Top headlines: Air India returns to Tatas; PMC Bank resolution moves ahead

Government seeks India-specific standards for 5G spectrum in telecom. More on that story in our top headlines.

Air India's handover has come as a culmination of the government’s attempt to transfer the ownership of the loss-making airline to a private owner. More on that in our top headlines this morning.

Maharaja set for take-off: Tatas get control of Air India, after 7 decades 

The Tata Group on Thursday regained ownership of Air India, 69 years after the airline was nationalised. The salt-to-software conglomerate promised to turn the loss-making carrier into a world-class airline. Read more

India's high foreign exchange reserves not enough to shield rupee 

With crude oil touching $90 a barrel in international markets,