Companies

Gopalpur port, which was hit by two cyclones in 2013-14, has commenced normal operations in December last year.

Indian Oil drops plan to buy Mundra LNG terminal stake

State-owned oil major had finished due diligence after receiving board approval last year for taking 50 per cent stake in GSPC LNG's Rs 5,000-crore project.

Dec 26, 2018

Are Tata and Mahindra pushing Toyota and Suzuki into a hasty alliance deal?

Tata Motors and Mahindra, which are duelling for the third spot in the Indian auto market, are now looking at adding value to their Indian offerings with the help of technological advancement that come from their foreign brands.

Dec 26, 2018

Chinese firms come out in support of Huawei, no promotion and incentives to employees using iPhones

While some firms in China are reportedly providing subsidies to workers purchasing Huawei phones, others are said to be more aggressive in their stand against the US and Apple products and denying workers promotions and incentives if they use iPhones.

Dec 26, 2018

Max India to sell health-care assets to Radiant Life Care

The KKR-backed firm will pick up 49.7 per cent in Max Healthcare for $293 million in the first stage to create an entity with a valuation of Rs 7,242 crore.

Dec 26, 2018

Facebook CEO Mark Zuckerberg at F8 conference

Facebook India posts 52% jump in revenues at Rs 521 crore; profit soars 40% amid low-cost data

Notably, Facebook's total revenue surged 53 per cent in India which also represents the money it earned through Whatsapp.

Dec 25, 2018

After US, European nations mooting ban on Huawei over data security concern

A series of ban in the European countries could lead to a financial crisis in Huawei as it is the largest market of the company outside China.

Dec 25, 2018

Carlos Ghosn detention extended over Christmas and New Year

The court's decision is the latest twist in a rollercoaster saga that has gripped Japan and the business world since the auto sector titan was arrested out of the blue in Tokyo on November 19.

Dec 23, 2018

Cash-strapped Jet Airways looks to raise up to $150 million

It has now been a while since Etihad has been approached by Jet Airways chairman Naresh Goyal to put in fresh equity. However, Etihad has made some conditions that are not acceptable to Jet Airways.

Dec 23, 2018

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Baring eyes controlling stake in Mindtree by cornering Siddhartha stake

Bengaluru software services company's promoters weigh investment options from equity ventures and strategic partners.

Dec 23, 2018

In another bail out, Modi government seeks fresh capital for cash-strapped Air India

The UPA government in 2012 had announced a 10-year bailout package of up to Rs. 30,000 crore for the cash-strapped airline

Dec 22, 2018

Sterlite Copper seeks fresh renewal of license from Tamil Nadu govt

The National Green Tribunal has given three weeks for the Tamil Nadu government to give the approvals.

Dec 21, 2018

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Decks cleared for Rs 4,022 crore ONGC share buyback

The government hopes to rake in Rs 2,640 crore by tendering part of its 65.64 per cent stake in the company.

Dec 21, 2018

India unlikely to hit Huawei with 5G import ban despite US spyware worries

With only a handful of capital responding to Washington worries, New Delhi goes with Europe for stringent testing standards.

Dec 21, 2018

Swiggy raises $1 billion in largest ever funding round in food tech

The latest round of funding has resulted in Swiggy becoming the fifth most valuable startup in the country with a valuation of $ 3.3 billion.

Dec 20, 2018

Indian regulator orders Johnson & Johnson to stop using talc raw material

Moreover, over 100 samples were also collected from wholesalers, retailers, and distributors across the country which will be further tested to check the presence of any harmful substance.

Dec 20, 2018