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Jet Airways Chairman Naresh Goyal to Invest Up to Rs 700 Crore in Jet Airways

Jet Airways chairman Naresh Goyal is ready to invest up to Rs 700 crore in Jet Airways on the condition that his stake does not fall below 25%. Goyal’s offer comes against the backdrop of strategic partner Etihad reportedly putting forward strict conditions, including that Goyal should give up control, for infusing funds into the crisis-hit carrier.

Indian Economic Inflation Nears Advanced Economy

A fast-growing emerging economy like India can ill-afford such a low inflation rate. If high inflation acts as a threat to growth, ultra-low inflation does the same. It is no surprise that this low inflation is symptomatic of the agrarian crisis, wherein rural wages are stagnating and earnings have collapsed for many farmers. Growth brings income and a collapse in inflation will threaten to erase the incentive to produce.

Qatar Airways and Jet Airways Deal Halted

Qatar Airways and Jet Airways deal of buying a as a substantial portion of the latter debt-laden carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday. Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism. Doha denies the charges. The UAE, together with Saudi Arabia, Egypt and Bahrain have banned Qatar Airways since June of that year as part of the dispute.

Maruti Suzuki to Introduce New WagonR Soon

2019 Maruti WagonR will be presented in 3 variants, L, V and Z. This new gen model has been christened as the ‘Big new WagonR’. It gets new design, features and mechanical upgrades. Measuring 3,655mm in length, 1,620mm in width and 1,675mm in height, the new WagonR sits on a 2,435mm long wheelbase.

“Won’t Engage in A Price War”, Said TCS

TCS reported a Q3 operating margin of 25.6%, about three percentage points wider than Infosys’s 22.6%, highlighting how the Mumbai-based TCS is generating more revenue at higher profitability.

Petrol Prices hiked by 37-40 Paise

With effect from 6 am on January 14, petrol prices were at Rs. 70.13 per litre in Delhi, Rs. 72.24 per litre in Kolkata, Rs. 75.77 per litre in Mumbai and Rs. 72.79 per litre in Chennai, according to Indian Oil Corporation – the country’s largest fuel retailer. Diesel prices stood at Rs. 64.18 per litre, Rs. 65.95 per litre, Rs. 67.18 per litre and Rs. 67.78 per litre respectively.

Fiscal Deficit Targets 3.3% of GDP

The government had budgeted fiscal deficit of Rs 6.24 lakh crore, or 3.3 per cent of the GDP, for FY19. Fiscal deficit for April-November stood at Rs 7.16 lakh crore, or 114.8 per cent of the target. It is slightly more than the 112 per cent recorded in the same period last fiscal.

Shares of Infosys Ltd Have Risen 27%

Growth is certainly back to decent levels. The constant currency revenue growth of 10.1% from a year ago is notably higher than Street estimates. Importantly, Infosys also revised FY19 growth upwards by about 100 basis points. This implies growth momentum should continue into the fourth quarter, and return to double-digit growth is certainly something that will excite investors.

J&K Bank’s Q3 Saw 43% Increase

J&K Bank has reported 43 percent increase in its net profit at Rs 103.75 crore for the third quarter ended December 2018. Total income of the bank rose to Rs 2,184.22 crore as against Rs 1,790.77 crore in the same period a year ago.

Check Out Petrol and Diesel Prices As They Fell for 4th Consecutive Day

Fuel prices went up in the NCR region as well. In Noida, petrol price was hiked 62 paise to Rs 69.89 while diesel price crossed Rs 67 mark after 73 paise hike and was selling at Rs 67.26 per litre. In Gurgaon as well, petrol became 59 paise costlier and was selling at Rs 70.80, while diesel in the city was priced 70 paise costlier at Rs 63.70 per litre on Sunday.

Service Providers Should Compulsory Mention GST Registration Status, Dictates Revenue Department

Under the GST composition scheme, traders and manufacturers are required to pay only 1 per cent GST on goods which otherwise attract a higher levy of either 5, 12 or 18 per cent. Such dealers are also not permitted to charge GST from the purchaser. Of the 1.17 crore businesses registered under GST, about 20 lakh have opted for composition scheme. “It has come to the notice of the government that a large number of composition dealers are levying GST at higher rates and not depositing it with the government,”

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Jet Airways Chairman Naresh Goyal to Invest Up to Rs 700 Crore in Jet Airways

Jet Airways chairman Naresh Goyal is ready to invest up to Rs 700 crore in Jet Airways on the condition that his stake does not fall below 25%. Goyal’s offer comes against the backdrop of strategic partner Etihad reportedly putting forward strict conditions, including that Goyal should give up control, for infusing funds into the crisis-hit carrier.

Bihar CM Nitish Kumar Ready to Reconcile with RJD

Bihar Chief Minister Nitish Kumar on Tuesday night claimed that he has “lots of love” for Rashtriya Janata Dal (RJD) leader Tejashwi Yadav despite the “harsh words” the latter often uses.

PM Modi Lashes Out At Kerala Government for Sabarimala Mismanagement

In Kollam today for the launch of two projects, PM Modi said: “The CPM government’s conduct on Sabarimala will go down in history as the most shameful action of any government in power… We know CPM government never respected spirituality, religion… but no one thought it would turn so shameful”.

Spat Over Rafale Is On High Gear

In its response to Pune-based activist Vihar Durve who had sought the report from CAG, the country’s auditor said, “The audit is under progress and the report is yet to be finalised. The information cannot be given under Section 8(1)(C) of the RTI Act as the disclosure would cause breach of Parliament”.

Philip Kotler Backlashed in Favor of PM Modi on Twitter

Coming out in defense of Prime Minister Narendra Modi over receiving “the first ever Philip Kotler Presidential Award”, the marketing guru put out a clarification on Twitter on Tuesday and also applauded the prime minister’s “selfless service towards India”.

Indian 2 Fist Look Poster is Out

The first look poster of Indian 2 is out and it has come as a relief to Kamal Haasan fans since the future of the project looked uncertain due to several rumours.

Galaxy S10 Pieces Leaked; China Compulsory Certification Detected

The first part of the story is that only two variants were certified in China but there have been reports of three and even four total variants of the S10 with at least one 5G-enabled one and possibly a third size (6.1”) in addition to the supposed 5.8” and 6.44” versions.

Honor 10 Lite Launched in India Today

Honor 10 Lite was launched in India today at an event in New Delhi. The Honor 10 Lite price in India has been set at Rs. 13,999 for the 4GB RAM variant, while its 6GB RAM comes at Rs. 17,999. Both models come in Midnight Black, Sapphire Blue, and Sky Blue colour options. Particularly, the Sky Blue colour option comes with a gradient finish. The Honor 10 Lite will be available for purchase through Flipkart and HiHonor India store. The sale will begin starting 12 am (Midnight) IST on January 20.