Business news

IndiGo becomes first Asian carrier to receive Airbus A320neo

IndiGo received its first A320neo aircraft after a three-month delay in delivery.

Mar 12, 2016

Investments in Jindal Steel and Power drills a multi-crore loss in Franklin Templetion debt schemes

The investments in JSPL spanning six debt schemes were sold at a loss, said the fund manager on March 10.

Mar 12, 2016

French clothing brand Lacoste's India licence on sale: Report

The existing licence holder, Amit Judge, is planning to end his two-decade tie-up with the brand, reports Mint.

Mar 12, 2016

Credit Suisse to cut 163 jobs in New York

The cuts will be effected through May, the bank said in a regulatory filing on Thursday.

Mar 12, 2016

Apollo Global nears deal to acquire Fresh Market: Reuters sources

The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector.

Mar 12, 2016

AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

While many U.S. companies are interested in the Cuban market, most have been slow to take advantage of the U.S. opening to Havana.

Mar 12, 2016

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Nasa showcases potential new heart pump motor

An animation released by Nasa on social media on 8 March showcases a new piece of technology which could give hope to people born with a missing ventricle. The video shows a heart motor pump that uses flywheel technology produced by Doctor Mark Rodefeld at Nasaâ€™s Glenn Research Center.

Mar 11, 2016

Telcos should ensure call drops don't exceed 2 percent limit, says Supreme Court

Supreme Court orders telecom operators to submit an undertaking that they are complying with regulations apropos call drops.

Mar 11, 2016

Myntra receives Rs 338 crore funding from Flipkart: Report

Myntra is reportedly aiming at sales worth $1 billion in the next financial year.

Mar 11, 2016

ED summons Vijay Mallya

It has also asked Kingfisher CFO, IDBI officials to appear before it in a money-laundering probe

Mar 11, 2016

Diageo-owned United Spirits accelerates plans to sell residential properties: Report

The Indian liquor company's 13 properties spread across the world have a combined value of about Rs 2,900 crore, says ET.

Mar 11, 2016

New York Fed-FX swaps with foreign central banks total $95 million in latest week

The Bank of Japan swapped $10 million with a term of 7 days and a rate of 0.88 percent.

Mar 11, 2016

Euro stands tall after ECB signals end to rate cuts, yen gains

The ECB Thursday rolled out a series of bold easing measures as expected, including an expansion in asset buying.

Mar 11, 2016

US F-35 chief expects savings after Pratt's B-21 bomber win

The U.S. Air Force last week named Pratt, a unit of United Technologies Corp, as the engine maker for the new bomber.

Mar 11, 2016

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Creator of meldonium â€˜quite sureâ€™ other top athletes using it

The Latvian creator of banned drug meldonium said on 10 March that he was quite sure other top athletes are â€“ and should â€“ use it. Latvia expressed sadness over the banning of the drug that has cast a pall over the career of tennis star Maria Sharapova, describing it as one of the most significant accomplishments of the tiny nations scientists.

Mar 10, 2016

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