Companies

Naresh Goyal makes another attempt to check into Jet, offers Rs 250 crore

In a communication to Jet Airways' employees, Goyal said that the funds are now available to banks controlling the airline.

May 8, 2019

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Can TCS beat IBM and Accenture to become world's largest IT services firm?

Indian IT major's 10% growth powers it ahead of DXC to the third position after clocking $20.91 billion revenue as the US firm is struggling for growth momentum.

May 8, 2019

Alibaba's AI tool can write thousands of ad copies per second

Why is China's Alibaba looking at investing in smaller Indian companies?

Jack Ma-led giant's shift of strategy to investments in smaller verticals may help it catch up with Chinese rival Tencent

May 8, 2019

CureFit raises $75 million as valuation tops $500 million

At this pace of investment, CureFit is expected to join the Unicorn club by mid-2020.

May 7, 2019

Triple honours for Jio at Golden Globe Tigers Award 2019

The Golden Globe Tigers Award recognise Jio's market leadership; JioPhone - India ka smartphone; and the new interactive gaming platform Jio Cricket Play Along (JCPA).

May 7, 2019

BigBasket becomes latest entrant in Unicorn club, expects profitability in 6-8 months

Only four per cent of the country's grocery spending's happened online which is on a lower side in comparison to other retail categories.

May 7, 2019

Cognizant's focus shift to banking and financial services to affect Indian staff most

70% of US-based IT services company's 281,600 employees are in India; CEO talks of employee pyramid optimisation as revenue growth slows

May 7, 2019

Ratan Tata invests in Ola Electric, says firm will play key role in e-vehicle ecosystem's growth

Ola Electric is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments.

May 6, 2019

Jet Airways threatened with bankruptcy proceedings

No chance of a Jet Airways revival: Government sources

Parties that had initially expressed interest in Jet, which is saddled with roughly $1.2 billion of debt, have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings.

May 6, 2019

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How will Anil Ambani raise Rs 14,000 crore needed to save Reliance Capital?

Reliance Capital's cash reserves have dwindled and the firm hit by exposure to other floundering entities of the group is trying to raise funds from asset sales.

May 4, 2019

An aircraft of India's Jet Airways lands

Fear of the unknown: Profitability worries, turnaround time deter Jet bidders

Size of debt and other liabilities scare potential investors who are delaying binding bids, says SBI; lenders worried as May 10 deadline for firm bids nears.

May 3, 2019

Will Naresh Goyal face criminal charges over financial fraud after Jet crash?

Registrar of companies is examining the airline's books of account to see if promoters diverted funds from floundering Jet and hastened its crash; any criminal investigation could adversely affect the bidding process piloted by the lenders

May 2, 2019

Indian factories growth hits 8-month low amid general elections

Growth rates of Indian factories slid to an eight-month low amid Lok Sabha 2019 elections.

May 2, 2019

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

ICICI Bank under Kochhar denied in September 2014 about having granted an Essar Group company based in Mauritius $365-million loan in June 2014, records show

May 2, 2019

Legal ambiguity over Ness Wadia conviction will keep Wadia Group shares choppy

Ambiguities in law and the fact that Japanese court has suspended the sentence could help Wadia Group scion in boardrooms and BCCI probe against Kings XI Punjab's IPL future

May 2, 2019