Business news

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Jet shares turn volatile over Etihad offer reports while proposals include dilution of Goyal's equity and seats for lenders on the company's board.

Jan 17, 2019

Mindtree tempers earnings commentary even as profits jump 35%

IT company Mindtree's revenues rise 29.7 per cent amid suggesting the firm has diversified its client base that will help improve the earnings in the final quarter.

Jan 17, 2019

SBI to sell Essar Steel bad loan worth Rs 15,431 crore as insolvency case drags on

SBI is the largest lender to Essar Steel, which has run up a mammoth debt of Rs 49,000 crore.

Jan 16, 2019

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Reliance Industries joins blockchain platform VAKT in digital push

Oil majors such as Chevron and Total have also joined London-based Vakt, one of the early blockchain pilot schemes for commodities trading.

Jan 16, 2019

Flipkart and Amazon seek more time to comply with revised e-commerce policy

The US-India Strategic Partnership Forum had also raised its concern over the rules and had said that it would hamper the FDI inflow in the country.

Jan 16, 2019

Large borrowers defaults fall sharply after RBI orders 1-day default norm

RBI data show the defaulted loans fell more than 60 per cent to Rs 55,070 crore on September 30, 2018, from Rs 1.53 lakh crore on June 30, 2018.

Jan 16, 2019

Emirati tycoon Al Habtoor offers to buy Leela hotel chain

In a letter to Arun Jaitley, Rashid Al Habtoor has offered to clear the debts of Leela Group of Hotels to SBI and private lenders and make a public offer to buy shares.

Jan 16, 2019

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Etihad, which owns 24 per cent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout.

Jan 16, 2019

Cheer for Vodafone Idea employees; salaries to be raised first time after 2017

The employees of Idea Cellular and Vodafone have not been given salary corrections since 2017 amid deliberations taking place for the merger of the two companies

Jan 16, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

The SBI-approved proposal seeks lenders to recast the private airline's debt and increase foreign partner's equity participation.

Jan 15, 2019

Qatar Airways Group Chief Executive Officer Akbar Al Baker

Bad news for Jet: Qatar Airways won't invest in 'enemy-controlled' company

Both Etihad and Qatar Airways are promoted by cash rich Gulf Arab emirates, though Qatar Airways swung to losses last year after Qatar was placed under a blockade by neighbouring countries.

Jan 15, 2019

Yes Bank shares rise 5% on reports that Deutsche Bank India head leads CEO race

In September, the RBI decreed that Rana Kapoor cannot stay at the helm beyond January 31, and rejected subsequent appeals for revising of the decision. Kapoor's three-year term had expired on August 31.

Jan 15, 2019

Myntra CEO Ananth Narayanan quits to pursue 'external opportunities'

Myntra CEO Ananth Narayanan resigned from the fashion e-commerce company on Monday. Amar Nagaram has been chosen as his replacement and will report to Flipkart Group CEO Kalyan Krishnamurthy.

Jan 15, 2019

Sachin Bansal gets on board Ola with Rs 150 cr investment; app now valued at Rs 4,090 cr

Ola's filings with the Registrar of Companies reveals that Sachin Bansal made the investment on January 12.

Jan 15, 2019

With 1,300 jobs on offer, India remains Amazon's jobs hot spot

Amazon has almost 1,300 openings in India and in comparison, China has 467 job openings and Japan 381, followed by Australia and Singapore which have 250 and 174, vacancies respectively.

Jan 15, 2019

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Business news

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Mindtree tempers earnings commentary even as profits jump 35%

SBI to sell Essar Steel bad loan worth Rs 15,431 crore as insolvency case drags on

Reliance Industries joins blockchain platform VAKT in digital push

Flipkart and Amazon seek more time to comply with revised e-commerce policy

Large borrowers defaults fall sharply after RBI orders 1-day default norm

Emirati tycoon Al Habtoor offers to buy Leela hotel chain

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Cheer for Vodafone Idea employees; salaries to be raised first time after 2017

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

Bad news for Jet: Qatar Airways won't invest in 'enemy-controlled' company

Yes Bank shares rise 5% on reports that Deutsche Bank India head leads CEO race

Myntra CEO Ananth Narayanan quits to pursue 'external opportunities'

Sachin Bansal gets on board Ola with Rs 150 cr investment; app now valued at Rs 4,090 cr

With 1,300 jobs on offer, India remains Amazon's jobs hot spot

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]