Business news

An aircraft of India's Jet Airways lands

Jet Airways' bailout plan: Lenders to become largest shareholders, Goyal's stake may drop to 25%

Jet Airways said that its board has approved a rescue plan, through which a consortium of banks — led by the State Bank of India — will convert a part of their debt into equity.

Feb 15, 2019

Airbus scraps A380 superjumbos; 3,500 European jobs at stake

When the first Airbus A380 flew out from France in 2007, it was touted as the competitor to the legendary Boeing 747 jumbo.

Feb 14, 2019

Yes Bank shares zoom nearly 30% on clean score in RBI's divergence report

Investors who took huge risk after the drubbing the Yes Bank stock got in the recent past were in for a surprise on Thursday.

Feb 14, 2019

Who is Noel Tata? Ratan's half-brother joins Tata Trusts board sparking successor speculations

With this, Noel Tata is the third brother to be a part of the board. Ratan's younger brother Jimmy has been a trustee for almost 30 years now.

Feb 14, 2019

RCom trouble: Lenders press for more collateral from Reliance Group promoters

Anil Ambani appears in court for the second successive day after Ericsson moves contempt petition amid Reliance Group stock meltdown over bankruptcy plea.

Feb 13, 2019

Who is Ankiti Bose? The founder and CEO of the latest member of Unicorn club

The 27-year-old co-founded Zilingo four years ago along with Dhruv Kapoor, an IIT Guwahati alumnus.

Feb 13, 2019

Online smartphone sales to crash as new e-commerce regulations kick in

The new e-commerce norms prohibit online portals from giving preferential treatment to any supplier.

Feb 12, 2019

Eveready grabs attention of Buffett-owned Duracell, rival Energizer

The Khaitan family has been trying to reduce the debt burden for a while now.

Feb 12, 2019

Sharp fall in exports keeps farm produce prices suppressed

The Modi government's plans to woo back farmers in election year hit a roadblock as the global glut in agricultural commodities drives traders to delay off-take expecting lower prices.

Feb 12, 2019

Indian firms lose Bt cotton royalty battle against global giant Monsanto

The Environmental Sciences Europe reveled in a study that there could be a link between Bt cotton and farmer suicide in India.

Feb 12, 2019

Reliance Power shares meltdown: Anil Ambani-led firm seeks Sebi ban on Edelweiss Securities

Anil Ambani-led company alleges market abuse after heavy erosion in market cap of group companies following the sale of shares pledged to lenders.

Feb 11, 2019

OYO in talks to buy Keys Hotels from US-based private equity firm

If the deal materialises, it would be the fourth acquisition in a year for Softbank-backed OYO.

Feb 10, 2019

DGCA bar on longer Neo, MAX flights affects Indigo, Jet

The curbs were put in place after a 737 MAX jet operated by Indonesian airline Lion Air had crashed last year, killing all 189 people on board.

Feb 10, 2019

Lenders react sharply to Anil Ambani remarks on fire sale of ADAG firms' shares

Shares of Anil Ambani group companies lost Rs 14,000 crore in market cap prompting Ambani to attribute motives to the fire sale.

Feb 9, 2019

Tesla's delivery team gutted in recent job cuts

Tesla declined to comment on the job reductions in the delivery team. The company still has an undisclosed number of delivery personnel attached to other locations.

Feb 9, 2019