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Mr Raote said that private cab companies could be given city taxi status.Business
Karnataka open for talks with Uber rival Ola over ban

Karnataka had suspended Ola's licence for six months for violating government rules by running motorcycle taxis which...

24 March 2019 10:24 AM IST

Karnataka Bank on Tuesday reported 92 per cent slump in net profit at Rs 11 crore for the March quarter due to multi-fold jump in provisioning for bad assets.Business
Karnataka Bank reports Rs 13 crore fraud to RBI

The fraud was on account of diversion of funds', the lender said in a BSE filing.

23 March 2019 4:02 PM IST

Navia Life Care is a health tech company building patient engagement platforms for medical providers.Business
Healthcare startup Navia Life grows 600 pc revenue from last 1 year

The startup plans to grow 10x in next year with expansion in tier 2 and tier 3 cities.

23 March 2019 11:43 AM IST

A SpiceJet flight slid off the runway during landing at Mumbais international airport on September 19.Business
SpiceJet in talks with lessors for inducting planes

The no-frills airline has grounded 12 Boeing 737 MAX aircraft following regulatory directives earlier this month.

23 March 2019 10:46 AM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.Business
SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per anum.

23 March 2019 10:34 AM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.Business
Reliance says not breaching US sanctions against Venezuela

Reliance's few transportation fuel shipments to Venezuela, treated as offsets for crude oil receipts.

23 March 2019 10:16 AM IST

(Photo: Twitter | @olacabs Screengrab)Business
Why Karnataka government suspended Ola licence?

Ola Cabs' aggregator licence was suspended for a period of 6 months by the Karnataka government's transport department.

23 March 2019 10:11 AM IST

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.Business
Canara Bank issues bonds from London branch to raise up to USD 400 mn

Shares of the bank closed 1.63 per cent down at Rs 271.70 a piece on the BSE.

22 March 2019 4:24 PM IST

The government will sell 5 percent stake in the countrys largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore.Business
Fitch assigns investment grade rating to NTPC's proposed notes

The proposed notes are to be issued out of NTPC's USD 6 billion medium-term note programme.

22 March 2019 4:08 PM IST

\Patel is an accused in the case and is the brother-in-law of the main accused in the case, the Sandesara brothers (Nitin and Chetan Sandesara). He is expected to be extradited to India soon,\ officials said.Business
Sterling Biotech case: Accused Hitesh Patel held in Albania on ED...

Hitesh Patel was apprehended by law enforcement officials of Albania in Tirana on March 20, say officials.

22 March 2019 3:13 PM IST

Mumbai airport saw 16,749 flights in November last year and 18,184 in December 2016.Business
GVK Group co to acquire 12 cr shares in Mumbai airport for Rs 924 cr

After completion of deal GVK Group's shareholding in MIAL will increase to 74 pc from existing 50.5 pc, the company...

22 March 2019 2:52 PM IST

At the time of the rocket attack, SpiceJets SG 22 Kabul-Delhi flight was preparing for take-off at the airport. (Photo: PTI/Representational)Business
SpiceJet in talks with lessors to induct aircraft

Alrline looks to fill a gap after the grounding of its Boeing MAX 8 fleet.

22 March 2019 2:38 PM IST

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