After three others including Oyo backed out, private equity firms KKR and Apax Partners were the only ones left in the race to buy a significant stake in Café Coffee Day (CCD).

Tata Sons and AirAsia Berhad decided to amend a controversial brand licensing agreement that gave the Malaysian firm control over crucial functions of the carrier.

IndiaMART, India’s largest online B2B marketplace, has seen its stock price rise nearly 120 percent since listing in July this year. Brokerage firm Jefferies has initiated a buy rating on the stock with a target of Rs 2,500. Dinesh Agarwal, founder and CEO of IndiaMART InterMESH, spoke about the latest developments in the company in an interview with CNBC-TV18.

Thousands of passengers were stranded, as domestic airline GoAir cancelled 19 flights on various routes on for the second consecutive day on Tuesday. The airline had also cancelled 21 flights on Monday.