Companies News

Pfizer to replace longtime CEO Read with veteran Bourla

Pfizer to replace longtime CEO Read with veteran Bourla

Pfizer walked away from buying British drugmaker AstraZeneca in 2014 as the deal met with opposition from both countries over jobs and corporate tax maneuvers.

Oct 01, 2018, 23:42 PM IST
Court grants time to CBI for obtaining sanction to prosecute Chidambaram in Aircel-Maxis case

Court grants time to CBI for obtaining sanction to prosecute Chidambaram in Aircel-Maxis case

The agency had on July 19 filed a charge sheet against the Congress leader, his son Karti, ten individuals including public servants and six companies as accused in the case.

Oct 01, 2018, 17:24 PM IST
Submit plan to discontinue Aadhaar-based eKYC: UIDAI tells telcos

Submit plan to discontinue Aadhaar-based eKYC: UIDAI tells telcos

A circular to this effect has already been issued to the telecom service providers (TSPs), including Bharti Airtel, Reliance Jio, Vodafone Idea and others.

Oct 01, 2018, 16:36 PM IST
NCLT allows dismissal of  IL&FS board; appoints new 6-member board

NCLT allows dismissal of IL&FS board; appoints new 6-member board

A new 6-member board headed by Uday Kotak will lead the debt ridden IL&FS board.

Oct 01, 2018, 16:33 PM IST
Govt moves NCLT for management change at IL&FS

Govt moves NCLT for management change at IL&FS

Sources close to IL&FS said it is likely to support the application as it will help resolve all the pending issues and reach at a comprehensive solution for the benefit of all stakeholders.

Oct 01, 2018, 15:12 PM IST
Fully geared up for succession plan, says Yes Bank

Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to

Oct 01, 2018, 15:06 PM IST
IL&FS wins shareholder approval for restructuring plan

IL&FS wins shareholder approval for restructuring plan

The shareholder approval gives the privately-held Indian infrastructure financing and construction firm a lifeline and time to sell some of its infrastructure assets and restructure its 910 billion

Oct 01, 2018, 11:13 AM IST
PNB fraud: ED attaches Rs 637 crore assets of Nirav Modi, family in 5 countries

PNB fraud: ED attaches Rs 637 crore assets of Nirav Modi, family in 5 countries

There are only very few cases where Indian agencies have attached assets abroad in a criminal probe.

Oct 01, 2018, 10:55 AM IST
‘13 Indian banks lost out about 40 million pounds in Force India sale’

‘13 Indian banks lost out about 40 million pounds in Force India sale’

One of the two main bidders of Vijay Mallya's Force India Formula One racing team has claimed that a consortium of 13 Indian banks lost out on estimated 40 million pounds.

Sep 30, 2018, 12:09 PM IST
Elon Musk to step down as Tesla chairman, to pay fine of $20 million

Elon Musk to step down as Tesla chairman, to pay fine of $20 million

Elon Musk has reached a settlement with United States Securities and Exchange Commission (SEC) according to which he will quit as chairman of Tesla as well as pay a fine of US $20 million.

Sep 30, 2018, 06:44 AM IST
No relief for common man as petrol, diesel prices touch new highs

No relief for common man as petrol, diesel prices touch new highs

The rise fuel prices continued unabated on Saturday as both petrol and diesel prices touched fresh highs in metros like Delhi and Mumbai.

Sep 29, 2018, 07:15 AM IST
Taj Mansingh auction: Tata Group's Indian Hotels Company Ltd wins NDMC bid

Taj Mansingh auction: Tata Group's Indian Hotels Company Ltd wins NDMC bid

The Taj Mansingh was given to the Tata group in 1978 on a lease for 33 years, which ended in 2011.

Sep 28, 2018, 16:55 PM IST
Yes Bank denies window dressing of corporate accounts to hide NPAs

Yes Bank denies window dressing of corporate accounts to hide NPAs

The RBI recently curtailed the tenure of Yes Bank's founder and CEO Rana Kapoor till January 2019.

Sep 28, 2018, 16:35 PM IST
India's shadow banking sector likely to face shake-up after IL&FS default

India's shadow banking sector likely to face shake-up after IL&FS default

The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them, including IL&FS, had received top credit ratings.

Sep 28, 2018, 15:03 PM IST
IL&FS looks to exit project financing: Report

IL&FS looks to exit project financing: Report

The report comes a day after the company`s IL&FS Financial Services Ltd unit said it missed repayments on a host of bank loans and some term deposits due this month.

Sep 28, 2018, 12:31 PM IST
US regulator sues Elon Musk for fraud, seek to remove him from Tesla

US regulator sues Elon Musk for fraud, seek to remove him from Tesla

Losing its public face and guiding force would be a big blow for money-losing Tesla, which has a market value of more than $50 billion, chiefly because of investors` belief in Musk`s leadership. 

Sep 28, 2018, 07:32 AM IST
Amazon, Flipkart announce big festive sale: Offer, dates and more

Amazon, Flipkart announce big festive sale: Offer, dates and more

Amazon India competes head-on with rival Flipkart.

Sep 27, 2018, 18:26 PM IST
Premji Invest, Axis AMC pick 4% in SBI General for Rs 482 crore

Premji Invest, Axis AMC pick 4% in SBI General for Rs 482 crore

The proposed transaction values SBI General Insurance at over Rs 12,000 crore.

Sep 27, 2018, 18:00 PM IST
RBI cancels meeting with IL&FS shareholders

RBI cancels meeting with IL&FS shareholders

IL&FS's annual general meeting is scheduled for September 29 here.

Sep 27, 2018, 17:49 PM IST
Amazon India bets on new customers from smaller cities, big brands for festive success

Amazon India bets on new customers from smaller cities, big brands for festive success

Amazon India, which competes head-on with rival Flipkart, will kick off its festive sale from October 10-15.

Sep 27, 2018, 17:48 PM IST

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