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SpiceJet Refused Refuel at Madurai Airport, Madurai-Hyderabad Flight Delayed by 4 Hours

Budget airline SpiceJet faced fresh trouble last Saturday when a private petroleum company refused refueling facility over payment issues at Madurai airport, leading to its Madurai-Hyderabad flight delayed by four hours.

Dec 15, 2014

SpiceJet to Receive funds from Promoter, Says Airline to DGCA

Promoter of SpiceJet, the Sun Group, will infuse funds into the financially struggling airline

Dec 13, 2014

Sony Pictures' Amy Pascal Could Lose her Job over Racist Comment on Barack Obama in Leaked Emails

Amy Pascal, the co-chairwoman of Sony Pictures, is facing pressure from civil rights leaders to step down from her post, after her racist comments on US President Barack Obama were exposed in the thread of emails hackers leaked online earlier this week.

Dec 13, 2014

best-relations-with-neighbours-priority-of-defence-arun-jaitley

Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Finance Minister Arun Jaitley has his work cut out with the crash in oil price by almost half; seeks to balance fiscal deficit better

Dec 13, 2014

Is Uber's 'Go-Getter' Attitude Hampering its Global Growth and Expansion?

Uber, the ride-sharing service, has been hit with lawsuits and bans from countries all around the world. But despite the controversies, investors believe Uber's success is unmatchable.

Dec 13, 2014

Gucci's CEO and Creative Director to Step Down Next Year

Gucci, the famous luxury fashion brand, is all set to see some major changes at its top-level management as its CEO Patrizio di Marco and creative director Frida Giannini will be stepping down from their respective posts next year.

Dec 13, 2014

TCS Planning Staff Restructuring Aimed at '25,000' Senior Employees

Tata Consultancy Services would be evaluating senior staff covering about 25,000 employees. The company says it is 'nothing out of the ordinary.'

Dec 12, 2014

Hearst Buys 25 Percent Stake in DreamWorks AwesomenessTV for $81.25 Million

Hearst Corporation, the media giant that operates ESPN and The Oprah Magazine, has reportedly purchased 25 percent stake in DreamWorks Animation's AwsomenessTV (ATV) for a deal worth $81.25 million, the companies announced on Thursday.

Dec 12, 2014

SeaWorld CEO Steps Down amid Rising Controversies and Falling Revenue

The board of SeaWorld Entertainment Inc., the Florida-based aquatic amusement park, announced Thursday that CEO Jim Atchison will be stepping down from his post on January 15.

Dec 12, 2014

Tea Exports to Russia a Losing Proposition

Russia, the world's largest importer of tea has come under pressure from the fall in ruble, leading to margins coming under severe pressure for Indian exporters.

Dec 11, 2014

Jet Airways Gains From SpiceJet's Problems, Shares Rise 80% in a Fortnight

Jet Airways sees shares jump 80% on the back of continued owes faced by SpiceJet and lower fuel bill.

Dec 11, 2014

India to Cut Stake in State-run Banks, Raise $26 bn

State-run banks would see government stake coming down to 52%; banks to use funds for capital infusion to meet newer international banking regulations ₹

Dec 11, 2014

SpiceJet Offers Tickets at 50% Discount to That of Rivals, Refunds 55,000 Cancellations

Budget airline SpiceJet offers to fly travelers at up to 50% discount to its peers's fares.

Dec 11, 2014

Finance Minister and RBI Governor Raghuram Rajan

RBI Governor Comes Under Pressure from MPs to Cut Rates

MPs cutting across political parties seek to increase pressure on Raghuram Rajan to cut rates to improve credit off-take and spur economic growth

Dec 11, 2014

Abercrombie & Fitch CEO Mike Jefferies Steps Down

Michael Jefferies, the controversial CEO of Abercrombie & Fitch stepped down from his post on Tuesday effective immediately, marking the end of a two-decade long career that saw several ups and downs.

Dec 10, 2014

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