Companies

Hinduja Group eyes equity stake in two UAE banks; plans to move HQ out of London

Gopichand P. Hinduja said that the company is mulling the idea of shifting its London-based headquarters either to UAE or Singapore.

Sep 8, 2018

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

The 13 storied building, Radhika apartments in Prabhadevi in central Mumbai, was earlier the staff quarter for the ICICI bank. It has now come under lens after the allegations were made of possible quid pro quo.

Sep 8, 2018

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Alibaba co-founder Jack Ma to retire, focus on educational philanthropy

Ma will step down on Monday, September 10 on what will be his 54th birthday.

Sep 8, 2018

Johnson & Johnson to work with Indian govt to compensate for ASR hip implant patients

Last month, a government panel recommended that J&J pay compensation of at least 2 million rupees ($27,812) to each patient who received an ASR hip implant in India, an estimated 4,700 people.

Sep 7, 2018

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Government to turn cash-crunched Air India into a board-managed company?

The government's plan to privatise the indebted "Maharaja" did not attract bids from any player earlier this year.

Sep 7, 2018

Infosys announces joint venture with Singapore-based Temasek

Infosys Consulting (Infosys subsidiary) will hold a 60 percent stake in the joint venture and it will be headquartered in Singapore.

Sep 7, 2018

NCLT to hear petition against Reliance Naval, Jindal India Thermal

As of March 2018, the total debt owned by the Reliance Naval to its lenders is worth Rs 5349.17 crores.

Sep 7, 2018

Apple shelves plan to launch UPI-based payments platform in India

The reason behind the Apple's decision is the Reserve Bank of India's recent data localisation rule including the technical and design hurdles related to the flow of payments on UPI.

Sep 6, 2018

Not aware of husband's business dealings with Videocon, Kochhar tells Sebi

Calling all the charges baseless, Kochhar argued that all the requisite disclosures were adhered to by her.

Sep 6, 2018

Mobile number portability to become faster, easier: TRAI

The TRAI aims to help subscribers port their numbers from one operator to another within two days as opposed to the current seven working days.

Sep 6, 2018

Amid cash crunch, Jet Airways delays salary of 20 % employees: Reports

It is to be noted that Jet Airways has emerged as one of the biggest losers in the airline industry.

Sep 5, 2018

Rise of Facebook threatening Google's online ad space in India?

Google officials in India earlier this year were alarmed to learn that Facebook Inc was likely to generate about $980 million in revenue in the country in 2018.

Sep 5, 2018

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TCS likely to bag $3.5 billion contract from Britain's Rail Network: Reports

Tata Consultancy Services (TCS) could be seen as a front-runner as it has a long relationship with Network Rail including its presence in Britain and across Europe

Sep 3, 2018

ICICI Bank board asks investigators to probe all deals by Chanda Kochhar and family

The whistleblowers claim that Chanda Kochhar was on the bank's credit committee and was aware of the issue that sanctioned proceeds of Rs 3,250 crore loan to the Videocon Group in 2012.

Sep 3, 2018

OYO likely to get backing from Chinese giant Didi Chuxing

OYO, the hospitality service and budget hotel network, was under the final stages of a new $800 million- $1 billion financing round, which will eventually split its India and China operations for the purpose of finance.

Sep 3, 2018