Reports: Tata in active talks to buy majority stake in Jet Airways

Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier. Tata is very interested in Jet but it is not at a stage of conducting due diligence or looking through […]

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Estonian joint venture for e-governance set up by Mukesh Ambani

Tallinn/Mumbai: Industrialist Mukesh Ambani is keen on the e-governance space and has set up a subsidiary company in Estonia to get a grip on the solutions, government officials of the Northwestern European nation have said. Ambani has formed a subsidiary with the Estonian government’s former chief information officer Taavi Kotka. The joint venture will be looking […]

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Reliance via blockchain receives India’s first LC payment

Mumbai: In a first for India, HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals, RIL said in a press release. “The use of blockchain offers significant […]

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Paytm Founder Breaks Silence on Extortion Case, As Accused’s Family Claims Professional Rivalry

NEW DELHI: The recent extortion episode involving Paytm Vice-President of Communication, Sonia Dhawan breaking his silence on the episode, the Paytm founder has said that truth will come out soon. “I’m stunned and want to figure out the truth. I have always believed her (Sonia Dhawan, his secretary and one of the accused). It is possible […]

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Fuel price: Petrol costs Rs 84/litre in Delhi, Rs 91.34/litre in Mumbai

A day after it remain unchanged, fuel prices Thursday hit a new high as petrol rates increased by Rs 0.15 per liter and diesel rates increased by Rs 0.20 per liter in the national capital. While petrol is being sold at Rs 84 per liter, diesel is being sold at Rs 75.45 per liter. In Mumbai, […]

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We will not let IL&FS collapse, says LIC

State-run Life Insurance Corp of India (LIC), the largest shareholder in debt-laden Infrastructure Leasing & Financial Services (IL&FS), on Tuesday said that the infrastructure company will not be allowed to collapse and that all options were on the table towards that objective. “We will all try to see that it does not collapse,” LIC chairman […]

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Rahul Gandhi indulging in low level politics: Smriti Irani

SURAT: A day after Congress president Rahul Gandhi launched a no-holds barred attack on Prime Minister Narendra Modi, Union Textiles Minister Smriti Irani on Friday said he was indulging in low level politics. On Thursday, Gandhi had said at a public meeting in Rajasthan’s Dungarpur district that people are now heard saying the country’s “watchman”, an […]

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Indian rupee erases morning gains, trades around 72.10 per dollar

Volatile trade continued on the Indian rupee as it erased morning gains and trading around 72 level on Friday. It is trading higher by 27 paise at 72.10 per dollar. In remained in the range of 71.75-72.46 during the day after it opened higher by 52 paise at 71.85 per dollar. The dollar-rupee September contract […]

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iPhone XS, iPhone XS Max India Pre-Orders Begin on Flipkart, Airtel Store, Jio.com

Apple announced its three new iPhone models last week, and now pre-orders have effectively begun for the two flagships in India. Apart from 5,000+ retail outlets, the iPhone XS and iPhone XS Max are up for pre-orders on Flipkart. Even the Airtel Online Store has the two premium variants phones up for pre-order, as does the official Jio online store. Flipkart has listed exchange […]

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