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SpiceJet Gets Temporary Reprieve on Payment Owed to AAI; Shares Slide 14%

SpiceJet faces existential dilemma. Has to raise funds in the next 10 days.

Dec 16, 2014

Sony Xperia Z5 To Follow Xperia Z4's Lead With New Design, 2K Screen In Q4 2015

Sony Pictures Asks News Outlets to Stop Publishing Hacked Emails

Sony Pictures urged all news outlets to stop publishing the leaked emails that hackers exposed in the past few weeks, in a strongly worded letter released on Sunday.

Dec 15, 2014

PetSmart Bought for $8.7 Billion in Largest Acquisition Deal

PetSmart, the pet-supplies retailer, will reportedly be bought out by a consortium of investors shelling out $8.7 billion for the company. This marks the largest acquisition deal of 2014.

Dec 15, 2014

Anil Ambani's Reliance MediaWorks sells Big Cinemas to Carnival Group

Reliance Group, led by Anil Ambani sold its Big Cinemas chain of movie screen to Carnival Group, a South-based operator

Dec 15, 2014

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014

SpiceJet Warns Employees of Disruption to Service, if DGCA Meeting Fails

Cash-strapped SpiceJet could terminate operations if its COO's meeting with the airline regulator does not go in its favour

Dec 15, 2014

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends.

Dec 15, 2014

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