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New Delhi: Jet Airways, which suffered a loss of Rs 4,130 crore in 2013-14, on Wednesday said it aims to turn profitable in the next three years and was planning a major overhaul of its fleet and products, months after Gulf carrier Etihad Airways picked up 24 per cent stake in it.

"We plan to reduce losses in 2015, consolidate in 2016 and turn profitable in 2017.... We are already on track as our international business has turned profitable. We now have to take our business forward," Jet's CEO designate Cramer Ball told a press conference here. Ball is yet to get necessary clearances to formally take over his position.

London, July 23 - British Formula One racer Lewis Hamilton has started talks with his current team Mercedes for a bumper new three-year deal which is speculated to be worth close to 70 million pounds.

Mercedes boss Toto Wolff revealed that the two sides are already in discussion even though Hamilton's current contract, which began in 2013, still has 18 months to run.

Mumbai: Software giant Tata Consultancy Services (TCS) on Wednesday attained a market valuation of over Rs 5 lakh crore for the first time, helped by a rally in the stock.

The market capitalisation (m-cap) of TCS surged to Rs 5,03,148.25 crore, the highest for the company since its listing in 2004.

In dollar terms, TCS' market valuation rose to USD 83 billion.

Interestingly, TCS's current market capitalisation is higher than the combined valuation of Infosys (Rs 1,90,103.75 crore), HCL Technologies (Rs 1,08,069.20 crore), Wipro (Rs

New Delhi: Canadian handset maker Blackberry on Wednesday slashed prices of its QWERTY devices -- 9320, 9720 and Q5 -- by as much as Rs 6,000 to sell them for Rs 9,900 onwards.

The price of 9320 has been cut by 10 percent from Rs 11,000 to Rs 9,900, while 9720 will be available for Rs 11,990 (from Rs 15,990 earlier).

BlackBerry 9320 is the first 3G enabled device from the smartphone maker's portfolio in the sub-Rs 10,000 range.

The Q5 will now be available for Rs 13,990, cheaper by almost 30 percent from the earlier price of Rs 19,990.

Rmseed settled down -0.63% at 3635 due to strong stockiest liquidation in local ma