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"If Pak Has Closed Airspace, It's Their Problem": Air Force Chief

Monday, June 24, 2019, 3:02 PM

Air Chief Marshal BS Dhanoa said that Pakistan closing its airspace is a problem for them and the IAF never stopped the civil air traffic in the country. "They (Pakistan) have closed their airspace that is their problem. Our economy is vibrant and air-traffic is a very important part. You have noticed that the Air Force has never stopped our civil air-traffic," he said.
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Binny Bansal sells Rs.531 crore Flipkart shares to Walmart

Monday, June 24, 2019, 2:54 PM

Flipkart Co-founder Binny Bansal has sold around 5.4 lakh of his equity shares valued at $76 million (around Rs.531 crore) to Walmart's Luxembourg entity FIT Holdings SARL, according to Paper.vc. He sold a part of his minority holding and kept 3.85% stake when Walmart bought Flipkart for $16 billion in 2018. The latest deal reduces Binny's Flipkart stake to 3.52%.
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RBI Panel Defers Reserves Report For Fourth Time: Report

Monday, June 24, 2019, 2:45 PM

A Reserve Bank of India (RBI) panel deciding on guidelines for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday. The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April, delayed it for the fourth time due to lack of consensus.

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