The Ministry of Home Affairs will "scrupulously" carry out a thorough background check of newly appointed CEO of Air India, Ilker Ayci, a news agency quoted official sources on Sunday. Ayci, who is a Turkish national, was recently appointed as the MD and CEO of the airline by the Tata Group.

People familiar with the development told the news agency that such background checks are carried out for all foreign nationals when they are appointed in the key positions of any Indian company. It will be the same process for the newly appointed CEO and MD too, they added.

However, the process of security clearance will only begin once the home ministry receives any communication on Ayci from either the Tata group or the Civil Aviation Ministry, the nodal ministry.

The domestic passengers arriving to Delhi now have a new arrival terminal, which is set to become operational soon. The new Arrival Terminal of Delhi Airport’s T-1 offers a distinctive experience to flyers. 

Delhi International Airport Limited (DIAL), a GMR Group-led consortium, has built the new state-of-the-art Arrival Terminal as part of Delhi Airport’s Phase 3A Expansion project, the large-scale development and modernization plan for Indira Gandhi International (IGI) Airport. The project will help Delhi Airport to become future-ready. 

HDFC chairman Deepak Parekh has said that an uptick in interest rates, which have bottomed out, will not impact demand and affordability would continue to be stable. However, developers would need to become more efficient to offset the impact of rising building material costs.

Stating that incomes will grow faster than house prices, Parekh said that demand for housing continues to be very strong. This was unlike the West where investment was fuelling demand and inflation in building materials was pushing up prices. “The mortgage-to-GDP ratio in India at 11% is still very low. If one looks at the cohort of those working in sectors like IT, e-commerce, professional services, financial sector, or those working in large companies, or the breed of new age entrepreneurs — income levels certainly have risen,” said Parekh.

The National Stocks Exchange (NSE) on February 16 responded to the Securities Exchange Board of India (SEBI)'s order on governance lapses and said that it is committed to the highest standards of governance and transparency and will extend full co-operation to the regulator for a satisfactory closure of the issue.

"We wish to reiterate that NSE is committed to the highest standards of governance and transparency and will extend full co-operation to the regulator for a satisfactory closure of the issue," the exchange said in a press statement.

The exchange also mentioned that it has operationalised the directives of SEBI on various matters over the years and has taken various measures to further strengthen the control environment, including the technology architecture.

As the Telecom Regulatory Authority of India (Trai) gears up to give its recommendations for the upcoming 5G auction by March-end, there is a clear divide among telecom operators on certain points. The operators on Tuesday submitted their written comments to Trai on some queries raised during the open house discussion on February 8. Though all the operators are unanimous on their demand to cut the reserve price, the divide is clear on some other points.

For instance, Reliance Jio wants all the available spectrum to be auctioned, while Bharti Airtel and Vodafone Idea have proposed that 526-617 MHz not be auctioned in the upcoming sale as there is no ecosystem as of now. The band, however, should be reserved for mobile services.