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Bharti Airtel calls off Rs 700 cr deal to acquire Loop Mobile
Telecom major Bharti Airtel has called off its plans to acquire business and assets of Mumbai based Loop Mobile, for about Rs 700 crore, as the Department of Telecom is yet to clear the deal.

Private airlines fly better despite peer pressure
Air India's monopoly ended in 1991 when private-sector companies were allowed to enter commercial aviation. Till then, the national carrier was the king and passengers had to pay a fortune to fly. The result of competition has been predictable.

Khosla incubates start-up to enable bank transcations via kirana stores
Novopay Solutions, incubated in Bangalore under the guidance of Srikanth Nadamuni, is a mobile payment company that uses the Aadhaar biometric scanner to allow people to conduct banking transactions from neighborhood shops. Novopay has launched services in New Delhi, Mumbai, Kolkata and Bangalore, and plans to offer them across the country.

Baring Asia in talks to buy major stake in CMS
Baring Private Equity (Asia) is in advanced talks with Blackstone Group LP to buy a controlling stake in Indian cash management services firm CMS Info Systems, three sources with direct knowledge of the matter told Reuters.

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