Business News

Air India seeks to acquire entire equity of AirAsia India

Air India seeks to acquire entire equity of AirAsia India

New Delhi: Tata Sons owns 83.67 percent of Air Asia India’s equity share capital, while Malaysia’s AirAsia owns 16.33 percent of the company (Representative Image) Air India has suggested purchasing AirAsia India’s whole stake. The proposal for Air India’s acquisition of AirAsia India has also been notified by the Competition Commission

Govt paid as much as ₹20 crore per day to keep Air India flying

Govt paid as much as ₹20 crore per day to keep Air India flying

New Delhi: Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay ₹20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey

Mukesh Ambani makes way to the elite club of world’s $100 billion club

Mukesh Ambani makes way to the elite club of world’s $100 billion club

New Delhi: Indian business tycoon Mukesh Ambani, who is listed as Asia’s richest man has now joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion. With now worth $100.6 billion, chairman of Reliance Industries Ltd. entered the rarefied

Ford Motor shuts manufacturing plants in India after $2 billion loss

Ford Motor shuts manufacturing plants in India after $2 billion loss

New Delhi: Ford Motors, one of the first global automotive companies that entered Indian auto market and commence operations here in the 90s has now announced to wrap up India operations after incurring USD 2 billion in losses, over the past 10 years. American auto major on September 9 said

Google restores services after multiple users report outage

Google restores services after multiple users report outage

California: The search engine giant, Google restored its services soon after multiple users complained about an outage affecting Google as well as its streaming and email services late Monday, according to outage monitoring website Downdetector. Platforms including Google, YouTube, and Gmail were down, with users citing issues with login and

ED issues show-cause notice to crypto exchange WazirX’s directors: Report

ED issues show-cause notice to crypto exchange WazirX’s directors: Report

NewDelhi: The Enforcement Directorate (ED) on Friday issued a show-cause notice to cryptocurrency exchange WazirX and its directors Nischal Shetty and Sameer Mhatre for allegedly violating money laundering guidelines in connection with transactions worth Rs 2,790.74 crore. The notices were issued under the Foreign Exchange Management Act (FEMA), 1999, after