- Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
- 61,000 stranded Indians have returned since May 7: Govt
- Man who took wrong train to Kerala dies of Covid-19
- Shah dials CMs, discusses road ahead; Cabinet Secy meets states
- Centre, state must consult, cooperate to tackle Covid situation, says Thackeray
- Drive to bring back migrants to end, last trains in 2-3 days: UP
- Ahmedabad BJP chief tests positive; state tally at 15,593
- Migrants don’t have to pay to go home, ensure they get food on the way: SC
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Google considering taking stake in Vodafone Idea: Report
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.
TVS Motor Q4 net dips 43 per cent dip at Rs 82 crore
Total income stood at Rs 4,128.67 crore for the fourth quarter as compared with Rs 4,967.03 crore in the same period of 2018-19 fiscal, TVS Motor Company said in a regulatory filing.
ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case
During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.
Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.
Future Retail to raise up to Rs 650 crore to reduce debt
The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.
Government extends BPCL bid deadline to July 31
The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.
Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
COVID-19 impact: After Ola, Uber to lay off 600 employees in India
The lay offs come from across driver and rider support, as well as other functions, Uber said in a statement adding that these reductions are part of its previously announced global job cuts earlier this month.
HDFC Q4 profit declines 10 per cent to Rs 4,342 crore
The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.
ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore
The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.
Suzuki Motor resumes production at Gujarat plant
Suzuki Motor Gujarat (SMG) manufactures cars on a contract basis for Maruti Suzuki India (MSI).
Essel Infra defaulted on bonds: Franklin Templeton MF
The fund house said four of its fixed income schemes have invested in zero per cent Essel Infra Series 1 and zero per cent Essel Infra Series 2, which matured on May 22, 2020.
Hertz files for bankruptcy after rental-car demand vanishes
After the coronavirus pandemic decimated revenue, the car renter sought relief from lenders and a bailout from the U.S. Treasury Department.
KKR to buy 2.32% stake in Jio Platforms for Rs 11,367 crore
The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Amazon India to add 50,000 temporary roles for warehousing, delivery network
The opening of seasonal roles at Amazon India also comes amid the spate of layoffs by tech-led companies like Swiggy, Zomato, ShareChat, Ola and some others over the past few days.
GlaxoSmithKline to discontinue Zinetac tablets in India
The company has made a decision to discontinue the manufacture and supply of Zinetac tablets (150 mg and 300 mg products) manufactured in India and will in due course request cancellation of the marketing authorisation associated with the drug, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.
US private equity giant KKR picks 2.32% stake in Jio Platforms for Rs 11,367 crore
Prior to this, Jio Platforms had raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.
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3 DU students move HC against open-book exam
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