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Hyderabad, April 1 : With cash reserves of $70 million, online portal MakeMyTrip is looking to acquire companies which can bring more value, its CEO and founder Deep Kalra said.

The Nasdaq-listed firm is looking to acquire companies in areas like supplier disintermediation, pilgrimage travel and niche travel technology. MakeMyTrip, which so far had five merger and acquisition deals, is keen to acquire companies which can bring it closer to customers.

Los Angeles, April 1 : British pop star Jessie J has apologised to fans after an Internet pr

New Delhi, April 1 : Automobile major Hyundai Motor India Monday reported a decline of 4.7 percent in its total sales in March, which stood at 56,437 units as compared to 59,229 units sold in corresponding month of 2012.

"The slowdown of economy is impacting vehicle sales. Against large base of last year there was a sharp drop in conversion of enquiries in the absence of any positive stimulus and sentiments," said Rakesh Srivastava, vice president (sales and marketing), Hyundai Motor India.

"We foresee the pressure on volumes to continue till there is significant improvement in macro-economic factors," he added.

Kolkata, April 1 : The Shah Rukh Khan owned Red Chillies Entertainment (RCE) which broke even last year is hoping for a 25 percent growth year on year, a top company official said here Monday.

"We have achieved break even in March last year and as a company we are hoping to grow by 25 percent year on year," company chief executive officer Venky Mysore told media persons on the sidelines of an event here.

Mysore, however, refused to comment about the revenue of the company.

The Japanese Bankers Association, a leading bank lobby, has said that the policies of Prime Minister Shinzo Abe are most likely to boost business confidence and encourage capital spending in the country.

Takeshi Kunibe, the new head of the Japanese Bankers Association urged the government to begin deregulation in order to boost demand for loans in the Japanese economy. He replaced Yasuhiro Sato today as chairman of the Japanese Bankers Association. He said that the recovery of the Japanese economy will depend upon structural and regulatory reforms.

The UK Government has announced that it will offer tax incentives for firms involved in extraction of shale gas as part of the Budget 2013.

The incentives for `fracking' by the UK government have raised some concerns as many believe that the process has a huge impact on the environment. Even as neighbouring Ireland is still awaiting reports to determine if it will back the process, the UK government has announced a promotion strategy for extraction of shale gas and has said that Shale gas is a part of the country's energy strategy.