Articles by Deependra Jha

Toshiba shares plunge on Nikkei amid fears of huge loss, uncertain future; chairman quits

Toshiba surprises markets by postponing its quarterly results amid reports that it may issue a warning to shareholders that its future is in jeopardy.

Feb 14, 2017

Navi Mumbai airport: GVK wins bid to build spanking Rs 16,000-crore Mumbai airport

GVK currently operates India's first brownfield and greenfield airports as Chhatrapati Shivaji airport in Mumbai and Kempegowda airport in Bengaluru.

Feb 14, 2017

KKR buys tour operator Travelopia for $403 million

TUI Group will use the proceeds from the sale of Travelopia to further expand the growth segments of hotels and cruises.

Feb 14, 2017

Dutch brewer Heineken acquires Brasil Kirin Holding for $704 million

Heineken said it will become the second largest beer company in Brazil after acquiring Brasil Kirin, which has 9% market share in the country.

Feb 13, 2017

Reliance Defence inks pact to repair US Navy's Seventh Fleet warships

The deal with the US Navy is estimated to bring in high-potential business for Reliance Defence.

Feb 13, 2017

As Ola, Uber drivers strike over withdrawal of incentives, Jugnoo rides into cab services

Jugnoo launched cab services in Gurugram and it will soon expand the services to other cities.

Feb 13, 2017

Infosys CEO Vishal Sikka says Indian jobs to be worst impacted by automation

Speaking at an investor conference, Sikka completely played down the tussle between the Infosys board and certain founders.

Feb 13, 2017

SBI considering cyber liability insurance to protect customers from online fraud

Insurers see a rise in demand for cyber liability insurance as online threats are on the rise as digital transactions go up.

Feb 13, 2017

India to merge commodity boards to boost output, exports

The Sebi has also approved a draft amendment to allow commodity derivative exchanges to deal in options.

Feb 12, 2017

Oil ministry seeks details from ONGC over allegations that it overpaid Videocon for stake in Mozambique gas field

In 2013, ONGC Videsh Ltd had acquired Videocon Group's 10% stake in Offshore Area 1 for $2.48 billion.

Feb 12, 2017

Yale to rename Calhoun College after protests over John Calhoun's historical ties to slavery

Yale will rename the college after Grace Murray Hopper, a computer scientist who also served as US Navy rear admiral.

Feb 12, 2017

Nitin Gadkari: The man who has brought highways and shipping ministries to prominence

Nitin Gadkari is often described by both his partymen and even critics as "the best-performing minister in the Modi government."

Feb 12, 2017

Airbnb eyeing to acquire Montreal-based rental startup Luxury Retreats International

Luxury Retreats, which would be Airbnb's largest acquisition, is a profitable venture and generates about $150 million in gross bookings a year.

Feb 10, 2017

Infosys hires law firm to review its simmering corporate governance issues

Some Infosys founders expressed concerns about sharp compensation hike for CEO Vishal Sikka and the severance package offered to ex-executives.

Feb 10, 2017

EPFO may soon decide to invest more of its funds into stock markets

The EPFO currently invests 10% of its incremental deposits into ETFs and may soon raise it to 15%.

Feb 10, 2017

Nokia acquires Finnish network service provider Comptel for $370 million

The acquisition will help Nokia create a standalone software business by expanding its software portfolio and go-to-market capabilities.

Feb 10, 2017

Copper prices hit 18-month high as workers at BHP Billiton's Escondida mine in Chile set to go on strike

A work stoppage at Escondida, the world's largest copper-mining site, will cut about 25,000 tonnes a week from the global copper market.

Feb 9, 2017

Is India prepared to recycle its huge pile of junk mobile phones and computers?

India, the world's second largest mobile market, is also the fifth largest producer of e-waste, discarding roughly 18.5 lakh tonnes of e-waste each year.

Feb 9, 2017

Snapdeal to close handicrafts marketplace Shopo.in amid mounting losses, fund woes

Snapdeal's Shopo.in is shutting operations from February 10 as the e-commerce player is looking to aggressively cut costs.

Feb 9, 2017

Stock markets abuzz with rumours of Axis Bank-Kotak Mahindra Bank merger

A top fund manager was quoted saying in an English daily that a merger is being explored by the shareholders of Kotak Mahindra Bank and Axis Bank.

Feb 9, 2017