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February 22, 2018 1:52 am

The company had entered into an memorandum of undertaking with the Government of Andhra Pradesh on April 20, 2017, to produce three lakh vehicles a year with an investment of Rs 13,000 crore.

February 22, 2018 1:43 am

The Connecticut-based engine manufacturer said this solution has received all necessary regulatory approvals.

Godrej group chairman Adi Godrej
February 21, 2018 8:14 pm

Asking the corporate houses to be transparent, Godrej said that they should promote the long-term goal of the company and not necessary the stakeholders.

Idea Cellular qualified institutional placement
February 21, 2018 2:43 pm

Birla TMT, Elaine Investments, Oriana Investments -- the controlling shareholders of Idea Cellular -- have recently invested Rs 3,250 crore to strengthen the company's balance sheet prior the planned merger with Vodafone India.

adani group invest 35,000 crore in U.P.
February 21, 2018 12:59 pm

Speaking at the inaugural session of the Investors Summit- 2018 here, Adani said energy, logistics, solar power, roads and agriculture are among the core sectors in which his group is working and showed interest in investing in these fields.

February 21, 2018 2:19 am

“Some states expressed that they have regional holiday on March 1 for Holi. So it’s been deferred from March 1. Most likely it will be held on March 10,” an official said.

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February 20, 2018 1:03 pm

According to the DRI, the total over-valuation by the Adani firms in the two DRI cases is worth Rs 5,467 crore.

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February 20, 2018 1:50 am

Company sources reiterated that this was an ongoing case and there was no merit in the allegations.

February 19, 2018 7:44 am

The Richard Branson-led Virgin Group on Sunday signed a framework agreement with Maharashtra to build a hyperloop transportation system between Mumbai and Pune during the Magnetic Maharashtra investor summit.

While LIC increased its holding in 56 companies listed at NSE in the quarter ended December 2017, it reduced its holding in 78 companies.
February 18, 2018 6:45 am

Even as LIC’s gains in value of portfolio is mostly on account of rise in markets (as its overall holding percentage has come down), in the quarter ended December 2017 LIC held more than 1 per cent stake in 327 companie

While LIC increased its holding in 56 companies listed at NSE in the quarter ended December 2017, it reduced its holding in 78 companies.
February 17, 2018 3:22 am

New business performance by the corporation for nine months ended December 2017 has shown an impressive growth of 19.47 per cent with its first year premium netting Rs 99,783.33 crore.

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February 16, 2018 2:25 pm

Terms under discussion were not immediately available, but Flipkart would be valued at more than the $12 billion figure given when Japan's SoftBank Group Corp's Vision Fund took roughly a fifth of the firm last year for $2.5 billion, they added.

February 16, 2018 3:46 am

ONGC has off-shore operations in the western region of Mumbai and the eastern section of Rajahmundry in Andhra Pradesh. It has to rely on the aircraft provided by chopper companies to provide medical aid.

Uber CEO aims to pare losses and get 'the love back'
February 15, 2018 12:34 pm

"We have a long way to go, but we have to re-earn our consumer and driver trust. Just getting the love back is a very important priority for us," said Dara Khosrowshahi.

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February 15, 2018 11:21 am

Punjab National Bank (PNB) on Wednesday disclosed that it has detected some fraudulent transactions with financial implication of $1.77 billion (about Rs 11,346 crore) and the matter has been referred to law enforcement agencies for the recovery.

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February 15, 2018 3:11 am

Total expenses increase 9 per cent to Rs 7,183.84 crore for the quarter.

Donald Trump slams India for high import tariffs on Harley-Davidson
February 14, 2018 1:08 pm

Donald Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.

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February 14, 2018 1:05 pm

The company had previously reported third-quarter net loss of $1.46 billion on net revenue of $2 billion. Uber had gross bookings of $9.7 billion in the previous quarter.

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February 14, 2018 1:57 am

ArcelorMittal India and Numetal Mauritius emerged as final bidders Monday.

General Motors to shut South Korean plant, more cuts could follow
February 13, 2018 11:05 am

South Korea had for years been a low-cost export hub for General Motors, producing close to a fifth of its global output at its peak. But sharp rises in labor costs, weakening demand and big investments in China hurt the company's competitiveness.

Barnes & Noble reduces staff after a weak holiday season
February 13, 2018 8:12 am

Most retailers have strengthened digital operations and sales have followed. At Barnes & Noble, however, online sales dropped 4.5 percent.

February 13, 2018 1:27 am

Currently, in India, 45 Airbus A320neo powered by the PW1100G-JM geared-turbofan (GTF) engines are being operated by IndiGo and GoAir.

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February 12, 2018 3:29 pm

RInfra will utilise the proceeds of this transformative transaction entirely to reduce its debt. This is the largest ever debt reducing exercise by any corporate. This monetization is a major step in RInfra’s deleveraging strategy for future growth.

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February 9, 2018 9:44 am

The resignation letter was circulated to the Board and the Board has decided to discuss the matter in detail at its meeting scheduled on February 13, 2018.

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February 9, 2018 12:58 am

This ruling concludes the 2012 case that was filed by Bharat Matrimony and non-profit body Consumer Unity and Trust Society.

February 8, 2018 12:47 pm

Sudhir Mehta to step down, younger brother Samir to takeover; son appointed as managing director 

February 7, 2018 2:42 am

The Walt Disney Co said in a statement that David Benioff and D.B. Weiss would write and produce the new series, which will be separate from both the episodic Skywalker saga and the recently announced trilogy being developed by director Rian Johnson.

Wipro reshuffles key portfolios
February 7, 2018 5:39 pm

Anand Padmanabhan, president of the energy, natural resources, utilities & construction (ENU) vertical, is now being moved into a new role as president – business development and strategic sales. Padmanabhan has been part of the ENU vertical since April, 2008.

Punjab national bank fraud case: FIRs against Nirav Modi, Gitanjali Group's Mehul Choksi
February 7, 2018 1:56 am

Punjab National Bank said that it was required to make additional provision of Rs 1,112 crore for Reserve Bank of India’s first list of large loan defaulters by March 2018, and has already provided Rs 854 crore up to December 2017.

February 6, 2018 3:57 am

Murugappan, who was the vice-chairman, succeeds A Vellayan, who served as executive chairman from November 2009, the company said in a statement.

Singtel to raise stake in Bharti Telecom for 2,649 crore
February 6, 2018 3:48 am

The investment comes within a span of two years of Singtel’s participation in Bharti Telecom’s rights issue of Rs 2,500 crore, which was completed in February 2016.

Tata Motors net profit rises over 10-fold to `1,215 cr in Dec quarter
February 6, 2018 3:20 am

On a standalone basis, Tata Motors' passenger and commercial vehicle business grew strongly.

February 4, 2018 12:32 am

New India Assurance plans to launch two health insurance schemes and title insurance in the next few months

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February 3, 2018 3:10 am

The world’s largest online retailer said net income more than doubled to $1.86 billion, or $3.75 per share in the fourth quarter ended December 31.

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February 2, 2018 2:29 pm

Exports stood at 13,253 units last month as compared to 6,264 units in January 2017, a jump of 111.57 per cent, Ford India said in a statement.

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February 2, 2018 11:17 am

When contacted, Flipkart spokesperson claimed the e-tailer has a zero tolerance policy on customer trust impacting incidents