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Business

FAA to keep Boeing 737 MAX 9 grounded till further notice

Washington, Jan 13 (IANS) The US Federal Aviation Administration (FAA) announced that it will keep Boeing 737-9 MAX grounded for the safety of travellers until extensive inspection and maintenance are conducted and data from inspections is reviewed.In an online statement on Friday, the FAA said that it determined it needed additional data and is…
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Business

Two big deals completed by Tata Consumer Products

Mumbai, Jan 12 (IANS) In two back to back deals, Tata Consumer Products on Friday stated it will acquire up to 100 per cent stake in Organic India, a Fabindia-owned business that sells tea, infusions, herbal supplements and packaged foods,…
Business

LIC wins Rs 25,464 Income Tax refund on interim bonus

New Delhi, Jan 12 (IANS) In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.The refund pertains to the ongoing dispute between the…
Business

Industrial growth slumps to 2.4% in November

New Delhi, Jan 12 (IANS) India's industrial growth rate slumped to an 8-month low of 2.4 per cent in November from a 16-month high of 11.6 per cent in October, data released by the Ministry of Statistics and Programme Implementation on…
Business

Rupee strengthens further with 11 paise gain vs dollar

Mumbai, Jan 12 (IANS) The rupee strengthened further on Friday with a gain of 11 paise to close at 82.90 vis-a-vis the US dollar as bullish foreign funds flowed into the equity markets.This is the eighth consecutive day on which the Indian…