Companies
Vodafone Idea rights issue subscribed 1.07 times: Sources
As per data published by NSE, the rights issue has received bids for 1,109 crore shares.
Madras High Court moves to lift ban on Chinese video app TikTok
The ban was resulting in ‘financial losses’ of up to USD 500,000 a day for Bytedance, and had put more than 250 jobs at risk.
Microsoft tops USD 1 trillion as it predicts more cloud growth
Microsoft’s earnings per share of USD 1.14 beat expectations of USD 1, according to IBES data from Refinitiv.
WeWork India, others offer jobs to Jet Airways employees
Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.
Sebi restrains Hotel Leelaventure from selling assets to Brookfield
The Mumbai bench of the NCLT is scheduled to hear the matter on June 18.
British entrepreneur advised to formally engage with SBI Caps: Jet Airways
Jet Airways temporarily suspended operations on April 17 as it ran out of cash.
GoAir to expand network with 28 new flights from Apr 26
The airline announced fare as low as Rs 1,368 on select routes, said GoAir managing director Jeh Wadia in a release.
Non-filers of GST returns to be barred from generating e way bills from June 21
Businesses under GST, will be barred from generating e-way bill if they fail to file returns for two consecutive filing periods.
Telecom market repair still some time away: Jefferies
This fiscal will see equity fund-raising of over Rs 1 lakh crore led by separate rights by Vodafone-Idea and Bharti Airtel.
Xiaomi eyes 10,000 retail stores in India, 50 pc biz from offline route
Xiaomi had started its India journey as an online-only brand in 2014.