close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Companies News

Yes Bank promoters seek probe against short sellers hammering the stock

Yes Bank promoters seek probe against short sellers hammering the stock

Yes Capital and Morgan Credit are the promoters of Yes Bank facing heat from investors and stake holders over multiple rating downgrade and stakes in fraud-hit CG power.

Sep 13, 2019, 17:55 PM IST
CAIT writes to Piyush Goyal, says online festival sales violation of FDI policy

CAIT writes to Piyush Goyal, says online festival sales violation of FDI policy

CAIT in its letter said that these online portals are indulging into predatory pricing and deep discounting and are openly flouting FDI norms.

Sep 13, 2019, 17:21 PM IST
Sebi imposes fine of Rs 10 lakh on ICICI Bank, Rs 2 lakh on Sandeep Batra over disclosure lapses

Sebi imposes fine of Rs 10 lakh on ICICI Bank, Rs 2 lakh on Sandeep Batra over disclosure lapses

Sebi said that it is suspected that the delay on the part of ICICI Bank in making the disclosure of the agreement resulted in insider trading in the scrip of BoR.

Sep 13, 2019, 16:01 PM IST
Reliance Industries aims to make ‘sustainable clothing’ affordable

Reliance Industries aims to make ‘sustainable clothing’ affordable

RIL, pioneer of recycling of PET bottles in India, is processing over two billion post-consumer (used) PET bottles every year and plans to scale it up to six billion in two years, he said.

Sep 12, 2019, 11:11 AM IST
Goldman Sachs sacks India V-P for Rs 38 crore fraud

Goldman Sachs sacks India V-P for Rs 38 crore fraud

The police arrested Jhunjunwala under section 420 of the Indian Penal Code (IPC) on a complaint by the company's Indian subsidiary for reportedly siphoning off funds fraudulently.

Sep 11, 2019, 16:44 PM IST
Tearful Jack Ma bids Alibaba farewell with rock star show

Tearful Jack Ma bids Alibaba farewell with rock star show

A tearful Jack Ma formally left Alibaba on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared

Sep 11, 2019, 06:28 AM IST
Yes Bank nears deal to sell stake to tech firm: CEO Ravneet Gill

Yes Bank nears deal to sell stake to tech firm: CEO Ravneet Gill

Gill said the stake sale was likely to be less than 10% initially but could rise, describing the buyer as one of the world`s top three technology companies that had not previously invested in a bank

Sep 10, 2019, 13:32 PM IST
As group chairman Jack Ma retires, road ahead for Alibaba full of ‘big challenges’

As group chairman Jack Ma retires, road ahead for Alibaba full of ‘big challenges’

As Jack Ma holds centrestage at his farewell party in the 80,000-capacity Hangzhou Olympic Sports Center stadium to the accompaniment of music and celebrity performances, attendees will be hoping to

Sep 10, 2019, 09:02 AM IST
Ruchi Soya stock hits upper circuit after NCLT order

Ruchi Soya stock hits upper circuit after NCLT order

The order stated that, Patanjali will "infuse the amount of Rs 4,350 crore in the SPV (special purpose vehicle) -- 'Patanjali Consortium Adhigrahan'-- which will be later amalgamated with Ruchi Soya.

Sep 09, 2019, 16:07 PM IST
Big win for PW, setback for SEBI in Satyam Case

Big win for PW, setback for SEBI in Satyam Case

The bench of SAT ruled that SEBI can not take action against auditors, only ICAI as per law has the power to do so.

Sep 09, 2019, 13:58 PM IST
Cabinet may take up capital infusion in BSNL, MTNL in September

Cabinet may take up capital infusion in BSNL, MTNL in September

The funds infusion in both BSNL and MTNL, according to sources will be through bonds as has been the case of PSU bank recapitalisations.

Sep 09, 2019, 10:31 AM IST
Traders raise objections against festive e-commerce discounts, urge government to step in

Traders raise objections against festive e-commerce discounts, urge government to step in

The CAIT representatives said that as per 2016 FDI policy, e-commerce portals cannot influence sale or prices but they are blatantly violating the FDI policy by putting up these sales on their

Sep 08, 2019, 17:19 PM IST
Zomato lays off 541 employees across support teams, blames it on AI and automation

Zomato lays off 541 employees across support teams, blames it on AI and automation

The reason behind the move is an improved Zomato platform with Artificial Intelligence-driven bots and automation in resolving customer queries that has led to an overall reduction in direct order-

Sep 07, 2019, 18:27 PM IST
Air India launching Namaskar Sewa at Delhi airport, offer business-class style services to passengers

Air India launching Namaskar Sewa at Delhi airport, offer business-class style services to passengers

The meet and greet service will be launched keeping in mind senior citizen, passengers travelling with children or those passengers who are carrying heavy luggage along with them.

Sep 06, 2019, 15:02 PM IST
Mother Dairy hikes cow milk price by Rs 2 per litre

Mother Dairy hikes cow milk price by Rs 2 per litre

According to an official, the prices of the cow milk variant effective from September 6 are Rs 23 for 500 ml pack and Rs 44 for one-litre pack.

Sep 06, 2019, 13:32 PM IST
Oriental Bank reveals loan exposure to Nirav Modi, Choksi

Oriental Bank reveals loan exposure to Nirav Modi, Choksi

The development comes ahead of the OBC's upcoming merger with the Punjab National Bank (PNB) which - in February 2018 - had admitted to a massive fraud perpetrated by Nirav Modi and Choksi running

Sep 06, 2019, 13:30 PM IST
Google, YouTube to pay $170 million penalty for illegally collecting data on kids

Google, YouTube to pay $170 million penalty for illegally collecting data on kids

'YouTube cannot pretend that it is not aware of the content on its platform and hope to escape liability,' said FTC`s Bureau of Consumer Protection director Andrew Smith.

Sep 04, 2019, 21:48 PM IST
NCLAT allows promoters to regain control of firms at liquidation stage

NCLAT allows promoters to regain control of firms at liquidation stage

In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the

Sep 04, 2019, 15:26 PM IST
IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI Bank shareholders -- the government and the Life Insurance Corporation (LIC) of India -- will infuse Rs 9,300 crore in the bank.

Sep 03, 2019, 18:21 PM IST
Court reserves order on P Chidambaram, Karti' anticipatory bail for Sept 5 in Aircel Maxis Case

Court reserves order on P Chidambaram, Karti' anticipatory bail for Sept 5 in Aircel Maxis Case

Both CBI and Enforcement Directorate, probing the case have continuously opposed the bail plea of P Chidambaram his son Karti.

Sep 02, 2019, 16:52 PM IST