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While unveiling UDAN scheme last month, the ministry had said viability gap funding (VGF) would be based on different stage lengths as well as the type of fixed wing aircraft.

Govt mulls higher VGF for planes with less than 20 seats

the government has launched UDAN scheme under which fares would be capped at a maximum of Rs 3,500.

27 Nov 2016 2:44 PM IST

Along with increasing its fleet size to 10 planes, AirAsia India also expects to have a headcount of around 1,000 by the end of March next year.

AirAsia India mulls A320 aircraft option for UDAN

AirAsia India, which currently has eight A320 planes, expects to have a fleet of 10 aircraft by end of this fiscal.

27 Nov 2016 2:38 PM IST

Experts feel that continuing rise in the circulation of currencies in economic activities could well be a key impediment in the transformation to a cashless and digital economy.

Going cashless: Rising currency-GDP ratio key impediment

India's cash to GDP ratio is around 12 to 13 per cent, much higher than major economies.

27 Nov 2016 2:26 PM IST

In Kolkata, Ola has partnered with Punjab National Bank (PNB), while for Hyderabad, it has collaborated with SBI and Andhra Bank.

Ola teams up with SBI, PNB for setting up mobile ATMs

Ola, which has its mobile wallet service, claimed it has seen 1500 per cent growth in recharge of 'Ola Money'.

27 Nov 2016 2:12 PM IST

Fire-brigade try to douse the fire at the Taj Hotel after completion of combing operation during the 26/11 terror strike in Mumbai. (Photo: PTI)

Different leadership would've responded: Shivshankar Menon on 26/11

The book is an insider's account of five major Indian foreign policy decisions in which Menon either participated...

27 Nov 2016 1:36 PM IST

PM Modi with Swiss President Johann Schneider-Ammann. (Photo: PTI)

Black money: Govt requests Switzerland for information on Indians'...

Many individuals are suspected to have maintained accounts in Swiss banks through offshore entities.

27 Nov 2016 1:29 PM IST

RIL said assistance at the allied storages proposed en route is vital for it to compete and rural penetration.

RIL seeks access to India's longest LPG pipeline by IOC

RIL said it wants to put in its own LPG, possibly produced at its Jamangar refineries in Gujarat in the pipeline for...

27 Nov 2016 1:20 PM IST

Airtel Bank plans to have a network of 100,000 merchants (shops) across Rajasthan by the end of the year.

Airtel Payments Bank opens 10,000+ savings accounts in 2 days

Majority of these accounts have been opened by customers in semi-urban and rural areas.

27 Nov 2016 1:13 PM IST

Earlier this year, the government cleared the proposal to merge SBI with its five associate banks.

SBI expects RBI nod on merger of associate banks soon

The detailed merger plan, including financial implications, HR and asset-liability issues are being vetted by the RBI.

27 Nov 2016 1:04 PM IST

The global brokerage expects Indias current account deficit to rise to only 1.1 per cent of GDP in FY2017-18, from a likely out-turn of 0.5 per cent in 2016-17.

Rupee to breach 70-mark by Dec, touch 72.50 by 2017-end: Report

EMFX (Emerging Markets Foreign Exchange) has seen sell-off, which has also led to some weakening in rupee.

27 Nov 2016 12:33 PM IST

Prime Minister Narendra Modi (Photo:PTI)

Mann ki Baat: Modi bats for cashless economy, urges for a 'digital...

I understand your problems but for a disease which has infected our country for 70 years, treatment can't be simple, the...

27 Nov 2016 11:11 AM IST

Commerce and Industry Minister Nirmala Sitharaman

Commerce Ministry favours 'restriction free' gold imports

Restrictions on gold imports can be justified on the grounds of maintaining the balance of payments (BoP)

27 Nov 2016 10:41 AM IST