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Air India unveils revamp plan after privatisation setback

NEW DELHI State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top company official said on Friday, days after a plan to privatise the ailing airline was called off.

Recent Business News

Trump car tariffs could run European convertibles off U.S. roads

In the years before he became president of the United States, Donald Trump owned luxury German cars. Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump's proposal to slap tariffs on imported cars takes effect.

Economy, 3:40am IST

VW may seek damages from ex-CEO Winterkorn over dieselgate

FRANKFURT Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.

12:14am IST

Corrected: Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings

(Corrects Xiaomi's scheduled listing date is July 9, not July 7, in par 2)

Tech, 2:28pm IST

It's a tie! Greek PM marks debt deal with sartorial twist

ATHENS After long insisting he would only wear a neck tie when Greece's debt problem was settled, Prime Minister Alexis Tsipras duly did so on Friday, after euro zone peers offered debt relief that marks a turn away from the country's long crisis.

2:30pm IST

Iran says OPEC, allies to increase oil output by 500,000 bpd

VIENNA Iran's oil minister Bijan Zanganeh said on Saturday that OPEC and its allies will increase oil output by close to 500,000 barrels per day after agreeing a new production deal on Friday.

3:18pm IST

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