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Companies

SBI

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
GlaxoSmithKline

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
Beer

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
Wolfgang Prock-Schauer

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
Patanjali atta noodles

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
paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

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
nirmala sitharaman, exporters, modi minister, pm modi, modi govt., indian economy, india external trade, exports, imports

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
Francisco D'Souza

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
Narayana Murthy and Nandan Nilekani

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
Amazon India

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
Nike

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
infosys q3 fy2017 results vishal sikka share price

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
Indian banks capital adequacy ratio

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

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
rajeev misra appointed as softbank board member, rajeev misra profile, softbank investments in india, softbank vision fund

SoftBank keen to end road rage between Ola, Uber

If the deal to invest in Uber fructifies, it might shake Ola's confidence and trigger a more intense rivalry between the two ride-sharing companies. Sep 1, 2017
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