To enhance its on-time performance on the domestic network, the Jet Airways Group has said it will close all domestic check-in counters 45 minutes prior to departure across all non-metro airports with immediate effect. The move is an extension of the check-in policy currently observed by Jet Airways and JetKonnect across metro airports, and will enhance on-time performance across the airline's domestic network, the airline said in a statement.
Queen confers Knight Grand Cross on Ratan Tata
Ratan Tata, former chairman of the Tata Group, which is one of the largest employers in Britain, has been honoured by Queen Elizabeth with a GBE (Knight Grand Cross), one of the UKs highest civilian awards. "The Queen has been graciously pleased to approve the following honorary British awards in 2014... GBE for Ratan Naval Tata, KBE, for services to UK/India relations, inward investment to the UK and philanthropy," an announcement by the Foreign and Commonwealth Office (FCO) said.
Samsung Galaxy S5 to be available for R51,500
The fifth generation of Samsung's flagship Galaxy S smartphone will be available for R51,500 starting Friday. Based on the Android 4.4.2 KitKat operating system, the handset was unveiled at the Mobile World Congress in Barcelona in February, and its pre-bookings started on March 29. "We are very encouraged by the pre-booking response for the S5, which is three times higher than that for the S4," Samsung India country head (IT and mobile division) Vineet Taneja said. The Galaxy S5 sports a 5.1-inch Super AMOLED (1080 x 1920p) display, similar to predecessor Galaxy S4, and is powered by an octa-core processor and 2GB RAM.
IFCI VC Funds exits Shakti Pumps with R53-L profit
IFCI Venture Capital Funds has made a partial exit from its two-and-a-half-year-old investment in Shakti Pumps India with an absolute return of 65%. The Green India Venture Fund on Friday in a bulk deal sold 1,44,568 shares of Shakti Pumps at R92.52 apiece for a total value of R133.75 lakh, gaining R52.79 lakh. The fund in December 2013 owned 15,06,557, or a 9.88% stake, in the company.
Alivira Animal Health allots shares to Shasun
Alivira Animal Health has completed the allotment of equity shares to Shasun Pharmaceuticals. Alivira Animal Health is a joint venture between Shasun Pharmaceuticals and Sequent Scientific to develop, manufacture and sell veterinary products. "Alivira Animal Health has allotted 74,00,000 equity shares to Shasun Pharmaceuticals in consideration for the transfer of Shasun's Vizag unit," Shasun said in a BSE filing.
Flipkart forays into large appliances with TVs
Leading e-commerce marketplace Flipkart on Friday announced its entry into the large appliances segment with the launch of televisions. It will initially be available to shoppers in Mumbai, Delhi and Bangalore. Some of the key brands available are Samsung, Sony, LG, Panasonic, Philips, Toshiba and Videocon. Customers can avail themselves of options such as cash-on-delivery, 30-day replacement policy and in-a-day delivery guarantee.
Rahul Johri assumes bigger role at Discovery
Discovery Networks Asia-Pacific has promoted Rahul Johri to the role of executive vice-president and GM, South Asia, and head of eevenue, pan-regional ad sales and Southeast Asia. Johri continues to spearhead the operations and the overall growth strategy of DNAPs portfolio in the South Asian region, and lead and manage the advertising sales and solutions deals for the Asia-Pacific pan-regional business with a focus on expanding distribution and growing local ad sales for Southeast Asia, an official statement said
Tata Steel winner of BML Munjal excellence award
Tata Steel has been bagged the BML Munjal award for excellence in business through learning and development. The steel major has won the award in the private sector (manufacturing) category. This is the second time that Tata Steel has won the award, the first being in 2010. The annual BML Munjal awards are organised by Hero Corporate Services, a Hero group company.
Microsoft Vc arm launches hotline
Microsoft Ventures, the Vc arm of the software firm, on Friday announced the launch of JumpStart, a hotline to provide start-ups and entrepreneurs in India with a resource to ask business and technical questions. A team of dedicated professionals will be available to answer questions during business hours from Monday-Friday on a toll free number across India, the company said.