Companies News

Draft EoI for Air India privatisation to be issued soon

Draft EoI for Air India privatisation to be issued soon

According to the official, the EoI inviting bids for the national carrier will be issued by the month-end. The development comes after the ministerial panel on Air India disinvestment met here on

Jan 07, 2020, 21:23 PM IST
Cyrus Mistry says will not take up chairmanship of Tata Sons

Cyrus Mistry says will not take up chairmanship of Tata Sons

He said that his decision has been made in the interests of the Tata Group, "whose interests are far more important then the interests of any individual".

Jan 05, 2020, 18:51 PM IST
NCLAT verdict strips Tata Sons' corporate structure: Ratan Tata to Supreme Court

NCLAT verdict strips Tata Sons' corporate structure: Ratan Tata to Supreme Court

The NCLAT judgement of December 18, asked Ratan Tata not to take any decision in advance, which required the concurrence of a majority of the board of directors.

Jan 03, 2020, 18:22 PM IST
Explained: What is in store for cash-strapped Air India in 2020

Explained: What is in store for cash-strapped Air India in 2020

In the midst of the mounting problems being faced by the airline, the contribution of the airline during the crisis since the past several decades has been magnanimous. The airline has always come

Jan 02, 2020, 17:03 PM IST
Tata Sons moves SC challenging NCLAT order reinstating Cyrus Mistry as company’s executive chairman

Tata Sons moves SC challenging NCLAT order reinstating Cyrus Mistry as company’s executive chairman

Setting aside a lower court order, the NCLAT also quashed the conversion of Tata Sons into a private company from a public firm.

Jan 02, 2020, 11:45 AM IST
IRCTC launches Tirupati Devasthanam flight package; check tariff, itinerary details

IRCTC launches Tirupati Devasthanam flight package; check tariff, itinerary details

About 20 million pilgrims from across the world throng to Tirumala each year to worship the presiding deity Lord Sree Venkateswara, who is an incarnation of Lord Vishnu. 

Jan 01, 2020, 19:27 PM IST
Flipkart partners government to empower artisans, self-help groups

Flipkart partners government to empower artisans, self-help groups

The e-commerce company will collaborate with state missions under the DAY-NULM to establish the `Flipkart Samarth programme` in 22 states in India.

Dec 30, 2019, 20:42 PM IST
IRCTC to launch second Tejas Express from Ahmedabad to Mumbai on January 17

IRCTC to launch second Tejas Express from Ahmedabad to Mumbai on January 17

The Mumbai-Ahmedabad Tejas Express will run six days a week, barring Thursday. It will halt at Nadiad, Vadodara, Bharuch, Surat, Vapi and Borivali stations in both directions.

Dec 28, 2019, 15:58 PM IST
Air India stops issuing air tickets to govt agencies, asks them to clear their dues

Air India stops issuing air tickets to govt agencies, asks them to clear their dues

This comes at a time when confusion prevails over the government's proposed move to privatise the national carrier. 

Dec 26, 2019, 19:17 PM IST
Airtel Payments Bank customers to enjoy 24x7 NEFT facility

Airtel Payments Bank customers to enjoy 24x7 NEFT facility

Airtel Payments Bank on Thursday said it has enabled 24x7 NEFT transfers in line with the Reserve Bank of India`s (RBI) guidelines.

Dec 26, 2019, 15:04 PM IST
Former Maruti Udyog MD Jagdish Khattar booked for defrauding Punjab National Bank

Former Maruti Udyog MD Jagdish Khattar booked for defrauding Punjab National Bank

The central probe agency has registered the case against Khattar, his company Carnation Auto India Pvt Ltd, which he started after leaving Maruti in 2007, following a complaint by Punjab National

Dec 24, 2019, 18:31 PM IST
Sundar Pichai gets whopping $242 million stock package in new role

Sundar Pichai gets whopping $242 million stock package in new role

Sundar Pichai on Thursday received $90 million in stock awards that will vest by the end of 2022 "depending on Alphabet's shareholder returns compared to the S&P 100."

Dec 21, 2019, 11:07 AM IST
NCLAT reinstates Cyrus Mistry as executive chairman of Tata Sons

NCLAT reinstates Cyrus Mistry as executive chairman of Tata Sons

NCLAT bench headed by chairperson Justice SJ Mukhopadhaya also held the appointment of Natarajan Chandrasekaran as illegal.

Dec 18, 2019, 16:03 PM IST
Vistara chief commercial officer Sanjiv Kapoor resigns, Vinod Kannan named as replacement

Vistara chief commercial officer Sanjiv Kapoor resigns, Vinod Kannan named as replacement

The Tata Group airline said in a statement that after Sanjiv Kapoor's resignation, Chief Strategy Officer of Vistara, Vinod Kannan, will take over as the new CCO of the company.

Dec 16, 2019, 16:04 PM IST
Air India to be privatised; Centre to sell 100% stake in the national carrier

Air India to be privatised; Centre to sell 100% stake in the national carrier

Union Minister Hardeep Singh Puri on Thursday said that the government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process. The national carrier,

Dec 12, 2019, 17:22 PM IST
Saudi Aramco shares jump 10% on Riyadh stock market debut

Saudi Aramco shares jump 10% on Riyadh stock market debut

The shares leapt to 35.2 riyal ($9.39) each, up from the IPO price of 32 riyals and at the daily limit of price moves allowed by the Tadawul exchange.

Dec 11, 2019, 14:26 PM IST
Qatar Investment Authority to invest Rs 3,200 crore in Adani Electricity Mumbai Ltd

Qatar Investment Authority to invest Rs 3,200 crore in Adani Electricity Mumbai Ltd

AEML is the licensee for an integrated power distribution, transmission and generation business that currently serves more than 30 lakh consumers across a license area of 400 square kilometres in

Dec 11, 2019, 14:03 PM IST
OPPO Presents Sunburn Goa 2019: Capture This Musical Spectacle On The Best Camera Smartphone Of The Year

OPPO Presents Sunburn Goa 2019: Capture This Musical Spectacle On The Best Camera Smartphone Of The Year

The curtains are all set to go up for the biggest musical spectacle of Asia, OPPO Sunburn Goa 2019, marking the new year festivities with musical & dance extravaganza like never before.

Dec 09, 2019, 10:05 AM IST
Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 models

Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 models

In a regulatory filing, the company said: "A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier."

Dec 06, 2019, 16:37 PM IST
Maharashtra government suggests merger of crisis hit-PMC Bank with MSC Bank

Maharashtra government suggests merger of crisis hit-PMC Bank with MSC Bank

Jayant Patil said the Udhav Thackeray government is ready to extend financial assistance, besides holding talks with the Reserve Bank of India (RBI) on the issue of merger.

Dec 05, 2019, 16:58 PM IST