'Technial glitch' strands passengers at Dubai airport

Dubai , Aug 23

Hundreds of passengers flying to the Philippines' capital Manila were stranded at Dubai International Airport as their flight was cancelled due to a "technical issue", a media report said on Wednesday.

Real estate may turn around in India in 2017: Report

New Delhi , Aug 23

Real estate in India may see a strong turnaround in 2017, as 55 per cent of 750 localities across 14 major cities witnessed price increment of 2.8 per cent, a report released on Wednesday said.

RBI mulling over Ombudsman for NBFCs: RBI Dy Guv

New Delhi , Aug 23

The Reserve Bank of India (RBI) is considering an 'Ombudsman' scheme for redressal of customer grievances with the non-banking finance companies (NBFCs) even as the central bank is not in favour of the NBFCs taking deposits from public, Deputy Governor N.S. Vishwanathan said on Wednesday.

IBBI pitches for market driven mechanism for mergers, acquisitions

New Delhi , Aug 23

Insolvency and Bankruptcy Board of India Chairperson M.S. Sahoo on Wednesday pitched for a market driven institutional mechanism to facilitate and enable mergers and acquisitions with minimum regulations that can conveniently safeguard the legitimate interests of concerned stakeholders.

Global cues, banking reforms lift equity markets

Mumbai , Aug 23

Positive global cues, along with the announcement on consolidation of public sector banks, lifted the key Indian equity indices -- the NSE Nifty 50 and the BSE Sensex -- on Wednesday.

No plan to demonetise Rs 2,000 note: Jaitley

New Delhi , Aug 23

The government is not considering banning Rs 2,000 notes while the Reserve Bank of India (RBI) will decide when to issue the new Rs 200 note that has been notified, Finance Minister Arun Jaitley said on Wednesday.

Ashwani Lohani to head Railway Board

New Delhi , Aug 23

Air India chief Ashwani Lohani was on Wednesday named the Chairman of the Railway Board to succeed A.K. Mittal who stepped down in the wake of repeated train accidents.