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Yes Bank posts 91% drop in quarterly profit, asset quality hit

Yes Bank posts 91% drop in quarterly profit, asset quality hit

Net profit for the three months ended June 30 came in at 1.14 billion rupees ($16.57 million), compared with 12.60 billion rupees last year. Analysts, on average, were expecting it to earn 2.79

Jul 17, 2019, 17:58 PM IST
IndiGo announces 6 new international flights

IndiGo announces 6 new international flights

IndiGo will launch daily non-stop flights connecting Delhi with Jeddah, and Mumbai with Kuwait. Additionally, the airline will also launch its third non-stop daily flights between Mumbai and Dubai.

Jul 17, 2019, 17:38 PM IST
Modi government plans Air India's divestment by year-end: Sources

Modi government plans Air India's divestment by year-end: Sources

During its first term, the Modi government had tried to exit from the debt-burdened Air India, but it failed to get any potential buyer, and had to eventually defer plans of divestment.

Jul 17, 2019, 15:31 PM IST
Mukesh Ambani, India's richest person, world's 13th wealthiest in Bloomberg Billionaires Index

Mukesh Ambani, India's richest person, world's 13th wealthiest in Bloomberg Billionaires Index

Amazon Founder and CEO Jeff Bezos is the world's richest person with a total net worth of USD 125 billion, according to the Bloomberg Billionaires Index.

Jul 17, 2019, 14:11 PM IST
Anand Mahindra listens to Twitter advice; says plastic bottles will be banned from corporate boardrooms

Anand Mahindra listens to Twitter advice; says plastic bottles will be banned from corporate boardrooms

After a Twitter user pointed a photo of a meeting shared by him, asking him to instead replace them with steel bottles, Mahindra replied that he was embarassed to see them as well.

Jul 17, 2019, 12:19 PM IST
Government to launch portal to help Jet Airways staff find jobs, in touch with SpiceJet and IndiGo

Government to launch portal to help Jet Airways staff find jobs, in touch with SpiceJet and IndiGo

The Civil Aviation Ministry is in touch with other private airlines such as SpiceJet and IndiGo to assist Jet staff get meaningful employment.

Jul 17, 2019, 09:22 AM IST
No enquiry yet in Indigo promoters feud by MCA

No enquiry yet in Indigo promoters feud by MCA

SEBI has sought the response from the company on allegations of Gangwal by July 19 while the board of Inter Globe Aviation, the promoter company of Indigo are also meeting on July 19 to consider the

Jul 16, 2019, 17:50 PM IST
OYO to open 50 Workspaces across India by year end

OYO to open 50 Workspaces across India by year end

The OYO Workspaces are equiped with Wi-Fi, in-house kitchen, housekeeping, storage and parking facilities for empoyees.

Jul 16, 2019, 16:57 PM IST
Re-opening of Pakistan airspace a boon for Air India; travel time, ATF cost go down

Re-opening of Pakistan airspace a boon for Air India; travel time, ATF cost go down

Not just flying time, the opening of airspace over the neighbouring country will also curtail the cost incurred on aviation turbine fuel.

Jul 16, 2019, 16:21 PM IST
OPPO appoints Sumit Walia as VP product, marketing in India

OPPO appoints Sumit Walia as VP product, marketing in India

The handset maker last week announced it will establish a new research and development centre in China as it aims to boost its R&D capabilities.

Jul 16, 2019, 16:04 PM IST
It will take 2-3 days for scheduling to use Pakistani airspace, says Air India official

It will take 2-3 days for scheduling to use Pakistani airspace, says Air India official

The Pakistan airspace had been shut in the aftermath of Indian Air Force airstrikes targeting terrorist posts in Balakot in February.

Jul 16, 2019, 12:55 PM IST
Amazon workers in US, Europe begin protests on Prime Day sale event

Amazon workers in US, Europe begin protests on Prime Day sale event

The protests across the US and European countries could become a massive headache for Amazon as thousands have begun demanding better pay and working conditions.

Jul 16, 2019, 10:16 AM IST
Vijay Mallya lashes out after Twitter users troll him with 'Chor' chants

Vijay Mallya lashes out after Twitter users troll him with 'Chor' chants

Cricketer Chris Gayle had posted a photo with Vijay Mallya but the tweet became a massive focal point for netizens on the micro-blogging site.

Jul 14, 2019, 11:22 AM IST
Infosys June-quarter profit rises 5%, beats estimates

Infosys June-quarter profit rises 5%, beats estimates

The company said on Friday net profit for the three months ended June 30 rose to 38.02 billion rupees from 36.12 billion rupees a year ago. Revenue from operations rose nearly 14%.

Jul 12, 2019, 16:36 PM IST
BSNL begins land monetisation, fair valuation at Rs 20,000 crore

BSNL begins land monetisation, fair valuation at Rs 20,000 crore

The state-run telecom major's corporate office has circulated a list of land parcels which are proposed for monetisation through the Department of Investment and Public Asset Management (DIPAM) in

Jul 11, 2019, 13:59 PM IST
Bombay HC dismisses Vijay Mallya's plea seeking protection from adverse action by govt agencies

Bombay HC dismisses Vijay Mallya's plea seeking protection from adverse action by govt agencies

In January this year, Mallya, had become the first businessman to be declared an FEO under the provisions of the new Fugitive Economic Offenders Act which came into existence in August 2018.

Jul 11, 2019, 13:00 PM IST
Vistara announces first international flight from India to Singapore

Vistara announces first international flight from India to Singapore

The airline announced introductory all-inclusive round-trip fares at Rs 21,877 for Delhi-Singapore-Delhi and Rs 20,778 Mumbai-Singapore-Mumbai.

Jul 11, 2019, 11:52 AM IST
TCS iON partners with AICTE to equip students with career skills

TCS iON partners with AICTE to equip students with career skills

With an intent to bridge this gap, TCS iON has curated a free, 20 hour-long career skills course that will cover topics such as corporate etiquette, effective email writing, impactful presentations,

Jul 10, 2019, 18:08 PM IST
Difference of opinion between promoters got nothing to do with airline: Indigo CEO to employees

Difference of opinion between promoters got nothing to do with airline: Indigo CEO to employees

Rakesh Gangwal, one of the co-founders of the airline, has alleged violation of corporate governance rules at Indigo, seeking regulatory intervention from market regulator Sebi.

Jul 10, 2019, 13:38 PM IST
IndiGo co-founder turns to SEBI over alleged corporate governance violation

IndiGo co-founder turns to SEBI over alleged corporate governance violation

The move appears to indicate that a boardroom dispute is escalating after a report in May that the co-founders and two largest shareholders of India`s largest airline were at odds over its expansion.

Jul 10, 2019, 12:45 PM IST