AirAsia switches to digital mode as it lightens load

Mar 23 2018 | 3 hrs ago

Tony Fernandes, co-founder of AirAsia Bhd, is seeking to transform airline into an asset-light, digitally focused firm after the $1 billion sale of its leasing business.

Google Assistant now lets users send and request money

Mar 23 2018 | 3 hrs ago

Google has announced that users in US would be able to send or request money from the contacts just by giving Google Assistant a voice command that starts with Hey Google

Next profit falls 8%, forecasts another decline in current year

Mar 23 2018 | 3 hrs ago

Next reported a 8.1 percent fall in annual profit on Friday, meeting its latest guidance, and said it expected another decline in 2018-19.

Naspers raises $9.8 billion from Tencent stake sale

Mar 23 2018 | 3 hrs ago

Naspers has raised $9.8 bn from the sale of a 2% stake in Tencent to strengthen its balance sheet and fund growth in its e-commerce businesses, it said on Friday.

Apple to stop Siri from reading hidden lock screen notifications

Mar 23 2018 | 4 hrs ago

Apple has promised to fix a bug that can allow Siri to read aloud hidden lock screen notifications from many apps on iPhones.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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