Airlines are likely to experience a traffic growth of 22-23 %, making it one of the best for the sector this financial year, even though oil prices created substantial pressure. “Airlines are maintaining healthy load factors backed by low fares. But since oil prices are on an uptrend, impact on[Read More…]
Union Finance Minister Arun Jaitley was given the additional charge of Defence Ministry on Monday, as per Rashtrapati Bhavan. The move comes in the wake of resignation of Manohar Parrikar as the defence minister. Parrikar will be sworn in as the Chief Minister of Goa on Tuesday heading the BJP-led[Read More…]
Digital wallet platform Paytm makes a u-turn on credit card fee in a new blog post saying that, “we are suspending 2% charge on credit cards for adding money to wallet keeping users’ convenience in mind.” “We are conscious that this move caused inconvenience to a large segment of our[Read More…]
Starbucks’s customers seem to be offended by Starbucks Chief Executive Howard Schultz’s declaration, promising to employ thousands of refugees, post President Donald Trump’s first executive order that temporarily banned travel from seven mostly-Muslim nations. Schultz in a letter to employees said the promise of the American Dream was “being called into[Read More…]
Air India’s revenue is expected to rise around 10% as compared to last fiscal’s years. It is anticipated to grow to Rs. 22,521 crore this financial on account of higher passenger earnings and increased capacity. Notably, The Revenue Passenger Kilometers has improved by 6.8% while the Passenger Carriages improved by 6.2 per[Read More…]
In a major drawback to the digital India move and cashless economy, the digital transactions that gained popularity following the demonetization move, have started declining with the lift in remonetisation – indicating the return of people’s preference for hard cash. According to the latest data from the Reserve Bank of[Read More…]
Online recharge platform Paytm has made some significant changes in Paytm wallet. The firm has withdrew its zero percent transfer to bank fee facility as it had observed a rising misuse of the medium originally meant for the service of its customers along with levying a two percent fee charges[Read More…]
Maintaining a healthy fiscal deficit will be paramount for the Indian economy, SEBI whole-time member G Mahalingam said exclusively to Newsd on Tuesday. Fiscal deficit is the gap between a country’s total revenue and total expenditure. While speaking to Group Editor of Newsd, Shutapa Paul, Mahalingam professed concern over rising[Read More…]
On March 7, Business giant the Reliance Capital sold about 1% of its stake in digital payment portal Paytm to China’s Alibaba Group. It settled for Rs 275 crore, the cost of the deal, which will be procuring huge gains for the Ambani-led group. The finance arm of the Reliance group[Read More…]
The Department of Industrial Policy and Promotion (DIPP) is not silent on Make in India and is in fact in the process of fine-tuning an upgraded 2.0 version. DIPP secretary Ramesh Abhishek told Group Editor of Newsd, Shutapa Paul, in an exclusive chat that contrary to criticism Prime Minister Narendra[Read More…]
The government on Monday asked banks including private entities to reconsider their decision of imposing charges on cash transaction charges and ATM withdrawals. Recently, HDFC Bank recently issued a notification where it said that its customers will only be able to avail four free withdrawal and deposit (cumulative) transactions from[Read More…]
Minister of State for Civil Aviation Jayant Sinha urged investors to think of new types of infrastructure in India such as ports and waterways at the ‘IVCA’s Annual India Alternatives Conclave 2017,’ that kicked off on Monday at the Grand Hotel, Vasant Kunj, New Delhi. The Indian Private Equity and[Read More…]
Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST), the new indirect tax regime, was on track and 1 July was going to be its likely date of implementation. “It (GST) looks on track. Subject to Parliament approval, it looks like the possible date of implementation[Read More…]
Aiming to counter Reliance Jio’s prime plans, now Bharti Airtel, the country’s largest telecom operator, has come up with a new revamped plan to offer 1 GB 4G data per day along with free local and STD calls. Airtel’s Rs 345 plan offers 1GB of 4G data per day along[Read More…]
In another shock to the customers, the State Bank of India has declared that its account-holders will be penalized for not maintaining a minimum balance from April 1 onwards. The bank had listed out charges to be made effective from April 1, on its website. While for the metropolitan areas,[Read More…]
