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Vijay Mallya Debt case: In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face “coercive action” by lenders and investigative agencies.<br><a href=https://www.financialexpress.com/article/industry/companies/vijay-mallya-debt-fm-arun-jaitley-says-pay-dues-honourably-or-face-coercive-action/230096/">Read full story</a></br>
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Tata Sons: Tata Sons will hike its stake in AirAsia India to 49% by acquiring additional shares from Arun Bhatia’s Telestra, which will be exiting the no-frills airline. Telestra Tradeplace holds nearly 10% stake in the low-cost airline. While Tata Sons would buy 7.94% shareholding, the remaining stake would be purchased by the carrier’s two directors — S Ramadorai and R Venkataramanan, in their individual capacity.<br><a href=https://www.financialexpress.com/article/industry/companies/tatas-to-hold-49-stake-in-airasia-india/230330/">Read full story</a></br>.
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Xiaomi Mi 5: Chinese smartphone maker Xiaomi is set to launch its latest flagship the Xiaomi Mi 5 smartphone in India on March 31, 2016. According to sources, Xiaomi Mi 5 price could be below Rs 27,000. The smartphone was recently launched in China and saw over 18 million registrations in the first go. <br><a href=https://www.financialexpress.com/article/tech/xiaomi-mi-5-launch-in-india-thursday-price-specs-and-features-rs-27000/230166/">Read full story</a></br>
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Tata Tiago: Tata Motors launched Tiago in 2016 which was powered by the 1.2-litre Revotron petrol engine and a 1.05 litre Revotorq diesel unit. The engines are mated to a 5-speed manual gearbox and is based on the India carmaker's Impact Design Language. Higher versions of the hatchback feature ABS (Anti-lock Braking System), dual front airbags, and an audio system sourced from Harman which has four speakers and two tweeters.
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Samsung Gear S2: South Korean electronic giant Samsung on Monday launched three new variants of the Gear S2 smartwatch and a whole new set of applications and dial faces for Indian customers. The wearables will be available across all Samsung retail channels at a price of Rs 24,300 for the Gear S2 white and Rs 34,900 for the Gear S2 Classic gold and platinum variants. <br><a href=https://www.financialexpress.com/article/industry/tech/samsung-gear-s2-smartwatch-price-specs-features-three-new-variants-launched/230245/">Read full story</a></br>
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Nissan GT-R: Nissan GT-R that has always been known for its unparalleled performance, now comes with extra horsepower and improved cabin. The new GT-R made its debut at the New York International Auto Show last week and will be launched in September 2016. <br><a href="https://www.financialexpress.com/auto/car-news/2017-nissan-gt-r-set-to-launch-in-india-in-september-2016/230128/">Read full story</a></br>
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JetLite merger: Leading carrier Jet Airways will seek the approval of shareholders and creditors on April 22 for the proposed merger of JetLite with itself. Jet Airways' board had approved the merger of the low-cost subsidiary JetLite with the airline in September. According to a regulatory filing today, Jet Airways said it will seek the nod of "equity shareholders, secured creditors and unsecured creditors" for the proposed merger on April 22. (Reuters)
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LIC: IDBI Bank has allotted 15.8 crore equity shares, equivalent to 7.16 per cent stake, on preferential basis to LIC of India, which now holds over 14 per cent stake in the state-run lender. The allotment of shares is part of IDBI Bank's plan to offload government shareholding as part of privatisation move. In the Budget speech, Finance Minister Arun Jaitley said that the process of transformation of IDBI Bank has started. (Reuters)
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Biocon: Biocon gets nod to sell diabetes product in Japan. Biocon has received approval from the Japanese health authority to sell its biosimilar product 'Insulin Glargine' in that country.The Ministry of Health, Labour and Welfare (MHLW) of Japan has approved the sale of Glargine, a significant achievement for Biocon and its commercial partner, Fujifilm Pharma, the biotech major said in a filing to BSE. (Reuters)
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Narendra Modi: Prime Minister Narendra Modi on Monday said the growth in the Indian economy was led by some of the reforms undertaken by his government since taking over in May 2014, and not by the fall in crude oil prices, a move that has resulted in the South Asian nation being recognised as the fastest growing country in 2015.<br><a href=https://www.financialexpress.com/article/economy/indias-economic-success-is-due-to-reforms-narendra-modi/230337/">Read full story</a></br> (PTI)
‘TCS employee forced into early retirement after 30 years,’ claims Reddit user; ‘No severance pay, no compensation’
