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The non-performing assets (NPAs) or bad loans of the banking sector soared from 0.97 per cent to 1.28 per cent in the financial year of 2011-12, according to the newly published RBI report.

It its latest report, titled "The Profile of Banks: 2011-12," the central bank said that high interest rates and slowdown in the economy pushed the banking sector's NPAs drastically up.

Vijay Mallya-promoted Kingfisher Airlines will resume operations before this weekend; the beleaguered carrier's chief assured the aviation regulator.

Kingfisher Chief Executive Sanjay Agarwal held a meeting with the Director General of Civil Aviation (DGCA) yesterday and assured the regulator that the carrier would restart operations by Friday.

In an attempt to alleviate concerns over the carrier's future, Mr. Agarwal said, "We will take a call on resumption of services on the October 4."

Gujarat Chief Minister Narendra Modi has hit back at the central government asking the Prime Minister Manmohan Singh to provide details about the expenditure on UPA chairperson Sonia Gandhi's foreign trips.

The congress party is demanding an apology from the Mr. Modi for his earlier comments that Rs 1880 crore was spent from the public money for funding foreign trips of Mrs. Gandhi. However, Mr. Modi remained defiant and asked Congress to provide details to prove him wrong before it demands as apology.

According to a new survey, more than half of the working women in the UK admit that they judge their female colleagues on the basis of their clothing choices for workplace.

The survey conducted by Head of Brother UK Marketing and Communications also found that women in the UK spend 18 per cent of their salary for buying working cloths. A forth of the women who took the survey said that they changed their clothing style at work to compete with colleagues.

India's leading telecom service provider, Bharti Airtel has filed a law suit in the Delhi High Court challenging a notice on agreements between companies for roaming for 3G services.

The Department of Telecom (DoT) has sent a show cause notice to the telecom company for 3G roaming agreements in the country. The notice asks Bharti Airtel to stop providing 3G services in seven circles, where it does not have license to provide 3G services but is using agreements with other teleocm players to offer services to its customers.

Taiwanese smartphone maker, HTC has announced a new version of its HTC One X smartphone called, the HTC One X+.

The device will be launched with the latest version of Google operating system, Jelly Bean or Android 4.1. The new model is a refreshed version of the original X, which was launched in April by the company.