Business news

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

Usage-based incentives on electric vehicles will accelerate innovation, says Ola

The electric fleet of Ola in Nagpur - a combination of e-rickshaws and e-cabs - has served over 3,50,000 customers, clocked over 7.5 million km and saved over 5.7 lakh litres of fossil fuel.

Apr 24, 2019

Zee Group chairman Subhash Chandra's brother Ashok Kumar Goel to sell 51% stake that Ashok Goel Trust holds in Essel Propack to Blackstone

Subhash Chandra's brother sells Essel Propack stake; not to bail out Essel Group

US private equity firm Blackstone will pay Essel Propack promoter Ashok Kumar Goel Rs 2,157 to acquire 51% stake in the producer of specialty packaging

Apr 23, 2019

Has Jet Airways bidders' interest nosedived amid loss of flight slots, procedural confusion?

Redistribution of grounded airline's flight slots to rivals, regulatory confusion as top court stays key RBI circular on stressed assets, and threat of bankruptcy proceedings cloud the fate of stake sale.

Apr 23, 2019

Pawan Hans follows Air India into divestment turbulence as election intervenes

Public sector helicopter operator fails to receive adequate investor interest despite extending deadline several times over the past one year.

Apr 22, 2019

Jet Airways threatened with bankruptcy proceedings

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts

Service provider's notice threatening insolvency proceedings over Rs 25 lakh dues could snowball into major trouble for the lenders to whom Jet Airways owes Rs 8,500 core debt if other creditors join the action.

Apr 22, 2019

air india express aviation civil air india market share profit modi revenue passengers plf market india

Air India Express, Air India mull Jet planes lease as lenders secure assets

Indians in the Gulf happy as flight cancellation because of aircraft shortage is a major problem in the sector; Air India hopes to lease wide-body aircraft along with the routes.

Apr 22, 2019

bombay stock exchange, bse, sensex, nifty, stock markets, sensex gainers, sensex losers, buzzing stocks

Week of F&O expiry, Lok Sabha elections expected to keep the markets choppy

Positive sentiment expected to carry forward from last week with earnings season underway and near-normal monsoon prediction.

Apr 21, 2019

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

The central government had issued preliminary information memorandum kicking off the Air India's disinvestment process.

Apr 20, 2019

Anil Ambani's RCom in limbo as deal with Mukesh's Jio snaps; court cases drag on

Telecom operator scrapped Rs 7,300-crore spectrum sales deal with Jio after DoT refused nod for transfer amid mounting dues of unpaid license fees.

Apr 20, 2019

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Hundreds of Jet Airways employees protested in Delhi and Mumbai on Thursday to push its management for answers about their future after the airline shut down all flight operations on Wednesday having failed to secure new funding from its lenders.

Apr 20, 2019

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Lenders may have made a tactical error by not keeping Jet airborne as grounded airline increases the bargaining power of prospective investors and rescue plan delay erodes assets value.

Apr 19, 2019

The Air India plane flying the inaugural trip from Lucknow,

Is Air India skidding down the same road that Jet and Kingfisher took?

Air India could become the third airline to crash land in a decade bursting India's aviation bubble.

Apr 19, 2019

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Business news

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

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

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

Usage-based incentives on electric vehicles will accelerate innovation, says Ola

Subhash Chandra's brother sells Essel Propack stake; not to bail out Essel Group

Has Jet Airways bidders' interest nosedived amid loss of flight slots, procedural confusion?

Pawan Hans follows Air India into divestment turbulence as election intervenes

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts

Air India Express, Air India mull Jet planes lease as lenders secure assets

Week of F&O expiry, Lok Sabha elections expected to keep the markets choppy

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

Anil Ambani's RCom in limbo as deal with Mukesh's Jio snaps; court cases drag on

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Is Air India skidding down the same road that Jet and Kingfisher took?

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]