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US warns airliners flying in Persian Gulf amid Iran tensions

DUBAI: US diplomats warned on Saturday that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid heightened tensions between the US and Iran. The warning relayed by US diplomatic posts from the federal aviation administration underlined the risks the current tensions pose to a …

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IOC Q4 net profit rises 17% to ₹6,099 crore

NEW DELHI: India’s largest oil refiner and fuel retailer Indian Oil Corporation (IOC) on Friday posted a 17% rise in its fourth quarter net profit as inventory and forex gains made up for lower refinery margins. Net profit stood at Rs 6,099 crore, or Rs 6.5 per share, against Rs …

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Why are low-cost airlines flying business class?

NEW DELHI: Low-cost carrier SpiceJet entered the full-service segment offering business class tickets this month becoming the second budget carrier to do so after GoAir. IndiGo is planning to introduce business class on its long-haul flights. So, what’s getting no-frills airlines to upgrade? Jet’s out of business The grounding of …

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Corp Bank Q4 loss jumps to Rs 6581.5 crore

MANGALURU: Corporation Bank on Friday announced a loss of Rs 6581.5 crore in the fourth quarter of last fiscal as against a loss of Rs 1838.4 crore in the same quarter for the previous fiscal (17-18). At the same time, the bank’s operating profit before provisions and contingencies for the …

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Donald Trump’s immigration plan may benefit Indians

WASHINGTON: In yet another shot at immigration reform that eluded both his democratic and republican predecessors, US President Donald Trump on Thursday unveiled proposals that favours merit and skill-based immigration while reducing the current emphasis on family-based immigration. For India, the proposed changes, which have to meet legislative approval to …

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