Mumbai: Air India Ltd’s new chairman and managing director Ashwani Lohani said India’s oldest airline should target at least 90% on-time performance as it tries to revive its reputation.

In his first letter to employees on Friday, Lohani said it was important to ensure very high levels of OTP. “While the target will always remain 100%, at the initial stage, we should guarantee at least 90%,” he wrote in the letter, a copy of which was seen by Mint.

MUMBAI: While it is not unusual for companies manufacturing consumer goods to aspire to be the 'Apple Inc' of the segment that they are in, Axis Bank has ventured to announce that its digital offerings will be inspired by the customer experience provided by the world's largest tech company.

"Technology will be dime a dozen. We do not care what others have done. If you look at Apple, their focus is completely on customer experience.

India's top outsourcing firms are finding a sporty way to improve their branding and visibility. In consecutive weeks, Infosys, Wipro and HCL have all signed contracts with some of the biggest names in the world of sports, including global sporting brands Manchester United and Chelsea, hoping to emulate the success that IBM has had for years by providing infrastructure support to tennis governing body Association of Tennis Professionals (ATP).

Growth of e-commerce is set to drive changes in the preferences for commercial vehicles, giving rise to demand for those which can be on the road for longer period of time, bringing in fundamental changes to the efficiency of country's logistics sector, said officials of Tata Motors.

This would lead to vehicles with higher engine power and having smart tracking systems, they said.

Japan has agreed to modernise 400 railway stations across the country, while participating in Indian Railways' investment of $140 billion (approximately Rs 9.3 lakh crore ), over the next five years.

A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter has identified 400 stations to be upgraded in private investment, an official release said on Wednesday.

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value start-ups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

GenNext Innovation Hub, RIL's startup accelerator programme run in partnership with Microsoft Ventures, has inducted its second batch of 10 startups this week, which includes two Israeli companies, with a view to bring global exposure to the fledgling startup ecosystem in the country.

As part of its global expansion drive, two-wheeler major Hero MotoCorp plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries.

“Going forward in terms of manufacturing facility, we are looking at some other countries in the region like Mexico, Argentina and Brazil,” Hero MotoCorp’s Chairman, Managing Director and CEO Pawan Munjal told PTI.

NTPC, the largest power utility in the country, exceeded its capex (capital expenditure) target of Rs. 22,400 crore and recorded Rs.23,239 crore for the year ended March 31, 2015.

“Achieving such a huge capex targets is, in itself, a herculean task; exceeding these huge targets for two successive financial years has been an extraordinary achievement of the company. The capex of the company has doubled in the past five years. This should further strengthen shareholders confidence in the ability of team NTPC to achieve its ambitious targets, said Mr.

SEBI has barred Moongipa Investments and its directors from the capital markets after finding them guilty of misusing clients’ funds and securities.

Besides, Securities and Exchange Board of India (SEBI) has ordered impounding of financial assets of these entities.

Hike Messenger, which is headed by Kavin Mittal, son of telecom czar Sunil Mittal, today launched free group calling with a facility of connecting up to 100 people.

The calling feature, which will work over 4G and wi-fi to begin with is available on Android currently while iOS and Windows will be followed by end of the year, the company said in a statement.

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