Budget carrier SpiceJet on Friday triggered off a price war in the aviation industry announcing one-way discounted fares starting Rs 1,999 for travel between September and December this year, prompting IndiGo to follow with a similar offer soon after.

The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.

Till Thursday, the country had received 41 per cent less June rainfall than normal - the scantiest in a decade and one of the rarest occasions when the shortfall in the month was more than 30 per cent - private weather forecaster Skymet said in its daily weather forecast on Friday.

Insurance falls from 14 position in 2013; insurance penetration falls to 3.9%.

The sector has sought a mandatory natural catastrophe cover to cover perils in calamity-prone areas.

The investment is through the asset manager's holding company IIFL Wealth Management Limited.

Assessment note says panel acts as control commission, especially in fund allocations to states.

With fewer passengers airlines bracing for a rise in operating costs due to a spike in crude prices

The firm bought the 87,444-sq ft feet property -- 22, Hanover Square -- from Scottish Widows Investment Partnership (part of Aberdeen Asset Management), which had put the building up for sale in April through consultancy firm H2SO.

The loss-making and debt-laden government carrier has earlier leased space in the 22-storey building to banks and offices but this will be first time that commercial eateries will be allowed in the premises.

Through the newly created business vertical Happinest, MLDL will launch two such housing projects in Boisar near Mumbai and Avadi in Chennai.

According to currency dealers, any sharp movement in the rupee might result in the Reserve Bank of India intervening in the foreign exchange market.

Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator

Infosys has tried to bring stability to the troubled company, which was struggling to maintain its growth momentum in the changing dynamics of technology industry.

Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified

The Budget session of the 16th Lok Sabha will begin in the second week of July, revealed Parliamentary Affairs Minister Venkaiah Naidu on Thursday.

The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012.

The company aims to contribute a sizeable portion of the Indian passenger car market by 2025, by when it expects the market to touch 10 million units.

The matter came up for hearing on Monday before a bench chaired by Justice R D Dhanuka.

The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.