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Facing widespread discontent from its pilots — whose Covid time pay cuts continue — after giving ESOPS worth several crores to management brass, IndiGo has decided to partially restore their salaries from Friday April 1. They will first get a 8% hike and then another 6.5% from November 1, 2022, if there are no further flight disruptions for reasons like Covid or geopolitical tensions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lQajGsy via IFTTT

India's electricity shortage from March 1 to March 30 was its worst since October, a Reuters analysis of government data shows. A surge in power demand in March has forced India to cut coal supplies to the non-power sector and put on hold plans for some fuel auctions for utilities without supply deals due to a slump in inventories. read more from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/phNYi1o via IFTTT

Equity indices logged their best month since August 2021 with the benchmark BSE sensex scaling over 3,000 points or 4.13 per cent in March. The performance comes in the back of a ragging war between Russia and Ukraine that has spooked stock markets globally, forcing investors to move to safe haven assets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/D8iBxR6 via IFTTT

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You will have to pay a penalty of Rs 500-1,000 if you do not link your Permanent Account Number (PAN) with Aadhaar by March 31. But your PAN will still remain functional till March 31, 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CPTQ1xy via IFTTT

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India will more than double the price of natural gas from Friday for the first half of this fiscal year, reflecting a surge in global prices, two sources familiar with the matter said, further stoking inflation in Asia's third largest economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LRxDwjQ via IFTTT

Shares of India's Tata Coffee surged up to 12% on Wednesday after parent Tata Consumer Products said it would streamline its coffee business by merging the company with itself. Tata Consumer said the plantation business of Tata Coffee would be demerged into Tata Consumer Products' beverages and foods unit, which is known for brands like "Tata Tea" and "Tetley". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/whvjW2E via IFTTT

Uday Kotak will step down as chairman of IL&FS after three and a half years with current MD C S Rajan taking over as CMD. According to Kotak, around Rs 55,000 crore of debt has been resolved, which represents nearly 90% of the expected resolution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CHUfgBI via IFTTT

The stock price of two-wheeler major Hero MotoCorp crashed over 7% on Tuesday on the back of reports that a raid by the income tax (I-T) department had unearthed bogus expenses aggregating Rs 1,000 crore and cash transactions worth about Rs 100 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gqiwLBx via IFTTT

The Reserve Bank of India (RBI) has said that banks and financial institutions should not be dominated by individuals. Rather, the central bank said, they should be board-driven to avoid undesirable consequences. It has also highlighted specific questions that boards should ask managements. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tvGhijk via IFTTT

Petrol and diesel prices were hiked by 80 paise a litre each on Wednesday. This takes the total increase in rates in the last nine days to Rs 5.60 per litre. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zjkQMH7 via IFTTT

A delegation from Egypt will visit India in the first week of April to facilitate wheat imports as part of efforts to secure supplies and tide over shortages at one of the world's biggest importers of the staple, government sources said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7KniG9v via IFTTT

Finance minister Nirmala Sitharaman on Tuesday defended the 137-day hiatus in fuel price revision, saying the disruption in supply chains and the resultant increase in global oil prices due to the war in Ukraine was a "couple of weeks" phenomenon resulting in the record hike in petrol and diesel prices in last 8 days. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fxDauzZ via IFTTT

Domestic ratings agency Icra on Tuesday cut its FY23 real GDP growth estimate by a sharp 0.8 per cent to 7.2 per cent, primarily driven by the fallout of Russian invasion of Ukraine. Its chief economist Aditi Nayar attributed the downward revision to elevated commodity prices and also fresh supply chain issues arising from the conflict in Ukraine. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QAJp9s4 via IFTTT

RBI governor Shaktikanta Das said on Monday that the country has made substantial progress in achieving self-sufficiency in the production of banknotes while launching a facility for manufacturing specialised currency ink. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/R8J1asT via IFTTT

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The free trade agreement between India and the UAE has opened huge opportunities and businesses of both countries should look at taking the bilateral trade to $250 billion by 2030, commerce and industry minister Piyush Goyal said on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OLYxZgn via IFTTT

