Daily News Podcast: Jet Airways to evaluate funding options : Bulletin: Business Today
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Daily News Podcast: Jet Airways to evaluate funding options

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August 14, 2018

Retail inflation slows down to 9-month low level in July
Retail inflation plunged to a 9-month low of 4.17 per cent in July as vegetable prices fell, strengthening views that the RBI will keep interest rates on hold at its review in October after raising them for a second straight meeting on August 1. The RBI has raised the key repo rate by 0.25 per cent each on inflationary concerns. The next bi-monthly policy is to be unveiled on October 5.

Ease of Living Index: Pune ranks first in 'liveability', Delhi languishes at 65
The Ease of Living Index 2018 released by Union Minister Hardeep Singh Puri on Monday has thrown surprises, with few most prominent cities failing to make a cut in the top 10. Of total 111 cities ranked under the index, Pune has been ranked first while Navi Mumbai has surfaced as the second preferred spot in terms of 'liveability'. However, the national capital Delhi has failed to make it to the top 50, ranking much below cities like Vijayawada and Bhopal at number 65. Chennai was also ranked at number 14, while Kolkata refused to participate in the survey.

PNB scam: Govt dismisses Usha Ananthasubramanian from service, gives CBI permission to prosecute
Nearly three months after Allahabad Bank divested its MD & CEO Usha Ananthasubramanian from all functional responsibilities, the government today dismissed her from service, according to an official notification. Ananthasubramanian is the former CEO & managing director of scam hit Punjab National Bank. Ananthasubramanian was named in a CBI charge-sheet in the Rs 14,000 crore PNB fraud case but had continued to be an employee of the bank. She was to superannuate today but has been dismissed from the service. The government has also given permission to the CBI to prosecute Ananthasubramanian and Sanjiv Sharan, former executive director of the PNB

New road to cut travel time between Delhi and Gurugram, likely to open by Diwali
The commuters from Delhi to Gurugram will soon have a new road that will bring down congestion and cut short the travel time. The new road will offer a shorter route for commuters from Dwarka, Najafgar and west Delhi to Gurugram.The new route will connect to Najafgarh-Bijwasan road and is part of Gurugram's Masterplan 2031.

Infosys to invest Rs 100 cr in software development centre in Kolkata, create 1,000 jobs
India's second largest software services firm Infosys has said it will set up a new software development centre in Kolkata with an investment of Rs 100 crore.The centre is expected to provide employment to about 1,000 engineers.The first phase of the project will be completed within 15 months from the date of obtaining all statutory clearances.

India's forex reserve is in a "comfortable range", says a DBS report.
India's forex reserve is in a "comfortable range" and another 5-8 per cent fall will not jeopardise the situation, says a DBS report. According to the global financial services major, a challenging global environment has compelled RBI to intervene aggressively this year to contain rupee depreciation, resulting in significant drawdown in foreign reserves.

Jet Airways to evaluate funding options to meet liquidity needs
Indian carrier Jet Airways has said it is considering various options on priority to meet its funding requirements, reaffirming that its revenue-boosting and cost-cutting measures have started to show results. In a report by Reuters, Jet however ruled out a potential stake sale or plans to monetise its investment in its frequent flier programme, calling media reports on the subject "purely speculative".

No more queues at CNG pumps! IGL to open 50 more stations in Delhi-NCR
In what might come as a big relief to CNG car owners, Indraprastha Gas Limited (IGL) is planning to come up with 50 more CNG pumps across Delhi-NCR. This is likely to be done by February 2019. As mentioned by an official, the new CNG stations are to come up across Delhi, Noida, Greater Noida, Rewari and Ghaziabad.
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