Companies

Insolvency proceedings: Supreme Court stays NCLT order against Jaypee Infra

As of March 31, 2017, consolidated debt of the company stood at Rs 7,922 crore with a negative interest coverage ratio, which indicates that the company is not earning enough to repay its debt.

Sep 4, 2017

State Bank of India to tap $3 billion via green bonds

Roadshows for the bond issue will likely begin in the next few weeks and cover global financial centres such as London.

Sep 4, 2017

Pharma strategy: GlaxoSmithKline sets up first team for acquisitions in 93 years

Eyes inorganic growth as rising price controls over branded generics has dented profitability

Sep 4, 2017

What's brewing? Zero alcohol beer from UB!

He further said the company is presently in an early stage of development and plans to roll out the product by early next year.

Sep 4, 2017

GoAir CEO's contract may not be renewed, aviation veteran will quit next year

Former Jet Airways CEO Wolfgang Prock-Schauer's exit comes when the airline is on the cusp of launching its international operations.

Sep 4, 2017

FMCG firms to spend more on promotion: Festive season boost or Patanjali effect?

FMCG companies are planning to spend 15-20 percent more on promotion of their goods in the September-December period. Read to know what fuelled this decision.

Sep 4, 2017

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Festive sales: Paytm to pump in Rs 1,000 crore for promotional offers

To stay ahead in the competition, Paytm is not only making its sales offer online but offline as well.

Sep 4, 2017

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Nirmala Sitharaman as defence minister is good news for Make in India

Despite, having many home-based defence companies, India is still one of the largest importers of defence products.

Sep 4, 2017

Activist shareholders are our owners, says Cognizant CEO in rare interview

Activism can be empowering, is not to be seen as a risk, but a constructive factor, Francisco D'Souza told HT Mint.

Sep 3, 2017

Cashing in: Infy founders, including Murthy, Nilekani, put up shares worth Rs 2,038 cr for buyback

At the buyback price of Rs 1,150 apiece, the promoters will earn as much as Rs 2,038.94 crore, if the 1.77 crore shares tendered by them are accepted in the buyback offer.

Sep 3, 2017

Taxman chomps away at discounts, e-commerce firms face the heat

The income tax department says online customer discounts are not marketing costs, but capital expenditure to be included in revenues.

Sep 2, 2017

Tripping up: Nike ticks 20% staff off its India roster

Oregon-headquartered Nike has gasped for breath in a demanding Indian market, and had closed its cricket bat sponsorship deals to save on costs.

Sep 2, 2017

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Infosys seeks shareholder nod to appoint Pravin Rao as MD

Rao will continue to perform his role of COO and interim CEO along with that of MD while drawing his current remuneration.

Sep 2, 2017

Pay up or begone, Supreme Court tells managements of defaulting firms

SC ruled in favour of ICICI Bank in the case of Innoventive Industries which owes banks over Rs 950 crore.

Sep 2, 2017

Infosys says engaging with shareholders on governance standards

Stronger corporate governance oversight and transparency in communication with investors and shareholders of the company was the key demand of the founders led by N R Narayana Murthy.

Sep 1, 2017