The coronavirus-induced suspension of scheduled international passenger flights has been extended till January 31, aviation regulator DGCA said on Wednesday. "However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis," the Directorate General of Civil Aviation added. Scheduled international passenger services have been suspended in India since March 23 due to the coronavirus pandemic. Read more
The latest affordability index of Knight Frank India on Wednesday cited Ahmedabad as the most affordable housing
market in the country with an affordability ratio of 24 per cent followed by Pune and Chennai at 26 per cent each this year. Knight Frank's proprietary affordability index, which tracks the equated monthly installment (EMI) to income ratio for an average household, shows meaningful improvement in affordability over the last decade. Read more
South Korean prosecutors on Wednesday requested a nine-year prison term for Samsung's de facto chief, Lee Jae-yong, during a retrial of his bribery charges. The case is a key element in an explosive 2016 scandal that triggered months of public protests and toppled the country's president. The development comes as Lee faces immense pressure to navigate Samsung's transition after his father and Samsung Electronics Chairman Lee Kun-Hee died in October at age 78 after years of hospitalisation. Read more
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