Companies News

Reliance Communications, Sweden's Ericsson reach $80 million settlement

Reliance Communications, Sweden's Ericsson reach $80 million settlement

In May, India`s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.

Aug 06, 2018, 14:17 PM IST
Jet Airways refutes reports of stake sale, says committed to create sustainable future

Jet Airways refutes reports of stake sale, says committed to create sustainable future

The company, part owned by Etihad Airways, had net debt of 81.5 billion rupees as of end-March.

Aug 06, 2018, 11:48 AM IST
GoAir puts 1 million seats up for sale at Rs 1,099 starting fares

GoAir puts 1 million seats up for sale at Rs 1,099 starting fares

Budget carrier GoAir today offered up to 10 lakh seats for sale at a heavily-discounted ticket price, starting as low as Rs 1,099 for a one-way travel across its network.

Aug 04, 2018, 17:32 PM IST
SC refuses to interfere with Delhi HC order granting bail to Karti Chidambaram

SC refuses to interfere with Delhi HC order granting bail to Karti Chidambaram

On June 25, the CBI moved the apex court challenging the high court order granting bail to Karti.

Aug 03, 2018, 12:59 PM IST
Jet Airways warns staff time and funds are running out: Source

Jet Airways warns staff time and funds are running out: Source

Pilots who have refused a proposed 15 percent pay cut for two years had been informed that the airline was running out of time to slash costs and raise revenue.

Aug 03, 2018, 12:46 PM IST
Apple becomes 1st company worth $1,000,000,000,000; beats Google, Amazon to the mark

Apple becomes 1st company worth $1,000,000,000,000; beats Google, Amazon to the mark

Apple hit a record high of $207.05 on Thursday, becoming the first US company to top USD 1 trillion in market value.

Aug 02, 2018, 21:51 PM IST
Reliance Jio, SBI enter into digital partnership

Reliance Jio, SBI enter into digital partnership

Jio Phones will be available on special offers for SBI customers.

Aug 02, 2018, 18:51 PM IST
NHAI gets unsecured loan of Rs 25,000 crore from SBI; MoU to be signed tomorrow

NHAI gets unsecured loan of Rs 25,000 crore from SBI; MoU to be signed tomorrow

There is no principal repayment liability for initial three years.

Aug 02, 2018, 16:31 PM IST
Flipkart unveils loyalty programme to counter Amazon Prime

Flipkart unveils loyalty programme to counter Amazon Prime

Amazon launched Prime, its global loyalty programme that offers free, faster shipping and free music and video streaming services, in India in 2016.

Aug 02, 2018, 13:19 PM IST
Cabinet nod for LIC to acquire controlling stake of IDBI Bank

Cabinet nod for LIC to acquire controlling stake of IDBI Bank

Post the transaction, IDBI Bank would become a subsidiary of LIC and the insurer would have 51 percent stake.

Aug 02, 2018, 11:23 AM IST
PM Modi to inaugurate 650 branches of Post bank soon

PM Modi to inaugurate 650 branches of Post bank soon

The India Post Payments Bank (IPPB) will have 1.55 lakh access points.

Aug 01, 2018, 17:19 PM IST
India is our benchmark for creating successful global products: OnePlus CEO

India is our benchmark for creating successful global products: OnePlus CEO

OnePlus has emerged as the leader with 40 per cent market share in the premium segment in India.

Aug 01, 2018, 14:34 PM IST
7 Indian firms on Fortune 500 list; IOC ranked highest, RIL jumps 55 places

7 Indian firms on Fortune 500 list; IOC ranked highest, RIL jumps 55 places

Retail giant Walmart has topped the list.

Aug 01, 2018, 13:16 PM IST
INX Media case: HC extends P Chidambaram's interim protection till  September 28

INX Media case: HC extends P Chidambaram's interim protection till September 28

The High Court has directed ED to file response in money laundering case related to INX Media within 4 weeks.

Aug 01, 2018, 11:11 AM IST
Court grants 2 months to CBI for obtaining sanction to prosecute accused in Aircel-Maxis case

Court grants 2 months to CBI for obtaining sanction to prosecute accused in Aircel-Maxis case

The CBI is probing as to how Chidambaram, who was the Union finance minister in 2006, granted a Foreign Investment Promotion Board (FIPB) approval to a foreign firm, when only the Cabinet Committee

Jul 31, 2018, 17:50 PM IST
Govt seeks Parliament's nod for Rs 980 crore equity infusion into Air India

Govt seeks Parliament's nod for Rs 980 crore equity infusion into Air India

The amount is part of the total gross additional expenditure of Rs 11,697.92 crore, for which approval has been sought from the Parliament.

Jul 31, 2018, 16:52 PM IST
Nirav Modi, Mehul Choksi's firms withdraw pleas

Nirav Modi, Mehul Choksi's firms withdraw pleas

Last week, a United States court issued summons to diamantaire Nirav Modi and his aides at the heart of the multi-billion Punjab National Bank scam.

Jul 31, 2018, 16:37 PM IST
Provision against bad loans to remain elevated in FY'19: ICICI Bank

Provision against bad loans to remain elevated in FY'19: ICICI Bank

In the fourth quarter of 2017-18, the bank's provisions sharply jumped to Rs 6,626 crore compared to Rs 2,898 crore in the corresponding quarter 2016-17.

Jul 31, 2018, 16:30 PM IST
Vijay Mallya to return to UK court for extradition hearing

Vijay Mallya to return to UK court for extradition hearing

Embattled liquor tycoon Vijay Mallya will return to Westminster Magistrates' Court in London on Tuesday for closing arguments in his extradition trial and for the judge to set a timeline for a ruling

Jul 31, 2018, 10:42 AM IST
Here's what Anand Mahindra tweeted on PM Modi's assertion towards industrialists

Here's what Anand Mahindra tweeted on PM Modi's assertion towards industrialists

The prime minister in Lucknow on Sunday said he was not afraid of being seen with industrialists playing a key role in the nation's development.

Jul 30, 2018, 18:18 PM IST

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