The investment will be used for expansion and investments in latest technology, the management said. Currently, DAHCL has 76 hospitals in 10 states and African nations. It is planning to add another 75 eye hospitals in three phases. In the next 15 months, it will add 25 hospitals, followed by another 25 each in three years and five years, respectively.

Going forward, IndiGo has decided to curtail its schedule for the remaining period of February by approximately 30 flights a day. As a proactive measure, IndiGo has decided to continue its curtailment until the end of March, the airline said in a statement. 

The letter was sent late on Tuesday, JSW Steel has to review the approved resolution plan sent along with the letter before accepting the offer. With this development, JSW Steel is closer to acquiring Bhushan Power, provided there is no arbitrary insertion of clauses by the IRP or the stressed company’s Committee of Creditors (CoC).

The global average growth in domestic traffic was 7 per cent, the same was recorded in 2017. India’s growth of 18.6 per cent was followed by China (11.7 per cent), Russia (9 per cent) and the US (5.1 per cent), said a report by the global aviation body IATA.

An increase of 34 per cent in crude oil prices and 11 per cent depreciation of the rupee against the dollar led to a rise in cost by Rs. 329 crore but the airline said it was able to offset some of this by an 8 per cent increase in yield or revenue per passenger per mile.

For FY21, however, their view is unequivocally for a temporary drop in volume forced by an 8-10 per cent increase in prices across market segments due to the BSVI roll out. The catalyst could be tax cuts and/or a practical scrappage policy by the Government.

Cipla’s Tadalafil Tablets 20mg is AB-rated generic therapeutic equivalent version of Eli Lilly’s Adcirca. It is a phosphodiesterase 5 (PDE5) inhibitor indicated for the treatment of pulmonary arterial hypertension (PAH) to improve exercise ability.

A sum of Rs. 27,330 crore i.e. Rs. 13,140 crore in FY17 and Rs. 14,190 crore in FY18 was kept aside by the RBI for the contingency fund.

The rating agency, which in November placed Airtel’s rating under review for downgrade, has downgraded the company’s rating from Baa3 to Ba1, which is a non-investment grade rating. It added that the ratings outlook was negative.

FMCG industry is expected to grow between 11 and 12 per cent in 2019, stated a study by market research firm Nielsen. This growth rate is a little lower than the 13.8 per cent growth attained in 2018.