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Infosys CEO drew Rs 24.67 crore pay package in FY19

Infosys CEO drew Rs 24.67 crore pay package in FY19

Parekh, who joined Infosys in January 2018, received Rs 6.07 crore in fixed salary and Rs 10.96 crore in bonus, incentives and variable pay in 2018-19.

May 20, 2019, 17:10 PM IST
Amul to hike milk prices by Rs 2 per litre across country

Amul to hike milk prices by Rs 2 per litre across country

The hike is reportedly applicable on all brands of milk sold by Amul, including 'Gold' and 'Shakti'.

May 20, 2019, 17:00 PM IST
IOC net rises 17% on higher refinery margins

IOC net rises 17% on higher refinery margins

The net profit of Rs 6,099.27 crore, or Rs 6.46 per share, in January-March 2019 was 16.88 percent higher than Rs 5,218.10 crore, or Rs 5.51 per share, reported in the year-ago period, IOC Chairman

May 18, 2019, 18:13 PM IST
IOC ties up oil from US, Saudi to make up for Iran shortfall

IOC ties up oil from US, Saudi to make up for Iran shortfall

Iran supplied more than a tenth of India's oil needs before the reimposition of US sanctions against the Persian Gulf nation stopped supplies this month.

May 18, 2019, 18:08 PM IST
Yes Bank to claw back Rs 1.44 cr bonus from ex-MD Rana Kapoor

Yes Bank to claw back Rs 1.44 cr bonus from ex-MD Rana Kapoor

Yes Bank, which is grappling with bad loan issues, has come under the scanner of the Reserve Bank for weak corporate governance.

May 18, 2019, 18:06 PM IST
NSE FY19 net profit up 16.87% on higher revenues

NSE FY19 net profit up 16.87% on higher revenues

The bourse, which has plans of listing through an IPO, had reported a profit of Rs 1,461.47 crore in the year-ago period.

May 18, 2019, 18:00 PM IST
Fortis Healthcare International to offload stake in MSCL

Fortis Healthcare International to offload stake in MSCL

Mauritius-based Fortis Healthcare International holds 28.89 percent stake in MSCL.

May 18, 2019, 17:57 PM IST
Reliance Capital repays Rs 650 cr NCDs

Reliance Capital repays Rs 650 cr NCDs

The disclosure comes at a time when Reliance Group companies and some others, are facing liquidity troubles.

May 18, 2019, 17:48 PM IST
SpiceJet launches daily Mumbai-Jeddah non-stop flight

SpiceJet launches daily Mumbai-Jeddah non-stop flight

Mumbai is SpiceJet’s third destination to be connected to Jeddah.

May 16, 2019, 15:01 PM IST
IL&FS crisis: Independent directors come under corp affairs ministry scanner

IL&FS crisis: Independent directors come under corp affairs ministry scanner

The crisis at IL&FS, which is estimated to have a debt burden of over Rs 94,000 crore, came to light last year after some group companies defaulted on debt repayments.

May 15, 2019, 18:51 PM IST
Tata to transfer food business from Tata Chemicals to Tata Global Beverages

Tata to transfer food business from Tata Chemicals to Tata Global Beverages

Tata Global Beverages Ltd (TGBL) will buy the business of selling edible salt, spices, and lentils and give shares in return to Tata Chemicals Ltd (TCL).

May 15, 2019, 18:22 PM IST
Indian Bank to decide on raising Rs 7,000 crore in Q2: MD

Indian Bank to decide on raising Rs 7,000 crore in Q2: MD

In December 2017, the bank's Board accorded approval to raise equity capital upto Rs 7,000 crore in one or more tranches in the current or subsequent financial years based on requirement through FPO

May 15, 2019, 14:19 PM IST
Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning

Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning

The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.

May 15, 2019, 14:14 PM IST
Former RBI Deputy Guv R Gandhi appointed additional director on Yes Bank board

Former RBI Deputy Guv R Gandhi appointed additional director on Yes Bank board

The appointment is for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders, whichever is earlier, Yes Bank said in a filing to stock exchanges.

May 15, 2019, 14:13 PM IST
Jet Airways CEO Vinay Dube resigns

Jet Airways CEO Vinay Dube resigns

Dube`s exit follows the resignation of its chief financial officer, Amit Agarwal, earlier in the day.

May 14, 2019, 17:04 PM IST
Jet Airways shares continue to fall; plummet over 7%

Jet Airways shares continue to fall; plummet over 7%

The scrip tanked 7.42 percent to close at Rs 129.10 on the BSE. During the day, it plunged 12.44 percent to Rs 122.10.

May 14, 2019, 16:52 PM IST
Airtel tweaks post-paid offerings, to gradually phase out plans below Rs 499

Airtel tweaks post-paid offerings, to gradually phase out plans below Rs 499

The move is aimed at simplification of plans and would also help the company chase better realisation from mobile subscribers, improving the Average Revenue Per User (ARPU), according to a source.

May 14, 2019, 15:39 PM IST
Jack Ma, China's richest man, urges employees to follow '669' spirit of sex

Jack Ma, China's richest man, urges employees to follow '669' spirit of sex

Jack Ma has been called out for his recent remark on how many times employees ought to have sex in their personal lives. This is especially because he had previously given the '996 spirit of work'

May 14, 2019, 14:59 PM IST
Vodafone Idea Q4 loss at Rs 4,882 crore; co says strategic initiatives taking effect

Vodafone Idea Q4 loss at Rs 4,882 crore; co says strategic initiatives taking effect

The loss has narrowed from Rs 5,004.6 crore during the third quarter of 2018-19, aided by 3.4 percent drop in total expenses.

May 14, 2019, 10:01 AM IST
Jet Airways CFO Amit Agarwal resigns due to 'personal reasons'

Jet Airways CFO Amit Agarwal resigns due to 'personal reasons'

Jet Airways is running into a debt of more than Rs 8,500 crore and the airlines has shut down operations temporarily after lenders decided not to extend emergency funds for its survival.

May 14, 2019, 09:48 AM IST