Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc – which is also contending with rising hurdles in its commercial-jet business – have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough to halt declines in aircraft values, say consultants, brokers and analysts in the $18 billion industry.
Around the Globe
Around the Globe
British Prime Minister Theresa May told the European Union on Monday the “ball is in their court” in Brexit talks, trying to advance negotiations despite a party conference that left her weaker than ever.
May’s keynote speech at last week’s conference, meant to revive her premiership, was marred by a repetitive cough, a prankster handing her a bogus employment termination notice and a stage malfunction. That came after May called a snap election in June and lost her party its majority in parliament.
The Supreme Court today asked the Central Bureau of Investigation and the Enforcement Directorate to expedite probe in the coal allocation scam cases, saying they should devise some method to deal with them.
The government today asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.
"An extension of two months has already been given. There will be no further extension given to taxpayers for filing their GSTR-1 return for July.
"Taxpayers who have not yet filed their GSTR-1 for July are advised to do so immediately," the finance ministry said in a statement.
Once a taxpayer files GSTR-1 by October 10, the corresponding entries in GSTR-2A of his buyer shall get auto populated.
The Supreme Court today ruled out setting up of a separate Special Investigation Team to probe the alleged revelation of offshore accounts of Indians in Panama papers leak, saying the multi-agency group set up by the government was already looking into the matter.
) Country's largest private sector lender ICICI Bank today committed a financial assistance of Rs 10 crore to the Indian Armed Forces.
The fund will be utilised towards welfare activities and betterment of the families of ex-servicemen who have lost their lives guarding the nation, ICICI Bank Managing Director and CEO Chanda Kochhar said in a statement.
The contribution would be made in two equal tranches by the bank as part of its Corporate Social Responsibility (CSR) initiative.
The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioural economics.
Prime Minister Narendra Modi said today that the status of the energy sector in India was highly uneven and the scope for reform in many areas still exists.
China today referred to the 1890 UK-China treaty which it claims demarcated the Sikkim sector of the Sino-Indian border as it urged New Delhi to abide by its provisions, a day after Defence Minister Nirmala Sitharaman made her maiden visit to the Nathu La post.
Reacting to Sitharaman's visit to the area, the Chinese foreign ministry today said "the Sikkim section of the China- India border has been demarcated by the historical boundary".
Bangladesh’s Prime Minister Sheikh Hasina said Saturday that her government would continue to support nearly 1 million Rohingya Muslims who have fled neighbouring Myanmar to escape violence.
Hasina said the government was pursuing a plan to build temporary shelters for the Rohingya on an island with the help of international aid agencies whom she praised for their support.
She made the statement at Dhaka airport on her return from New York after attending the U.N. General Assembly session. The U.N. has described the violence in Myanmar as “ethnic cleansing.”