Companies

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

reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

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

Fraudsters in Bengaluru dupe people of lakhs offering cheap Indigo air tickets

The office of the fraudsters had an address in Richmond Road in Bengaluru. Indigo confirmed that they do not have an official address in the city except at the Kempegowda International Airport.

May 2, 2019

Worrying fall in Reliance return on assets despite better-than-expected numbers

Rising capital spend, dipping refining margin and slowing telecom business revenue afflict RIL balance sheet as FY19 return on assets plummets

May 2, 2019

Can lenders to Jet afford to accept employees' proposal to revive the airline?

Employees' consortium has told the lenders, who have invited bids for a debt rescue plan, that it can secure Rs 3,000 crore investment to set the airline on a trajectory to recovery.

Apr 30, 2019

Vistara's plan to recruit Jet planes and staff will spur domestic competition

Full-service airline with a homogenous fleet of Airbus A320s may add six Boeing 737 aircraft and recruit staff from distressed Jet Airways.

Apr 29, 2019

JioPhone tops India's feature phone market, Samsung close second in Q1 2019

Unlike the smartphone market, which contracted for the first time in 2018, the feature phone market has continued to grow over the last three years.

Apr 29, 2019

IL&FS audit case: Government may debar Deloitte for alleged misconduct

If the Ministry of Corporate Affairs goes ahead with the punishment, it will be the second occasion when Price Waterhouse was banned for similar malpractice in the Satyam scam.

Apr 28, 2019