Air India signed a code-share agreement with Hong Kong Airlines Under the code-share agreement, HKA will place its code on direct flights operated by Air India between Hong Kong and three cities including Delhi (DEL), Osaka (KIX) and Seoul (ICN) respectively. HKA passengers will have better access to an expanded network of destinations on Air […]
Reliance Industries said it will spend Rs 4,000 crore to acquire control of Network 18 Media & Investments Ltd, the owner of the CNN IBN channel and sister concerns like CNBC TV18, IBN 7, Firstpost.com etc. The Mukesh Ambani firm will make open offer to acquire shares held by minority shareholders in Network18. The acquisition […]
Air Asia will offer prices as low as 3,999 for some of its international flights when it starts flying from India on June 12, according to its website. According to the website, flights will start from South Indian cities such as Bangalore, Chennai, Kochi and Trichy. The lowest fares are for flights to Kuala Lumpur […]
A day after B Saikumar resigned from his position as CEO of Network18, his second in command, Raman Deep Singh Bawa, has also put in his papers. The reason for his resignation was not clear. Network18 has recently found its business news division underperforming, while its general news division has been doing well. The company […]
BMW India has arranged for a live telecast of the launch of the BMW X5, one of the first luxury SUVs to move from body on frame design to unibody design. Sachin Tendulkar, the cricketer, will unveil the model at Pune. The German carmaker has already launched the 3 GT and M6 models in India […]
Spicejet and holiday website TripFactory.com launched a combined website for booking holidays using SpiceJet’s flights and Tripfactory’s holiday packages. Called mySpiceTrip.com, the site will offer 100,000 holiday packages at up to 80% discount, SpiceJet said. The website will involve proposals and programs from real travel agents. “This is a unique product because the information, expertise, […]
The state government of Madhya Pradesh has assured the National Green Tribunal that they will not fell trees till October in Mahan forests, the site of Mahan coal block, that was given a forest clearance by the central government in March. The move comes as a temporary respite for members of Mahan Sangharsh Samiti, which […]
Flipkart, India’s largest e-commerce platform, said it has raised $210 million (Rs 1,250 crore) from a consortium of investors led by DST Global – one of the leading global investment groups focused on Internet. Existing investors Tiger Global, Naspers, and Iconiq Capital also participated in the financing round, it said. The fund raising comes days […]
Rajinikanth starrer ‘Kochadaiiyaan – The Legend’ seems to be on its way to being a profitable venture for its producer, with opening weekend collection of Rs 42 crore, according to Eros International, distributor of the movie. The film, directed by Soundarya Rajnikanth Ashwin, was produced at a cost of Rs 125 crore. Kochadaiiyaan’s collection is […]
Demand for gold, real estate and other physical forms of savings in India could decline in the coming months due to an expected fall in inflation, Morgan Stanley said. Gold, oil and real estate prices have risen many fold in the last one to two decades. They have risen faster in the last ten years […]
India’s Oil and Natural Gas Corp (ONGC) will drill for oil in the Russian Arctic region in association with Rosneft, the biggest oil company in Russia. The companies will co-operate in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic, ONGC said in a statement. India has been hungry for hydrocarbons […]
Riding on huge expectations from the incoming Modi Government, global investors are gung ho on the Indian economy which is expected to see a doubling of foreign investment inflows- including FDI and FIIs- to above USD 60 billion in the current financial year than about USD 29 billion in the fiscal 2013-14, an ASSOCHAM study […]
Virat Kohli, captain of the Royal Challengers Bangalore and the most popular IPL player on Twitter with more than 3.15 million followers, secured his position at the top for a second week running in the most talked about IPL players,according to a compilation released by a public relations agency. Yuvraj Singh came rushing back into […]
Shipping company Mercator Ltd said it has got shareholder approval to raise $15 mln in foreign currency loans. The company said the approval was given through postal ballot. The debt would be raised in the form of foreign currency convertible bonds or FCCBs. The FCCBs will have a an initial conversion price calculated at 58.5740 […]
Stocks of Indian IT service providers like Tata Consultancy Services, Infosys Ltd, HCL Technologies etc. are near their historic lows in terms of valuation and do not have much more scope for further correction, Edelweiss Financial Services said. “IT stocks have corrected sharply in the past couple of months led by INR appreciation and portfolio […]
UST Global, an information technology solutions and services company for Global 1000 enterprises, said it had acquired Kanchi Technologies, a Milwaukee based award winning engineering solutions company. This acquisition will grow UST Global’s engineering services. Kanchi Technologies has operations in the US, Germany and India, it said. Kanchi Technologies provides end to end product development […]
Etihad Airways has increased the baggage allowance for Indian students travelling abroad. The benefit will be available for Indian students travelling to the US and the UK between 1 June and 30 September 2014 from Mumbai, Delhi, Chennai, Bangalore and Kochi. Etihad Airways flies to Washington, New York, Chicago, London, Frankfurt, Paris, Moscow and other […]
SpiceJet today launched three-day special discounted fare offer on its network for travel originating in 12 cities in Eastern and Northern regions of the country. Fares will be starting as low as Rs. 1,899, along with benefits that include better timings and increased frequency, SpiceJet said. The three-day promotional fare offer stared today and ends […]
SpiceJet said over 10,000 passengers have used its Family & Friends discount offer launched last week. Under the offer four or more passengers (up to a max of 9) can travel together and get a discount up to 25% on the base fare. The sale is applicable only on domestic flights. “We have launched this […]
After fighting it out for a decade, Samsung finally dethroned Nokia in the Indian mobile phone market — rising to number one with a 20.3% market share in the March quarter compared to Nokia’s 17.6%. Micromax came third in terms of shipments. Samsung’s victory was the result of a sharp increase in its sales during […]
