Companies

Essar Oil to pump in Rs 1,625 crore to expand refining capacity in UK

The oil marketing firm aims to increase its refining capacity from 9.09 million tonnes per annum to 9.7 million tonnes by March 2018.

Sep 6, 2017

Pakistan cashing in on Qatar blockade as new trade routes thrive

The state-run conglomerate Milaha said the first vessel will arrive at the newly-inaugurated Hamad Port outside the Qatari capital on September 11.

Sep 6, 2017

Automation could render 7.5 lakh low-skilled Indian workers jobless by 2022

This directs the need for the IT low skilled workers to acquire new skill sets that are market relevant and roles are not under the automation threats.

Sep 6, 2017

If Air India bid fails IndiGo may buy stake in Jet Airways

IndiGo has a greater chance to seal the Air India deal with new foreign direct investment (FDI) policy in place.

Sep 6, 2017

Mark Zuckerberg and other business leaders oppose Trumps order to end DACA

Apple CEO Tim Cook and Googles Sundar Pichai were among those business leaders who expressed support for their co-workers living with a DACA status in the US.Their reactions come in response to US President Donald Trumps order to end the Deferred Action for Childhood Arrivals (DACA) policy. The program gives work permits to people, often called Dreamers, who came to America illegally as children.

Sep 6, 2017

India freezes bank accounts of 2 lakh suspected shell companies

Under the order, the owners and their nominated signatories will not be able to operate bank accounts until such companies are legally restored.

Sep 6, 2017

Maruti Suzuki India will go full throttle on electric: R C Bhargava

Bhargava said the company will come with electric vehicles after determining customer preference.

Sep 5, 2017

What is Daca and who are the dreamers?

US President Donald Trump is expected to scrap a program that gives work permits to people who came to America illegally as children. The Obama administration policy protects nearly 800,000 young men and women, often called Dreamers, from deportation and allows them to work legally.

Sep 5, 2017

Revenue view: OYO Rooms to tap empty flats, create mini hotel rooms

Unlike OYO-owned hotel rooms, the flat rooms will have no caretakers. But there will be a person who will help guests with the check-in process.

Sep 5, 2017

Patanjali out of foam, told to stop airing ad trashing Lux, Pears, Lifebuoy

Bombay High Court directed the Baba Ramdev-run firm to not air the advertisement which skewers soap brands like Lux, Pears, Lifebuoy and Dove.

Sep 5, 2017

Zomato in advanced talks with Alibaba's Ant Financial to raise $200 million

If the deal fructifies Zomato's valuation might also exceed $1 billion.

Sep 5, 2017

Over 2 lakh company directors cannot hold board position in new ventures

This number is expected to surge in the coming months and the crackdown against these directors will commence in a few days.

Sep 5, 2017

Novartis puts Indian doctor from Harvard in charge as CEO Jiminez leaves

Narasimhan will be the youngest among a group of new chieftains helming global pharmaceutical companies.

Sep 4, 2017

Insolvency proceedings: Supreme Court stays NCLT order against Jaypee Infra

As of March 31, 2017, consolidated debt of the company stood at Rs 7,922 crore with a negative interest coverage ratio, which indicates that the company is not earning enough to repay its debt.

Sep 4, 2017