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Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Reports had emerged on Monday that chairman Goyal was willing to cut his equity stake in Jet to as low as 15 percent in order to prevent the carrier going belly up.

Nov 28, 2018

Nestle close to acquiring Horlicks from GSK India

A deal for the children's malt-based health drink brand will extend the Swiss giant's dominance in India's processed food market.

Nov 28, 2018

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Alibaba's Jack Ma is a Communist Party member, reveals China state paper

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

Nov 27, 2018

Retaining talent: Infosys doubles pay for 'skilled up' employees

The programmes are for Infosys employees associated with the company for more than three years to stop them from moving to another company or pursue higher studies.

Nov 27, 2018

RCom fears DoT bank guarantee push can scupper assets sale deal with Jio

Anil Ambani's company told the top court that government ignored collateral security worth Rs 1,400 cr while seeking Rs 2,940 cr bank guarantee.

Nov 27, 2018

Flipkart co-founder Sachin Bansal eyes comeback with fintech and agri-tech on radar

Sachin has reportedly partnered with Ankit Aggarwal, his IIT-Delhi friend and has offered him to take the position as a founder and partner employee of the proposed platform.

Nov 27, 2018

General Motors shaking things up; to cut 15% jobs, shuts down 5 plants in North America

In 2019, General Motors will wind up operations of plants in Detroit, Ohio and Ontario, Canada, and transmission factories in Michigan and Maryland. GM has already announced the closure of the assembly plant in Gunsan, South Korea.

Nov 27, 2018

Mitsubishi Motors ousts Carlos Ghosn as chairman, days after Nissan firing

Carlos Ghosn was removed from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.

Nov 26, 2018

IndiGo introduces charges for web check in; draws flak from passengers

While checking in through the website of the carrier, a passenger will have to pay between Rs. 100 and Rs. 800 depending upon the seats selected.

Nov 26, 2018

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'Naresh Goyal willing to dilute stake to 15% to save Jet Airways from crashing'

Goyal is reportedly pursuing a deal under which he would remain the chairman of the airline he founded in 1993.

Nov 26, 2018

Microsoft surpasses Apple to become most valuable US company

Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on Friday, owing to lower-than-expected iPhone sales amid reports of its suppliers cutting cost and workforce.

Nov 24, 2018

'Binny Bansal filed police complaint against his accuser, withdrew it later'

Walmart's investigation against Bansal did not find any evidence to corroborate the woman's claims.

Nov 23, 2018

Dr Reddy's victory in US patent case for opioid treatment film boost for Indian generic drug makers

The ruling is a landmark one for many Indian generic drug makers who have been caught in long-winding litigation with established global players for the US market.

Nov 23, 2018

Jet Airways independent director Ranjan Mathai resigns

Crisis-hit Jet Airways said that retired diplomat Ranjan Mathai has resigned as an independent director on its board due to his other commitments.

Nov 23, 2018

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E-commerce players, startups scale up hiring for top positions

The sudden rise in the headhunting has been driven by multiple factors such as an improved funding scenario, increased M&A activity, increased mobile data consumption and the creative e-commerce and transaction models.

Nov 23, 2018