Business news

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

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

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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

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Business news

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

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

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

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

Major restructuring at Uber: India operation integrated with Europe

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

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]