Companies

Gail's offer of approximately Rs 4,800 cr for 100 pc enterprise value contemplates no hair-cut to the debt of the SPVs, aggregating to nearly Rs 3,700 cr.

GAIL emerges as highest bidder for IL&FS wind power plants

The bidding process to these assets having 12 sites spread across seven states was launched in November last year.

23 Apr 2019 9:32 AM

Bharti Airtel trailed Jio with less than half of download speed at 9.3 mbps. (Photo: AFP)

Jio fastest with 22.2 mbps download speed in Mar, Voda leads in upload: Trai

Jio recorded average upload speed of 4.6 mbps and Airtel 3.6 mbps at the end of March.

23 Apr 2019 9:28 AM

The total spectrum will cost the firm Rs 14,000 crore.

DoT floats draft proposal on 4G spectrum to BSNL, MTNL

Both the companies have also sought spectrum for 4G services through equity infusion from the government.

23 Apr 2019 9:24 AM

Lotus Dairy bets big on value added products

The company has lined up plans to come up with a new brand to foray into non-dairy RTD beverages segment as well.

23 Apr 2019 1:48 AM

he open offer price has been fixed at Rs 139.19 per share.

Blackstone snaps up Essel Propack; deal seen at Rs 3.2K crore post-open offer

Blackstone will buy shares at Rs 134 apiece to acquire a 51 per cent stake from Ashok Goel Trust.

23 Apr 2019 1:46 AM

The employees were holding placards -- 'Hear our cry! Let 9W Fly', 'We have dependents to feed.' (Photo:ANI)

Jet Airways employees hold protest at Town Hall in Bengaluru

Jet Airways employees on Monday held a protest here at Town Hall, appealing the Central government to save the private airline.

22 Apr 2019 8:24 PM

Jet Airways' lenders have invited bids for selling stake in the ailing airline and the final bidders are likely to known by second week of May. (Photo: Twitter | @jetairways)

Jet employees' union opposes allocation of slots to other airlines

The slots allocated to Jet Airways are its properties and the airline is yet to close, AIJATA, which has around 800 members, said.

22 Apr 2019 4:32 PM

A consortium of banks led by State Bank had said they were hopeful of a successful bidding process for stake sale in the airline.

Banks unions want lenders to offer special loans to Jet staff

The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues.

22 Apr 2019 4:26 PM

Globally, spot gold was trading higher at USD 1,279.50 an ounce, while silver was up at USD 15.10 an ounce in New York.

Gold prices up by Rs 200 per 10 gm on jewellers' buying

Gold is trading at Rs 32,870 per 10 gram in the national capital on fresh buying by local jewellers.

22 Apr 2019 3:59 PM

The government holds 51 per cent stake in helicopter service provider Pawan Hans, and the remaining 49 per cent is with ONGC.

Govt puts Pawan Hans strategic sale on hold till election

Investors had time till March 6 to put in their financial bids for up to 100 per cent stake in Pawan Hans.

22 Apr 2019 3:32 PM

The scrip dived 19.34 per cent to Rs 132.20 -- its 52-week low -- on the BSE.

Further tailspin for Jet Airways, shares tank over 23 per cent

Jet Airways running into debt of more than Rs 8,500 crore.

22 Apr 2019 2:51 PM

MTNL and BSNL are saddled with massive debt and have faced problems in clearing staff salaries in the recent past.

MTNL remains relevant for telecom, its sustainability important for customers: CMD

The revival plan is expected to be taken up by the Cabinet soon, according to sources.

22 Apr 2019 2:35 PM

Cyber attackers work on the theory that majority of the businesses do not spend adequately on shoring up their cyber security

SBI General launches cyber defence insurance for businesses

This offers protection against the growing threat of cyber breaches and is designed to protect against major insurable cyber exposures.

22 Apr 2019 2:06 PM

Nasim Zaidi, the former Chief Election Commissioner and ex- civil aviation secretary. (Photo: PTI)

Nasim Zaidi quits grounded carrier Jet Airways board

Nasim Zaidi has submitted his resignation as a non-independent director of the company with effect from April 21.

22 Apr 2019 12:00 PM

The appointment comes amid growing concerns over spread of misinformation on social media platforms across the world, including India. (Photo: ANI)

Twitter appoints Manish Maheshwari as India MD

Maheshwari, who previously served as the CEO of Network18 Digital, takes over the new role from April 29.

22 Apr 2019 11:41 AM

The country is being propelled by strong macroeconomic tailwinds and is predicted to grow at 8 per cent a year between 2018 and 2022.

Over 300 global fashion brands to open stores in India by 2020: McKinsey

The apparel business is still largely unorganised with formal retail accounting for just 35 per cent of sales in 2016.

22 Apr 2019 11:02 AM

SpiceJet passengers from 51 domestic destinations will be able to access Emirates' network across the US, Europe, Africa and Middle East.

SpiceJet, Emirates sign MoU for code share partnership

The reciprocal partnership will allow opening of new routes and destinations for passengers of the two airlines.

22 Apr 2019 9:46 AM

Saudi Aramco will take full ownership and integrate the refinery into its growing downstream portfolio.

Aramco to buy Shell's stake in Saudi refining JV for USD 631 million

The purchase is part of Aramco’s strategy to expand its downstream operations, will be completed later this year.

22 Apr 2019 9:07 AM

Net profit rose 22.6 per cent in the fourth quarter through March from 47.99 billion rupees a year ago. (Photo: YouTube)

HDFC Bank fourth-quarter profit up 22.6 per cent to record high

The bank also said its board had approved raising up to 500 billion rupees by issuing debt over the next 12 months.

22 Apr 2019 8:35 AM

This is a strategic move catering to the material demand for West Bengal, North East and Bangladesh businesses. (Photo: Pixabay)

Avery sets up centre for the East in Kolkata

This is the company’s fourth distribution centre in India and first in the eastern part of India.

22 Apr 2019 1:36 AM