Newsmakers: Modi on 3-day UK visit, low fares for travel without luggage and more

Modi eyes trade deals on UK visit: Prime Minister Narendra Modi arrived in London on Thursday for a three-day visit that will see India and Britain sign a number of pacts on mutual investments and defence cooperation. "My visit is aimed at strengthening cooperation with a traditional friend that is not only a major economic partner of India but also one of the leading economic players of the world," Modi had said in a series of pre-departure Facebook posts.

Oct retail inflation edges up to 5%: The annual consumer price inflation edged up to 5.0 per cent in October, up for the third straight month, compared with 4.41 per cent a month ago, government data showed.

SpiceJet swings to small profit in Q2: SpiceJet reported a Rs 23.8 crore net profit for July to September, after its fuel costs fell and it filled more seats on its planes. The quarterly profit is SpiceJet's third in a row, the airline said in a regulatory statement. The country's second-biggest budget airline by market share made a Rs 310 crore net loss for the same period last year.

Vodafone decides against spinning off emerging markets unit: Mobile networks operator Vodafone has looked at spinning off its entire emerging markets unit, which includes its interests in India, Africa, New Zealand, Qatar and Turkey, but decided the synergies it gives justified keeping the group together, Chief Executive Vittorio Colao said.

Special fares for travel without luggage: Aviation regulator DGCA has now allowed domestic carriers to roll out zero-bag fares and charge penalty against check-in baggage for tickets booked under such an offer.