Daily Archives: February 6, 2019

Flyers to take big hit as Jet revises refund rules

Under the new regime, the penalty for a cancellation ranges between Rs 2,300 and Rs 4,600 depending on the cost of the ticket, and if the cancellation or change is done with seven days before or after departure. The fee for a change of ticket will range between Rs 1,500 and Rs 4,300.

Builders in top 8 cities owe lenders Rs 4 lakh crore: Report

Builders in the top 8 Indian cities owe banks and NBFCs Rs 4 lakh cr even as their total sales each year are worth just Rs 2.47 lakh cr. It is expected to take seven years to clear the outstanding amount based on the current rate of earnings per year. The annual EMI on this total loan is itself Rs 1.28 lakh cr.

Concerned about constant e-policy changes by govt, says Binny Bansal

Bansal’s comments come after the department for promotion of industry and internal trade (DPIIT) updated the foreign direct investment (FDI) policy for the online retail industry in late December, which caught the industry by surprise. It went into effect on February 1 and was an amendment to the policy on online marketplaces first released in March 2016.

Indian start-up Oyo to enter US market

After recently closing $1 billion fund-raise by SoftBank, Oyo has stepped on the gas in terms of expansion on foreign soil. Besides, the new market of US, it is also present in the UK, Indonesia, Nepal, and Sri Lanka among others.

Linking PAN with Aadhaar mandatory for filing I-T returns: SC

The court’s order came on an appeal filed by the Centre against a Delhi high court ruling allowing Shreya Sen and Jayshree Satpute to file income tax returns for assessment year 2018-19 (financial year 2017-18) without linking their Aadhaar and PAN. There were some other individuals too who had been given relief last year.

Big sports events today

Here are the big sports events lined up for Thursday (February 7) that comprise action from Ranji Trophy final (Vidarbha vs Saurashtra) and English Premier League.

Marin’s injury won’t make my road easier in All England: PV Sindhu

Star shuttler PV Sindhu ended 2018 on a high with a victory in the World Tour Finals. The 23-year-old is perfectly placed to make a mark at the All England championships which starts on March 6.

US says it won’t cede leadership of IS fight despite pullout

Ravi Shastri mulls sending Virat Kohli at No 4 in World Cup

India coach Ravi Shastri is mulling to send skipper Virat Kohli to bat at No 4 to protect him in bowling-friendly conditions during the World Cup in England.

Malaika-Arjun step out for a dinner date

Last night, Arjun Kapoor and Malaika Arora partied hard with Gauri Khan, Karisma Kapoor, Amrita Arora and Natasha Poonawala. Mrs Khan even posted a few pictures from the bash on her Instagram.