Business news

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

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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

UPI 2.0 gets ready to push growth as digital transactions plateau

UPI transactions' value shot up by 700% last year despite a 1% drop in total digital payments

Jan 15, 2019

Traders cheer Sebi's new guidelines for equity derivatives and cash segments

Securities trade regulator Sebi to implement new uniform membership structure for equity derivatives and cash segments from April 1.

Jan 14, 2019

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Sensex falls over 150 pts ahead of key macro data release

According to analysts, this week, stock market movement will be driven by the announcement of macroeconomic data points and quarterly earnings by various companies, including bluechips RIL and Wipro.

Jan 14, 2019

Infosys raises revenue growth outlook to 9%; proposes share buyback

Infosys Q3 data beat TCS and expected to buoy market as the company seeks to repurchase Rs 8,260 crore stocks in second such programmes in two years.

Jan 12, 2019

Nissan top executive Jose Munoz resigns amid broadened Ghosn probe

In a statement, Nissan said that Munoz had "elected to resign" from the company, effective immediately. The company declined to offer details.

Jan 12, 2019

SpaceX is laying off 10% of it's workforce, Here's why

"Either of these developments, even when attempted separately, have bankrupted other organisations. This means we must part ways with some talented and hardworking members of our team.

Jan 12, 2019