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Jet Airways cutting junior pilot pay to trim costs, sources say

Jet Airways cutting junior pilot pay to trim costs, sources say

NEW DELHI, July 20 (Reuters) – Jet Airways <JET.NS>, India’s second-largest airline by market share, plans to slash pay of dozens of its junior pilots by as much as 50 percent in a cost-cutting move that could impact up to…

India’s economy set to reclaim top spot for growth this year: Reuters poll

India’s economy set to reclaim top  spot for growth this year: Reuters poll

BENGALURU, July 19 (Reuters): India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters poll…

Lenovo unveils future-ready laptops for millennials in India

New Delhi, July 19 (IANS): Aiming to provide powerful computing to millennials in India, Chinese technology major Lenovo on Wednesday unveiled new additions to its Yoga and Ideapad range of future-ready laptops.   Yoga 720 is available for Rs 74,500…

News in brief

BSNL offers waiver of landline installation charges New Delhi, July 19 (IANS): The BSNL on Wednesday said it has decided to waive off installation charges for new landline/wireline broadband/fibre-to-the-home (FTTH) connections in all circles.   The Bharat Sanchar Nigam Limited…

Rising global potash demand puts India’s buyers on the back foot as contract talks start

Rising global potash demand puts India’s buyers on the back foot as contract talks start

MUMBAI, July 19 (Reuters) – Improved global demand for potash, a widely used fertilizer, will likely lead to India signing more costly import contracts in 2017 than last year, even as the country’s demand is set to drop after the…

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

MUMBAI, July 19 (Reuters) – Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said…

India’s economy set to reclaim top spot for growth this year: Reuters poll

India’s economy set to reclaim top spot for growth this year: Reuters poll

BENGALURU, July 19 (Reuters) – India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters…

News in brief

After demonetisation, fake currency worth Rs 11.23 cr detected in 29 states New delhi, July 18 (PTI): Fake currency having face-value of over Rs 11.23 crore was detected in 29 states post demonetisation, the government informed Parliament on Tuesday. In…

Xiaomi Mi Max 2 with 12MP camera, 5300 mAh battery launched at Rs 16,999

Xiaomi Mi Max 2 with 12MP camera, 5300 mAh battery launched at Rs 16,999

New delhi, July 18 (IANS): Chinese smartphone manufacturer Xiaomi on Tuesday launched in India its Mi Max 2 device that sports a 6.44-inch screen and is powered by a massive 5,300mAh battery.   Xiaomi claims that Mi Max 2 has…

96% Indians at risk while using public Wi-Fi: Norton by Symantec

New Delhi, July 18 (IANS): A whopping 96% of Indians put personal information at risk while using public Wi-Fi for checking bank accounts, sharing personal photos and videos, a report by Norton by Symantec said on Tuesday.   According to…

E-tailer Flipkart ups odds of buying Snapdeal with raised bid – sources

E-tailer Flipkart ups odds of buying Snapdeal with raised bid – sources

MUMBAI, July 18 (Reuters) – E-commerce firm Flipkart’s sweetened takeover offer of up to $950 million for Snapdeal has improved the chances of a deal between the two rivals, though some sticking points are still being hashed out, two sources…

Exclusive: Ahead of privatisation, Air India eyes bumper staff buyout

Exclusive: Ahead of privatisation, Air India eyes bumper staff buyout

NEW DELHI, July 18 (Reuters) – Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, a senior company official said, one of the largest such offers in India’s state…