Companies

Uber Eats close to selling Indian food delivery business to Swiggy

Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday.

Feb 22, 2019

High-profile fugitives: Cautious CBI issues lookout notice for Chanda Kochhar

Enforcement Directorate had earlier registered a money-laundering criminal case against Chanda Kochhar, Deepak Kochhar and Videocon's Venugopal Dhoot.

Feb 22, 2019

Ericsson case: Anil Ambani guilty of contempt, directed to pay Rs 453 crore or face 3 months jail

Anil Ambani set to exit mutual fund biz with Reliance Capital stake sale

Company invites foreign partner Nippon Life Insurance to acquire entire 43% stake in Reliance Nippon Life Asset Management

Feb 22, 2019

Sachin Bansal heads to Ola board with Rs 650 crore investment

Taxi-hailing app company Ola Cabs hopes to use Flipkart co-founder Sachin Bansal's expertise to grow business across verticals and geographies.

Feb 20, 2019

Reliance battles Comcast, Sony for a substantial stake in Zee

Subhash Chandra's Zee Entertainment has several global suitors including Apple, Sony, Comcast and Atairos seeking to buy a controlling stake.

Feb 19, 2019

Honda 'to shut down UK plant,' over 3,500 jobs on the line

The Swindon plant is known to be a busy one with about 100,000 Civic cars being produced for the global market, and shutting it down would mean over 3,500 workers would lose their jobs.

Feb 19, 2019

Johnson & Johnson implant patients question compensation package

In November 2018, the central government had devised a formula and as per that, each affected person was to get a compensation between Rs 20 lakh and Rs 1.22 crore, depending on risk factors, disability and age.

Feb 19, 2019

Ranbaxy Malvinder Singh Shivinder Fortis

Malvinder Singh alleges death threat, sues brother Shivinder and Radha Soami Satsang head

Fortis co-founder Malvinder Mohan Singh filed a criminal complaint against his brother Shivinder and spiritual head of the Radha Soami Satsang Gurinder Singh Dhillon accusing them of fraud and sending him death threats. He said that other members of the satsang are also threatening him.

Feb 18, 2019

Paytm to take longer than expected to return profits amid surging losses

Rapid expansion strategy may raise Paytm losses to Rs 2,100 crore in FY20 as competition heats up mobile payments field.

Feb 18, 2019

Jet Airways rights issue will target raising Rs 2,500 crore

Government-owned National Investment and Infrastructure Fund may pick up a 19% stake in Jet Airways to elevate lenders' equity participation to 51%.

Feb 16, 2019

Xiaomi, Mi TV 4A Pro, Mi Air Purifier 2S, Mi Band 3, Mi Home Security Camera 360, Mi Luggage

Online-focused brands may face offline stores' wrath

Brick-and-mortar store associations representing over 70,000 outlets have risen up against FDI-funded online retailers.

Feb 16, 2019

Coca Cola banks on localised products for growth in India

Global giants such as Coca Cola and Pepsi have been facing stiff competition from small domestic companies.

Feb 16, 2019

RBI confident NBFC liquidity situation will improve

Easing of NPAs and banking sector turnaround will help steady NBFCs, governor Shaktikanta Das says

Feb 15, 2019

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