Companies

World's largest solar power plant to be built in Abu Dhabi, start commercial operations in 2022

The successful bidder will hold a 40 per cent stake in the project and the rest will be distributed among the local suppliers and partners.

Jul 7, 2019

Sajjan Jindal-led JSW Energy terminates Rs 6,500 cr deal with JSPL

Jindal Power had submitted the lowest tariff of about Rs 4.41 for the supply of power in its initial years.

Jul 7, 2019

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

Modi govt looks to sell 100% Air India shares in new sell-off process

Niti Aayog had suggested the option during the first sell-off process but the government had put 75 per cent of the stake on sale.

Jul 7, 2019

ACME Solar terminates deal with NTPC for 600 MW project, wants bank guarantee refund in 3 days

NTPC has decided to reduce the tariff by 31 paise from the allotted tariff of Rs 2.59 per unit if Acme denies the imposition of the safeguard duty.

Jul 7, 2019

Indian-origin banker gets 13 years in Singapore jail for siphoning US$10 million from client's accounts

Kale Jagdish Purushottam (43) plead guilty to 20 forgery and cheating charges. He also plead guilty to 30 charges under the Computer Misuse Act where he had siphoned USD 10 million. There were more than 500 other charges taken into account during Kale's sentencing.

Jul 5, 2019

Infosys pays salary hike to 15% senior employees after 3-month delay

Not everyone received the increment. Sources said that delivery managers and other senior executives have received a three–five per cent hike while many others were deferred.

Jul 4, 2019

Apple cuts ties with L&T Infotech over mistrust in documentation, procedural lapses

USCIS and Apple have both denied giving any information about the proceedings on the issue.

Jul 4, 2019

Adani group to operate Ahmedabad, Lucknow, Mangaluru airports

The Adani group has leased out the airports for 50 years, during which it will manage, operate and develop the facilities and infrastructure of the airports.

Jul 4, 2019

Will Facebook battle Murdoch empire for buying ZEE stake from Subhas Chandra?

Mark Zuckerberg-led Facebook sends feelers to buy ZEE stake while Murdoch-backed Comcast-led consortium with Blackstone tie-up begin due diligence to buy a stake in ZEE from Subhash Chandra

Jul 4, 2019

india wind power tariff, india wind energy, india solar energy, solar parks in india, re projects, piyush goyal, modi govt, india news

Kalpataru to sell assets worth Rs 3,275 crore to CLP India

Kalpataru estimates that the debt at the assets during commissioning will be about Rs 2,000 crore. The two companies share a vision to invest only in low carbon, clean energy portfolio in India.

Jul 3, 2019

Lee Iacocca, management guru and author (1924-2019)

Who was Lee Iacocca? Management icon and the father of Ford Mustang dies aged 94

Lee Iacocca, the author of several celebrated management books, was credited with resurrecting Chrysler from dead and starring in a series of 'if you can find a better car buy it' ads

Jul 3, 2019

Advantage Reliance Jio as India may keep Chinese giant Huawei out of 5G trials

Market leader Vodafone Idea and Bharti Airtel that use Huawei equipment may be hit if the government decides to keep out the technology leader from China from 5G trials based on US warning.

Jul 2, 2019

Interests of Tata and Qatar Airways may cloud Etihad and Hinduja bids to buy Jet cheap

The UAE national carrier, a strategic partner holding about 14 per cent stake in the defunct private airline, has reportedly contacted the bankruptcy resolution professional.

Jul 1, 2019

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

Rs 15 charge for net banking transactions? Paytm nixes reports

Some of the merchants, including educational institutes and utility service providers, do not absorb the credit card charges and pass on these charges to the customers.

Jul 1, 2019

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

The 7 lakh square feet Reliance Center in Santa Cruz to which Anil Ambani group of companies moved a few years back is expected to fetch Rs 2,000 crore.

Jul 1, 2019

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Companies

World's largest solar power plant to be built in Abu Dhabi, start commercial operations in 2022

Sajjan Jindal-led JSW Energy terminates Rs 6,500 cr deal with JSPL

Modi govt looks to sell 100% Air India shares in new sell-off process

ACME Solar terminates deal with NTPC for 600 MW project, wants bank guarantee refund in 3 days

Indian-origin banker gets 13 years in Singapore jail for siphoning US$10 million from client's accounts

Infosys pays salary hike to 15% senior employees after 3-month delay

Apple cuts ties with L&T Infotech over mistrust in documentation, procedural lapses

Adani group to operate Ahmedabad, Lucknow, Mangaluru airports

Will Facebook battle Murdoch empire for buying ZEE stake from Subhas Chandra?

Kalpataru to sell assets worth Rs 3,275 crore to CLP India

Who was Lee Iacocca? Management icon and the father of Ford Mustang dies aged 94

Advantage Reliance Jio as India may keep Chinese giant Huawei out of 5G trials

Interests of Tata and Qatar Airways may cloud Etihad and Hinduja bids to buy Jet cheap

Rs 15 charge for net banking transactions? Paytm nixes reports

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

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]