Business news

Will Facebook battle Murdoch empire for buying ZEE stake from Subhas Chandra?

Mark Zuckerberg-led Facebook sends feelers to buy ZEE stake while Murdoch-backed Comcast-led consortium with Blackstone tie-up begin due diligence to buy a stake in ZEE from Subhash Chandra

Jul 4, 2019

NBFC crisis: RBI may get more teeth to regulate HFCs, review assets

Interestingly, housing finance companies in India are regulated by the National Housing Board and the RBI does not have direct authority over them.

Jul 4, 2019

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Kalpataru to sell assets worth Rs 3,275 crore to CLP India

Kalpataru estimates that the debt at the assets during commissioning will be about Rs 2,000 crore. The two companies share a vision to invest only in low carbon, clean energy portfolio in India.

Jul 3, 2019

Lee Iacocca, management guru and author (1924-2019)

Who was Lee Iacocca? Management icon and the father of Ford Mustang dies aged 94

Lee Iacocca, the author of several celebrated management books, was credited with resurrecting Chrysler from dead and starring in a series of 'if you can find a better car buy it' ads

Jul 3, 2019

Interview: Taylor Ogle, the man behind the success of fitness brand NFQ

San Diego-based entrepreneur Taylor Ogle says that he founded NFQ while living in his military dorm room.

Jul 3, 2019

Ola electric raises $250 mn from SoftBank, valuation close to $1 bn

SoftBank was allowed to infuse the funds into Ola after the Narendra Modi government asked the companies to electrify their fleet by 2025.

Jul 3, 2019

27% spurt in unclaimed money in banks points to low depositor awareness

Unclaimed funds in bank accounts rose to Rs 14,578 crore in 2018 and the life insurance sector is left with Rs 16,887 crore in unclaimed payments.

Jul 2, 2019

Advantage Reliance Jio as India may keep Chinese giant Huawei out of 5G trials

Market leader Vodafone Idea and Bharti Airtel that use Huawei equipment may be hit if the government decides to keep out the technology leader from China from 5G trials based on US warning.

Jul 2, 2019

Interests of Tata and Qatar Airways may cloud Etihad and Hinduja bids to buy Jet cheap

The UAE national carrier, a strategic partner holding about 14 per cent stake in the defunct private airline, has reportedly contacted the bankruptcy resolution professional.

Jul 1, 2019

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Rs 15 charge for net banking transactions? Paytm nixes reports

Some of the merchants, including educational institutes and utility service providers, do not absorb the credit card charges and pass on these charges to the customers.

Jul 1, 2019

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

The 7 lakh square feet Reliance Center in Santa Cruz to which Anil Ambani group of companies moved a few years back is expected to fetch Rs 2,000 crore.

Jul 1, 2019

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Growth, consolidation, or diversification? L&T's Mindtree CEO selection strategy

Although L&T has shortlisted three candidates to replace Rostow Ravanan as chief executive of newly acquired IT services firm, the final selection will show the engineering giant's plans for Mindtree.

Jun 30, 2019

Google appears to have leveraged Android dominance in India: Anti-trust watchdog

A 14-page order from the Competition Commission of India (CCI) found Google's restrictions on manufacturers seemed to amount to imposition of "unfair conditions" under India's competition law.

Jun 29, 2019

MG Motor India launches SUV Hector; Check out features, specs and prices

MG Motor India has released 11 models of Hector in various price ranges. The topmost model is the Hector Sharp Diesel MT that has an ex-showroom price of Rs 16.88 lakh.

Jun 27, 2019

Huawei staff involved in China intelligence projects

Should India review Huawei's 5G role after reports on China military ties?

New reports suggest many employees of telecom equipment maker Huawei collaborated with Beijing's military and intelligence establishments on critical surveillance projects.

Jun 27, 2019

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