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GoAir offers up to 13 lakh seats starting at Rs 1,313

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Mumbai, 05 November  : Budget carrier GoAir on Monday announced a 13-day special sale across all sectors, offering up to 13 lakh seats with ticket prices starting as low as Rs 1,313 (all-inclusive). According to the airline, the special sale scheme is offered to mark the company’s 13th year of establishment.

“These tickets are on sale for purchase from November 5 and available until November 18. This offer is available across all routes that GoAir operates,” the airline said in a statement.

The tickets under the scheme are available for the travel period from November 5, 2018 to November 4, 2019.

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No rise in Ambani’s stake, subsidiaries’ shares merged with RSHL: RIL

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New Delhi, 19 Sep : Denying reports of rise in Mukesh Ambani’s stake in Reliance Industries (RIL), a company spokesperson has said that under the ongoing restructuring of RIL’s subsidiaries, five subsidiaries holding 17.19 crore shares have merged with Reliance Services and Holdings Limited (RSHL), a company controlled by Petroleum Trust.

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WOW air launches India-Iceland flights

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New Delhi, 07 December : Icelandic low-cost, long-haul airline WOW air on Friday launched its flight from New Delhi to Reykjavik-Keflavik Airport in Iceland.

The inaugural flight was flagged off from the Indira Gandhi International Airport (IGIA) earlier in the day.

According to the airline, it will operate three weekly flights from New Delhi, connecting passengers to North America and Europe through its hub in Iceland.

The ultra-low fares reflect the need for affordable travel from India to transatlantic destinations. It also gives an opportunity for Iceland to open up to the world and as a tourist destination to Indian travellers, said Kiran Jain, Managing Director of WOW air.

“Staying true to our mission of enabling everyone to fly by offering reasonably low fares to our destinations, we are hopeful that more people will have an opportunity to fly around the world,” Jain said.

At present, the airline has four fare options including “WOW basic, WOW plus, WOW comfy and WOW premium”.

Besides its New Delhi-Reykjavik flight, the airline serves a number of destinations from New Delhi including Chicago, Orlando, New York, Detroit, Baltimore, Boston, Pittsburgh, Los Angeles and Washington DC in the US; Toronto and Montreal in Canada.

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HCL buys IBM Software Products for $1.8 bn

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New Delhi, 07 December : Indian software major HCL Technologies on Friday said it was acquiring IBM Software Products for $1.8 billion (Rs 12,700 crore) in an all-cash deal.

“The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews,” said the Noida-based IT firm in a mandatory filing on the BSE.

The software products represent an addressable market of over $50 billion and include Appscan for secure application development, BigFix for secure device management, Unica for marketing automation, Commerce for omni-channel eCommerce, Portal for digital experience, Notes and Domino for e-mail and low-code rapid application development and Connections for workstream collaboration.

Both the firms have an ongoing IP (Intellectual Property) partnership for five of these products.

“We see a huge opportunity to enhance our products and platforms’ offerings. The products being acquired are in large growing market areas like security, marketing and commerce, which are strategic segments for us,” added the filing.

HCL Chief Executive C. Vijayakumar said in a statement later that deployment of the IBM software products would provide the company an opportunity to serve thousands of global enterprises across industry verticals.

“As many of these products are well regarded by clients and industry analysts, we see a good growth trajectory for them, as we are committed to invest in their innovation and further development,” said Vijayakumar.

HCL also sees huge potential for creating compelling ‘as-a-service’ offerings by combining these products with its traditional services.

“Over the last four years, we have been prioritising our investments to develop integrated capabilities in Artificial Intelligence (AI) for business, hybrid cloud, cyber-security, analytics, supply chain and blockchain, besides industry-specific platforms and solutions, including healthcare, industrial IoT and financial services,” said the statement.

Noting that the suite of products being acquired were among the high-value segments, IBM Vice-President for Cognitive Solutions and Research John Kelly said the US-based IT behemoth believed the time was right to divest its software assets, as they were being delivered as stand-alone products.

“We, however, believe these products are a strategic fit for HCL, which is well positioned to drive innovation and growth for their customers,” added Kelly.

The company’s blue chip scrip with Rs 2 face value, however, lost Rs 57.04 per share till the afternoon session on the BSE to trade at Rs 954.90 from Thursday’s closing price of Rs 1,011.95 and opening rate of Rs 1,001.

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