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Netflix signs 3-year deal with SRK’s Red Chilies Entertainment


American multinational entertainment company Netflix has signed a three-year deal with Shah Rukh Khan’s Red Chilies Entertainment. With the deal, all the movies of Bollywood’s star Shah Rukh will exclusively be available on Netflix. The first SRK’s movie that will be uploaded on Netflix will be ‘Dear Zindagi’, which is set to hit the theatres on 25 November, 2016. The ...

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Tata Industries removes Cyrus Mistry as director


Counting on shareholders’ votes and after its Extraordinary General Meeting (EGM), Tata Industries removed Cyrus P Mistry as the company’s director. Following EGM of Tata Industries today, six other companies -Indian Hotels, Tata Steel, Tata Consultancy Services, Tata Chemicals, Tata Motors and Tata Power – will hold their EGMs in the coming days. The move came after Ratan Tata, the ...

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Berlin’s Delivery Hero acquires startup Foodpanda


Delivery Hero Holding GmbH has acquired Rocker Internet-backed Foodpanda. The acquisition has brought together Germany’s two top food delivery startups. Financier of both the startups — Rocket Internet SE — said the joint business will operate in 47 countries. The acquirement will let the company process more than 20 million food orders in a month. As per reports, Delivery Hero ...

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India signs deal with US to get 145 M777 howitzers


India has inked a deal, worth Rs 5,000 crore approximately, with US for the supply of 145 M777 ultra-light howitzers. These artillery guns are to be deployed near the Indo-China borders. The letter of offer and acceptance has been signed by India in this regard, reports said. The US is said to deliver first three M777 ultralight howitzers, out of ...

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Indian firm JSW Steel may buy Italy’s Ilva plant: Reports


Indian firm JSW Steel has joined bid with an investor to take over Italy’s troubled Ilva steel plant, reports said. Sajjan Jindal led steel firm has signed an agreement with Italian steel firm Arvedi to make the bid, the report said. Another joint bid to buy Ilva has been made by Luxembourg-based multinational steel manufacturing corporation ArcelorMittal and Italy’s Marcegaglia. ...

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Airtel launches India’s first payments bank


India’s leading global telecommunications services company, Airtel has launched one of its kind, payments bank in the country. Airtel Payments Bank, has come up with a pilot project in Rajasthan. It is offering a whopping 7.25% interest on savings bank accounts which is the highest ever return offered by a bank in India. Airtel issued a statement and mentioned that ...

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Nepal govt cancels $1 billion expressway project with Indian firm


In a surprise move, Nepal government abruptly called off all the contracts with Indian construction firm Infrastructure Leasing & Financial Services (IL&FS). They were in the plans to build a USD $1 billion expressway project. The project was to connect the Nepal capital Kathmandu with the southern Terai region near the Indian border through a 76-km-long fast track road. Nepal ...

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Donald Trump’s firm inks deal for realty project in Kolkata


The New York based private company of US president elect Donald Trump — Trump Organization -– has inked a deal with a Kolkata realty firm Unimark Group for a residential project, sources said. The partners will construct a 4,00,000 sq. ft residential area at the EM Bypass stretch in Kolkata. The project will also have a signature Trump Tower. The ...

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Paytm clocks in 25 mn offline transactions in six days in India


Prime Minister Narendra Modi’s demonetization drive has benefitted the Alibaba-backed payments platform the most. The Indian e-commerce giant Paytm has clocked 25 million offline transactions in the past six days. Paytm has announced that it’s user base of app has now crossed 75 million. The e-commerce giant took to Twitter to announce the news of crossing the 50 million app download ...

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36th India International Trade Fair Kicks off in Delhi

36th India International Trade Fair Kicks off in Delhi

President Pranab Mukherjee on Monday inaugurated the 36th India International Trade Fair (IITF) at Pragati Maidan in Delhi. Organised by the India Trade Promotion Organisation (ITPO), this IITF is based on the theme of ‘Digital India’. This year, the ‘Partner Country’ is South Korea and the ‘Focus Country’ is Belarus. Similarly, the ‘Partner States’ are Madhya Pradesh and Jharkhand, while ...

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