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India a great destination for building digital economy infrastructure: Payoneer CEO Scott Galit

India is seen as one of the top markets for digital economy as it is ranked fourth in terms of active Internet-users across the world. Feb 15, 2017
intellect design arena, intellect design share price, intellect design arena news, rekha jhunjhunwala sells, rakesh jhunjhunwala intellect design arena, bse sensex, nse nifty

Rakesh, Rekha Jhunjhunwala sell 4.2 million shares of Intellect Design Arena

Intellect Design Arena shares close almost 10 percent lower on Wednesday in response to bulk sale by Rakesh Jhunjhunwala and his wife Rekha. Feb 15, 2017
zoom air, indian civil aviation market, dgca, zoom air destinations, zoom air management, zoom air ceo, zoo air fare

Zoom Air begins commercial operations

Promoted by Zexus Air Services, Zoom Air is the new kid on India's civil aviation block. Feb 15, 2017
Opel, Peugeot

Peugeot owner PSA to buy Opel, Vauxhall brands from General Motors

If the deal gets through, PSA will emerge as second largest European carmaker while GM will do away with its loss-making businesses. Feb 14, 2017
Reliance Jio

Has Reliance Jio 4G data offer been extended till December 31, 2017, or is it a hoax?

A message asking Reliance Jio users to upgrade 4G data and call services to continue the offer till 2017 end is doing the rounds. Feb 14, 2017
Rolls-Royce posts biggest loss after bribery charges and Brexit

Rolls-Royce posts biggest loss after bribery charges and Brexit

The engine-maker has been affected by the drop in the pound against the dollar since Brexit, and the £671m charges it has to pay after an investigation into corruption in the company. Feb 14, 2017
Toshiba

Toshiba shares plunge on Nikkei amid fears of huge loss, uncertain future; chairman quits

Toshiba surprises markets by postponing its quarterly results amid reports that it may issue a warning to shareholders that its future is in jeopardy. Feb 14, 2017
Mumbai airport

Navi Mumbai airport: GVK wins bid to build spanking Rs 16,000-crore Mumbai airport

GVK currently operates India's first brownfield and greenfield airports as Chhatrapati Shivaji airport in Mumbai and Kempegowda airport in Bengaluru. Feb 14, 2017
Europe travel

KKR buys tour operator Travelopia for $403 million

TUI Group will use the proceeds from the sale of Travelopia to further expand the growth segments of hotels and cruises. Feb 14, 2017
Heineken

Dutch brewer Heineken acquires Brasil Kirin Holding for $704 million

Heineken said it will become the second largest beer company in Brazil after acquiring Brasil Kirin, which has 9% market share in the country. Feb 13, 2017
US Navy

Reliance Defence inks pact to repair US Navy's Seventh Fleet warships

The deal with the US Navy is estimated to bring in high-potential business for Reliance Defence. Feb 13, 2017
India auto-rickshaw

As Ola, Uber drivers strike over withdrawal of incentives, Jugnoo rides into cab services

Jugnoo launched cab services in Gurugram and it will soon expand the services to other cities. Feb 13, 2017
Infosys CEO Vishal Sikka

Infosys CEO Vishal Sikka says Indian jobs to be worst impacted by automation

Speaking at an investor conference, Sikka completely played down the tussle between the Infosys board and certain founders. Feb 13, 2017
State Bank of India

SBI considering cyber liability insurance to protect customers from online fraud

Insurers see a rise in demand for cyber liability insurance as online threats are on the rise as digital transactions go up. Feb 13, 2017
ONGC

Oil ministry seeks details from ONGC over allegations that it overpaid Videocon for stake in Mozambique gas field

In 2013, ONGC Videsh Ltd had acquired Videocon Group's 10% stake in Offshore Area 1 for $2.48 billion. Feb 12, 2017
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