Companies

Earlier on January 16, a bench headed by Justice Arun Mishra had dismissed review petitions of telecom firms seeking review of its earlier order.

Telcos move in SC seeking fresh schedule for payment of Rs 1.47 lakh cr dues

The telcos said they wanted an open court hearing on their fresh pleas with regard to working out fresh schedule of payment of their dues.

21 Jan 2020 11:30 AM

• Key findings from the analysis reveal millennials within income range of Rs 25k-50k topped the borrowing charts.

Medical expenses, consumer durable purchases led 2019 millennial borrowings

CASHe releases its 2019 millennial borrowing and spending analysis titled ‘The 2019 Millennial Loan-o-Nomics’.

21 Jan 2020 11:23 AM

The all-stock deal is likely to push Zomato to the top position in India’s food delivery market.

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Uber Eats in India will discontinue operations, and direct restaurants, delivery partners and users to the Zomato platform from Tuesday.

21 Jan 2020 10:36 AM

Private lender Kotak Mahindra Bank on Monday posted a mixed set of numbers for the third quarter ended December 31, 2019 with moderation in advance growth and a marginal dip in asset quality.

Kotak’s asset quality slides

BoM reports net profit of Rs 132 crore against loss of Rs 3,766 crore Federal Bank Q3 net rises per cent.

21 Jan 2020 1:09 AM

India’s total workforce’s 4.69 per cent is formally skilled.

Skill India Scheme proposes to train youth for relevant industry jobs

India, with 354.4 million people aged between 15 and 29, is credited for being the World’s largest youth population.

20 Jan 2020 12:53 PM

Plaintiffs suing over the drug have said Johnson & Johnson concealed the link between Risperdal and excessive growth of female breast tissue in boys, known as gynecomastia.

Judge slashes USD 8 bn Risperdal award against J&J to USD 6.8 mn

Johnson & Johnson said in October it faced lawsuits by 13,600 people over Risperdal.

18 Jan 2020 11:58 AM

The court’s rejection on Thursday of petitions by Vodafone Idea, Bharti Airtel and the now-defunct Tata Teleservices is likely to add to the financial woes of India’s telecoms sector. (Photo: PTI)

SC rejects plea for relief on USD 13 billion telco levy; Vodafone tumbles

Shares in Vodafone Idea tumbled as much as 40 pc to a 2-month low on Friday, wiping out nearly USD 1 bn in market capitalisation.

18 Jan 2020 11:52 AM

STEM education firm provides STEM curriculum, teacher training and expertise in building STEM schools right from kindergarten to 12th grades.

How STEM is educating students in four specific disciplines for better approach

The sole objective and aim of education is to tap that hidden quality of a child and bring it in the forerun.

18 Jan 2020 11:37 AM

The transaction received strong backing from India’s thriving startup ecosystem as seen from the participation of several leading angel investors.

ProEves gears up to disrupt childcare industry, raises Rs 3.6 crore

ProEves works with India’s leading corporates and offers tech-led childcare benefit management solutions.

18 Jan 2020 10:41 AM

Revenue at its retail and telecoms units each jumped more than 25 per cent in the December quarter as the company, headed by Asia’s richest man.

Billionaire Ambani's Reliance posts record profit on consumer strength

The company had previously said it would sign a definitive agreement with Aramco by March 2020.

18 Jan 2020 10:23 AM

The placing of Yes Bank's deposit rating of B2 under review reflects Moody's expectation that the bank's standalone viability is getting increasingly challenged by its slowness in raising new capital.

Moody's places Yes Bank's ratings under review; direction uncertain

Moody's has downgraded Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA to caa2 from b3.

17 Jan 2020 12:22 PM

Shares of Jet Airways were trading 4.92 per cent lower than their previous close on BSE at Rs 45.40 apiece.

Jet Airways to sell Netherlands biz to KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process.

17 Jan 2020 10:54 AM

Jeff Bezos, founder and CEO of Amazon.com.

Amazon chief says to invest USD 1 bn in digitizing small businesses in India

Amazon has committed USD 5.5 billion in India investments and sees the country as a key growth market.

15 Jan 2020 1:13 PM

The expansion is a big step to uplift the retail business in that region.

ePaisa expands its POS solution in the West Bengal market

The cloud-based POS comes with the new Retail OS with much more upgraded features.

15 Jan 2020 11:23 AM

Gross revenue was Rs 15,470 crore, up by 2.7 per cent year-on-year.

Wipro reports 2.2 pc dip in Q3 net income at Rs 2,460 crore

The IT services segment revenue was at 2.09 billion dollars, marking a sequential growth of 2.2 per cent.

15 Jan 2020 11:17 AM

Bharti Airtel has to pay nearly Rs 35,586 crore in additional statutory dues, after a Supreme Court ruling on AGR liabilities of telecom companies in October last year. (Photo: PTI)

Airtel special committee clears issue price of USD 3 bn fund raising

The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.

15 Jan 2020 11:11 AM

Over the years, it has become a day that holds importance in different ways for different people.

Makar Sankranti special: Invest in Bajaj Finance fixed deposit

A Bajaj Finance FD is ideal when you’re working towards a goal as it offers a fixed rate of interest: 8.35 per cent for senior citizens.

14 Jan 2020 1:31 PM

Offers are due by January 15, a second source added.

Indian Oil Corp seeks six LNG cargoes for April-Dec delivery: sources

The refiner was seeking the cargoes on a delivered ex-ship (DES) basis, one of the sources said.

14 Jan 2020 11:00 AM

Amazon boss Jeff Bezos is expected to visit India for potential meetings with government officials this week. (Representational image/ Photo: AFP)

India orders antitrust probe of Amazon, Walmart's Flipkart

Walmart in 2018 invested USD 16 billion to buy a majority stake in India’s Flipkart, its biggest ever deal.

14 Jan 2020 10:57 AM

Some of the executives were sacked last week and more could be let go on Monday, two sources said.

Walmart sacks around 50 executives in India restructuring: sources

The move underscores the struggles Walmart has faced in expanding its wholesale business in India.

13 Jan 2020 11:02 AM