The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
Prime Minister Modi needs to call Biden next month and clearly say: 'Mr President, the threat from China is clear and present. We, in New Delhi, have determined it to be an urgent national priority to outfit our submarines and aircraft carriers with nuclear propulsion and we want to cooperate with America on this programme",' advises Ajai Shukla.
To increase local talent mix in the US like their major peer Infosys
The IZO platform provides large business houses to jointly use their private IT network along with public network.
'The 24x7 power for all vision is inspiring, because as we've so often seen, where India leads, the world follows,' says Rajiv J Shah, President, The Rockefeller Foundation.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
Cab aggregators caught between showing profitability to investors, increasing their network and dabbling in areas such as food ordering have seen a major blow to their primary business.
Entirely new businesses have been built using data to disrupt traditional companies.
Several companies and technology heavyweights including Microsoft, Oracle and Salesforce are working to create a digital vaccination passport or health passport app in the hope that governments and airlines will require travellers to upload details of their Covid-19 tests and immunisation. The vaccine passport will effectively create digital credentials that could be the key to attending crowded events or even visiting countries.
New Delhi should resist any temptation to act as spoiler and instead should cooperate with its SCO partners in reaching a regional consensus behind the formation of an interim government in Kabul, argues Ambassador M K Bhadrakumar.
According to the government data, micro, small and medium enterprises employ about 59.7 million people spread over 26.1 million enterprises.
Investing in start-ups can be highly rewarding, but direct investing is not meant for everyone. For the majority of wealthy investors, taking the private-equity route could still be the better option.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Freshdesk also launched an IT service management product Freshservice to offer cloud-based service desk solution for smaller companies for their internal IT support.
The commonalities of interests are immense for growth in trade between India and the US.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
Wipro's clients currently include over 100 US payers, healthcare providers, and public health agencies.
Sources say investors of the company have expressed their desire to speak to the management shortly and it could be about discussing Yadav's role in the company.
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
On his three-day trip, the Microsoft CEO will meet governments and businesses to get them to use the company's platforms.
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
Persistent, L&T Technology and TechM named among leading service providers
Move to hasten rollout and, if successful, set a precedent for new banking firms.
De Beers' branded jewellery is available across the world.
In remarks titled 'Implement Consensus and Handle Differences Properly to Bring China-India Relations Back on the Right Track' posted on the Chinese embassy website, Sun spoke of disruptions in the bilateral relationship and outlined five steps to clarify 'some fundamental points'.
Prime Minister Narendra Modi on Saturday hard sold his government's reforms spanning from manufacturing to taxation to labour, saying they have changed the world perception about the country from 'why India' to 'why not India' and went on to quote record foreign investment during the pandemic as a testimony to that. Speaking at industry association Assocham's Foundation Week event, Modi also said agriculture reforms brought by his government six months back have started benefiting farmers. The reforms in the last six years have influenced in changing the sentiment of the industry from 'why India' to 'why not India' in investing.
Generally,profit of a partnership firm is divided among its partners in sync with their partnership deal.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
UTC India is playing up the umbrella brand of Carrier and OTIS to push integrated services.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Hyderabad-based Pi Datacenters wants to be the first destination of choice for enterprises in data and cloud services.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
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From an idea inititated in a hostel room, Hearing Plus went on to become a national chain of hearing treatment clinics.
Do you save more money if you use bank portals for online shopping?
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