Companies News

Rose Valley scam: CBI interrogates film producer Shrikant Mohta

Rose Valley scam: CBI interrogates film producer Shrikant Mohta

Rose Valley chairman Gautam Kundu is in jail in a money laundering case.

Jan 24, 2019, 17:32 PM IST
Ravneet Gill to succeed Rana Kapoor as MD and CEO of Yes Bank

Ravneet Gill to succeed Rana Kapoor as MD and CEO of Yes Bank

The private sector bank also posted a 7 percent fall in third-quarter net profit as it set aside higher provisions.

Jan 24, 2019, 15:43 PM IST
CBI registers case against Chanda Kochhar, Deepak Kochhar, V N Dhoot in ICICI Bank-Videocon loan case

CBI registers case against Chanda Kochhar, Deepak Kochhar, V N Dhoot in ICICI Bank-Videocon loan case

ICICI Bank-Videocon loan case has alleged irregularities to the tune of Rs 3,250 crore.

Jan 24, 2019, 15:11 PM IST
Sebi says no reference received on relaxing rules in Jet Airways matter

Sebi says no reference received on relaxing rules in Jet Airways matter

Grappling with financial woes, Jet Airways is looking to raise fresh funds, including from strategic partner Etihad, which currently holds 24 per cent stake in the airline.

Jan 24, 2019, 14:02 PM IST
Moody's upgrades IDBI Bank's rating by a notch on LIC takover

Moody's upgrades IDBI Bank's rating by a notch on LIC takover

The upgrade follows the Life Insurance Corporation acquiring 51 percent stake in the crippled lender which has around 32 percent of its assets as dud loans, thereby, improving its solvency.

Jan 24, 2019, 12:47 PM IST
CBI registers FIR in ICICI Bank-Videocon loan case, carries out searches in several locations

CBI registers FIR in ICICI Bank-Videocon loan case, carries out searches in several locations

The case pertains to allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.

Jan 24, 2019, 11:30 AM IST
Microsoft says Bing search engine blocked in China

Microsoft says Bing search engine blocked in China

A search performed on Bing`s China website - cn.bing.com - from within mainland China directs the user to a page that says the server cannot be reached.

Jan 24, 2019, 09:08 AM IST
Hyundai forays into consumer durables biz in India; to sell LED, AC, washing machine

Hyundai forays into consumer durables biz in India; to sell LED, AC, washing machine

Hyundai Electronics is an extended arm of Hyundai Corporation, the South Korean multinational headquartered in Seoul, South Korea.

Jan 23, 2019, 18:10 PM IST
Prabhat Dairy to sell flagship dairy biz to French firm for Rs 1,700 crore

Prabhat Dairy to sell flagship dairy biz to French firm for Rs 1,700 crore

The company has entered into definitive agreements with Tirumala Milk Products, a wholly-owned subsidiary of Lactalis, for the Rs 1,700-crore sale.

Jan 23, 2019, 17:25 PM IST
InterGlobe Aviation third-quarter profit plunges as crude prices weigh

InterGlobe Aviation third-quarter profit plunges as crude prices weigh

Its net profit was 1.91 billion rupees ($26.79 million) in the three months ended Dec. 31, compared with 7.62 billion rupees a year earlier, the company said.

Jan 23, 2019, 17:20 PM IST
CBI books former Air India chief for irregular promotions

CBI books former Air India chief for irregular promotions

The CBI alleged that Jadhav had constituted a panel in 2010 to promote officers to the rank of General Manager (operations) in violation of laid down procedure.

Jan 23, 2019, 17:17 PM IST
ITC clocks 4% rise in Q3 profit at Rs 3,209 crore

ITC clocks 4% rise in Q3 profit at Rs 3,209 crore

The company had posted a net profit of Rs 3,090.20 crore in October-December quarter a year ago, ITC said in a BSE filing.

Jan 23, 2019, 15:07 PM IST
Soon, Air India will offer packaged holidays

Soon, Air India will offer packaged holidays

The airline has floated global bids for selecting a service provider for this purpose.

Jan 23, 2019, 14:41 PM IST
Indian Army's latest big gun K9 Vajra-T Howitzer: Know all about its birthplace

Indian Army's latest big gun K9 Vajra-T Howitzer: Know all about its birthplace

This is the first private facility in the country where the K9 Vajra self-propelled Howitzer guns will be manufactured.

Jan 23, 2019, 12:12 PM IST
WhatsApp down: Messaging app stops working worldwide

WhatsApp down: Messaging app stops working worldwide

WhatsApp has around 1.5 billion users. 

Jan 23, 2019, 07:07 AM IST
GoAir launches new international direct flight from Kannur to Muscat

GoAir launches new international direct flight from Kannur to Muscat

The new International direct flight to Muscat from Kannur will start from February 28.

Jan 22, 2019, 16:20 PM IST
Political ads: Google promises transparency in election ads on its platform

Political ads: Google promises transparency in election ads on its platform

Also, Google will verify the identity of advertisers before their election ads run on its platforms.

Jan 22, 2019, 14:49 PM IST
Cairn says final drafting of arbitration award against retro tax in process

Cairn says final drafting of arbitration award against retro tax in process

Cairn said it is seeking monetary compensation of USD 1.4 billion from the Indian government in the arbitration proceedings.

Jan 22, 2019, 14:41 PM IST
'Super star' firms giving a lot for free, but will it continue asks Rajan

'Super star' firms giving a lot for free, but will it continue asks Rajan

Rajan said that we all know nothing is free, so it needs to be known who is paying for it when consumers get it for free.

Jan 22, 2019, 14:37 PM IST
NCLAT to hear contempt plea against Anil Ambani on February 25

NCLAT to hear contempt plea against Anil Ambani on February 25

HSBC Daisy moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel.

Jan 22, 2019, 14:18 PM IST