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Companies

Sir Richard Branson gives up control of Virgin Atlantic amid Delta-Air France deal

Sir Richard Branson gives up control of Virgin Atlantic amid Delta-Air France deal

Sir Richard Branson has announced he will sell a 31% stake in Virgin Atlantic to Air France-KLM in a move that could bring an era of British aviation to an end. Jul 28, 2017
Marissa Mayer

Is GE's Jeffrey Immelt the frontrunner to take over as Uber CEO?

Now that Meg Whitman has clarified that she is staying with HPE, General Electric Co.'s Jeffrey Immelt seems to be a popular choice to take over as the CEO of Uber. Jul 28, 2017
Reliance Communications, anil ambani

Under NCLT heat, RCom seeks time for Aircel merger, tower business sale

Says it is "running against time", in talks with China Development Bank to rethink its opposition to deal. Jul 28, 2017
SpiceJet Airlines

Share transfer: Supreme Court rejects SpiceJet's plea, directs it to pay Rs 579 crore

Arbitration proceedings between the parties are underway and are likely to be wrapped up within six months. Jul 28, 2017
Vijay Mallya

British liquor giant Diageo asks Vijay Mallya to return Rs 260 crore

Diageo has stopped payment of Rs 45.5 crore ($7 million) a year to Mallya as part of the deal and sought compensation for the losses incurred by it. Jul 28, 2017
Accenture innovation hub

Accenture's first Innovation Hub in Bangalore helps clients embrace digitisation in vibrant atmosphere

Accenture's Innovation Hub in Bengaluru offers clients access to its deep industry knowledge, leading technology capabilities and business acumen in more than 40 industries. Jul 28, 2017
Snapdeal outpaces Amazon and Flipkart in delivery times across India, research shows

Snapdeal-Flipkart merger a distant dream? 30 stakeholders yet to approve deal

While Ratan Tata, BlackRock, Temasek and Foxconn have given Snapdeal in-principle approval to merge with Flipkart, about 30 stakeholders are yet to give a nod to the Rs 5,400 crore deal. Jul 28, 2017
Amazon founder Jeff Bezos in quotes

Jeff Bezos loses world's richest person title in less than a day; Bill Gates regains top spot

A surge in Amazon.com shares on Thursday in advance of the online retailer's earnings report had briefly propelled CEO Jeff Bezos past Bill Gates as the world's richest person. Jul 28, 2017
ICICI Bank

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel

When management promises turn out to be sheer mirage, there arise glaring examples of the high quantum of mismanagement which banks and taxpayers face. Jul 27, 2017
Samsung

Chip off the old block: Samsung topples Intel as leading computer chip maker

The meteoric rise of the IBM PC carried Intel to the top of the semiconductor market in 1992, when it overtook NEC. That era ended on Thursday. Jul 27, 2017
Maruti Suzuki Ignis

Maruti Suzuki Q1 profit rises 4.4%; misses analyst estimates

But the car maker missed estimates, as rise in commodity prices and the GST impact ate into its earnings pie. Jul 27, 2017
air india, cbi registers case against ai ia merger, cbi to probe purchase of 111 aircraft, upa scams, modi govt, fm arun jaitley, merger of air india and indian airlines

Selloff looms ahead, and Air India tags on more wings

Three Boeing 777-300 ER and as many 787-8 planes to join fleet by March 2018 Jul 27, 2017
infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

After high-level exits at Infosys, hard focus on Vishal Sikka's longevity

Infosys has witnessed a number of high-level exits in the last few months and the firm's co-chairman Ravi Venkatesan hopes that CEO Vishal Sikka turns things around and stays on at the company. Jul 27, 2017
Airtel

Telecom War: Airtel to launch VoLTE service to counter Reliance Jio

"We believe that this (JioPhone) could propel the launch of cheaper phones in the market and that is something that we embrace," Gopal Vittal. Jul 27, 2017
Tencent

Byju's on a roll: Raises funds from Tencent after acquiring TutorVista and Edurite

After acquiring TutorVista and Edurite from London-based Pearson Plc, Byju's has landed an investment deal with Chinese internet giant Tencent Holdings Limited. Jul 27, 2017
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