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After bitter exit, GoAir former CEO charged with data theft by airline

After bitter exit, GoAir former CEO charged with data theft by airline

Wolfgang Prock Schauer, who quit GoAir as its chief executive officer following differences with its promoters, has been accused of data theft.

Prock Schauer joined rival IndiGo as its chief operating officer in January-end and GoAir sues him in the Bombay High Court within weeks of his appointment.

Four youths arrested on charge of stripping, abusing girl in Jehanabad

Four youths arrested on charge of stripping, abusing girl in Jehanabad

Police have arrested four youths on the charge of stripping and abusing a girl in Jehanabad district and sharing the video of the incident on social media.

The police also seized the bike used by the culprits, all said to be in the age group of 16-18.

Bengal panchayat polls: Without contest, Mamata's TMC wins record 34% seats

Bengal panchayat polls: Without contest, Mamata's TMC wins record 34% seats

In an unprecedented development, Mamata Banerjee’s Trinamool Congress has bagged 34% seats in yet-to-be conducted Panchayat Polls.

There will be no polling in 20,076 seats of the total 58,692 seats in the forthcoming three-tier Panchayat polls in West Bengal because the ruling Trinamool Congress has won at about one-third seats uncontested.

Aditya Ghosh quits as IndiGo prez; stock rebounds after 6% fall on Friday

Aditya Ghosh quits as IndiGo prez; stock rebounds after 6% fall on Friday

Shares of Interglobe Aviation rebounded, gaining 1% on Monday after falling over 6% on Friday after IndiGo announced today that Aditya Ghosh will step down as President and is likely to be replaced by one of its former executives Gregory Taylor.

It said Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.

Ola, Uber control 90% of cab market: Would their merger get the CCI's nod?

Ola, Uber control 90% of cab market: Would their merger get the CCI's nod?

In a span of a few years, mobile app-based cab companies have drastically changed the face of public transport in bigger Indian cities. Ever since the homegrown Ola and the international darling Uber made their entry in Indian markets, they been engaged in an almost neck-to-neck battle.

Understandably, recent rumours of a possible Ola-Uber merger in India have raised many eyebrows. While it is unclear if the deal will actually go through, Japanese conglomerate SoftBank, which is a common stakeholder in both ANI Technologies (Ola’s parent company) and Uber, is said to be brokering a deal in order to consolidate its investments.

Reliance Industries falls over 2% post Q4 earnings results

Reliance Industries falls over 2% post Q4 earnings results

Reliance Indutries (RIL) fell over 2% after the company’s consolidated finance cost jump to Rs 25.66 billion as against Rs 5.56 billion in the last quarter of 2016-17, and Rs 21 billion in the December 2017 quarter.

The company reported a consolidated net profit of Rs 94.35 billion for the quarter ending March 31 (Q4) on the back of improved performance of its petrochemical and retail businesses.

5 killed in Kabul suicide blast, several journalists among injured, reports Afghan media

5 killed in Kabul suicide blast, several journalists among injured, reports Afghan media

Five people were killed in a suicide blast in Afghanistan’s capital city Kabul on Monday morning.

According to local media reports, there were two blasts at the same location. There are several journalists among the injured, TOLO News said on Twitter.

Odisha: 6-year-old rape victim dies after 9 days in hospital

Odisha: 6-year-old rape victim dies after 9 days in hospital

A six-year-old girl who was raped, strangulated and left to die inside a school campus in Odisha's Cuttack district on 10 days ago, died on Sunday at the hospital where she was undergoing treatment.

The girl was found in the school at Jagannathpur village in a very critical condition and was immediately rushed to a nearby private nursing home from where she was shifted to SCB Medical College and Hospital in Cuttack, where she died on Sunday.

Cashback and discount: Modi govt's mega plan to boost digital transactions

Cashback and discount: Modi govt's mega plan to boost digital transactions

The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, a source said.

As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a discount over the maximum retail price (MRP). The discount would be capped at Rs 100.

Amazon sees 29% jump in global losses on India business

Amazon sees 29% jump in global losses on India business

BENGALURU: Amazon’s international losses jumped 29% to $622 million for the quarter ending March 2018, as against $481 million for the corresponding period in the previous year. The web retailer’s year-on-year losses from its global business continue to rise largely due to its India investments.

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