Air India plans to close its 64 city booking offices in the country by October 1. Saddled with rising losses, the government-owned airline is reviewing the viability of its offices in 46 foreign cities.

“The city office in Madurai has been closed. There is no need to maintain physical infrastructure for ticketing, cancellation and refund when most airlines are aggressively using the web. It has been decided to close all city booking offices by October 1,” said an Air India executive.

S ‘Kris’ Gopalakrishnan, a co-founder and non-executive vice-chairman of Infosys, the information technology giant, has plans to invest in start-ups after his retirement in October. He’d possible look at those in areas such as e-retailing and digital marketing.

He’s also expanding his family office, which runs a Pratiksha Trust. According to Forbes magazine, Gopalakrishnan’s net worth is currently close to $1.5 billion (Rs 9,150 crore).

CHENNAI: Kotak Life Insurance has launched Kotak Assured Income Accelerator, a plan that factors in the ever increasing cost of living by paying an increasing annual guaranteed income during the payout phase.

Annual payout of the guaranteed income commences after the premium payment term is over. At maturity, a guaranteed maturity benefit is also payable along with the last installment of the increasing guaranteed income.

Glasgow: Parupalli Kashyap brought the curtains down on India’s campaign in the 20th Commonwealth Games to a thunderous applause, winning a historic gold in the men’s singles badminton here on Sunday, as the country earned a fifth-place finish with 64 medals, including 15 gold.

The quest for a CWG hockey gold though remained unfulfilled as the Indian men’s team went down tamely 0-4 to title holders and world champions Australia in the final.

As it goes after fraudsters who dupe gullible investors of their hard earned money, capital markets regulator Sebi has launched an all-out mass media campaign to make the public aware about troubles of investing on hearsay and in pursuit of high returns in less time.

Using various media including TV, radio and print, the Securities and Exchange Board of India is specially targeting the collective investment schemes (CIS) wherein investors are promised doubling of their investments within a few months, or guaranteed fixed returns for their entire life after investing some thousands or lakhs of rupees.

Japanese carmaker Honda emerged as the third-largest carmaker in July with a 40% jump in volumes to 15,709 units, overtaking home-grown player Mahindra, which saw a drop of 5% in monthly sales to 14,708 units.

With a market share that has more than doubled from about 3% in FY13 to almost 7% (April-June FY15), Honda is behind market leader Maruti Suzuki and Hyundai that command about 44% and 17% market shares, respectively.

BSE Sensex rose for the first time in three sessions and closed 96 points higher to reclaim the 26,000 level today powered by gains in bluechips, led by Bharti Airtel, on encouraging quarterly earnings.

After slipping to 25,850.04 points in early trade on selling by cautious participants ahead of monthly expiry in the derivatives segment, the 30-share Sensex bounced back to close 96.19 points, or 0.37 per cent, higher at 26,087.42. Intra-day, it touched a high of 26,113.48.

With Maruti, Bharti, HUL and Idea all beating the Street, the mood in corporate India, if not actually, upbeat, is certainly better than it was a few months ago. There is, however, some despondency that goes with the realisation that the core of the economy remains in deep trouble; from Larsen &Toubro to NTPC and Ultratech to Sesa Sterlite, large chunks of industry continue to find the going tough.

SINGAPORE: India's Oil and Natural Gas Corp (ONGC) has sold a late August naphtha cargo at close to $23 a tonne above Middle East quotes on a free-on-board (FOB) basis, about 26 percent lower than two cargoes it sold recently, traders said on Monday.

The 35,000-tonne cargo, scheduled for Aug. 23-24 loading from Hazira, was sold to Unipec on Aug. 1, coming at a time when tight supplies have eased and traders were seen with unsold barrels.

NEW DELHI: India's biggest realty firm DLF is expecting Rs 200 crore rental income per year from its large luxury shopping mall in Noida to be launched early next year.

'DLF Mall of India' with 2 million sq ft of leasable area is being developed in Noida in the National Capital Region at an investment of Rs 1,100 crore and touted as one of the biggest in the country.

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