Jet Airways has announced a Republic Day sale of air tickets, starting at Rs 999 on certain sectors. The special fares are applicable on tickets booked between January 25 to 29 for select domestic routes and until January 27, 2017 for international travel from India on Jet Airways’ direct flights to London, Amsterdam, Paris and […]
Weeks after acquiring Appirio, Wipro is at it again. This time, it is buying InfoSERVER, an IT services provider focused on the Brazilian market, for $8.7 Mn (Rs 60 cr). Two-decade old InfoSERVER provides custom application development and software deployment services, the company said. It counts some of the largest Brazilian banks as its clients, […]
Wipro Ltd has reported poor third quarter results. The highlights are as follows. Gross Revenues were 136.9 billion ($2 billion), an increase of 6.4% YoY. Net Income was 21.1 billion, a decrease of 5.7% year on year. Both numbers are below market expectations. The outlook is for a growth of 1-2% in revenue, which is […]
Idea Cellular has put off the trimonthly meeting of its board of directors scheduled to take place tomorrow, raising speculation that it may soon announce a merger or deal with Vodafone India. The meeting was supposed to take on-board results of the telecom operators’ working the three months from October to December. After the meeting, Idea […]
Navjot Singh Siddhu, the cricketer turned politician and a vehement critic of the Indian National Congress for several years, justified his decision to join the party saying that no party, by itself, is good or bad. “No party is good or bad. The same party can be run by bad people, the same party can […]
InterGlobe-owned Indigo turned out to be the big winner in Indian aviation sector in 2016, increasing its domination of the Indian skies relentlessly through the year. It was a good year for Indian aviation as low fuel prices kept fares affordable, leading to a 23% jump in total passengers to 99.9 million; almost 10 cr […]
Former Supreme Court judge and a keen observer of Indian politics, Markandey Katju has predicted a win for the Samajwadi Party led by Akhilesh Yadav in the upcoming Uttar Pradesh Assembly elections. BJP, which is seen as a strong contender by many, would be negatively impacted due to the impact of demonetization and the clean […]
The Supreme Court has today agreed to hear a petition that seeks to ban anyone who has been charge-sheeted in a criminal case from contesting elections in India. BJP leader Ashwini Upadhyay, who is among one of the most prolific filers of public interest litigation in India, is among those who had filed such petitions […]
Godrej Properties said it has sold over 300 out of the 400 apartments put up for sale at its Godrej Greens project in Pune. The sale comes in the backdrop of a slow real estate market complicated by a recent crackdown on ‘black money’ or tax evasion. The crack down was widely seen as throwing […]
Bahujan Samaj Party has allocated the highest block of candidacies for the upcoming elections to the Uttar Pradesh Legislative Assembly to upper caste Hindus, followed by Muslims. Announcing the details, party supremo Mayawati said a total of 113 seats — amounting to 28% of the total 403 seats — have been given to candidates belonging […]
Bahujan Samaj Party leader Kumari Mayawati has warned Muslim voters in Uttar Pradesh against continuing to vote for Samajwadi Party, claiming that the current fight between SP leader Mulayam Singh and his son Akhilesh would split their votes in two. “I urge you not to let your vote get divided between Akhilesh and Mulayalam groups. […]
Sreeja Neyyattinkara, one of the state secretaries of Welfare Party in Kerala, has set off a storm among Dalit and Minority activist circles in Kerala by heavily criticizing some orthodox practices among the Muslims of the state. The criticism has come as a surprise as the Welfare Party is largely comprised of Muslim supporters and activists, and […]
Tata Steel Limited said that it has executed definitive agreements to acquire 100% equity shares of Brahmani River Pellets Limited (BRPL) from Aryan Mining and Trading Corpn Private Limited (AMTC) and other companies in the Moorgate Industries Group (MIG). The transaction is based on an enterprise value of Rs. 900 crores plus closing adjustments and […]
BSNL has introduced a free e-mail service for its broadband users based on its डाटावन.भारत domain name. As a result, it is possible for a customer to now have an complete email address in Hindi. “It’s now possible in every part of India to have an email address in their own language and communicate in […]
Sand miner Shekar Reddy has been arrested, two weeks after the seizure of crores of rupees and gold in an income tax raid. The arrest has come hours after Income Tax officials conducted a raid on Tamil Nadu’s top bureaucrat chief secretary P Rama Mohana Rao at his home. It was speculated that Rao’s home […]
The National Eligibility cum Entrance Test medical entrance test for academic year 2017-18 will be conducted in eight languages, the government of India said. The decision was taken by the government after consultations with State Governments. The eight languages are Hindi, English, Gujarati, Marathi, Bengali, Assamese, Telugu and Tamil. The language will not impact the […]
What India needs are more buses and better public transport and not more cars, said Union Minister of State for Road Transport, Highways & Shipping, Mansukh L Mandaviya. Tata Motors introduced its Nano car within a price bracket of Rs 1.5 lakhs-2 lakhs for middle class buyers. But low-cost cars merely add to the traffic […]
The Reserve Bank of India has responded to widespread criticism of its directive to collect ‘explanations’ from those depositing more than Rs 5000 by clarifying that this directive will not apply to bank accounts with proper documentation. “On a review of the above, we advise that the provisions of the above circular at sub para […]
The Union Cabinet has approved an ordinance that empowers all employers to pay their salaries via banks unless the salary is less than Rs 18,000. This has been done to promote cashless economy, and to bring more and more of the economy into the formal sector. Salary can now have to be routed through electonic payments […]
The government of India has started conducting inspections at drug manufacturing units across the country to prevent the production of low-quality drugs and medicines in India. Typically, inspections are conducted by state authorities, while central agencies largely confine themselves to checking quality of final products put up on store shelves. However, in the last few […]
