Tag Archives: Business News

Rahul Bhatia’s InterGlobe bankrupt Virgin Australia

[ad_1] NEW DELHI: InterGlobe Enterprises (IGE) is considering Australia’s second largest airline Virgin australia Holdings, which filed for bankruptcy last month amid the coronavirus pandemic. While IGE said it “does not comment on speculation as a rule,” it is known that it is reviewing the tender for Virgin Australia and …

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Government plans to verify China’s FPI flows

[ad_1] NEW DELHI: After direct foreign investment (FDI), the government is trying to stifle rampant access to the Indian market by Chinese portfolio investors as it seeks to fill a possible gap that border investors can use to acquire shares in listed national companies. The economic affairs department of the …

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Domestic flights to green areas are likely to be post-3.0 blocked

[ad_1] NAVI MUMBAI: The central government is considering gradually starting 25% of domestic flights after shutdown 3.0, according to the president of India Airport Authority (AAI), Arvind Singh. “We have prepared standard operating procedures to resume flight operations after closure, “noted the President. ‘The planned flight operations would be from …

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NRIs get tax relief for long stays in India

[ad_1] NEW DELHI: The Ministry of Finance announced on Friday relief for those who have had difficulties with the status of their residence in India under section 6 of the Law on Income Tax, 1961 due to the blockade and suspension of international flights due to the Covid-19 outbreak, as …

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