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Mahindra & Mahindra fourth-quarter profit jumps 70 percent

Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers Ltd, stood at 10.59 billion rupees ($155.90 million) for the quarter ended March 31, compared with 6.22 billion rupees a year earlier.

May 29, 2018

ED attaches Rotomac properties worth Rs 177 cr

The Enforcement Directorate and the CBI had filed a case in February after the Bank of Baroda filed a complaint against Kothari, his wife Sadhana, his son Rahul and some unidentified bank officials and private persons.

May 29, 2018

Turbulence hits Air India as staffer accuses senior management of sexual harassment

The employee of Air India, the national carrier, has accused its senior management of sexual harassment and also said its internal committee set up to look into such issues is a "farce." Civil aviation minister Suresh Prabhu has now asked the company to immediately address the issue.

May 29, 2018

Tamil Nadu closes Vedanta copper smelter permanently after bloody protest

Vedanta has called the closure an "unfortunate development". At least 13 people were killed and several injured during the anti-Sterlite protests on May 22.

May 29, 2018

Google, Facebook face over $9 bn in fines

Privacy-advocacy group Noyb.eu said that tech giants such as Facebook and Google are essentially forcing people to adopt a "take it or leave it" approach when it comes to privacy.

May 26, 2018

Vedanta sticks with plan to expand Tamil Nadu smelter despite deadly protests

Anti-Sterlite protests in the coastal city of Thoothukudi in Tamil Nadu saw as many as 13 people killed and dozens injured this week.

May 26, 2018

SoftBank says selling its entire Flipkart stake to Walmart

SoftBank Group Corp has said that it is selling about 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.

May 23, 2018

Government not to sell Air India, if bids are below minimum floor price: Official

Civil Aviation Secretary Rajiv Nayan Choubey said that the government had hired asset and enterprise valuers, who have estimated a minimum floor price or net worth of Air India under the current divestment norms.

May 22, 2018

Three directors quit Fortis Healthcare board amid takeover battle

Fortis Healthcare, which operates about 45 healthcare facilities in India, Dubai, Mauritius and Sri Lanka, has been the target of lengthy takeover tussle involving five suitors.

May 21, 2018

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Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

The Tata Steel unit will raise a bridge loan of 165 billion rupees to help fund the acquisition, while Tata Steel is investing the remainder in the unit, Bamnipal Steel.

May 18, 2018

Reliance Communications' settlement with Ericsson over dues unlikely for now: Report

Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecoms network. The company is now seeking 1.55 billion rupees ($170 million) from RCom and two of its subsidiaries.

May 18, 2018

Eicher Motors to focus on Royal Enfield: Interceptor, Continental GT 650 to lead strategy

After the unsuccessful venture with Polaris in personal utility vehicle space, Eicher Motors is planning to fully focus on its hugely profitable Royal Enfield motorcycle business. The Continental GT 650 and Interceptor 650 are the new bikes to be launched from the Chennai-based niche bike maker.

May 14, 2018

Beyond headlines: What Flipkart-Walmart deal means for consumers, traders and government

The arrival of the most potent retailer from the first-world means the Indian consumers will be treated to ultra-low prices, steep discounts and other winning offers. On the other hand, the sellers, smaller rivals and other elements in the sprawling logistics chain are nervous.

May 10, 2018

Hundreds of Flipkart employees to turn dollar millionaires overnight after Walmart acquisition

Many former and current Flipkart employees with shares are in for a treat after the American retail giant Walmart acquired 77 percent of the Bengaluru-based company for USD 16 billion.

May 10, 2018

Who is Sachin Bansal? Things to know about the co-founder of Flipkart

When IIT Delhi graduates Sachin Bansal and Binny Bansal, two former employees of Amazon, invested four lakh in a start-up venture called Flipkart, little did they know that it would revolutionize online shopping in India.

May 10, 2018

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