India's Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Ltd. to disrupt the e-commerce...
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19th Mar 2019 | Updated at 06:41pm 19th Mar 2019
Banks, govt fund to own 51% in restructured Jet
Restructured Jet Airways will effectively be a 51 per cent government fund and PSU banks-owned. Sources said SBI-led lenders will convert £60 million loan into equity at Re 1, which will take their stake to 32 per cent
Deal to sell assets to Jio has failed, Anil Ambani tells SC
Approximately 13 months after Anil Ambani announced the sale of his debt-ridden Reliance Communications' telecom assets to elder brother Mukesh's Reliance Jio for an estimated £2.3 billion, he has revealed the deal fell through despite its best...
A car-manufacturing plant owned by Suzuki Motor Gujarat Pvt Ltd at Hansalpur has absorbed 24 per cent of the first batch of 254 students from the country's only Japan-India Institute for Manufacturing (JIM) at Mehsana in north Gujarat.
After eyeing diamantaire Nirav Modi's assets, the Punjab National Bank (PNB) is now keen to attach the businessman's collection of 125 paintings too.
Public sector banks are planning to tap the markets to raise over Rs 50,000 Crore this fiscal to shore up their capital base for business growth and meet regulatory global risk norms.
With the Department of Telecommunications (DoT) giving a nod to an impending merger between Idea Cellular and Vodafone India, dreams of creating India's...
In a disappointing move for Cyrus Mistry, the National Company Law Tribunal (NCLT) upheld the October 24, 2016 decision of the Tata Sons Board of Directors dismissing him, the then Chairman.
Prime Minister Narendra Modi and South Korean President Moon Jae-in jointly launched the world's biggest mobile factory in Noida near Delhi on Monday.
The Income Tax Department has sold a chunk of Cairn Energy's shares in Vedanta Ltd in a bid to recover some of the tax dues.
India's Enforcement Directorate (ED) has moved a court to declare beleaguered businessman Vijay Mallya as a ‘fugitive offender’ and to confiscate his assets...
ICICI Bank in a statement said that its MD and CEO Chanda Kochhar “has decided to go on leave till the completion of the inquiry” by former Supreme Court...
