In a letter shot off to minister of state for civil aviation Jayant Sinha early this month, a top executive of Madrid-based information technology firm Amadeus estimated the revenue loss to travel agents of Air India to be around Rs 1,825 crore once state-owned carrier moves to a single global distribution system (GDS) for domestic flights.

Standard Chartered Bank has filed an interlocutory application in the bankruptcy court against a panel of lenders selecting ArcelorMittal to take over debt-ridden Essar Steel, saying the decision was “illegal” and was taken without considering its claims.

NEW DELHI: Chinese telecom gear vendor ZTE expects its 2018 India revenue to increase marginally helped by recent orders from state-run Bharat Sanchar Nagar Ltd. (BSNL) and Bharti Airtel despite the recent US ban which hurt its global operations.

“India market holds a very important position in ZTE's overseas business. This year, we had challenges, but even that didn't impact the India business much.

NTPC Limited and Archery Association of India (AAI) have announced a landmark three-year partnership, which includes the title rights across all National Archery Championships (NACs), National Ranking Archery Tournaments (NRATs) and exclusive right to provide kits/apparels to Indian Archery team for international participation.

Microsoft has become the most valuable US company with $753.3 billion in market capitalisation, riding past Apple for the first time since 2010 when it came close to the Cupertino-based tech giant.

Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on Friday, owing to lower-than-expected iPhone sales amid reports of its suppliers cutting cost and workforce.

The Bitcoin Cash wars are over. Over the past week, two factions tried to take over the network and the name of Bitcoin Cash, the world’s fourth-biggest cryptocurrency. The struggle created market uncertainty and drove down its price by almost 50 percent, contributing to the slide in Bitcoin as well. Now the dust is settling, with Bitcoin SV on the losing end.

Today, Mahindra & Mahindra (M&M), the utility and electric vehicle major, will launch the Alturas G4 SUV in India—which is a vehicle based on SsangYong Rexton (SsangYong is a South Korean automobile manufacturer and a subsidiary of M&M). With the Alturas G4, the company will foray into the Indian premium SUV segment, currently dominated by Toyota Fortuner and Ford Endeavour.

The Supreme Court has allowed markets regulator Sebi to go ahead with certain proposed amendments to self regulatory organisation (SRO) regulations, including appointment as SRO, that are necessary to regulate mutual fund products.

A Bench led by Chief Justice Ranjan Gogoi accepted Sebi’s plea that the selection process for appointment as SRO for distribution of Mutual Fund (MF) products is required in the public interest.

This festive season, air purifiers joined mobiles phones and TVs to record high growth among consumer electronics on e-commerce platforms.

Sandeep Karwa, senior director of product and business at Flipkart, said that the platform saw a 400% increase in the units air purifier sold during the festive season this year compared to last year.

Vodafone Idea is in the process to reduce the number of its distributors by 16,000, and branded stores by 2,000, by the end of this financial year, a company document said. The company plans to reduce the number of its distributors from around 43,000 to 27,000 by December.

It has around 6,000 branded retail stores, which it plans to cut to 4,000 by March 2019, it said.

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