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SpiceJet, Air India step in to clean up after Jet Airways
Posted on 20th April 2019
New Delhi/Mumbai: Budget airline SpiceJet Ltd and national carrier Air India Ltd have stepped in to stabilize India's aviation industry and ease the pain from wage losses caused by Jet Airways (India) Ltd’s descent into insolvency and operational shutdown.

SpiceJet is making all possible efforts to soften the blow to the aviation industry caused by Jet’s suspension of operations on Wednesday, said the airline’s chairman and managing director, Ajay Singh.


Walmart, Amazon kick off government online pilot program
Posted on 20th April 2019
New York: Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.

ShopRite will join the two retailers on the program early next week, said the US Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, or SNAP.


Coming Soon! Laptop manufactured by Kerala govt PSU
Posted on 20th April 2019
Decks are cleared for the entry of laptops from the Kerala government PSU, Keltron, and global software major UST Global, with the technical hand holding of Intel. The product is likely to hit the market by June.

“Coconics, the Keltron-UST Global laptop brand, is nearly ready for launch,” sources at Keltron told FE. The official launch is likely to be after the Lok Sabha elections.


Pak terrorists planning with ‘motorcycle bomb’ fidayeen strike, attackers named after Mughal emperors: Intel ​
Posted on 20th April 2019
Intelligence agencies have alerted the security establishments in Jammu and Kahsmir on Friday, saying that the Pakistan-based terrorists have planned a fidayeen-like attack with ‘motorcycle bombers’ in the valley during the ongoing Lok Sabha polls.

These motorcycle fidayeen attackers are named after Mughal emperors as well, say intelligence agencies. The valley on February 14 faced a massive terror attack in Pulwama, where 40 CRPF personnel were killed.


Bharti Airtel, Vodafone Idea see rise in fixed-line subscribers in February
Posted on 20th April 2019
Bharti Airtel and Vodafone Idea witnessed a rise in fixed-line subscribers at a time when the overall wireline users in the country continued to decline in February, according to data published by the Telecom Regulatory Authority of India (Trai).

“Wireline subscribers further declined from 21.79 million at the end of January to 21.72 million at the end of February,” the report said. Net decline in the wireline subscriber base was 0.07 million with a monthly decline rate of 0.36 per cent.


R Venkataramanan quits Ratan Tata's investment arm RNT Associates
Posted on 20th April 2019
R Venkataramanan, the former managing trustee of Tata Trusts, has resigned from RNT Associates Private Limited, the personal investment vehicle of Tata group patriarch Ratan Tata.

According to a Ministry of Corporate Affairs filing, Venkataramanan quit the firm as director on March 29. Since 2014, RNT Associates, along with UC-RNT Fund, has been investing in a series of new-age companies in India and overseas.


This helicopter company stock zooms 112% in six weeks
Posted on 18th April 2019
Shares of Global Vectra Helicorp surged 9 per cent to Rs 127 in the intra-day trade on Thursday, gaining 53 per cent in the last one week on the BSE, on expectation of strong earnings growth. The stock was trading close to its 52-week high of Rs 131 on April 23, 2018 on the BSE.

In past three weeks, the stock has rallied 112 per cent from level of Rs 60.30 on March 8, 2019, as compared to 7 per cent rise in the S&P BSE Sensex.


Hyundai eyes leadership position in compact SUV segment: MD
Posted on 18th April 2019
Hyundai Motor India is eyeing a leadership position in the compact SUV segment in the country with its upcoming model Venue, a top company official said.

The company will face stiff competition in the sub-4 metre compact SUV segment from the likes of Maruti Suzuki Vitara Brezza, Tata Motors Nexon, Mahindra XUV300 and Honda WR-V.


Mahindra, Ford to co-develop mid-sized SUV for India, emerging markets
Posted on 18th April 2019
Mahindra & Mahindra (M&M) and Ford Motor Company on Thursday said they have signed a definitive agreement to co-develop a mid-sized SUV for India and other emerging markets.

The new agreement reinforces the steady progress made since the announcement of a strategic alliance between the two companies in September 2017, followed by an announcement on powertrain sharing and connected car solutions in October 2018.


JustDial data leak exposed personal details of 100 million users: IT expert
Posted on 18th April 2019
Justdial, a company that provides local search for different services in India over voice calls and internet, suffered a data breach last week that compromised the personal details of 100 million users, according to independent cyber-security researcher Rajshekhar Rajaharia.

Inc42 quoted a senior JustDial executive on Monday as saying that the company is investigating the alleged loopholes in its database and that the company's systems are foolproof.


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