PM asks Varanasi weavers to utilize growing e-commerce market
VARANASI: Pitching for modernization of the textile sector, Prime Minister Narendra Modi on Friday asked the weavers to utilize the growing e-commerce market to reach out to global consumers even as he announced a package of Rs 2,375 crore to revive banks in eastern UP. “E-business is... read more »
Frustrated Airtel snaps Loop deal
NEW DELHI: Disappointed at the lack of clearance to its bid to acquire the assets of Mumbai-based telecom operator Loop Telecom, Bharti Airtel pulled out of the deal, just weeks before the ailing company’s licence ends. The development comes as a dampener for the highly fragmented Indian... read more »
Finance minister signals lower rate, cheaper funds
NEW DELHI: Finance minister Arun Jaitley on Wednesday told industry captains that he expects the cost of capital to come down, a statement which CEOs read as a signal to a rate cut in the coming months. The issue of high cost of capital, mounting bad debt in public sector banks and infrastructure... read more »
Air Astana signs code-share agreement with Air India
NEW DELHI: Kazakhstan’s largest airline Air Astana has signed a free flow code-share agreement with state-run airline and Star Alliance member Air India. “As a state-run airline and Star Alliance member carrier, Air India feels honoured to enter into this code-share agreement with Air... read more »
