Vijay Mallya-run private air-carrier Kingfisher Airlines is planning to start daily flight between Mumbai and London from Monday. The move is aimed to expand its overseas operations. The new flight would leave for Heathrow's Terminal at 1.50 pm IST from Chhatrapati Shivaji International Terminal, Mumbai and reach London at 5.55 pm GMT. The company would use brand new Airbus 330-200 aircraft which is configured in two classes namely Kingfisher First and Kingfisher second Class.
The State Bank of India (SBI), the largest bank in the country, has picked up 19.7 per cent equity in Orissa-based Mayfair Hotels and Resorts (MHRL) through a private equity (PE) deal, for an undisclosed sum.
The group currently has four hotels in the state and plans to use the funds to expand organically and geographically.
The deal was for 37.33 lakh shares with a face value of Rs 10 each. Post-deal, the promoters' share will be 80 per cent.
Quippo Telecom Infrastructure Ltd (QTIL), a SREI Group subsidiary, has finally acquired a 49 percent stake in Wireless Tata Telecom Infrastructure (WTTL), Tata Teleservices' tower arm.
Under the deal, QTIL will pay Rs 2400 crore to Tatas, and transfer its 5000 towers into WTTI. In addition, QTIL will have management control in the firm.
Signaling the first flourish of laptop announcements for this week's Consumer Electronics show, Lenovo, having pooled its resources in the quest of thinner and lighter laptops, announced some new models of IdeaPad, aimed at strengthening its consumer line.
The UB Group-owned Kingfisher Airlines has announced a 21 to 65% fare cut on various routes with effect from Jan 1.
Kingfisher chairman and chief executive Vijay Mallya further informed, “The declining price of ATF (air turbine fuel) facilitates such consumer-benefiting initiatives that will also stimulate the industry. The rate cuts are consistent with our mission to aggressively pursue increase in market share and to deliver India's only five-star experience at highly competitive fares.”
On Friday, a low-cost home computing device was launched by the Bharat Sanchar Nigam Limited (BSNL) and Chennai-based IT solutions company Novatium, which could help the former achieve a target of 9 million broadband connections across the country in the next couple of years.
Chairman and Managing Director of BSNL Kuldeep Goyal informed at a press conference after the launch of “Nova netPC” on the BSNL’s network, “Affordability issues over buying a desktop PC or laptop would no longer stand in the way of broadband penetration, especially in rural areas.”
Vijay Mallya-run private air-carrier Kingfisher Airlines is planning to start daily flight between Mumbai and London from Monday. The move is aimed to expand its overseas operations. The new flight would leave for Heathrow's Terminal at 1.50 pm IST from Chhatrapati Shivaji International Terminal, Mumbai and reach London at 5.55 pm GMT. The company would use brand new Airbus 330-200 aircraft which is configured in two classes namely Kingfisher First and Kingfisher second Class.
The State Bank of India (SBI), the largest bank in the country, has picked up 19.7 per cent equity in Orissa-based Mayfair Hotels and Resorts (MHRL) through a private equity (PE) deal, for an undisclosed sum. 
Quippo Telecom Infrastructure Ltd (QTIL), a SREI Group subsidiary, has finally acquired a 49 percent stake in Wireless Tata Telecom Infrastructure (WTTL), Tata Teleservices' tower arm.
Signaling the first flourish of laptop announcements for this week's Consumer Electronics show, Lenovo, having pooled its resources in the quest of thinner and lighter laptops, announced some new models of IdeaPad, aimed at strengthening its consumer line. 
The UB Group-owned Kingfisher Airlines has announced a 21 to 65% fare cut on various routes with effect from Jan 1. 
On Friday, a low-cost home computing device was launched by the Bharat Sanchar Nigam Limited (BSNL) and Chennai-based IT solutions company Novatium, which could help the former achieve a target of 9 million broadband connections across the country in the next couple of years. 
