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Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12
Business

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12

Puri said that the crisis-hit Air India has received an equity infusion of Rs 30,520.21 crore from financial year 2011-12 till date.

Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government
Business

Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government

Three banks and two aircraft leasing companies have reportedly served default notices on Air India over the past few weeks.

Now you can tap your smartphone to withdraw cash in UK
News & Analysis

Now you can tap your smartphone to withdraw cash in UK

Tapping smartphones on high-tech contactless cash machines, bank customers will now be able to withdraw 100 pounds (around Rs 8,414) in cash, reports said.

Govt has pumped in Rs 22,280 cr of taxpayer money into Air India, but where is the plan to disinvest?
Business

Govt has pumped in Rs 22,280 cr of taxpayer money into Air India, but where is the plan to disinvest?

Of the Rs 30,000 crore planned to be spend on Air India's turnaround plan over a 10-year period, over 70% of the promised support been given in first three-and-a-half years itself

Nokia incorporates PayMate's NFC technology for India
News & Analysis

Nokia incorporates PayMate's NFC technology for India

Nokia only recently showcased their smartphones equipped with the NFC technology. Now one of the country's leading wireless transactions...

PayPal Launches NFC Solutions for Android
News & Analysis

PayPal Launches NFC Solutions for Android

PayPal, the popular mobile payment solutions provider has introduced the concept of Near Field Communications for Android devices.

Piezoelectrics to Give Your Batteries a Long Life
News & Analysis

Piezoelectrics to Give Your Batteries a Long Life

A new technology developed by scientists at the RMIT Institute, Melbourne and Australian National University will now make your portable electronics self-reliant.