Category: Business

One of the world’s most successful budget carriers, Indigo is considering cut-price business class seats as a way into the Europe-Asia market. India’s IndiGo, which currently flies as far as Istanbul, is mapping out an ambitious long-distance network. In an interview in New Delhi last week, Chief Executive Officer Ronojoy Dutta said, the airline aims…

“We will not sell the newly rolled out F-21 fighter jet to any other country if India places an order for 114 planes, in an offer aimed at pitching itself ahead of its US, European and Russian competitors for the mega-deal,” said US aerospace giant Lockheed Martin. Vivek Lall, vice president of Strategy and Business…

The first Apache Guardian attack helicopter was formally handed over to the Indian Air Force at a production facility of Boeing in Arizona on Friday, the Indian Air Force tweeted this morning. India signed a contract for 22 of the Apache Guardian choppers with the US in September 2015. The AH-64E (I) Apache Guardian is…

US famous fast-food chain McDonald’s has recently decided to close 165 of its quick-service restaurants (QSRs) in north as well as east India for  short notice after it declared an out-of-court settlement with its alienated India partner Vikram Bakshi, finishing its nearly six years of spiteful legal encounters. According to the part of the deal,…

Video OTT market in India which mainly includes content streaming services, is expected to be ranked among the top 10 markets internationally with a market size of USD 823 million (almost Rs 5,363 crore) by 2022, an Assocham-PwC joint study said on Thursday. $823 mn: India’s Video OTT market set to grasp in following 3…

Anil Ambani-led RCom is bankrupt; next hearing on May 30: On Thursday, the National Company Law Tribunal disclosed that Anil Ambani-led Reliance Communications (RCom) for bankruptcy as it maintained the company’s appeal to exclude 357 days spent in lawsuit to get the bankruptcy procedure going. RCom, which be indebted more than Rs 50,000 crore to banks,…

The old power structure of world oil markets could be on the verge of a great, potentially far-reaching shift, thanks to India and China. Reports have revealed that the two Asian powerhouses — world’s second and third largest importers of oil — have neared a momentous deal to set up a buyers’ bloc that could…

You all should know that the Employees of Jet Airways aren’t having a very positive time. Reports are coming that the Jet Airways which is already bankrupt is still giving some nightmare to their employees. As you all might know that Jet Airways has been forced to cease all the operations after it ran out…

Airtel, last year, joined hands with Amazon India to offer one year of Amazon Prime membership to its postpaid users. And now, over a year later Airtel is extending the same benefits to its prepaid users. Bharti Airtel, as a part of its Airtel Thanks program, is offering its prepaid users one month of Amazon…

Well, The State Bank of India has released some new rules, and rates for the saving accounts from this financial year. Reports are coming that they have come up with the new interest rates for large savings accounts deposits. Reports are coming that with the balance of over Rs 1 lakh in the saving accounts…

As a result of  the series of economic shocks in the past three years, from the unexpected demonetisation in 2016 to the sales tax introduced in 2017 have dented property-market sentiment and also dried-up developers’ funding. Due to lack of the funds, now buyers of under-construction flats are taking on the functions and the role…

Audi is currently involved in business discussions with Ola, which is a popular platform for ride-hailing in India. A source revealed that Ola has set aside 500 million USD for the new business venture, according to Money Control. The discussions are centered on the launch of a self-drive service with a subscription-based business model. If the deal…