Automotive dealer fraternity in India has sought higher margins of at least 7 per cent from companies. India's aviation industry faces uncertainty in air traffic recovery timeline in the wake of subdued demand for leisure by risk-averse passengers and likely decline in disposable income in the hands of consumers. Karnataka records the slowest growth in revenue receipts in 11 years as it grew by 5.8 per cent to Rs 1.75 lakh crore in FY20. Read for more top stories from the world of business and economy:

This will be applicable for NPAs (non-performing assets) after March 25, with a provision to extend up to one year.

"Automobile dealers in India operate on the lowest margins possible as compared to peers globally," said Ashish Harshraj Kale, President, FADA.

India's aviation industry faces uncertainty in the air traffic recovery timeline in the wake of subdued demand for leisure (especially international) by risk-averse passengers and likely decline in disposable income in the hands of consumers.

Karnataka's tax revenues fell short of Rs 8,943 crore from the budgeted target of Rs 1,41,551 crore in 2019/20. Around 99.9 per cent of the targeted amount was collected by the state government in 2018/19.

Upon arrival, Mallya will be produced before a court, where the Central Bureau of Investigation and Enforcement Directorate will seek his custody.