Companies

Why is Centre preventing Reliance industries to sell stakes to Aramco

The government sought restriction on the deal citing the failure of the two companies to honour their payment under a $4.5-billion international arbitral award in the Panna-Mukta and Tapti (PMT) production-sharing contracts.

Dec 22, 2019

Here's why high spectrum pricing may affect India's march towards achieving 5G goal

Although the DCC's decision will need approval from the union cabinet, if the auction is conducted as per the current rates, there is a possibility that the telcos may not even participate.

Dec 22, 2019

Mass layoffs at Quikr: Why 2,000 employees were fired in less than 2 months?

It is possible that a massive scam led to the firing of around 2,000 employees, but Quikr denies any of it.

Dec 21, 2019

Sensex ends 206 points higher, Tata Group stocks fall

Sensex closed 206.40 points higher at 41,558.57. The Nifty closed at 12,221.65, advancing by 56.65 points.

Dec 18, 2019

Tata-Mistry clash: NCLAT orders Tata Sons to reinstate Cyrus Mistry as chairman

National Company Law Appellate Tribunal terms appointment of N Chandrasekaran as executive chairman of Tata Sons illegal; gives four weeks' time

Dec 18, 2019

SIMI, PFI behind CAA violence: Intel reveals

Sources said that the report shared with Ministry last week said it is the "handiwork" of those who are against the government move.

Dec 16, 2019

Amid talks of Zomato-UberEats merger, Swiggy's losses jumps five times

Notably, the development has come amid its arch-rival Zomato is planning to buy UberEats for an unconfirmed amount up to $200 million

Dec 16, 2019

IL&FS group co defaults on Rs 3.37 crore interest payment

The crisis-hit IL&FS had incorporated IL&FS Transportation Networks in 2000, and the firm has more than 14,000 lane-kilometres in a portfolio of over 30 projects.

Dec 16, 2019

Telecom sector employees seek opportunities outside amid mounting losses

One of the recruiting consulting firms has received around 7,000 profiles of Vodafone Idea and around 5,000 at rival Bharti Airtel

Dec 16, 2019

Zomato in advanced talks to buy UberEats: Report

Despite arriving in the Indian market in 2017, UberEats has not made enough inroads in the online food delivery segment.

Dec 16, 2019

Infosys row: Company says not aware of any fresh lawsuit

Infosys allegedly made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.

Dec 14, 2019

Maruti U-turn may put India's plan to ease out diesel vehicles on reverse gear

Country's largest carmaker Maruti Suzuki may not want to miss out on the diesel vehicle market share as rivals remain silent on exiting the segment.

Dec 13, 2019

One97 communications, paytm, paytm to invest rs 12,000 crore, Softbank to invest in paytm, paytm digial wallet company, fintech companies in india, paytm investors

SoftBank-backed Paytm raises $660 million from Alibaba arm Alipay, others

This is SoftBank-backed Paytm's second fundraise after the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates pumped in $1 billion last month

Dec 13, 2019

Will tenfold hike in aircraft safety breach fines curb rising aviation failures?

Rising incidents of technical snags forced the government to amend rules to raise the fines ; the maximum fine may go up to Rs 1 crore from Rs 10 lakh.

Dec 13, 2019

Why is Yes Bank board wary of tycoon who wouldn't invest if it was 'No Bank'?

The past of the Canadian who made the $1.2-billion bid for Yes Bank controlling stake is so mysterious with vastly contrasting narratives that Netflix wants to tell his story.

Dec 11, 2019