35 airports don't have night landing facility:

 Govt tells Lok Sabha Airlines have to apply to the Airports Authority of India to facilitate night landing facility in a particular airport and then process of offering the convenience starts As many as 35 functional airports in the country do not have night landing facility, Civil Aviation Minister Ashok Gajapati Raju said today. Airlines have to apply to the Airports Authority of India to facilitate night landing facility in a particular airport and then process of offering the convenience starts "There are 47 licenced landing airports in the country while 35 are yet to apply for it," he said during Question Hour in the Lok Sabha.

Pepsi pulls Kendall Jenner ad after social media backlash 

The ad, released late on Tuesday, shows the fashion celebrity and reality TV star in a photo shoot when she sees protesters marching. Removing her wig and makeup, Jenner joins the crowd and hands a baseball cap-wearing police officer a can of Pepsi, prompting him to smile while marchers cheer and hug. PepsiCo pulled a commercial featuring model Kendall Jenner after the ad prompted outrage and ridicule from those who said it trivialized rights protests and public unrest in the United States. The ad, released late on Tuesday, shows the fashion celebrity and reality TV star in a photo shoot when she sees protesters marching. Removing her wig and makeup, Jenner joins the crowd and hands a baseball cap-wearing police officer a can of Pepsi, prompting him to smile while marchers cheer and hug. "Pepsi was trying to project a global message of unity, peace and understanding," the company said in a statement. "Clearly we missed the mark, and we apologise.

Aditya Birla Nuvo up 3% on payments bank license; 

AB Money jumps 20% on heavy volumes Industrialist Kumar Mangalam Birla-owned Aditya Birla Nuvo and Idea Cellular own 51 percent and 49 percent stake in payments bank, respectively. Idea Cellular own 51 percent and 49 percent stake in payments bank, respectively. "The Reserve Bank of India vide its letter dated April 3, has granted license to Aditya Birla Idea Payments Bank to carry on the business of payments bank in India," Aditya Birla Nuvo said in its BSE filing. Aditya Birla Nuvo is a holding company for the group's businesses like telecom, textile, insurance, financial services while Aditya Birla Money provides stock broking, wealth management, online management and corporate treasury services.

Titan glitters on Dalal Street as management hints at strong performance in Q4

 The Tata Group firm told the exchanges that consumer sentiment and demand had recovered in the March quarter and sales traction was seen across all divisions Consumer sentiment as well as demand scenario have recovered "quite significantly" in the January-March quarter, the Tata group firm said. The company witnessed sales traction during the period across all divisions, including jewellery, watches and eyewear, and is expecting a good year ahead. "Consumer sentiment as well as demand scenario recovered quite significantly (post demonetisation) by the beginning of the fourth quarter of 2016-17 and sales were good for all divisions by varying degrees," the company said in a filing to the exchanges  the company's management also elaborated on cash transactions.

Demonetisation redux? With ATMs running dry, cash crunch hits parts of country

 Even today many states are facing a severe cash crunch as many ATMs are not dispensing cash and not enough currency notes available. Nearly five months have passed since Prime Minister Narendra Modi announced the historic demonetisation move and after a gradual pickup in the cash in circulation in the economy, it seems a liquidity crunch again seems to be taking hold in some parts of the country. Anecdotal reports from many states suggests that due to a combination of factors, people have been struggling to obtain adequate cash from either ATMs or bank accounts. The worst hit seem Andhra Pradesh and Telangana where many ATMs have run dry. People in Hyderabad have been left stranded as several ATMs across the country displayed a no-cash board a State Bank of India official said that the supply of currency from RBI was far less than the demand. RBI has been supplying Rs 50 crore daily, whereas the demand was Rs 250 crore 

Unitech MD arrested for allegedly duping investors 

"The accused, Ajay Chandra and Sanjya Chandra of Unitech, have been arrested for not developing a project, Anthea Floors, at Gurugram," a police officer said. Unitech MD arrested for allegedly duping investors" Delhi Police's Economic Offences Wing has arrested the Managing Director of and another person for allegedly not developing a project despite receiving funds from investors, police said. "The accused, Ajay Chandra and Sanjya Chandra of Unitech, have been arrested for not developing a project, Anthea Floors, at Gurugram," a police officer said "Ninety-one people have invested Rs 35 crore in the project. The probe into the case is being monitored by a trial court," the officer said. It is learnt that the investors had also approached the Delhi High Court in this regard 

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Arun Jaitley says India will grow at 7.2% in 2017 and 7.7% in 2018

 Finance Minister Arun Jaitley also said India would require USD 646 billion in next five years for modernising its infrastructure - from highways to urban infrastructure. India will grow at 7.2 percent this year and 7.7 percent in 2018, Finance Minister Arun Jaitley said on Saturday, striking a bullish note about the economy’s ability to quickly gather pace in the coming months. However, he cautioned that emerging markets face new challenges from growing protectionism and geopolitical tension. “Indian economy is expected to grow at 7.2 percent in 2017 and at the rate of 7.7 percent in 2018,” Jaitley said that at the second annual meeting of the New Development Bank (NDB), popularly called the BRICS Bank, in New Delhi. Jaitley also said India would require USD 646 billion in next five years for modernising its infrastructure—from highways to urban infrastructure.