Companies

Ola aims to shed 5-8% of staff ahead of IPO

The move is seen as part of the mobility platform's aim to turn profitable and go public in the next 18-24 months.

Nov 29, 2019

The Air India plane flying the inaugural trip from Lucknow,

Will Air India suitors find truncated debt, 100% equity offer irresistible?

The government may pare down Air India debt to Rs 30,000 crore and offer 100% equity to the eventual buyer; Expression of interests in second attempt to sell national carrier may begin by December 15

Nov 28, 2019

Will pharma regulator's deal with industry make non-price control drugs cheaper?

A 30% cap on the margin agreed at a meeting of pharma regulatory and trade bodies and lobby groups may put pressure on big manufacturers as the distributors may not agree to lower commission.

Nov 27, 2019

Bajaj invests $8 million in Yulu to boost EV adoption in India

The fresh round of investment will be utilised for further strengthening of the mobility platform and deepening of the technology solutions for rapid expansion.

Nov 27, 2019

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

The Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.

Nov 26, 2019

Apple supplier Salcomp to invest $279 million in new Indian plant

The widening of Apple's supplier base in India, the world's second-biggest smartphone market, is a boost to Prime Minister Narendra Modi's "Make in India" drive.

Nov 26, 2019

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

Jio and Airtel are eyeing Reliance Communications' assets that include spectrum, towers, fibre network and real estate, heating up telco wars further.

Nov 26, 2019

WhatsApp invests $250,000 into Indian startup ecosystem

The investment will provide 500 startups approved by the Department of Industrial Policy and Promotion (DPIIT) with $500 each of Facebook ad credits.

Nov 26, 2019

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

Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Paytm plans to invest ₹10,000 crores over the next three years to bring financial inclusion to areas, which are yet to get traction.

Nov 25, 2019

Louis Vuitton owner to buy Tiffany & Co for $16.2 billion, biggest acquisition of all time

Fashion and accessories brands including Christian Dior generate the bulk of earnings at LVMH, run by France's richest man, Bernard Arnault, though growth in jewellery has shone in recent years.

Nov 25, 2019

How Swiggy turned novel idea into successful business model

Swiggy has spearheaded the cloud kitchen initiative towards success in a matter of just two years.

Nov 25, 2019

cash, money, atm, layoffs, salary, hike, money, mutual funds, employees, hiring, it jobs, it hiring, tcs, wipro, infosys, tech mahindra

Karvy stock broking scam: Here's all you need to know about Rs 2,000 crore fraud

An investigation by National Stock Exchange (NSE) showed that between April 2016 and October 2019, Karvy had transferred a net amount Rs 1,096 crores to its group firm Karvy Realty.

Nov 24, 2019

More than 500 hotels across 100 cities check-out of Oyo Rooms; here's why

The customers seem to have sandwiched between the tussle as they are complaining on the social media that hotels are accepting their bookings made on hotel aggregator Oyo's website when they tried checking-in.

Nov 23, 2019

What does future hold for DHFL after RBI supersedes board?

Adversely affected by country's non-banking financial corporation (NBFC) crisis, the DHFL's debt has significantly ballooned to Rs 88,000 crore.

Nov 22, 2019

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Companies

Ola aims to shed 5-8% of staff ahead of IPO

Will Air India suitors find truncated debt, 100% equity offer irresistible?

Will pharma regulator's deal with industry make non-price control drugs cheaper?

Bajaj invests $8 million in Yulu to boost EV adoption in India

Must sell now: Fall in direct tax collection hastens urgency of privatisation

India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

Apple supplier Salcomp to invest $279 million in new Indian plant

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

WhatsApp invests $250,000 into Indian startup ecosystem

Paytm secures $1 billion in latest funding round, T. Rowe Price joins as investor

Louis Vuitton owner to buy Tiffany & Co for $16.2 billion, biggest acquisition of all time

How Swiggy turned novel idea into successful business model

Karvy stock broking scam: Here's all you need to know about Rs 2,000 crore fraud

More than 500 hotels across 100 cities check-out of Oyo Rooms; here's why

What does future hold for DHFL after RBI supersedes board?

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]