Devansh Singh

Articles by Devansh Singh

Email : editor@ibtimes.co.in

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Reliance to sell 25% in refining business to Aramco to pare Rs 3 lakh crore debt?

Reliance's mainstay refining and petrochemicals operations could be valued at $55-$60 billion in the gargantuan deal, fetching the Indian conglomerate around $10-$15 billion for the minority stake.

Apr 17, 2019

Reliance Jio's fibre unit readies Rs 27,000 crore war chest to fund expansion

The funds will be used by the company to expand its data network and attract users from other companies and businesses.

Apr 15, 2019

Ford's solo drive in India to end? Deal with Mahindra in the offing!

The Indian subsidiary of the US carmaker will transfer most of its current automotive business, assets and employees to the new company.

Apr 10, 2019

Johnson & Johnson in deep trouble in India; now cancer-causing ingredients found in baby shampoo

The Drugs Control Organisation of Rajasthan has claimed to have discovered formaldehyde in two batches of the popular shampoo and subsequently, a notice has been sent to authorities across the country.

Apr 1, 2019

Let's have a look at top 5 internet companies in India with mind-boggling valuations

Nimble companies with innovative ideas are raising millions of dollars every other day, which brings us to the question, what is the pecking order of Indian internet companies?

Mar 28, 2019

Mindtree board dumps share buyback plan, is it advantage L&T?

The move may make it easier for L&T to gain control of the IT company, controlling shareholders of which have been resisting a takeover by the engineering-to-software behemoth.

Mar 27, 2019

After Mukesh Ambani, another Indian billionaire bails out younger sibling

The Mittal brothers had split their businesses in 1994. However, eldest brother Lakshmi Niwas chipped in with 16 billion rupees to help Pramod clear massive dues to STC.

Mar 26, 2019

Softbank's $350 million cheque makes Delhivery the latest unicorn in Indian startup scene

The investment will primarily be used for expansion into new areas. Delhivery plans to add 5,000 new pin codes to the current 15,000 by the first half of 2020.

Mar 25, 2019

Rupee makes a turnaround amid optimism over PM Modi's re-election, becomes Asia's best-performing currency

A sudden surge in the inflow of dollars has sent the rupee to its highest level since August, prompting profit booking that led to the currency witnessing a drop on Tuesday after six trading sessions of continuous gains.

Mar 20, 2019

Anil Ambani invokes 'family values' after elder brother Mukesh saves him from jail

On Monday, RCom paid the Swedish company Rs 4.6 billion, which also received an additional Rs 30 million from the Supreme Court's registry that the Anil Ambani-led firm had deposited as penalty interest.

Mar 19, 2019

Maruti Suzuki cuts production by whopping 25%! What is ailing the Indian auto market?

Impacted by a higher cost of ownership due to rising interest rates, insurance premiums and tight liquidity, sales of passenger cars has been declining since August 2018.

Mar 18, 2019

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Vistara gets green signal to fly on international routes

Vistara has sought permission to fly between Delhi and Colombo seven days a week.

Mar 13, 2019

IndiGo poaching trouble-hit Jet Airways' pilots with compelling offers

The shortage of pilots is not unique to IndiGo. Experienced pilots are in short supply as airlines add fresh capacity driven by rapidly rising passenger traffic.

Mar 13, 2019

Standard Chartered, Ruias create hurdle in ArcelorMittal's India expansion

The case has been dragging on for over 580 days as against the stipulated 270 days under the law due to multiple litigations by the former promoters, Standard Chartered bank and some operational creditors.

Mar 12, 2019

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Airfares rise steeply as trouble-hit Jet Airways and IndiGo cut capacity

Tickets booked well in advance are also inching north due to capacity constraints.Key metro routes such as Delhi-Mumbai and Delhi-Bengaluru have faced the major brunt of the reduced capacity.

Mar 11, 2019

Premium Apple phones may get cheaper as ministry approves local manufacturing

Wistron is not alone, Apple's other contract manufacturer Foxconn too plans to start assembling pricier models of iPhone in the country in 2019.

Mar 7, 2019

Mukesh Ambani at 13th on global rich list, will the Reliance Industries chairman have world's richest title?

A 100% rally in Reliance's stock and a substantial decline in Amazon founder Jeff Bezos wealth, following divorce with wife MacKenzie, could make Ambani the richest person in the world.

Mar 6, 2019

Will Samsung move TV production back to India?

The electronics giant's decision to relocate production to the South East Asian country was seen as a major setback for the government's Make in India initiative

Mar 6, 2019

Mighty Tatas restructure unwieldy group into 10 verticals

The move is aimed at improving coordination and functioning and is likely to help in synergising operations of over 100 group companies, often operating in overlapping markets.

Mar 4, 2019

Tata Motors logos are seen at their flagship showroom

Tata Motors mulls stake reduction in Jaguar Land Rover

The British luxury carmaker has been struggling for a while now due to a slowdown in China and a shift in consumer preference away from diesel and combustion engines.

Mar 1, 2019

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