Companies News

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
SC orders attachment of Amrapali Hospital, company properties, 'benami' villa in Goa

SC orders attachment of Amrapali Hospital, company properties, 'benami' villa in Goa

The top court asked the Chief Financial Officer Chander Wadhwa to deposit Rs 11.69 crore with its registry within three weeks. It also asked a statutory auditor Anil Mittal to pay Rs 47 lakh.

Nov 14, 2018, 16:09 PM IST
Infosys to open innovation hub in Texas, hire 500 American workers by 2020

Infosys to open innovation hub in Texas, hire 500 American workers by 2020

The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors.

Nov 14, 2018, 15:14 PM IST
Spicejet Q2 net loss at Rs 389.37 crore as high fuel cost, rupee fall take toll

Spicejet Q2 net loss at Rs 389.37 crore as high fuel cost, rupee fall take toll

The company had posted a net profit of Rs 105.27 crore in the same quarter last fiscal, Spicejet said in a regulatory filing.

Nov 14, 2018, 14:19 PM IST
Moody's changes rating outlook on Tata Motors to negative

Moody's changes rating outlook on Tata Motors to negative

The ratings agency has also affirmed the 'corporate family rating' and the company's senior unsecured instruments ratings at Ba2, which is considered to be speculative grade and subject to

Nov 14, 2018, 14:07 PM IST
Jet says in talks with many parties for stake sale, funding

Jet says in talks with many parties for stake sale, funding

These measures include sale of aircraft, monetization of its stake in Jet Privilege and fresh equity infusion.

Nov 14, 2018, 12:10 PM IST
Twitter CEO Jack Dorsey meets PM Narendra Modi

Twitter CEO Jack Dorsey meets PM Narendra Modi

Dorsey earlier admitted that fighting fake news is no easy task.

Nov 14, 2018, 11:51 AM IST
Startup India Investment Seminar: 8 Indian startups secure $30mn commitments from Chinese investors

Startup India Investment Seminar: 8 Indian startups secure $30mn commitments from Chinese investors

A panel discussion was also organised to discuss effective strategy for Chinese VCs to enter the Indian startup market and share their experiences about the Indian startup ecosystem.

Nov 14, 2018, 11:41 AM IST
Questions raised on RoC grounds for declaring Mistry sacking violative of law: RTI

Questions raised on RoC grounds for declaring Mistry sacking violative of law: RTI

NCLT ruled that the board of directors is competent to dismiss executive chairman, adding that Mistry's conduct does not augur well for the smooth functioning of the group.

Nov 14, 2018, 11:40 AM IST
IL&FS board frames new roadmap to address lenders queries

IL&FS board frames new roadmap to address lenders queries

The NCLAT was hearing a bunch of petitions seeking initiation of insolvency proceedings against IL&FS.

Nov 14, 2018, 11:39 AM IST
Essel Group plans to divest up to 50% of promoter share in ZEEL

Essel Group plans to divest up to 50% of promoter share in ZEEL

Essel group said that it expects the outcome of the strategic review to be concluded by March/April 2019.

Nov 14, 2018, 10:12 AM IST
'Stunned by allegations', says Flipkart co-founder Binny Bansal in email to employees

'Stunned by allegations', says Flipkart co-founder Binny Bansal in email to employees

Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018.

Nov 13, 2018, 21:27 PM IST
Allahabad Bank Q2 loss at Rs 1,823 cr on high NPA provisioning

Allahabad Bank Q2 loss at Rs 1,823 cr on high NPA provisioning

The bank had posted a net profit of Rs 70.20 crore in the July-September quarter of 2017-18.

Nov 13, 2018, 18:22 PM IST
IHH acquires controlling 31.1% stake in Fortis for Rs 4,000 crore

IHH acquires controlling 31.1% stake in Fortis for Rs 4,000 crore

The allotment has been done at Rs 170 per share.

Nov 13, 2018, 18:20 PM IST
Nokia veteran Ashish Chowdhary appointed Apple India head

Nokia veteran Ashish Chowdhary appointed Apple India head

Apple India is currently under Michel Coulomb who took over from Sanjay Kaul in December last year.

Nov 13, 2018, 18:12 PM IST
Binny Bansal resigns from Flipkart: A Timeline of events

Binny Bansal resigns from Flipkart: A Timeline of events

Walmart acquired Flipkart in May this year.

Nov 13, 2018, 18:02 PM IST
Flipkart Group CEO Binny Bansal resigns with immediate effect

Flipkart Group CEO Binny Bansal resigns with immediate effect

Walmart had acquired 77 percent of Flipkart for $16 billion in May.

Nov 13, 2018, 17:21 PM IST
Reliance Foundation partners with Centa to promote teaching, announces Reliance Foundation Teacher Awards

Reliance Foundation partners with Centa to promote teaching, announces Reliance Foundation Teacher Awards

1000 winners of this national competition can now look forward to Reliance Foundation Teacher Awards.

Nov 13, 2018, 16:23 PM IST

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