Companies News

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
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

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