Business

The earlier peak was 314 billion. The achievement comes against the backdrop of a very challenging global environment, Union Commerce Secretary Anup Wadhawan.

Swedish telecom gear maker Ericsson had filed the first petition before National Company Law Tribunal to invoke insolvency proceedings against RCom. The NCLT on the request of RCom had granted it time to clear dues to avoid insolvency proceedings.

This will ensure faster financial inclusion of people who still continue to be outside of formal banking system and have no credit history.

The defence budget, although increasing in terms of total volume, has been declining for past four years as a percentage share of the total union budget.

The market sentiment was bullish even as the government overshot the fiscal deficit target for the current financial year and announced some populist measures, which experts believe will increase fiscal burden on the exchequer.

Doubling the threshold exemption limit will increase the burden on the exchequer by Rs 18,500 crore.

In December 2018, the government had announced new regulations - under Press Note 2 - that would bar online marketplaces with foreign investments from selling products of the companies where they hold stakes and ban exclusive marketing arrangements.

The Telecom Regulatory Authority of India (Trai) Chairman R S Sharma said that there are huge opportunity in building data networks and need to look at alternate way of connecting people.

In a message to the staff, IndiGo's new CEO Ronojoy Dutta said that IndiGo is playing a critical part in nation building by "building highways in the sky".

In similar movement, the broader NSE Nifty ended 69.25 points, or 0.64 per cent, down at 10,780.55, after shuttling between 10,931.70 and 10,756.45.

Ending months of speculation over who will succeed Rana Kapoor, Yes Bank on Thursday named Gill as the next managing director and chief executive.

Dollar's weakness against some currencies overseas and early gains in domestic equity market supported the rupee.

The 30-share index gained 28.27 points, or 0.08 per cent, at 36,136.74 after rising to 36,1789.36 at the outset. It also slipped below the 36,000-mark to touch a low of 35,996.68 in early trade.

IndiGo last year said fares were down in part because rivals were not charging the usual premium for last-minute bookings.

As per the document, Air India will offer a one-stop shop for holiday packages, which would cover flights, hotels, transport and sightseeing options.

In a bid to appease farmers before the Lok Sabha election and address the farm distress, many state governments have announced farm loan waivers.