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Axe falls on 18,000 Deutsche Bank jobs in USD 8.3 billion reinvention

Axe falls on 18,000 Deutsche Bank jobs in USD 8.3 billion reinvention

In a retreat from a decades-long ambition to make its struggling investment bank, which employs 38,000 people, a force on Wall Street, Deutsche Bank said on Sunday it would scrap its global equities

Jul 08, 2019, 19:54 PM IST
GoAir announces 7 new international routes

GoAir announces 7 new international routes

GoAir will launch daily flights between Mumbai – Abu Dhabi – Mumbai, Delhi – Abu Dhabi – Delhi, Mumbai – Muscat – Mumbai, Delhi – Bangkok – Delhi, Kannur – Dubai – Kannur, Kannur – Kuwait – Kannur

Jul 08, 2019, 15:26 PM IST
PNB reports Rs 3,805 crore fraud by Bhushan Power and Steel

PNB reports Rs 3,805 crore fraud by Bhushan Power and Steel

In a regulatory filing on Saturday, PNB said that BPSL had misappropriated funds and manipulated books of accounts to raise funds from consortium lender banks.

Jul 08, 2019, 13:16 PM IST
LinkedIn appoints Ashutosh Gupta as Country Manager for India

LinkedIn appoints Ashutosh Gupta as Country Manager for India

LinkedIn has 630+ million members globally and more than 57 million members in India.

Jul 08, 2019, 13:07 PM IST
Zomato may launch online home-cooked meal service

Zomato may launch online home-cooked meal service

Its rival Swiggy is already catering to over 1,000 customers in Gurugram with its new app called "Swiggy Daily" that lets people order home-cooked meals prepared by tiffin service providers and home

Jul 08, 2019, 11:46 AM IST
Wikipedia co-founder Larry Sanger joins growing chorus against Facebook, Twitter

Wikipedia co-founder Larry Sanger joins growing chorus against Facebook, Twitter

Joining the chorus against social media giants and their growing power, Wikipedia co-founder Larry Sanger has slammed Facebook CEO Mark Zuckerberg and micro-blogging platform Twitter.

Jul 06, 2019, 11:05 AM IST
Union Budget 2019 proposes FDI norm relaxation in media, aviation, insurance, single brand retail

Union Budget 2019 proposes FDI norm relaxation in media, aviation, insurance, single brand retail

The government will examine suggestions of further opening up of FDI in aviation, media, AVGC (Animation, Visual Effects, Gaming and Comics) and insurance sector in consultation with stakeholders,”

Jul 05, 2019, 21:27 PM IST
Government orders probe into alleged mismanagement of funds by Jet Airways

Government orders probe into alleged mismanagement of funds by Jet Airways

The Ministry of Corporate Affairs has ordered Serious Fraud Investigation Office (SFIO) to carry out the investigation, a government order seen by Reuters showed.

Jul 04, 2019, 23:04 PM IST
INX media case: Court allows Indrani Mukerjea to turn approver

INX media case: Court allows Indrani Mukerjea to turn approver

A Special CBI court Thursday allowed Indrani Mukerjea to turn an approver in the high profile INX media case. Mukerjea, a former INX Director, is currently in judicial custody in 

Jul 04, 2019, 13:36 PM IST
SpiceJet announces monsoon sale; domestic fares start at Rs 888, international at Rs 3,499

SpiceJet announces monsoon sale; domestic fares start at Rs 888, international at Rs 3,499

The SpiceJet Monsoon sale period is from July 2 to July 6 and the travel period is till September 25, 2019, SpiceJet said.

Jul 03, 2019, 13:01 PM IST
L&T says Mindtree open offer completed, shareholders payments made

L&T says Mindtree open offer completed, shareholders payments made

The infrastructure major's open offer - for Rs 980 a share - opened on June 17 and closed on June 28, 2019.

Jul 03, 2019, 12:41 PM IST
How IL&FS colluded with rating agencies

How IL&FS colluded with rating agencies

The Serious Fraud Investigation Office (SFIO) report points out gaping holes in the style of functioning of rating agencies which were complicit with the rogue management.

Jul 03, 2019, 10:46 AM IST
Delhi Airport becomes first airport to operationalise Transshipment Hub Centre

Delhi Airport becomes first airport to operationalise Transshipment Hub Centre

This initiative has been taken by DIAL as per the guidelines of Ministry of Civil Aviation (MoCA) under National Civil Aviation Policy 2016 to develop Air Cargo Transshipment Hubs at major airports

Jul 01, 2019, 15:02 PM IST
Non-subsidised LPG price cut by Rs 100 per cylinder from July 1: IOC

Non-subsidised LPG price cut by Rs 100 per cylinder from July 1: IOC

The IOC, in a press release, said that the price of non-subsidised LPG was cut by over Rs 100.50 per cylinder on the back of softening international rates.

Jun 30, 2019, 22:25 PM IST
Jet Airways Employee Consortium, AdiGroup to bid for 75% of airline

Jet Airways Employee Consortium, AdiGroup to bid for 75% of airline

The debt-laden company became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the SBI on

Jun 28, 2019, 17:18 PM IST
Infosys McCamish partners with Pan-American Life Insurance Group

Infosys McCamish partners with Pan-American Life Insurance Group

This is the first time that PALIG is offering an IUL product as part of its diverse life insurance portfolio. The product will be available to high net worth international clients, it added.

Jun 28, 2019, 13:34 PM IST
ED attaches Rs 209 crore in Bengaluru ponnzi scheme case

ED attaches Rs 209 crore in Bengaluru ponnzi scheme case

IMA Group MD Mohammed Mansoor Khan is accused of cheating more than 40000 middle class and lower middle class people through Ponzi Schemes.

Jun 28, 2019, 13:00 PM IST
Wipro exits WAISL JV, sells remaining 11% share to Antariksh Softtech

Wipro exits WAISL JV, sells remaining 11% share to Antariksh Softtech

The sale was completed on June 26, 2019 for a consideration of Rs 55 lakh, Wipro added.

Jun 28, 2019, 12:29 PM IST
LIC's new business premium grows 5.68% to Rs 1.42 lakh-cr in FY19

LIC's new business premium grows 5.68% to Rs 1.42 lakh-cr in FY19

The total assets held by the corporation, which commands over 70 percent of the life insurance industry despite the advent of private companies, stood at Rs 31,11,847 crore as against Rs 28,45,041

Jun 28, 2019, 10:52 AM IST
L&T gets over 60% holding in Mindtree; open offer over-subscribed

L&T gets over 60% holding in Mindtree; open offer over-subscribed

Larsen and Toubro had bought 20.32 percent shares in the IT firm from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March and subsequently made an open offer to buy an

Jun 28, 2019, 10:47 AM IST