air india disinvestment, air india, indiGo air india, air india indigo, latest news, indian express, business news, latest news
July 20, 2017 4:25 pm

On June 28, the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle approval for considering strategic disinvestment of Air India and its five subsidiaries. An Air India Specific Alternative Mechanism (AISAM) has been constituted to guide the process on the strategic disinvestment

ONGC, HPCL, HPCL shares, india companies
July 19, 2017 10:59 pm

While ONGC buying HPCL will help the government meet as much as 40 per cent of its target for raising Rs 72,500 crore in the current fiscal through stake sales, other deals in the oil sector may be in the offing.

Bhushan Steel bankruptcy petition, NCLT on Bhushan Steel bankruptcy petition, Punjab National Bank, business news, indian express news
July 19, 2017 4:14 pm

The NCLT, on July 13, issued notices to Bhushan Steel Ltd as well as Bhushan Steel and Power Ltd over insolvency proceedings initiated by their lenders State Bank of India and PNB.

Reliance Industries, Reliance, RIL, Business News, Latest Business News, Indian Express, Indian Express News
July 19, 2017 2:45 am

The government’s move followed a “partial” arbitration award in its favour over cost recovery in the fields in the Arabian Sea

Hindustan Unilever, Hindustan Unilever profit, FMCG, buisness news, indian express, indian express nerws
July 19, 2017 2:02 am

“We remain positive on the medium term outlook for the industry,” chairman Harish Manwani said in an exchange filing

July 19, 2017 1:55 am

I-T demand of tax on $150 million investment in NDTV

monnet ispat & energy, sbi, National Company Law Tribunal, nclt, business news, indian express, indian express news
July 19, 2017 1:48 am

On Tuesday, SBI said the remaining Rs 704 crore was part of the aggregate loan owed by Monnet Ispat and payable in installments up to 2027 and is therefore not shown as a default

Essar Steel, Essar, NCLT, Ahmedabad NCLT, Business News, Latest Business News, Indian Express, Indian Express News
July 19, 2017 1:34 am

A single-judge bench at the Ahmedabad NCLT of Justice Bikki Raveendra Babu has scheduled the case for July 24

anil ambani, reliance group, indian express
July 18, 2017 5:36 pm

Two foreign funds buy 4.5 percent stakes in Anil Ambani led Reliance mutual Fund ahead of the scheduled IPO in October. The IPO is set to generate Rs 1,800 crore which will be used to grow the business and create new inorganic opportunities.

July 18, 2017 5:08 pm

Flipkart and Snapdeal have been in merger talks since at least April as they debate the proper terms of a combination. One central issue has been that Snapdeal investors will see the value of the business cut by at least 85 percent from its peak of $7 billion.

infosys, infosys chairman narayana murthy, Infosys founder NR Narayana Murthy quits, murthy leaves infosys, Vishal Sikka
July 18, 2017 2:27 am

Murthy’s entry back into Infosys as executive chairman in June, 2013, and his final exit in October 2014 were equally dramatic considering the circumstances surrounding these developments.

Essar Steel, essar steel insolvency, Essar Steel lenders, essar steel debt, essar news, gujarat high court
July 18, 2017 2:00 am

NCLT needs to decide … whether the petition is … to be entertained: Gujarat HC

Essar Steel, essar steel insolvency, Essar Steel lenders, essar steel debt, essar news, gujarat high court
July 17, 2017 3:10 pm

Essar Steel had moved the court against Reserve Bank of India for initiating insolvency procedure against it. The apex bank has issued a release on June 13 directing the banks to start insolvency procedure against a dozen stressed companies including Essar.

Mahindra and Mahindra, Detroit, US
July 17, 2017 11:20 am

Mahindra & Mahindra will become the first Indian auto company to open a plant in the US. The company has deployed $1.5 billion in US to generate revenue of $2.5 billion.

air india, air india menu, air india meal menu, air india non veg meal, air india flights, air india disinvestment, air india news
July 17, 2017 4:26 am

The company did not respond to an e-mail from The Indian Express seeking the exact amount it hopes to save by cutting non-vegetarian food from the economy menu on domestic flights. But company officials had clearly indicated last week that this would be in the region of Rs 8-10 crore.

July 17, 2017 3:25 am

The CBI had submitted before the court that Mallya had sought credit facility from IDBI Bank offering corporate guarantee of United Breweries (Holding) Limited and his own personal guarantee.

nbcc, construction, real estate, nbcc revenue, business news
July 16, 2017 12:51 pm

NBCC, which is under the administrative control of the urban development ministry, posted a net profit of Rs 354.51 crore on a turnover of Rs 6,313 crore during 2016-17 fiscal and is a zero-debt firm.

Essar Steel, essar steel insolvency, Essar Steel lenders, essar steel debt, essar news, gujarat high court
July 16, 2017 3:44 am

A clause in term sheet says that lenders retain right to force EGFL into insolvency

Tech Mahindra, Tech Mahindra jobs, US tech Mahindra hiring, US Tech Mahindra employees, Lakshmanan Chidambaram, business news
July 15, 2017 8:30 pm

On the reasons for stepped up US hiring, he said: "That has happened because the message from the US government is very clear that they would like us to play a bigger role here (in terms of employment)."

