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Industry News SpiceJet gets Heathrow slots, flights from Sept 1
Airline major SpiceJet has secured slots to operate flights at Londons Heathrow Airport from September 1.In aviation parlance, a slot refers to the time period in which an aircraft is allowed to land or take-off from a particular airport.The current arrangement, under the bubble agreement between India and the UK, would remain effective up to October 23, the end of summer schedule, the airline...
- 17 hrs ago
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Industry News Coke enters immunity-boosting beverages category
Beverage major Coca-Cola India on Tuesday unveiled two new brands to mark its entry into the nascent immunity-boosting beverages category in India.Accordingly, the company under its master brand Minute Maid, introduced two new products which claim to deliver some of the daily essential nutrition requirements, extracted from fruits grown by Indian farmers. Apart from allowing the company's...
- 17 hrs ago
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Industry News Auto dealers need to invest more in digital resources: Google
With Covid-19 changing consumer behaviour, automotive brands that further digitise the car-buying experience are better poised for post-pandemic success, suggests new insights from Google.Expectations are changing, and now more than ever, people want the ability to buy and engage with the brand from the comfort of their home, Nikhil Bansal, Head of Industry, Automotive, Google India,...
- 17 hrs ago
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Industry News Ratan Tata accuses Mistry of creating 'smokescreen' of oppression
Hitting back on Cyrus Mistry's allegations, Ratan Tata, Chairman Emeritus of Tata Sons, has said that Mistry has created a smokescreen of oppression and mismanagement.In his rejoinder affidavit filed in the Supreme Court countering the affidavit filed by former Tata Sons Chairman Mistry, Ratan Tata said that the issues raised by Mistry were about the personal grievance of the...
- 17 hrs ago
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Industry News Moody's upgrades Yes Bank's ratings on fund raising
Credit ratings agency Moody's Investors Service has upgraded Yes Bank's long-term foreign currency issuer rating to 'B3' from 'Caa1' after the bank recently raised Rs 15,000 crore through a further public offering (FPO).It has also changed the outlook for Yes bank to stable from positive.
- yesterday
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Industry News Real estate sentiments at record low in April-June
Sentiments in the real estate sector were at a record low in the second quarter of 2020, according to a report.The Real Estate Sentiment Index for Q2, prepared by Knight Frank, FICCI and NAREDCO, showed that stakeholders in the sector, however, expect the market scenario to somewhat improve in the next six months.
- yesterday
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Industry News Experts' panel for development of int'l retail business in IFSC
The International Financial Services Centres Authority (IFSCA) on Monday announced the creation of a seven-member committee of experts for the development of international retail business in the International Financial Services Centre (IFSC).The committee will be headed by Pradip Shah, the Chairman of Indasia Fund Advisors Pvt Ltd.
- 2 days ago
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Industry News Bandhan Bank promoter sells 21% stake to meet RBI norm
Bandhan Financial Holdings Limited has lowered its stake in Bandhan Bank by 20.95 per cent through a block deal to meet the Reserve Bank of India's (RBI) licensing norms for new private sector banks.Post the deal, the holding company's stake in the bank is at 40 per cent, the bank said in a regulatory filing.
- 2 days ago
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Industry News Avoid kite flying near electrical installations on I-Day: BSES
Power discom BSES has issued an advisory asking people in the national capital not to fly kites near electrical installations on Independence Day.In a statement, the company said that the metal coated thread of the kite is a major threat as it is a good conductor of electricity. It not only poses a great danger to the person flying the kite, but may also disrupt electricity supply of...
- 2 days ago
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Industry News Hefty corona cess by states halves liquor sales: CIABC
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has said liquor sales have declined more than half in states that imposed heavy corona cess to raise revenue."The idea of various state governments to quickly make up for revenue deficit due to lockdown through heavy taxation on sale of liquor has back-fired," the CIABC said here on Sunday.
- 2 days ago
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