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Will Jet Airways Survive The Financial Turbulence?

Mindtree Defers Decision On Share Buyback

On Monday, diversified L&T made an offer to buy up to 66 per cent stake in Mindtree for around Rs 10,800 crore.

Mar 20, 2019
Jet Airways Crisis: SBI Chief Meets Arun Jaitley, Management Change Likely

State Bank of India Chairman Rajnish Kumar along with Aviation Secretary Pradip Singh Kharola and Principal Secretary to Prime Minister Nripendra Misra met Jaitley Wednesday afternoon.

Mar 20, 2019
India Expresses Concern Over Widening Trade Deficit With China Of Over $58 Billions

India has been pressing China to open the IT and Pharmaceutical sectors for Indian firms to reduce the massive trade deficit.

Mar 20, 2019
Pay Salaries Or We Will Stop Flying From April 1: Pilots To Jet Airways

Jet Airways pilots have said they will stop flying from April 1 if their salaries are not cleared by March 31.

Mar 19, 2019
Non-Payment Hitting Hard, Flight Safety At Risk, Jet Airways' Engineers Tells DGCA

As Jet Airways, one of India's largest airlines, hurtled towards bankruptcy, the government today called an emergency meeting with its management.

Mar 19, 2019
‘Saving’ Mindtree: Promoters To Resist L&T’s Hostile Takeover

L&T late on Monday moved to acquire 20.32% stake in Mindtree by acquiring the stake of Siddhartha.

Mar 19, 2019
Calling It 'Grave Threat', Mindtree Promoters Vow To Oppose Hostile Takeover Bid By L&T

"A hostile takeover by Larsen and Toubro, unprecedented in our industry, could undo all of the progress we’ve made and immensely set our organisation back," the promoters said in a statement Tuesday.

Mar 19, 2019
'Deeply Touched': Anil Ambani Thanks Brother Mukesh After RCom Makes Rs 550 Crore Payment To Ericsson

In a statement, RCom said Rs 550 crore dues to Ericsson, including interest dues, has been made in compliance with the Supreme Court judgement.

Mar 19, 2019
Mindtree Looks At Buyback To Block L&T's Hostile Takeover Bid

Mindtree shares rose over 2 per cent in early trade on the BSE on Monday.

Mar 18, 2019
Azim Premji Earmarks 34% Wipro Shares Worth Rs 52,750 Crore For Philanthropy

The Azim Premji Foundation works in the field of education directly. It also supports other not-for-profits working in some specific areas through multi-year financial grants.

Mar 13, 2019
RBI Board Warned Of Negative Impact Of Demonetisation On Economy, Reveals RTI

Curbing black money was one of the prime objectives of the shock move to junk old Rs 500 and 1,000 notes, which saw 86 per cent of high-value currency going out of circulation.

Mar 11, 2019
TCS To Be Excluded In Computing GST, High Value Cars, Jewellery To Become Cheaper

Under the Income Tax Act, tax collection at source (TCS) is levied at 1 per cent on purchase of motor vehicles above Rs 10 lakh, jewellery exceeding Rs 5 lakh and bullion over Rs 2 lakh.

Mar 10, 2019
Fugitive Nirav Modi Tracked Down In London, Started New Diamond Business: Report

The revelation comes a day after Modi's 30,000 sq ft seaside mansion at Kihim beach in Maharashtra was demolished by authorities using explosives.

Mar 09, 2019
Gender Pay Gap High In India, Women Earn 19 Per Cent Less Than Men: Report

Even in sectors like healthcare, caring services, and social work, men earn 21 per cent more than women.

Mar 07, 2019
Reliance Capital To Cut Debt By Rs 10,000-12,000 Crore Soon

Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.

Mar 07, 2019
Donald Trump Accuses India Of Being 'High-Tariff Nation', Threatens To Impose 'Reciprocal Tax'

Trump said the US could not allow a country to charge it 100 per cent while it got nothing for the exact same product.

Mar 03, 2019
As Govt Focuses On Affordable Housing, Hunt For Newer Technologies Underway

Amrit Abhijat, joint secretary and mission director, Housing For All, Ministry of Housing and Urban Affairs, speaks to Lola Nayar on the concept behind the Global Housing Technological Challenge and the steps taken by states to set up the pilot Light House project.

Mar 01, 2019
India's GDP Growth Lowered To 6.6% In Q3

India's economic growth slowed to a 5-quarter low of 6.6 per cent in October-December period of this fiscal, according to government data released on Thursday.

Feb 28, 2019

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