Business

Amazon's super-app offering goods and services bouquet to spur new e-commerce war

Online retailer Amazon is set to leverage newly acquired Tapzo platform to develop super-app for online trade in products and services including flight ticket booking, food delivery and cab hire.

Apr 10, 2019

What's next for Vijay Mallya after UK court rejects plea against extradition?

Vijay Mallya, who is seeking refuge in the United Kingdom, will submit an appeal for the second time at the London court for an oral hearing.

Apr 9, 2019

Stake sale process of debt-ridden Jet Airways delayed as banks awaits RBI nod

In a bid to turnaround, the fortunes of beleaguered airline, Jet Airways board had decided a plan as per which the consortium of lenders, led by State Bank of India (SBI) would take over the airline's debt and convert it into 114 million shares for just Re 1.

Apr 7, 2019

GainBitcoin scandal's Amit Bhardwaj granted bail by Supreme Court

Along with Amit, his brother Vivek Bhardwaj has also been granted bail. However, the apex court directed Amit to pay Rs 10 crore and his brother to pay Rs 1 crore.

Apr 3, 2019

fintech, fintech startups, global startups, global fintech funding, asian fintech, indian fintech, paytm, freecharge

Sluggish beginning for startups in 2019, funding down by 25 percent

As per startup data platform, Tracxn, Jan-Mar quarter of the calendar year (CY) 2019 has witnessed a drop in total deal value from $3.2 billion to $2.4 billion, which is 25% less than the preceding quarter (Oct-Dec 2018).

Apr 3, 2019

Boeing crisis escalates as 737 MAX 8 makes emergency landing shortly after take-off in US

Southwest Flight 8701 returned to Orlando International Airport just before 3 pm ET after pilots reported a performance issue with one of the engines.

Mar 27, 2019

After Mukesh Ambani, another Indian billionaire bails out younger sibling

The Mittal brothers had split their businesses in 1994. However, eldest brother Lakshmi Niwas chipped in with 16 billion rupees to help Pramod clear massive dues to STC.

Mar 26, 2019

Airbus wins China order for 300 jets as Xi visits France

French officials said the deal was worth some 30 billion euros at catalogue prices. Planemakers usually grant significant discounts.

Mar 26, 2019

Naresh Goyal quits as Jet Airways chairman, stake slashed to 25%

Ahead of the crucial jet Airways board meeting on Monday, speculation was rife that Goyal would step down, meeting a key demand of prospective rescuers.

Mar 25, 2019

Delhi's IGI airport grows fastest in World's top 20 hubs, surpasses Frankfurt to become 12th busiest

Operated by Delhi International Airport Limited ( DIAL), formed as a consortium between GMR Group (54%), Airports Authority of India (26%), and Fraport AG & Eraman Malaysia (10% each), IGIA witnessed 6.9 crore domestic and international flyers in 2018.

Mar 23, 2019

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