40% revenue to come from delivery in 3-6 months: FoodPanda

Food ordering platform FoodPanda has forayed into food delivery segment in the country and expects about 40 percent of its revenues in 3-6 months to come from the new offering. The company has started the service in five cities and plans to expand it...

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Avaya eyes India's smart city push in expansion bid

As the government makes a push for smart cities, global companies are lining up for opportunities that India will provide in the coming years. US IT major Avaya is all geared up to cash in on smart cities while simultaneously expanding its operations...

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Ola raises funds, aims to be in 200 cities by year end: CEO

The company will be launching newer categories and taking some of its existing categories into the 100 cities where it is currently present. India's largest cab aggregator Ola Cabs is speeding on the growth highway. After raising USD 210 million in...

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Cairn India vs Taxman case hearing begins

The Delhi High Court has begun hearing the Rs 20,000 crore tax battle between Cairn India and the tax department. The taxman is alleging that Cairn India did not pay capital gains tax when shares changed hands in the financial year 2007. The Delhi...

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MakeMyTrip initiates to encourage visitors to Kashmir

Online travel firm MakeMyTrip is wooing domestic tourists to Kashmir offering attractive packages as it supports the state government to bring back travellers to the valley hit hard by floods last year and recent unseasonal rains. "The valley is ready...

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Govt owes around Rs 600 cr to Air India for VVIP travel

Air India is surviving on a bailout package approved in 2012. Besides a debt of Rs 40,000 crore, the airline had reported losses to the tune of Rs 5,388 crore in FY-14 as against Rs 5,490 in the fiscal 2012-13. Government owes around Rs 600 crore...

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SBI Card's valuation begins as partner GE Caps plans exit

SBI, the nation's largest lender, entered the credit card business in 1998 by roping in GE Capital India, consumer finance arm of GE Capital. GE Capital owns 40 percent stake, and the remaining stake is with SBI. With its long-time joint venture partner...

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Satyam case: Special court reserves order on Raju's appeal

Raju and seven others had filed the appeal in the Metropolitan Sessions Court on April 13 seeking to set aside the trial court's judgement and had also sought bail in the case. A Metropolitan Sessions Court here today reserved its order till April...

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Petrol price cut by 80 p, diesel to be cheaper by Rs 1.30

This makes it the second reduction in fuel prices this month. Prices of petrol and diesel were last revised downwards on April 2, by Rs. 0.49/litre and Rs. 1.21/litre, respectively (including state levies). Moneycontrol Bureau The price of petrol...

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Cleartrip pulls out of Internet.org, backs net neutrality

Details of the decision to withdraw from Internet.org, which was launched in February this year in India, could not come through as an e-mail query went unanswered. Online travel services provider Cleartrip today pulled out of Facebook- and Reliance...

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