Business news

Can lenders to Jet afford to accept employees' proposal to revive the airline?

Employees' consortium has told the lenders, who have invited bids for a debt rescue plan, that it can secure Rs 3,000 crore investment to set the airline on a trajectory to recovery.

Apr 30, 2019

Lok Sabha elections, US-China trade talks to dominate market in three-day week

Traders wary of high volatility amid hope for Nifty at 12,000; market closed on Monday for election in Maharashtra and on Wednesday for Maharashtra Day

Apr 29, 2019

Vistara's plan to recruit Jet planes and staff will spur domestic competition

Full-service airline with a homogenous fleet of Airbus A320s may add six Boeing 737 aircraft and recruit staff from distressed Jet Airways.

Apr 29, 2019

JioPhone tops India's feature phone market, Samsung close second in Q1 2019

Unlike the smartphone market, which contracted for the first time in 2018, the feature phone market has continued to grow over the last three years.

Apr 29, 2019

IL&FS audit case: Government may debar Deloitte for alleged misconduct

If the Ministry of Corporate Affairs goes ahead with the punishment, it will be the second occasion when Price Waterhouse was banned for similar malpractice in the Satyam scam.

Apr 28, 2019

Oil prices likely to jump sharply as Russia refuses to increase output

After Trump's announcement of the termination of exemptions, it was expected that the countries like Russia and Saudi Arabia, the world's top crude exporter would increase production to facilitate the shortages in the supply

Apr 28, 2019

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PepsiCo offers olive branch to sued Gujarat potato farmers

The farmers claimed that they have not infringed any IPR rights of PepsiCo and the Section 39(1) of PPV&FR Act, 2001 entitled farmers in India to buy and sow seeds of any variety registered.

Apr 27, 2019

RBI to release new 'greenish yellow' coloured Rs 20 note | All you need to know

While the new note will be released soon, the old notes will still be legal, the RBI clarified in a statement.

Apr 27, 2019

Legal, regulatory delays stall Brookfield's Leela deal despite shareholders' nod

Leela Hotel shareholders' overwhelming support for Brookfield, JMFARC stake sales await orders of company law tribunal, Sebi after ITC, LIC cry foul

Apr 27, 2019

Fully accessorized 2018 Maruti Suzuki Ertiga

Maruti Suzuki's decision to phase out diesel cars to leave broader impact

Impact of largest carmaker Maruti's decision to phase out diesel by April 2020 will be felt across the Indian passenger car market forcing others to follow.

Apr 26, 2019

Domestic fuel price, strategic concerns weigh on India as Iran oil waiver ends

New Delhi has cause to worry that Washington's offer of crude at concessional terms could have strings attached endangering strategic ties with Teheran and defence relations with Moscow

Apr 25, 2019

Major restructuring at Uber: India operation integrated with Europe

Earlier, the Asia Pacific business of the company was headed by Amit Jain, who started Uber's business in India and headed its operations.

Apr 24, 2019

Hotel Leela Palace Bengaluru of the Leela Group

ITC out to spoil Hotel Leela's date with JM ARC, Brookfield

Retail giant seeks cancellation of stake sales deals with private equity firms, removal of directors, and appointment of an administrator.

Apr 24, 2019

Flipkart's mega logistics investment to generate 50,000 jobs

The logistic parks will act as freight aggregation and distribution hub, and leverage technology for an intelligent transport system.

Apr 24, 2019

ED probing kickback angle to Chanda Kochhar role in orders granting major loans

The former CEO of ICICI Bank and her husband are now under the scanner over loans to Sandesara brothers-led Sterling Biotech and troubled Bhushan Steels.

Apr 24, 2019