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After the merger deal, TGBL will be known as Tata Consumer Products Ltd.Business
Tata to transfer food business from Tata Chemicals to Tata Global...

Each shareholder of TCL will get 1.14 new equity shares of TFBL for every one equity share held.

16 May 2019 8:48 AM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.Business
ArcelorMittal resolution plan violative of IB Code: Ruia to NCLAT

Essar Steel submitted before the NCLAT that the resolution plan moved by ArcelorMittal is in violation of the IBC.

16 May 2019 8:39 AM IST

Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
YES Bank slumps 5 per cent after RBI puts Gandhi on board

Yes Bank finally closed 8.01 per cent down on BSE at Rs 143.65 and at Rs 142.95 on NSE.

16 May 2019 7:05 AM IST

The acquired facility includes land, building and two sortex plants and has a production capacity of 800 MT per day.Business
GRM to develop warehouse near Mundra port

The acquisition has been funded through a combination of bank borrowings and internal accruals.

16 May 2019 6:41 AM IST

After the merger deal, TGBL will be known as Tata Consumer Products Ltd.Business
Tata Chemicals to shift food business to TGBL

The deal is expected to create a more than Rs 9,000-crore turnover giant.

16 May 2019 6:36 AM IST

The audit report said that former managing director of IL&FS Financial Services (IFIN) Ramesh Bawa did not disclose his investments in AAA Info-system and AAAB Infra-structure, though it was mandatory for all company directors to disclose their investments in other firms as per the Companys Act.Business
Audit finds 107 cases of shady lending at IL&FS

The Enforce-ment Directorate (ED) may now take the cognisance of the report for further action.

16 May 2019 6:33 AM IST

According to CII, strong rural consumption is reflected in sectors such as consumer non-durables, 2-wheelers and tractors.Business
CII to focus on enhancing industry competency, job creation

Employment generation would focus on education, skills, livelihood, human resource development.

15 May 2019 7:38 PM IST

Grofers works closely with 4,000-5,000 small merchants who help the company fulfill its orders.Business
Grofers raises USD 200 mn led by SoftBank Vision Fund for market...

This represents the largest primary financing round in the online grocery sector in India, Grofers said in a statement.

15 May 2019 6:14 PM IST

With six different storage class options, Amazon S3 provides the broadest array of cost-optimization options available in the cloud today.Business
Amazon Web Services launches availability zone in Mumbai

Microsoft and the new entrant Google are also upping their play in the cloud services market, which is led by AWS.

15 May 2019 5:42 PM IST

Indias mammoth rail network is truly a mass transportation system, with railway track cut through some of the most densely populated cities, flanked by shanty towns, in the nation of more than 1.3 billion people. (Photo: AP)Business
Govt plans to sell 15 pc in RITES via OFS; to fetch about Rs 700 cr

Railways consultancy firm RITES got listed on the bourse in July 2018 after it raised about Rs 466 crore through an IPO.

15 May 2019 5:01 PM IST

Paytm has revamped its app to make it even more user friendly and intuitive.Business
Citi, Paytm tie up to issue credit cards, offer 1 pc cashback on...

Citi is already one of the largest credit card issuers in India with over 2.7 million cards in March 2019.

15 May 2019 3:35 PM IST

File photo of a Jet Airways flight.Business
Darwin Platform Group, SBI Caps discuss unsolicited bid for Jet...

Darwin Platform Group has offered Rs 14,000 crore to acquire Jet Airways, its CEO Rahul Ganpule said.

15 May 2019 2:49 PM IST

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