Companies

Ericsson may lose Rs 580 crore won from Anil Ambani-led Reliance Communications

The consortium of lenders took a decision to send a formal word to Ericsson in a recent meeting of RCom's committee of creditors and consortium of lenders led by the State Bank of India (SBI).

Jul 23, 2019

Toned-down rhetoric of Bhatia, Gangwal may give wings to IndiGo patch-up bid

IndiGo shares were buoyed by the smooth conduct of the board meeting and rose Rs 65 or 4.44 percent from Friday's close of Rs 1,462 to close on Tuesday at Rs 1,527.

Jul 23, 2019

Government intervenes to save IndiGo from Jet Airways-like crash landing

Indigo to add four more members to board, including a woman

The decision was taken in the backdrop of a drift between the company's co-promoters Rakesh Gangwal and Rahul Bhatia over corporate governance issues.

Jul 22, 2019

Oppo to launch e-store to boost online sale, offer online exclusive smartphones

Oppo has plans to shift its sales from retail to online. The China-based firm is also trying to focus equally on all major e-commerce platforms to boost the sales of its devices.

Jul 21, 2019

The Air India plane flying the inaugural trip from Lucknow,

Govt tells Air India to freeze all appointments, promotions

A new flight has to be started only when it is extremely necessary and after due diligence from the commercial aspect.

Jul 21, 2019

reliance industries ril jio telecom 4g ripples buzz spectrum mukesh ambani

RIL Q1 consolidated net profit up by 6.8% to Rs 10,104 cr

The company's consolidated net profit (attributed to the owners of the company) during the first quarter of FY 2019-20 rose to Rs 10,104 crore, against Rs 9,459 crore reported during the corresponding period of the previous fiscal.

Jul 20, 2019

US-based Ebix buys travel portal Yatra for Rs 2,323 crore

The transaction will close by the fourth quarter of this year. Yatra will continue to function independently after the completion of the deal.

Jul 19, 2019

Tata Group keeps top spot in brand valuation survey; Here are Top 50 firms in India

Second in the list after the Tata Group is the Life Insurance Corporation with its valuation at about $7.2 billion.

Jul 18, 2019

Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding

Agarwal has been in talks with Japanese financial services firm Nomura for a fresh funding of about $1.5 billion.

Jul 18, 2019

Azim Premji speech FULL TEXT: The 'trustee' of Wipro wealth bids farewell

To lead in this time of rapid change we have sharpened our strategy into four pillars based on what our clients need i.e. Business Re-imagination, Engineering Transformation and Modernization, Connected Intelligence, and Trust.

Jul 17, 2019

Will PM Modi's intervention save IndiGo from crash-landing like Jet?

Rahul Bhatia controls nearly 38 percent stake in the airline against Rakesh Gangwal's 37 percent. Bhatia also holds special rights, including the prerogative of appointing three out of six directors.

Jul 17, 2019

India seeks more than $1 billion investment with new oil block auction

India awarded 32 blocks in the latest two exploration licensing rounds called the open acreage licensing policy (OALP), which allows companies to carve out any area they want to drill.

Jul 16, 2019

Infosys tightens the belt to protect margins as staff attrition rate skyrockets

The IT major is taking several measures to contain the fall in margin including withholding salary hikes to senior employees and suspending bonus payments to the staff of vice president level and above.

Jul 16, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

Time running out for DHFL as the lender needs Rs 3,000 crore of equity infusion

Lenders are showing their reluctance to give fresh loans unless DHLF secures fresh funds.

Jul 16, 2019

IndiGo promoters' differences threaten services

IndiGo rift set to worsen as Bhatia camp plans to grill Gangwal on engine talks

Board members to seek more information from Gangwal on his 'exclusive parleys' with engine maker Pratt & Whitney before IndiGo signed $20-billion deal for engines with rival CFM.

Jul 15, 2019