Airways' Chairman Naresh Goyal told the airline's pilots on Monday he would need "a further short time" to finalise a rescue deal for the cash-strapped carrier as the process is complex.

In a letter, Mr Goyal said he is "committed to have the process

Economists raised concerns over a sharp slowdown in the country's economy and pitched for a monetary policy boost to support growth at a meeting with Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday, according to three participants.

The Bengaluru-based IT services company Mindtree Ltd fell in early trade on Tuesday after conglomerate Larsen - Toubro Ltd (L-T) said it would buy a 20.32 per cent stake in Mindtree for Rs 10,730 crore, including open offer.

L-T will buy the stake from Cafe Coffee Day founder V.G. Siddhartha and companies related to him, Coffee Day

Hotel Leela Venture will sell four of its hotels and a property to a fund sponsored by Canada's Brookfield Asset Management for Rs 3,950 crore ($576.41 million), as part of its restructuring, it said on Monday.

The company will sell four Leela hotels at