Companies News

Ministerial panel clears strategic sale of Air India subsidiary AIATSL

Ministerial panel clears strategic sale of Air India subsidiary AIATSL

Proceeds from the sale of AIATSL would be used to pay-off part of Air India's debt.

Nov 28, 2018, 10:57 AM IST
Competition Commission approves LIC's majority stake buy in IDBI Bank

Competition Commission approves LIC's majority stake buy in IDBI Bank

The deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed balance sheet.

Nov 28, 2018, 10:56 AM IST
Kapoor-vs-Kapur: Finally, Rana may smoke peace pipe with Madhu

Kapoor-vs-Kapur: Finally, Rana may smoke peace pipe with Madhu

Rana Kapoor is the managing director and chief executive till an RBI-mandated January 31, 2019 deadline.

Nov 28, 2018, 10:51 AM IST
Pawan Hans sale: Shortlisted bidders to get draft share purchase pact this week

Pawan Hans sale: Shortlisted bidders to get draft share purchase pact this week

The decision was taken by the Alternative Mechanism on strategic disinvestment headed by Finance Minister Arun Jaitley and comprising Civil Aviation Minister Suresh Prabhu.

Nov 28, 2018, 10:49 AM IST
Moody's downgrades Yes Bank ratings; changes outlook to negative

Moody's downgrades Yes Bank ratings; changes outlook to negative

Moody's said while Yes Bank's current asset quality metrics are superior to those of its Indian peers, its aggressive growth strategy poses asset risks.

Nov 27, 2018, 16:41 PM IST
HDFC to raise Rs 8,500 cr via bonds

HDFC to raise Rs 8,500 cr via bonds

HDFC said only those persons who are specifically addressed through a communication are eligible to apply for the debentures.

Nov 27, 2018, 11:38 AM IST
HEG board approves Rs 750 crore share buyback proposal

HEG board approves Rs 750 crore share buyback proposal

The company's plant at Mandideep near Bhopal in Madhya Pradesh is the largest single-site integrated graphite electrode facility in the world.

Nov 27, 2018, 11:36 AM IST
IFCI gets Rs 492 cr for Binani Cement resolution under IBC

IFCI gets Rs 492 cr for Binani Cement resolution under IBC

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement.

Nov 27, 2018, 11:26 AM IST
Stake sale: IL&FS claims over dozen responses for 2 arms

Stake sale: IL&FS claims over dozen responses for 2 arms

On November 12, the company had initiated the process for divesting its stake in both the subsidiaries. The group has 348 subsidiaries, nearly half of which are overseas.

Nov 27, 2018, 10:59 AM IST
Jet Airways layoffs: Airline fires 16 more people to cut cost

Jet Airways layoffs: Airline fires 16 more people to cut cost

These employees were working as ground staff in Jet Airway's Kochi and Hyderabad offices, as per the source.

Nov 27, 2018, 10:58 AM IST
Sun Pharma to acquire Japan's Pola Pharma for USD 1 mn

Sun Pharma to acquire Japan's Pola Pharma for USD 1 mn

Pola Pharma's portfolio mainly comprises dermatology products. It has two manufacturing facilities in Saitama with capabilities to manufacture topical products and injectables.

Nov 27, 2018, 10:55 AM IST
General Motors to close plants, cut staff by 15%, faces criticism from Donald Trump

General Motors to close plants, cut staff by 15%, faces criticism from Donald Trump

The automaker said it will close two assembly plants in the US and one in Canada, along with two others in as-yet-unidentified countries.

Nov 27, 2018, 08:58 AM IST
IndiGo clarifies its web check-in policy after backlash on social media

IndiGo clarifies its web check-in policy after backlash on social media

Earlier, Indigo charged only for particular types of seats like a window or aisle seat or seat having extra legroom when passenger opted for online selection.

Nov 26, 2018, 17:24 PM IST
Aircel-Maxis case: Have procured sanction to prosecute Chidambaram, CBI tells court

Aircel-Maxis case: Have procured sanction to prosecute Chidambaram, CBI tells court

The CBI is probing alleged irregularities in grant of FIPB approval in Aircel-Maxis deal, while the ED is probing alleged money-laundering related to the deal.

Nov 26, 2018, 14:47 PM IST
Aircel-Maxis case: Court extends interim protection from arrest to Karti, P Chidambaram till December 18

Aircel-Maxis case: Court extends interim protection from arrest to Karti, P Chidambaram till December 18

Chidambaram's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.

Nov 26, 2018, 14:31 PM IST
IndiGo to charge passengers for web check-in, DGCA says reviewing the fees structure

IndiGo to charge passengers for web check-in, DGCA says reviewing the fees structure

 Passengers will have to shell out up to Rs 800 extra if they opt for web check-in.

Nov 26, 2018, 13:24 PM IST
Airtel Africa appoints eight global Banks to work on IPO

Airtel Africa appoints eight global Banks to work on IPO

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'.

Nov 26, 2018, 12:05 PM IST
Former Nissan chairman Carlos Ghosn denies allegations against him

Former Nissan chairman Carlos Ghosn denies allegations against him

Former Nissan chairman Ghosn has been arrested on suspicion of financial misdoing.

Nov 25, 2018, 13:50 PM IST
Oil India Ltd to buy back 4.45% shares for Rs 1,085 crore

Oil India Ltd to buy back 4.45% shares for Rs 1,085 crore

In a regulatory filing, OIL said its board has approved buyback of shares at an aggregate of no more than 10 per cent of the fully paid-up equity share capital and free reserves of the company.

Nov 23, 2018, 17:47 PM IST
COAI says debt restructuring, cut in levies must to alleviate telecom stress

COAI says debt restructuring, cut in levies must to alleviate telecom stress

The COAI's comments assume significance given that hectic parleys continue between the government and industry over liquidity concerns in telecom sector.

Nov 23, 2018, 14:54 PM IST

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