Free Press Journal
  • India becomes 3rd largest aviation mkt in domestic traffic

    New Delhi: India has become the third largest aviation market in terms of domestic passenger traffic, beating Japan, an industry report has said. India’s domestic air passenger traffic stood at 100 million in 2016 and was behind only the US (719 million) and China (436 million), Sydney-based aviation think-tank Centre for Asia Pacific Aviation (CAPA) said in its latest report. India acquired the third spot globally by unseating Japan, which flew 97

  • Jindal keen to snap up troubled steel firms for expansion

    Jaigad (Maha) : JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said.

  • Arbitration on compensation demand in RIL-ONGC row starts

    New Delhi: A three-member arbitration panel has started hearing validity of the government’s demand of USD 1.55 billion as compensation from Reliance Industries for “unfairly” producing ONGC’s gas.

  • Companies have lined-up `20,000-cr Initial public offers

    New Delhi : The IPO lane is getting busy as companies have lined up initial public offerings worth Rs 20,000 crore in the coming months to fund their business expansion and meet working capital requirements.

  • Note ban may have affected CAD: SBI Research

    Mumbai :  SBI Research has attributed the lower outward remittances and massive jump in travel receipts, which bumped up the December quarter CAD, to the note ban impact that dominated the review period.

  • Finance Bill

    6 issues that should scare you in Arun Jaitley’s Finance Bill 2017

    Typically, during every Budget session, Parliament passes a Finance Bill which details the tax proposals of the Central government. Arun Jaitley’s Finance Bill 2017 has been passed by the Lok Sabha yesterday. The Money Bill’ will be sent to Rajya Sabha for discussion but only the recommendations can be rejected by Lok Sabha and then will be sent to the President of India for his ascent.

  • Carlyle Group picks minority stake in Delhivery  

    New Delhi: Asset management firm Carlyle Group picked a minority stake in supply chain services company Delhivery Private, with existing investor Tiger Global also upping its exposure, for a combined investment of more than $ 100 million.

  • Many banks, insurance firms keen to partner with IPPB: Minister

    New Delhi :   Nearly 100 firms, including SBI, LIC and MTNL, have approached the Department of Post for partnership with newly-launched India Post Payments Bank (IPPB), Communications Minister Manoj Sinha informed Parliament on Friday.