Sensex ends higher; budget awaited
Indian shares ended higher on Monday as bargain-hunting lifted recently hit stocks, though sentiment remained cautious ahead of the federal budget next week.
NEW DELHI All but two major airlines in India have defaulted on paying airport charges, Civil Aviation Minister Ajit Singh said on Wednesday. IndiGo, the only profitable airline in the country, and privately-held GoAir have not defaulted on airport payments, Singh told lawmakers in a written reply.
The government has initiated legal action against Kingfisher Airlines (KING.NS) "towards dishonour of the cheques submitted" by the carrier, while Jet Airways (JET.NS) and Spicejet (SPJT.BO) have been served notices on overdues, Singh said.
(Reporting by Anurag Kotoky; editing by Malini Menon)
ZURICH Swiss Re has obtained regulatory approval to open a branch in India, the world's second largest reinsurer said on Monday, part of the Swiss company's growth aspirations in the world's second most populous country.
The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing.