NBFC crisis slows GDP growth, real estate worst hit

Mumbai: India’s GDP growth slowed to 6.6 per cent in the October-December quarter of 2018-19, the lowest rate in five quarters, primarily due to the stress among the non-banking finance companies (NBFCs). A direct correlation can be seen as many NBFCs have been facing liquidity challenges resulting in slower loan disbursements and eventual fall in […]

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SpiceJet to commence 12 new domestic flight services

New Delhi :  Budget passenger carrier SpiceJet will commence 12 new direct flights on its domestic network, starting March 31, 2019. According to the company, the new services include daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur sectors. “We see immense potential in these sectors and are delighted to introduce these 12 flights on […]