Ethiopian Airlines connects Bengaluru to Addis Ababa

Bengaluru (IANS) Ethiopian Airlines will start weekly non-stop flights between capital Addis Ababa and Bengaluru, making the tech hub its third destination in India after Mumbai and New Delhi to have direct connectivity, an official said on Sunday.

ICICI Bank's Q2 net profit down 28% to Rs 655 cr

Mumbai (IANS) ICICI Bank has reported a 27.94 percent decline in standalone net profit for the second quarter of 2019-20. The bank's net profit in Q2 declined to Rs 655 crore from Rs 909 crore in the year-ago quarter.

Excluding the impact…

Equity market turns flat after opening a tad higher

Mumbai (IANS) The key Indian equity indices opened marginally higher on Friday before trading on a flat note, following a mixed trend in the Asian markets.

At 9.25 a.m., the Sensex was trading at 39,067.10, higher by 46.71 points or 0.12 per…

SC orders Telcos to clear dues worth Rs 92,000 cr

New Delhi (IANS) The Supreme Court on Thursday ordered telecom carriers, including Bharti Airtel and Vodafone Idea, to pay the government as much as Rs 92,000 crore in dues, which includes penalties and interest.

This is a significant judgment…

Markets open in the red on Wednesday

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 39,063.84 points, which was also the high point. It touched a low of 38,880.05…

Cabinet approves BSNL-MTNL merger, 4G grant, bond issue

New Delhi (IANS) The Union Cabinet on Wednesday approved the revival plan of loss-making firms -- BSNL and MTNL -- which includes allocation of 4G spectrum with a capital infusion of Rs 20,000 crore and their in-principle merger.

The revival…

Urban Ladder co-founder Rajiv Srivatsa steps down

New Delhi (IANS) Bengaluru-based and Ratan Tata-backed home furnishing company Urban Ladder's co-founder Rajiv Srivatsa has announced to step down from his role.

In a LinkedIn post, Srivatsa said that last eight years have been an outstanding…

Nandan Nilekani steps in to soothe Infosys investors

Mumbai (IANS) In an attempt to soothe investor sentiments, Infosys Chairman Nandan Nilekani on Tuesday assured investigations to the "fullest extent" into allegations of unethical practices against its Chief Executive Officer (CEO) Salil Parekh and…

DoT prepares Rs 74,000 cr revival plan for BSNL, MTNL

New Delhi (IANS) The DoT will send a proposal to the cabinet for a revival plan worth Rs 74,000 crore for the ailing state-run telecom firms - BSNL and MTNL - where Rs 22,000 crore would be in the way of capital infusion for acquiring 4G spectrum,…

Singh Bros were alter egos acting with impunity

New Delhi (IANS) How were the Singh Bros -- Malvinder Mohan Singh (MMS) and Shivinder Mohan Singh (SMS) -- the centrifugal forces behind the Rs 3,000 crore Religare Group fraud?

Working in conjunction with CEO Sunil Godhwani (SG), the troika…