Companies News

SC rejects plea of Dalmia Bharat Group firm's plea against rejection of its bid for Binani Cement

SC rejects plea of Dalmia Bharat Group firm's plea against rejection of its bid for Binani Cement

The bench said there was no infirmity in the NCLAT's order.

Nov 19, 2018, 18:03 PM IST
Salary dues: Jet Airways pilots not to do additional duties

Salary dues: Jet Airways pilots not to do additional duties

The Naresh Goyal-controlled carrier has been reporting losses since last three successive quarters and defaulting on salary payments to a section of its staff.

Nov 19, 2018, 16:30 PM IST
Five independent directors reappointed to CIL board

Five independent directors reappointed to CIL board

Coal India accounts for over 80 per cent of the domestic coal output.

Nov 19, 2018, 12:58 PM IST
No proposal made to Jet Airways for possible takeover, talks at preliminary level: Tata Sons

No proposal made to Jet Airways for possible takeover, talks at preliminary level: Tata Sons

The financial crunch in Jet has resulted in delayed payments to its vendors and salaries to a section of its over 16,000 employees.

Nov 16, 2018, 17:28 PM IST
Q&A: Anand Mahindra says Jawa Motorcycles are love at first sight

Q&A: Anand Mahindra says Jawa Motorcycles are love at first sight

Jawa motorcycles will be manufactured in India.

Nov 16, 2018, 14:48 PM IST
PMO nudging Tata group to bail out Jet Airways: Sources

PMO nudging Tata group to bail out Jet Airways: Sources

Sources said that the PMO is trying to ensure that the uncertainty in the aviation market is reduced to a certain extent by asking the Tata group to explore buying the struggling airline.

Nov 16, 2018, 14:18 PM IST
ED probing if Amazon, Flipkart violated provisions of foreign exchange law, HC told

ED probing if Amazon, Flipkart violated provisions of foreign exchange law, HC told

The matter is scheduled to come up for hearing before a bench of Chief Justice Rajendra Menon and Justice V K Rao on November 19.

Nov 16, 2018, 10:40 AM IST
Tata Sons board may discuss plans to snap up Jet Airways today

Tata Sons board may discuss plans to snap up Jet Airways today

Media reports suggest that the parent company of Vistara, Tata-Singapore Airlines, is looking at all-stock merger with Jet Airways as part of the Tata group's plans to board Goyal's full service

Nov 16, 2018, 10:36 AM IST
Flipkart seeks to soothe employee nerves after Binny Bansal's exit

Flipkart seeks to soothe employee nerves after Binny Bansal's exit

Walmart -- Flipkart's parent entity -- Tuesday issued a statement saying Flipkart co-founder Binny Bansal had resigned as the group chief executive officer.

Nov 15, 2018, 13:58 PM IST
Reliance Jio tops 4G chart with 22.3 Mbps download speed in October

Reliance Jio tops 4G chart with 22.3 Mbps download speed in October

Jio's national average of 4G download speed was more than double compared to its rival Bharti Airtel.

Nov 15, 2018, 13:22 PM IST
Vodafone Idea reports loss of Rs 4,973 cr for September quarter, mulls raising Rs 25k cr

Vodafone Idea reports loss of Rs 4,973 cr for September quarter, mulls raising Rs 25k cr

The company is also actively exploring sale of its fibre network.

Nov 15, 2018, 13:20 PM IST
IDBI Bank Q2 losses widen to Rs 3,602 cr on higher provisions

IDBI Bank Q2 losses widen to Rs 3,602 cr on higher provisions

The bank had reported a net loss of Rs 198 crore in the year-ago quarter.

Nov 15, 2018, 13:19 PM IST
Air India bailout plan not alternative to divestment: CMD

Air India bailout plan not alternative to divestment: CMD

He said discussions are in advanced stage for transferring Rs 29,000 crore out of Air India's near Rs 55,000 crore total debt to a special purpose vehicle (SPV).

Nov 15, 2018, 13:18 PM IST
Dena Bank expects valuation report for amalgamation in 4-5 weeks

Dena Bank expects valuation report for amalgamation in 4-5 weeks

The government has proposed the merger of Bank of Baroda, Vijaya Bank and Dena Bank, and the new entity will be the second largest lender after SBI, with 9,000 branches.

Nov 15, 2018, 13:17 PM IST
Yes Bank chairman Ashok Chawla resigns with immediate effect

Yes Bank chairman Ashok Chawla resigns with immediate effect

The bank also said that Independent Director Vasant Gujarathi too has tendered his resignation with immediate effect due to personal commitments.

Nov 15, 2018, 13:16 PM IST
M&M group net rises 14% Rs 1778.7 crore despite fall in margins

M&M group net rises 14% Rs 1778.7 crore despite fall in margins

Despite a good bottomline performance, the management guided towards a tepid show going forward saying volume growth may be capped at 7 percent most likely and 8 percent in a best case scenario.

Nov 15, 2018, 13:11 PM IST
Tata looks to reclaim the skies in Jet Airways stake talks

Tata looks to reclaim the skies in Jet Airways stake talks

Should a deal with Jet succeed, Tata would gain access to hard-to-get parking slots at Mumbai`s congested airport, most of which are occupied by the 25-year-old airline.

Nov 15, 2018, 12:59 PM IST
Ashok Chawla resigns as Yes Bank chairman

Ashok Chawla resigns as Yes Bank chairman

Private lender Yes Bank said Wednesday its non-executive Chairman Ashok Chawla has resigned with immediate effect.

Nov 14, 2018, 21:09 PM IST
Gautam Singhania steps down as Raymond Apparel chairman

Gautam Singhania steps down as Raymond Apparel chairman

Gautam Singhania has stepped down as the chairman of Raymond's branded apparel arm with a view to run the company more professionally.

Nov 14, 2018, 19:26 PM IST
NCLAT approves UltraTech's bid for Binani Cement

NCLAT approves UltraTech's bid for Binani Cement

The apex court had directed NCLAT to hear the case on a day-to-day basis.

Nov 14, 2018, 16:41 PM IST