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Turner Broadcasting plans to cut 1,475 jobs
Monday’s announcement follows an offer of voluntary buyouts to 600 veteran employees in August, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner.
Flipkart issues apology after Big Billion Day sale anomaly
The Big Billion Day sale had been marketerd for more than 10 days and unbeatable discounts as high as 90% were being offered on tech products such as Nokia Lumia phones and Samsung Galaxy tablets.
Maruti launches new sedan to take on Honda, Hyundai on India’s roads
Maruti Suzuki India Ltd, the nation’s top car maker, set an aggressive sales target for its first new sedan car in seven years, in a bid to break into a segment where it has previously had little success.
Hewlett-Packard splits off PC, printer businesses
The company said Monday that the PC and printer business will use the name HP Inc. The services business will be called Hewlett-Packard Enterprise.
New iPad to be unveiled on October 16 event
The event also will include a look at next-generation software for powering Macintosh computers, Re/code said, citing unnamed sources.
NBK sells Qatar bank stake for $538 million
National Bank of Kuwait, or NBK has sold its 30 per cent stake in unlisted International Bank of Qatar, or IBQ for 155 million dinars ($537.5 million), the Kuwaiti lender said on Thursday.
Etihad’s new livery lights up A380 jet
Etihad Airways, the national airline of the UAE, on Thursday unveiled a stunning new livery design which will be introduced across its fleet.
Robust first half posted by Air Seychelles
The airline posted total revenues of $50 million, up from $42 million in 2013, an increase of 20 per cent for the first half of the year.
Dewa chief meets Swedish minister
Saeed Mohammed Al Tayer, managing director and CEO of the Dubai Electricity and Water Authority, or Dewa, received a Swedish delegation headed by Ewa Bjorling, Sweden’s Minister for Trade.
Magna to set up 2 plants in Gujarat
Canadian auto component maker Magna International Inc, which has nine factories and four engineering centres in India, will set up two new plants in the country with plans to commence production next year.
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