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Zurich Airport to develop India’s largest airport at Jewar

Swiss company Zurich Airport International has outbid Adani group and GMR group-led consortium DIAL to emerge as the highest bidder for the proposed Greenfield international airport at Jewar.

GMR, which runs the Delhi International Airport (DIAL), had the first right of refusal (RoFR) if the difference between its bid and the highest bidder was within 10%. This not being the case, the RoFR clause became redundant.

J&K: Govt employees get Rs 10 lakh accident insurance cover

More than 3.5 lakh employees of Jammu and Kashmir government will get a Rs 10 lakh personal accidental insurance cover with the administration approving a policy proposal on Tuesday.

The government accorded sanction to the implementation of the Group Personal Accidental Insurance Policy through Oriental Insurance Company Limited for a period of three years commencing from December 2, an order issued by the government said.

Tarun Garg appointed as Director – SMS Hyundai Motors

Hyundai Motor India Ltd has announced the appointment of Tarun Garg as Director – Sales, Marketing & Service, Hyundai Motor India Ltd. Tarun Garg brings 25 years of experience in marketing, sales, network development, used car business and has served as executive director - marketing, parts & logistics at Maruti Suzuki India Limited.

IT department processes refunds worth Rs 1.46 lakh cr till November 28

The income-tax department has processed refunds worth Rs 1.46 lakh crore till November 28 this fiscal, a growth of nearly 23% compared with the same period a year ago, tax officials said. This involved 2.1 crore refunds compared with 1.75 crore a year ago.

The department also expedited more refunds during this period with 68% of them being issued within 30 days from e-verification of the IT returns. In the same period last year, 57% of total refunds had been issued within 30 days.

Grofers loss rises to Rs 448 crore in FY 2019

Grofers' loss increased 73.44% year-on-year to Rs 448 crore in the year to March 2019. The Gurugram-based online grocer's total expenses shot up to Rs 531.62 crore in FY19 compared to Rs 311.77 crore in FY18, a rise of 70.51%, according to the company's RoC filings sourced from business intelligence platform Tofler.

United Airlines orders 50 Airbus aircraft

United Airlines said Tuesday it had ordered 50 Airbus A321XLR aircraft, to replace an existing fleet of aging Boeings. The new Airbus planes, which will be delivered in 2024, will allow United to retire its Boeing 757-200s, the company said. The Airbus order is the latest blow to the American manufacturer, already deeply mired in the crisis surrounding its 737 MAX.

Gold prices dip to Rs 39,140

In Delhi, gold price quoted at Rs 39,140 for 10g of 24 karat gold(99.9% purity). Gold prices in Delhi have fallen over 2% in the last one month.

Gold futures prices on MCX for December delivery were down 0.10% at 37,915 per 10 grams. In line with gold, silver prices too dipped marginally, with MCX Silver December futures declining 0.32% lower at 44,200.

GVK Power & Infra post net loss Rs 159 cr in Q2

GVK Power and Infrastructure Ltd's net loss during the quarter ended September 30, widened to Rs 159 crore from Rs 110.6 crore in the second quarter of the last fiscal, the company said

Suzlon Energy's Q2 net loss at Rs 777 cr

Suzlon Energy reported widening of its consolidated net loss to Rs 777.52 crore in the quarter ended September 30, 2019. Its revenue from operations fell to Rs 803.09 crore during the quarter under review as against Rs 1,194.99 crore in the year-ago period.

Sensex slides 336 pts

The S&P BSE Sensex lost 336 points or 0.82 per cent to settle at 40,794 with YES Bank (down 2.50 per cent) being the top loser and Bharti Airtel (up over a per cent) the biggest gainer. During the day, the index hit a low of 40,664.18 levels. Reliance Industries (RIL), ICICI Bank, Hindustan Unilever (HUL), and State Bank of India (SBI) contributed the most to the index's fall. 

Videocon's income declined to Rs 1,062.62 cr in 2019

Videocon Industries, reported a huge loss of Rs 6,760.75 crore for the fiscal ending March 2019 against Rs Rs 5,264.04 crore in the year ago period mainly due to a sharp fall in income. Total income declined to Rs 1,062.62 crore in 2018-19 from Rs 3,423.91 crore in the previous year.

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