Ashwani Lohani to be Air India's new Chief Managing Director

The Cabinet on Wednesday approved the appointment of Ashwani Lohani as the new Chief Managing Director of Air India. Lohani was retired from his previous role as Railway Board Chairman on January 1.

Swedish luxury car maker Volvo Cars India will roll out its first locally-assembled plug-in hybrid XC90 by the end of 2019. This will be an SUV (sports utility vehicle) and will compete with the BMW X6 35i M Sport and the Mercedes-AMG GLE 43 4Matic.

Charles Frump, managing director, Volvo Car India, said on Wednesday the plug-in hybrid car will cost around 8% more than the diesel inscription car.

Coal India Ltd’s or CIL’s consolidated income from bank interest and other investment sources is likely to fall further this year following the Maharatna’s proposal to buy back shares worth Rs 1,050 crore.

On a consolidated basis, the coal miner usually earns more than Rs 4,600 crore every year as interest from various banks, dividend from mutual funds, rental income as well as profit from sale of assets, among others.

The TVS Apache RTR 160 4V lit up the 160cc motorcycle segment, displacing the likes of the Suzuki Gixxer, and the deal is now set to get sweeter with TVS offering single-channel ABS on the smallest capacity Apache. Only the Fi variant gets ABS for now and it is priced at Rs 98,644 (ex-showroom Pune), a premium of Rs 6,999 over the non-ABS variant. This is the only model of the Apache that gets single-channel ABS, with all the bigger models being equipped with a dual-channel unit.

PUNE: Tata Motors reported a 12 per cent fall in its global sales, including its British luxury car brand Jaguar Land Rover at 100,572 units.

The firm, which sells popular models like Tata Harrier and Tata Nexon, has sold a total of 1,14,797 units in the same month last year, the company said.

Even as we continue to see immense competition among mobile wallets with each vying for greater market share, Paytm’s Vijay Shekhar Sharma says that cashbacks work to retain customers. According to Vijay Shekhar Sharma, offering cashbacks makes the “customer pull out phone and try the product once.” Notably, Vijay Shekhar Sharma’s response came after UTV Group founder Ronnie Screwvala tweeted that he received a Rs 75 cashback after spending Rs 210 for a ice-cream. “At the airport and paying a single scoop of ice cream for Rs 210.

NEW DELHI: The government has asked struggling state-owned telco BSNL to look at all options, from a revival plan to disinvestment and even closure, as it looks to tackle the bleeding at India's largest loss-making PSU.

The direction to the company - which had accumulated losses of Rs 31,287 crore at the end of 2017-18 - was given following a meeting of top BSNL officials with telecom secretary Aruna Sundararajan, sources told TOI.

NEW DELHI: The collapse of Reliance Communications(RCom) marks a complete fall in flamboyant Anil Ambani's fortune as the 'prized family jewel' - that he inherited as part of a family settlement with elder brother Mukesh - comes to haunt him nearly 15 years after the Ambanis' mega expansion into the telecom business.

While Anil always viewed the telecom business as the next frontier for growth, after losing the lucrative oil and gas operations in the family settlement, heavy investments and stiff competition made it an uphill task for him to realise his dreams.

NEW DELHI: India's second-largest IT services firm Infosys has set up a digital innovation and design centre in Providence, US, and said it has hired over 100 people in the state of Rhode Island.

This hiring is part of its target of creating 500 jobs in the state by 2022, Infosys has said in a statement.

The benchmark Sensex gained over 150 points in early trade on Wednesday, snapping its four-session losing streak, on the back of positive macroeconomic data and better-than-expected earnings by some bluechip companies, amid positive global cues.

The 30-share barometer was trading higher by 169.36 points, or 0.47%, at 36,322.97. The gauge had lost over 720 points in the previous four days. The NSE Nifty too climbed 29.20 points, to 10,860.60. Barring teck, all the sectoral indices, led by realty, FMCG, power and bankex, gained up to 1.50 %.

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