Companies

IL&FS group co defaults on Rs 3.37 crore interest payment

The crisis-hit IL&FS had incorporated IL&FS Transportation Networks in 2000, and the firm has more than 14,000 lane-kilometres in a portfolio of over 30 projects.

Dec 16, 2019

Telecom sector employees seek opportunities outside amid mounting losses

One of the recruiting consulting firms has received around 7,000 profiles of Vodafone Idea and around 5,000 at rival Bharti Airtel

Dec 16, 2019

Zomato in advanced talks to buy UberEats: Report

Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment.

Dec 16, 2019

Infosys row: Company says not aware of any fresh lawsuit

Infosys allegedly made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.

Dec 14, 2019

Maruti U-turn may put India's plan to ease out diesel vehicles on reverse gear

Country's largest carmaker Maruti Suzuki may not want to miss out on the diesel vehicle market share as rivals remain silent on exiting the segment.

Dec 13, 2019

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SoftBank-backed Paytm raises $660 million from Alibaba arm Alipay, others

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion last month

Dec 13, 2019

Will tenfold hike in aircraft safety breach fines curb rising aviation failures?

Rising incidents of technical snags forced the government to amend rules to raise the fines ; the maximum fine may go up to Rs 1 crore from Rs 10 lakh.

Dec 13, 2019

Why is Yes Bank board wary of tycoon who wouldn't invest if it was 'No Bank'?

The past of the Canadian who made the $1.2-billion bid for Yes Bank controlling stake is so mysterious with vastly contrasting narratives that Netflix wants to tell his story.

Dec 11, 2019

SBI under-reported bad loans by Rs 12,000 crore in FY 19, reveals RBI report

The gross non-performing assets (NPAs) reported by the bank stood at Rs 1.73 lakh crore as on March 31, 2019. However, gross NPAs as detected by RBI was at Rs 1.85 lakh crore for the period.

Dec 10, 2019

Will UP Cabinet nod for Zurich deter GMR from pushing for Jewar airport stake?

Zurich International Airport bagged the bid by quoting the highest per-passenger return to the government from the green-field project that will be India's largest with six runways.

Dec 9, 2019

Flaw in Airtel's mobile app exposed data of 32 cr subscribers

According to reports, Airtel confirmed the breach saying that it has fixed the security flaw associated with its application.

Dec 8, 2019

Ericsson to pay over $1 billion to resolve US corruption probes

The bribery took place over many years in countries including China, Vietnam and Djibouti, the department said.

Dec 7, 2019

Kenichiro Yoshida, President and CEO, Sony Corporation (left), and Satya Nadella, CEO, Microsoft

Who will blink first? India-US in staring match over taxing Internet downloads

India may ignore US warnings of trade sanctions and impose import duties on 'electronic transmissions' like software, movie and music downloads and streaming before the year-end; New Delhi and Pretoria threaten to end 20 years of WTO ban on taxing international downloads

Dec 7, 2019

Will DHFL depositors have respite as administrator seeks all creditors' claims?

RBI-appointed official has asked creditors including depositors to submit their claims before December 17; depositors asked to choose one of the three authorised insolvency professionals

Dec 7, 2019

Vodafone Idea to shut if it doesn't get relief, says company chairman

The Supreme Court in a recent verdict allowed the Centre to recover Rs 92,641 crore in total AGR from telcos, which impacts Airtel and Vodafone Idea the most.

Dec 6, 2019