SEBI and Kwality Ltd, India news, National news, Business news, India Business news
July 15, 2017 2:50 am

The finance ministry, in a notification last week, has amended the Securities Contracts (Regulation) Rules, 1957, to give to Central Public Sector Enterprises four years from September 2014 to meet the minimum public float requirement.

July 15, 2017 2:03 am

AI and cloud computing contribute 50% of the $2 bn revenue growth in last 2 years: CEO Vishal Sikka

wipro, share buyback, it firm, info technology, wipro share holder board, indian it industry, indian express
July 14, 2017 8:58 pm

As on March 2017, Wipro had cash and cash equivalents totalling Rs 5,271 crore ($813 million) on its books. Among Indian IT companies, TCS, which had a cash pile of over Rs 43,000 crore, has already completed a Rs 16,000 crore buyback programme earlier this year.

Infosys, Vishal Sikka, Driverless car, Infosys Q1 profit
July 14, 2017 3:44 pm

Infosys on Friday reported a 1.4 per cent increase in its first-quarter performance. The company, the second largest outsources of IT services in Asia, posted a consolidated net profit of Rs 3483 crore for the quarter ending June.

Infosys, Infosys Q1 profit, Infosys revenue outlook, IT layoffs
July 14, 2017 10:51 am

Asia’s second-largest outsourcer of IT services, Infosys, forecast a 7.1 to 9.1 per cent climb in revenue for the year ending March 2018 on a U.S. dollar basis. That beat analyst estimates and its own previous outlook, both of which projected growth of 6.1 to 8.1 per cent.

infosys, infosys profit, infosys first quarter growth, infosys q1 profit, business news
July 14, 2017 9:44 am

On Friday morning, Infosys posted a consolidated net profit of Rs 3483 crore for the three months ending June 30, compared to Rs 3436 crore rupees in the same period last year. Consolidated revenue from operations rose about 1.8 per cent to Rs 17,078 crore.

tata sons, Aarthi Subramanian, tata sons chief digital officer
July 14, 2017 3:17 am

A professional with over 26 years of experience in the global technology sector, Subramanian started her career with Tata Consultancy Services and worked in diverse roles in India, Sweden, the United States and Canada.

Essar Steel, essar steel insolvency, Essar Steel lenders, essar steel debt, essar news, gujarat high court
July 14, 2017 2:57 am

The RBI and SBI have demanded termination of the interim relief given to company

tcs, tata consultancy services, tcs profit, tcs quarter 1 net profit, business news, latest news
July 14, 2017 1:56 am

Seeing a ‘strong pipeline’ for new deals in North American market: Company

Ipsos, Patanjali, SBI, jio, flipkart, amazon, most influential brand, ipsos most influential brand, business news
July 13, 2017 7:18 pm

As per the study, Google again tops the list followed by Microsoft and Facebook at number two and three respectively. SBI has managed to climb several rungs from ninth to the fifth but it couldn't eclipse Patanjali. However, it the only financial brand in the top 10.

July 13, 2017 10:17 pm

The company, however, posted a marginal increase of 1 per cent in its consolidated revenue at Rs 29,584 crore during the quarter as against Rs 29,305 crore in the year-ago period.

jio, reliance jio, jio breach, jio data breach, jio data leak, maharashtra cyber department, internet protocol, indian express news, india news
July 13, 2017 4:59 am

The accused, Imran Chhimpa from Churu town, holds a Masters in Computer Application and was placed under arrest after the Maharashtra Cyber Department traced the Internet Protocol address of the website on which he had allegedly uploaded Jio’s customer data.

Harley-Davidson bikes, CBEC, Harley-Davidson bikes import, high import duty, PMO, indian express news, business news
July 12, 2017 12:36 pm

US President Donald Trump had, in the recent past, been vocal about his support for Harley-Davidson — the motorcycle manufacturer viewed as a flag bearer of the American manufacturing story and is only one of two US motorcycle makers that have survived the Great Depression.

jio, reliance jio, jio breach, jio data breach, jio data leak, maharashtra cyber department, internet protocol, indian express news, india news
July 12, 2017 1:12 am

The company had last week termed claims of data breach as unverified and unauthentic. Police at the Rabale MIDC police station in Navi Mumbai, where Jio is headquartered, have registered an FIR in this connection.

Adani power
July 12, 2017 12:56 am

This is because the proposed deal was being done without transfer of debt, the board noted.

Adani power
July 11, 2017 10:08 pm

"BoA of SEZ has deferred the decision with a query. In its meeting held on July 3, it has decided to defer the proposal of approving the demerger until no-objection certificate is received from the banks," a company spokesperson said in a statement.

airtel
July 11, 2017 3:05 am

The company launched Project Next, which is its digital innovation programme aimed to enrich customer experience including transforming its in-store experience