Companies

Fasten your wallets, aviation fuel price zooms 6%

Aircraft carriers will have additional cost pressures to shoulder from higher turbine fuel prices

Oct 1, 2017

Crossed wires for telecom: IUC cut by the regulator is a flawed antidote

For incumbent operators, the charge which is collected while allowing calls from rival networks to terminate on their users forms 9-15 per cent of their consolidated revenues.

Sep 29, 2017

IUC: Trai opposes urgent relief for Idea, Airtel over IUC

Airtel and Idea had on Thursday challenged Trai's decision to slash IUC rate in the Bombay High court

Sep 29, 2017

Theresa May bitterly disappointed with Bombardier tariff decision

U.K. Prime Minister Theresa May says she is and amp;#39;bitterly disappointed and amp;#39; at the U.S decision to impose a 210% tariff on Canadian plane maker Bombardier.The wings for Bombardier C series planes are made in Northern Ireland. This ruling could threaten over 4000 jobs.Theresa May and amp;#39;s minority conservative government also relies on the Northern Irish DUP party to stay in power.The Prime Minister has personally asked U.S. President Donald Trump to help find a solution.

Sep 28, 2017

Dramatic footage shows shootout with Sacramento police results in suspect killed

Police video footage released this week shows a homicide suspect being shot and killed in Sacramento, California on the Sept. 7, 2017. The suspect who was wanted in connection with a fire that killed two people gets out his car and stars firing at the police officers. Five officers returned fire and killed the suspect. Two police officers sustained injuries.

Sep 28, 2017

China unveils worlds first commercial amphibious drone

The U650 drone is about 20 feet long, weighs about 750kg, and has a range of over 2,000km at 180kmh. It can carry a range of cargo from cameras and survey instruments, to medical supplies and even small ordnance.

Sep 28, 2017

High-level exits: Infosys senior VP and head of technology Navin Budhiraja quits

Budhiraja's exit can impact the company's ambitious plans to monetize and scale up business from its artificial intelligence-powered platform, Infosys Nia.

Sep 27, 2017

Anil Ambani flags 'creative destruction' of telecom sector

Sector under stress, and banks are not lending he says, pointing out that many operators have seen value erosion and large losses over the past year.

Sep 26, 2017

Buying an iPhone 8? Here are some offers you should look at

Citibank and Jio, and online retailers Flipkart and Amazon have lined up impressive exchange and buyback deals.

Sep 26, 2017

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Air India taps Rs 6,000 crore loan amid disinvestment plans

The airline is facing cash deficit and the loans from the government will offer some short-term relief and meet the immediate capital requirements.

Sep 26, 2017

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Some ghee in your decaf? Creative usage by overseas customers boost Indian brands

E-commerce platforms like Amazon sell ghee to US consumers who use ghee mostly to make "bullet-proof coffee".

Sep 26, 2017

Infosys Foundation to set up Rs 5-crore R&D war-chest for IISc

The funds will be used in research, training and creating awareness about infectious diseases that will also benefit 25 faculty members and 250 students of the institute.

Sep 25, 2017

After SBI and Vijaya Bank, Bank of India to raise Rs 500 crore via QIP

State-owned lenders are reeling under bad loans in the region of Rs 10 lakh crore, and banks are in dire need of capital infusion to continue operations.

Sep 25, 2017

Another 2 lakh directors disqualified for holding posts in defaulting companies

These directors will not be allowed to hold seats in other companies and might have to resign from their posts soon in the future.

Sep 25, 2017

Air India disinvestment facing headwinds, failing to attract buyers

Another reason why investors are not showing much interest in buying the state-owned carrier is because of the company's large debt of more than Rs 52,000 crore.

Sep 25, 2017