Tesla Inc will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5%. The plan came as the company suspended its Shanghai factory amid Covid-19-related lockdown measures and its artificial intelligence head took a sabbatical as the company aims to achieve full self-driving capability this year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ldhz26w via IFTTT

A Delhi court on Monday allowed the CBI to collect the handwriting sample of former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE co-location case. Special Judge Sanjeev Aggarwal also extended Ramkrishna's judicial custody till April 11. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ArBncEo via IFTTT

China's state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uib5jLP via IFTTT

Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise, taking the total increase in rates in the last one week to Rs 4-4.10 per litre. Petrol in Delhi will now cost Rs 99.41 per litre as against Rs 99.11 previously while diesel rates have gone up from Rs 90.42 per litre to Rs 90.77, according to a price notification of state fuel retailers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/93kq7mK via IFTTT

With the economy appearing to be back on track, the Centre is upbeat on revenue generation but wary of how the war in Ukraine could upset its fiscal calculations in the coming months, apart from disturbing the inflation arithmetic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mJ3lKTh via IFTTT

Desi single malt whisky brands are coming of age and seem to be giving a tough competition to their Scottish ancestors. These indigenous single malt whisky brands now account for over a third of the market, compared to 15% five years ago, showed data collated by TOI from industry bodies and companies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iglwaEn via IFTTT

India is set to lower import duty on dates, metals, cement, cooking gas and crude oil from the UAE as part of the free trade agreement (FTA) that is expected to be implemented from May. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g3KrdMp via IFTTT

The strong revival in travel has now led to industry biggies — who had laid off staff during Covid — poaching from each other to meet the increased demand. This phenomenon is being witnessed by both airlines and hotels, with the former trying their best to stop losing crew to Gulf carriers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iBTeM2p via IFTTT

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Prime Minister Narendra Modi said India achieving its export target of $400 billion this fiscal shows that the demand for its items is increasing all over the world, and asserted that when every Indian gets 'vocal for local', it does not take much time for the "local to become global". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1Z8FyuM via IFTTT

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Petrol and diesel prices were hiked yet again on Sunday- the fifth increase in six days. Petrol will now be dearer by 50 paise a litre and diesel by 55 paise a litre. In Delhi, petrol will now cost Rs 99.11 per litre while diesel rates have gone up to Rs 90.42. Four increments of 80 paise each, and the latest hike on Sunday means petrol will now cost Rs 3.70 more and diesel Rs 3.75 more per litre as compared to prices a week back. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3HQpXNc via IFTTT

As India resumes scheduled international flights from Sunday (March 27) after a gap of over two years, more foreign airlines are announcing their plans for the country. Indian carriers are yet to share their international schedule details for the post-reopening. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aPsFSIm via IFTTT

eliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CUXbyrS via IFTTT

mid criticism over hikes in prices of petrol and diesel in recent days, finance minister Nirmala Sitharaman on Friday argued that it was the war in Ukraine that had forced an increase in pump prices, while maintaining that the government did not burden the people with additional taxes during Covid, when 32 countries across the globe had raised levies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GYqMyjU via IFTTT

Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per share. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XFBh3eq via IFTTT

Executive director of GAIL, Sanjay Kumar, has taken over as the managing director of Indraprastha Gas Ltd (IGL), the country's largest natural gas distribution company operating CNG and PNG services in 30 districts across three states and the national capital. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZdfkhGx via IFTTT

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As part of the amendments to the Finance Bill, the Centre has proposed further tightening of tax proposals around crypto assets, including clearly specifying that losses incurred during some of the transactions cannot be used to set off against profits from other deals. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/o3Y5GwT via IFTTT

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Union food minister Piyush Goyal on Thursday assured that the Centre will procure excess stocks of raw rice from Telangana as per the quality specified by the Food Corporation of India. The assurance came from Goyal after a delegation of TRS leaders met Goyal in Parliament over the issue of procurement of rice from Telangana. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AkWVdQ9 via IFTTT