GMR Infrastructure which operates the New Delhi international airport and the Hyderabad international airport has sought the approval of its lenders to demerge its airports arm and list it separately, according to a tweet by CNBC TV18.

GMR Infrastructure which operates the New Delhi international airport and the Hyderabad international airport has sought the approval of its lenders to demerge its airports arm and list it separately, according to a tweet by CNBC TV18.

India’s largest e-commerce marketplace Flipkart has opted to go with Microsoft’s Azure cloud computing platform, moving away from global rival Amazon’s AWS cloud services.

The deal between the Redmond company was announced by Microsoft CEO Satya Nadella himself, during the course of a chat with Flipkart Group CEO Binny Bansal and Infosys co-founder Nandan Nilekani in Bengaluru on Monday.

Virat Kohli became the first Indian sports personality to strike a Rs 100-crore endorsement deal with a single brand, reported Times of India. Kohli signed an eight-year deal with sports apparel brand Puma worth Rs 110 crore. The Indian cricket captain is now set to join the likes of Usain Bolt, Asafa Powell and Thierry Henry, among others, as a global ambassador for the brand.

The long-term deal could potentially cover Kohli’s remaining career with the Indian team. A bulk of the endorsement deal, estimated between Rs 12 crore to 14 crore annually, is locked up in fixed payout.

NASA has awarded $30,000 to three winners for designing new human waste management systems that would let astronauts urinate and defecate inside their spacesuit for up to six days.

The top award of $15,000 for the Space Poop Challenge, went to Thatcher Cardon, a physician from the US, for his design of the MACES perineal access and toileting system (M-PATS).

A Rs 1,380 crore contact given by GST Network to Infosys to build and maintain technology network for the proposed new indirect tax system is liable to service tax, feel experts. However, ideally services given by GSTN and received by it should be exempt from service tax, they said.

The service tax department is investigating whether the contract is liable to tax. It has asked GSTN CEO Prakash Kumar to come out with all the relevant papers in this regard.

Shares of telecom service providers were in focus with all frontline stocks like Bharti Airtel, Idea Cellular, Reliance Communications (RCom), MTNL and Tata Teleservices (Maharashtra) up between 2% and 8% on the BSE.

At 10:40 am; the S&P BSE Telecom index, the largest gainer among sectoral indices, was up 1.85% as compared to 0.15% rise in the benchmark S&P BSE Sensex.

Air India has decided to operate an A-320 aircraft, having 168 seats, on the Delhi-Bhopal-Delhi route from February 20, an official said on Saturday.

Air India Chairman and Managing Director (CMD) Ashwani Lohani took the decision to make an A-320 aircraft operational on the Delhi-Bhopal-Delhi route in evenings following his recent visit, said Vishrut Acharya, airline's General Manager of Madhya Pradesh and Chhattisgarh. During the CMD's visit, travel agents told him that the present aircraft A-319, which has 122 seats, operating on the route was inadequate, he added.

Handcuffed and bound with ropes, the heir of electronics giant Samsung appeared for questioning today over his alleged involvement in the corruption scandal currently engulfing South Korean President Park Geun-Hye.

Among other allegations, Lee is accused of paying nearly $40 million in bribes to a confidante of the impeached president to secure policy favours.

Mega actor Sai Dharam Tej’s next action flick Winner cleared its censor formalities and was given a U/A certificate. The film is set to release on February 24.

“Sai Dharam Tej’s commercial entertainer Winner has completed its censor formalities and the movie has been awarded U/A certificate without any single cuts by censor sleuths who lauded makers for making an entertaining film. Winner has now completed all the hurdles and the movie will be released on the auspicious day of Maha Sivaratri- February 24,” said the filmmakers in a statement.

The country’s largest car maker Maruti Suzuki has further consolidated its position as the most preferred carmaker among government employees. In the first 10 months of the current fiscal —April to January — sales volumes to government employees increased 31% year-on-year to 2,34,000 units against 2,17,000 a year ago.

In August 2016, the first tranche of payment of the Seventh Pay Commission recommendations were made, which pulled up sales of products like the Alto, Wagon R, Swift and Dzire. Out of total number of cars sold by the company to the government employees, the Alto constituted 26% and was followed by the Swift (16%), Wagon R (15%) and Dzire (14%).

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