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$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

India Ratings downgrades Yes Bank with negative outlook

Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender.

9 May 2019 3:24 PM IST

EID Parry on Wednesday posted a surge of 87.23 per cent in consolidated net profit at Rs 158.06 crore for the fourth quarter of 2018-19 on strong sales.

Business

EID Parry shares jump nearly 5 pc post Q4 results

The scrip gained 4.29 per cent to Rs 192.85 on the BSE.

9 May 2019 2:34 PM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Business

Vodafone pledges entire stake in Vodafone Idea with foreign banks

Vodafone holds 44.39 per cent stake in Vodafone Idea which at Thursday's trading price is worth over Rs 18,000 crore.

9 May 2019 2:14 PM IST

Business

JSPL bags Rs 665 cr rail order from RVNL

JSPL has won an order from RVNL 'to supply 89,042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails'.

9 May 2019 11:55 AM IST

Reliance Jio free 4G services have reduced profit of Airtel by more than half, lowered Vodafone Indias profit and pushed Idea Cellular into first ever quarterly loss.

Business

See stability returning to telecom market by Q4 FY20: COAI

Telecom operators will look at getting more offerings like content, e-commerce and financial services.

8 May 2019 6:05 PM IST

The previous largest deal was Lupins acquisition of Gavis Pharma and Novel Laboratories for $880 million in 2015.

Business

Lupin gets more time from govt to complete project in Indore SEZ

The company is setting up its pharma unit in Indore SEZ to manufacture pharmaceutical formulations and inhalers.

8 May 2019 5:48 PM IST

$Uber chief executive Dara Khosrowshahi is committed to investing further in the Indian market but also keeping a sharp eye on \eventual profitability\, as the US-based cab aggregator ramps up operations in the country.$ Business