Companies

Arbitration court rejected India's plea in case against Japan carmaker Nissan Motor

Singapore court rejects India's plea in case against Nissan

Nissan Motor had sent a legal notice to Tamil Nadu claiming unpaid due worth Rs 5000 crores in 2016.

May 30, 2019

MacKenzie Bezos pledges to donate half her $36 billion fortune to charity

MacKenzie's decision follows the movement founded by billionaires Warren Buffett and Bill and Melinda Gates.

May 29, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba plans to raise $20 billion in Hong Kong listing

Alibaba is considering to raise as much as $20 billion through a secondary listing in Hong Kong, lining up a second blockbuster deal, following its 2014 $25 billion float in New York.

May 28, 2019

Jet Airways threatened with bankruptcy proceedings

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019

Jet Airways pilots heave sigh of relief as Korean Air comes to town with job offers

Korean Air is looking to hire at least 300 pilots of all ranks to fly their Boeing 777-300s.

May 24, 2019

Ola suspends Foodpanda delivery, fires employees

This is the second failure for Ola in the food delivery business. The company had launched Ola Café in 2015 but closed its operations within a year.

May 22, 2019

inflation, retail inflation, inflation for march 2017, india news, indian economy

Will consumption slowdown impact Indian economy?

A look at the historic performance of the FMCG sector (or consumer staples) reveals that it has been the silent star performer of the Indian equities market.

May 21, 2019

Ford Motor to cut 7,000 white-collar jobs as part of global restructuring

Ford CEO Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the US.

May 21, 2019

Ashok Leyland ready to ride on Elon Musk's India dream

Tesla was expected to enter India with the Model 3 that sells for nearly $35,000. In 2015, Prime Minister Narendra Modi had also visited Tesla headquarters at Palo Alto, the US.

May 20, 2019

Amazon offers domestic flight bookings in India, promises no cancellation fee

Amazon will not levy additional charges for booking tickets and those who book the tickets through the portal can avail offers and cashback options.

May 20, 2019

Walmarts' profit erodes amid investment in Flipkart

Walmart's International operating income tanked 38% in constant currency terms and 42% on a reported basis.

May 18, 2019

#BoycottAmazon trends on Twitter over door mats, shower curtains featuring Hindu deities

Social media users have also tweeted to External Affairs Minister Sushma Swaraj asking her to take action to put an end to these products. They are being sold on the Amazon US app.

May 17, 2019

IndiGo shares tank over report of differences between co-founders on growth plan

India's largest airline has been growing at breakneck speed with drastic capacity addition to grabbing market share in the world's fastest-expanding aviation market.

May 16, 2019

Ola and SBI launch India's most rewarding credit card; target 10 million cards by 2022

Ola's suite of digital financial offerings ranges from the Ola Money wallet to postpaid billing and micro-insurance for rides taken on the Ola platform.

May 15, 2019

Zee Media's 73% profit drop triggers selloff; share tanks 10% in early trade

Company backed by Subhash Chandra's Essel Group posts Rs 13.17-crore profit after tax for FY19 when compared to Rs 49 crore in the previous fiscal.