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pepsico indra nooyi revenues sales income 2015 2014 operating profit us india sugar beverages soft drinks snacks

PepsiCo offers olive branch to sued Gujarat potato farmers

The farmers claimed that they have not infringed any IPR rights of PepsiCo and the Section 39(1) of PPV&FR Act, 2001 entitled farmers in India to buy and sow seeds of any variety registered. Apr 27, 2019
Leela Group

Legal, regulatory delays stall Brookfield's Leela deal despite shareholders' nod

Leela Hotel shareholders' overwhelming support for Brookfield, JMFARC stake sales await orders of company law tribunal, Sebi after ITC, LIC cry foul Apr 27, 2019
Fully accessorized 2018 Maruti Suzuki Ertiga

Maruti Suzuki's decision to phase out diesel cars to leave broader impact

Impact of largest carmaker Maruti's decision to phase out diesel by April 2020 will be felt across the Indian passenger car market forcing others to follow. Apr 26, 2019
Uber

Major restructuring at Uber: India operation integrated with Europe

Earlier, the Asia Pacific business of the company was headed by Amit Jain, who started Uber's business in India and headed its operations. Apr 24, 2019
Hotel Leela Palace Bengaluru of the Leela Group

ITC out to spoil Hotel Leela's date with JM ARC, Brookfield

Retail giant seeks cancellation of stake sales deals with private equity firms, removal of directors, and appointment of an administrator. Apr 24, 2019
flipkart

Flipkart's mega logistics investment to generate 50,000 jobs

The logistic parks will act as freight aggregation and distribution hub, and leverage technology for an intelligent transport system. Apr 24, 2019
Ola electric

Usage-based incentives on electric vehicles will accelerate innovation, says Ola

The electric fleet of Ola in Nagpur - a combination of e-rickshaws and e-cabs - has served over 3,50,000 customers, clocked over 7.5 million km and saved over 5.7 lakh litres of fossil fuel. Apr 24, 2019
Zee Group chairman Subhash Chandra's brother Ashok Kumar Goel to sell 51% stake that Ashok Goel Trust holds in Essel Propack to Blackstone

Subhash Chandra's brother sells Essel Propack stake; not to bail out Essel Group

US private equity firm Blackstone will pay Essel Propack promoter Ashok Kumar Goel Rs 2,157 to acquire 51% stake in the producer of specialty packaging Apr 23, 2019
jet airways

Has Jet Airways bidders' interest nosedived amid loss of flight slots, procedural confusion?

Redistribution of grounded airline's flight slots to rivals, regulatory confusion as top court stays key RBI circular on stressed assets, and threat of bankruptcy proceedings cloud the fate of stake sale. Apr 23, 2019
Pawan Hans

Pawan Hans follows Air India into divestment turbulence as election intervenes

Public sector helicopter operator fails to receive adequate investor interest despite extending deadline several times over the past one year. Apr 22, 2019
Jet Airways threatened with bankruptcy proceedings

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts

Service provider's notice threatening insolvency proceedings over Rs 25 lakh dues could snowball into major trouble for the lenders to whom Jet Airways owes Rs 8,500 core debt if other creditors join the action. Apr 22, 2019
air india express aviation civil air india market share profit modi revenue passengers plf market india

Air India Express, Air India mull Jet planes lease as lenders secure assets

Indians in the Gulf happy as flight cancellation because of aircraft shortage is a major problem in the sector; Air India hopes to lease wide-body aircraft along with the routes. Apr 22, 2019
RIL asks its 40,000  employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

The central government had issued preliminary information memorandum kicking off the Air India's disinvestment process. Apr 20, 2019
Anil Ambani

Anil Ambani's RCom in limbo as deal with Mukesh's Jio snaps; court cases drag on

Telecom operator scrapped Rs 7,300-crore spectrum sales deal with Jio after DoT refused nod for transfer amid mounting dues of unpaid license fees. Apr 20, 2019
SpiceJet Boeing 737 MAX 8.

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Hundreds of Jet Airways employees protested in Delhi and Mumbai on Thursday to push its management for answers about their future after the airline shut down all flight operations on Wednesday having failed to secure new funding from its lenders. Apr 20, 2019
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