Amazon VP Tim Bray quits, calls company 'chickenshit' for firing workersTim Bray, a senior software engineer at Amazon, has stepped down from office citing the company's decision to fire protesting employees who called out its labour practices. In an open letter titled 'Bye, Amazon' on his website, he declared that May 1 was his last day as the Vice President and distinguished engineer at Amazon Web Services after five years and five months. Calling his stint at Amazon rewarding f...

The consortium consortium of the Indian public sector banks led by State Bank of India seeks to recover nearly Rs 9,000 crore of unpaid loans from the embattled liquor baron Vijay Mallya

A bankruptcy order was sought against Vijay Mallya by a consortium of the Indian public sector banks led by State Bank of India (SBI).

Mallya also stated that he had made repeated offers to pay 100 per cent of the amount Kingfisher Airlines had borrowed from the banks

Even though YES Bank collapsed because of high non-performing assets (NPAs), Rana Kapoor was once known for his unmatched ability to recover every penny lent to the most shrewd and dubious clients, which also earned him the title of the 'lender of the last resort'

\"Reduction of corporate tax rate is a first supply side move to get private investment back; for many years, India was disproportionally dependent on consumption driving economic growth and not investment. On demand side, we need to get more confidence,\" says Kotak

In a statement issued on January 28, BMS said that while calculating profit and loss of Air India, one should consider the role Air India has been playing to serve the passengers in many low-profit or loss-making routes

Is the truce between the warring co-founders of IndiGo for real?

Govt warns Amazon, Flipkart, other foreign e-commerce firms over discountsIndia has told foreign e-commerce firms such as Amazon and Walmart's Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters. Commerce Minister Piyush Goyal has said that while the government was prepared to listen to concerns about its new foreign direct investment rules (FDI), it ...

Government warns Amazon, Flipkart, other foreign e-commerce firms over discounts, US wants India to lower barriers and embrace fair, reciprocal trade, and more on News Blast.

Jet Airways might be heading for bankruptcy as it seems to have lost the chance to secure a buyer

Aggressive fleet induction plans of large airlines are likely to push aviation sector into dark ages

India's request to extradite Mallya was approved by UK home secretary in February this year

In a series of tweets, Vijay Mallya drew parallels between his Kingfisher Airlines and Jet Airways, while once again offering to repay the Indian banks in full

The concern to save the embattled Jet Airways is common all around, the suggestions to this end from various quarters are different though

Jet Airways crisis: NAG president said that they don't want to see a repeat of the human tragedy that unfolded after Kingfisher Airlines shut down.

Commoners, actors, politicians, sports people and corporate heads have expressed concerns over the fall of India's most admired private airline

Civil Aviation Secretary Pradeep Singh Kharola says the movement of airfares is being closely monitored

Mallya, in a Tweet, quoted PM Modi's recent interview where he said the government had recovered more money from the businessman than he owed the banks. Mallya highlighted that the banks had claimed otherwise in English courts.