Companies

Downfall of Jet Airways: How India's premium airline crumbled

Jet Airways has posted losses in eight of the past 10 years and its share of the domestic passenger market has fallen to about 15.5% in 2018 from 22.5% in 2015. About 60%, or more than $600 mn, has been wiped off Jet's market value over the past year.

Apr 10, 2019

Meet billionaire CEOs Elon Musk, Mark Zuckerberg who receive annual salary of 1 dollar

Many executives of big companies, especially in Silicon Valley, see it as a point of prestige to not take a large salary. Instead, their earnings come in the form of bonuses and other compensation.

Apr 9, 2019

Jet Airways on borrowed time as investors cold to lenders' rescue plan

The SBI-led banks' consortium hints at investment possibility of up to 75% stake in debt-laden Jet while expression of interest is set to close on Wednesday.

Apr 9, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

RCom insolvency: Ericsson in legal bind as NCLAT hints at lifting stay on case

Appellate company law court observes Ericsson will have to return to RCom Rs 550 crore it got following contempt proceedings in the Supreme Court if the stay on bankruptcy proceedings is lifted.

Apr 9, 2019

What's next for Vijay Mallya after UK court rejects plea against extradition?

Vijay Mallya, who is seeking refuge in the United Kingdom, will submit an appeal for the second time at the London court for an oral hearing.

Apr 9, 2019

Stake sale process of debt-ridden Jet Airways delayed as banks awaits RBI nod

In a bid to turnaround, the fortunes of beleaguered airline, Jet Airways board had decided a plan as per which the consortium of lenders, led by State Bank of India (SBI) would take over the airline's debt and convert it into 114 million shares for just Re 1.

Apr 7, 2019

L&T heads to US and EU for anti-trust watchdogs approvals for Mindtree takeover

After getting Indian competition czar's nod for buying a 66 per cent controlling stake in Mindtree, L&T needs approval in key markets for the Rs 10,700-crore acquisition.

Apr 7, 2019

Jet Airways crisis deepens, lessors ask DGCA to de-register more planes over 10 days

About six lessors are expected to apply to the Directorate General of Civil Aviation (DGCA) to de-register up to 15 planes that have already been grounded, over the next 10 days.

Apr 6, 2019

Mother Dairy's Rs 190 crore investment in IL&FS goes bad; seeks PM's intervention

The timing of investment is questionable as financial troubles of IL&FS were in the public domain at the time of Mother Dairy's investments.

Apr 5, 2019

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Axis Bank terminates over 50 mid-level managers to raise 'productivity and efficiency'

Axis Bank CEO Amitabh Chaudhry has introduced a series of structural changes in India's third largest private sector bank since his takeover in January.

Apr 5, 2019

Ranbaxy Malvinder Singh Shivinder Fortis

Will send you to jail in Daiichi-Ranbaxy case: SC warns Singh brothers

The Supreme Court bench headed by Chief Justice Ranjan Gogoi stated that it will now straightaway hear the contempt petition against the Singh brothers for non-payment of the arbitral award amount to Daiichi Sankyo and send them to jail if the violation of its orders is established.

Apr 5, 2019

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Companies

Downfall of Jet Airways: How India's premium airline crumbled

Meet billionaire CEOs Elon Musk, Mark Zuckerberg who receive annual salary of 1 dollar

Jet Airways on borrowed time as investors cold to lenders' rescue plan

RCom insolvency: Ericsson in legal bind as NCLAT hints at lifting stay on case

What's next for Vijay Mallya after UK court rejects plea against extradition?

Stake sale process of debt-ridden Jet Airways delayed as banks awaits RBI nod

L&T heads to US and EU for anti-trust watchdogs approvals for Mindtree takeover

Jet Airways crisis deepens, lessors ask DGCA to de-register more planes over 10 days

Mother Dairy's Rs 190 crore investment in IL&FS goes bad; seeks PM's intervention

Axis Bank terminates over 50 mid-level managers to raise 'productivity and efficiency'

Will send you to jail in Daiichi-Ranbaxy case: SC warns Singh brothers

Dr Reddy's leads Indian charge of $130 billion Chinese pharma market; stocks rally

BSNL to sack 54,000 employees post-Lok Sabha elections as losses pile up?

GainBitcoin scandal's Amit Bhardwaj granted bail by Supreme Court

Google India chief Rajan Anandan quits, to join Sequoia India

Showcasing Calcutta on screen: From communism to tragic human condition

New York, London, Puri: Odisha's city provides safest tap water in India, like world's best cities [details]

US man wins $100,000 lottery jackpot twice using same numbers; two consecutive wins In two years