Mumbai: India’s largest multiplex chain PVR Ltd may have to sell some of its screens in Delhi to get clearance for its Rs.500-crore acquisition of DT Cinemas, two people familiar with the development said.

According to the first of the two persons, who did not want to be identified, the Competition Commission of India (CCI) has raised concerns that the deal will give the combined entity a monopoly in certain parts of Delhi.

Flipkart has acquired a strategic minority stake in MapmyIndia (CE Info Systems Pvt. Ltd.), a company providing digital map data, GPS navigation, tracking, location-based apps and GIS solutions, to transform the technology of its supply chain.

Back in February 2009, MapmyIndia had secured $9 million from Qualcomm Ventures, Nexus India, KPCB and Sherpalo Ventures. KPCB and Sherpalo’s stake was bought by Lightbox in 2014.

India is on its way to becoming the energy efficiency hub of the world and it constitutes a critical part of the country's goal of delivering "just" climate action, the key Indian negotiator said on Thursday at the UN climate conference.

"India is on its way to becoming the energy efficiency hub of the world. The programmes launched by the government are world-beating. People are now looking at India for best practices in energy efficiency and demand-side management," said coal," said India's key negotiator Ajay Mathur at COP21.

Country's third largest software services firm Wipro on Wednesday said it will acquire German IT consulting firm cellent AG for 73.5 million euros (about Rs 518 crore).

The all-cash deal is expected to close in the March 2016 quarter, Wipro said in a filing to the BSE.

Air India's first non-stop flight from New Delhi to San Francisco has landed here amid rousing welcome, becoming the first Indian airline to provide a direct air connection to the West Coast in the US.

The Air India flight AI 173, a B777-200LR aircraft, with 230 passengers on board landed here at 5:40 am on Wednesday with airport traffic control tower lit in Indian tricolor to welcome the flight to the city. The passengers applauded when the aircraft touched the ground.

The Indian Air Force has pressed into service three aircraft to evacuate hundreds of passengers stranded at the Chennai airport where operations were suspended due to heavy rains and water logging on the runway.

IAF sources said that the Force has received clearance from the authorities to ferry civilian passengers from Chennai to Delhi and the operations would begin post-noon today.

Benchmark indices continue to witness negative trend weighed down by index heavyweight shares like ITC, Tata Motors and HDFC.

Further, the Nikkei/Markit Services Purchasing Managers' Index fell sharply to 50.1 in November from October's eight-month high of 53.2.

There is a shadow on future production from the five discoveries of the government-controlled Oil and Natural Gas Corporation, after gas reportedly flowed from two of its blocks to the adjacent Reliance Industries units off the Andhra Pradesh coast.

Dallas-based DeGoyler and MacNaughton (D&M), in a report submitted to the government on Tuesday, has put a question mark on the future production from the five ONGC discoveries. It has established continuity of the reservoir in three blocks of Reliance Industries and ONGC.

Bengaluru: United Spirits Ltd (USL) on Tuesday said HDFC Bank has sold 150,000 shares that the liquor maker’s chairman Vijay Mallya had pledged with the mortgage lender, for Rs.47 crore.

In a BSE filing, USL said HDFC Bank sold the shares pledged by Kingfisher Finvest to secure loans given to the holding company United Breweries Holding Ltd (UBHL).

McDowell Holdings, a unit of Vijay Mallya-led UB Group, on Wednesday said private lender Yes Bank had invoked shares of United Breweries Ltd (UBL) which formed only 0.16% of its holding.

Clarifying on reports that Yes Bank Ltd (YBL) had invoked shares worth Rs 778 crore accounting for 3.02% stake in United Breweries pledged by McDowell Holdings, the company said the invoked shares are actually worth Rs 39.48 crore only.

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