Companies

CCI to investigate Flipkart, Amazon deep discounting on mobile phones

The CCI observed that the exclusive arrangements between phone brands and e-commerce platform, coupled with the allegation of linkages between these preferred sellers and e-commerce companies merits an investigation.

Jan 14, 2020

Walmart India fires 8 senior staff among 56 executives as part of restructuring

Walmart, the world's largest retailer is also preparing to wind up its physical presence in India and will continue to cut staff.

Jan 13, 2020

Ex-director of Yes Bank seeks SEBI probe into insider-trading

Former director Uttam Prakash Agarwal has asked SEBI to investigate whether the process followed by MD and CEO Ravneet Gill had been law-compliant.

Jan 13, 2020

IL&FS adds Rs 3,333 crore cash in a liquidity boost

As a result of these efforts, cash and cash equivalent balances across IL&FS Group entities has since September 30, 2018, increased by Rs 3,333 crore to Rs 6,534 crore.

Jan 12, 2020

saudi aramco, aramco ipo, aramco public issue

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53).

Jan 12, 2020

Jolt to Cyrus Mistry: SC puts his reinstatement as Tata Son's chief on hold

During the pendency of the petition in the apex court, Mistry, in a statement had said he was not interested in returning to the Tata Sons' chairmanship.

Jan 10, 2020

CCI reviews anti-trust complaint against Maruti Suzuki for pushing favored insurance plans

The CCI in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more.

Jan 10, 2020

UPSC GUIDE - Startup for upsc aspirants ,Platform for future policy makers

Abhijeet Nikam mission has been to provide accessible knowledge and guidance to each and every UPSC aspirants from all over the country

Jan 6, 2020

cyrus mistry ratan tata group companies tata steel ihcl quits resigns removal tata sons tcs

Tata Sons doesn't want Cyrus Mistry's as executive chairman, knocks SC door against NCLAT order

Tata Sons has challenged the complete order of the NCLAT, pronounced on December 18, restoring Mistry as executive Chairman and also his immediate reinstatement as director of Tata Sons and three group companies.

Jan 2, 2020

Telcos to bleed further as GST council rejects request for Input tax credit refund

The Indian Telecom sector is on the brink of collapses due to stiff competition and high dues to the government.

Dec 30, 2019

Government blinks, may slash license fee for telecom operators

The reduction in license fee is expected to save to the three major telcos a combined amount of Rs 4,000-5,000 crore annually.

Dec 24, 2019

Asia's richest man Mukesh Ambani adds $16.5 billion to his fortune in 2019

Mukesh Ambani is the 12th richest person in the world, with around $61 billion of net worth as of Tuesday.

Dec 24, 2019

Nissan Motor executive officer and vice-COO Jun Seki

Nissan top executive Seki to resign in blow to turnaround plan

Jun Seki, Nissan's vice chief operating officer and a former contender for chief executive, said he was leaving to become the president of Nidec Corp.

Dec 24, 2019

Boeing CEO resigns amid 737 Max crisis: Leadership undergoes major shuffle

Boeing and its newly-appointed CEO are confident to bring back the controversial 737 Max to service.

Dec 23, 2019

Why is Centre preventing Reliance industries to sell stakes to Aramco

The government sought restriction on the deal citing the failure of the two companies to honour their payment under a $4.5-billion international arbitral award in the Panna-Mukta and Tapti (PMT) production-sharing contracts.

Dec 22, 2019