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Ebix Inc has sent a letter to the Board of Yatra Online, Inc outlining offer to acquire 100 per cent of the outstanding stock of Yatra Online for USD 7 per share on a debt-free basis, the US-based software firm had said in a statement.Business
Yatra to review takeover proposal of Ebix

US-based software firm Ebix Inc on Monday announced that it had offered to acquire Yatra Online for USD 336 million...

12 March 2019 5:30 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.Business
SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on...

12 March 2019 5:09 PM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.Business
Drivezy in talks to raise USD 100 mn funding, eyes international...

Drivezy (formerly JustRide) has till date raised equity investments of USD 31 million.

12 March 2019 3:38 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)Business
Bank of India raises Rs 660 cr by selling shares to employees

The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement.

12 March 2019 3:07 PM IST

The insurer said in a regulatory filing on Monday that Standard Life (Mauritius Holdings) 2006 Ltd, one of its promoters, will sell stake through an offer for sale on March 12, and the floor price for the sale will be Rs 357.50 per share.Business
HDFC Life shares drop over 5 pc on stake sale announcement

After the stake sale, Standard Life's holding in the insurance company will come down to 24.27 per cent.

12 March 2019 2:58 PM IST

The combined entity Birlasoft Limited is a mid-tier USD 500 million (approximately Rs 3,478.88 crore) company listed on the Indian bourses, the company said in a statement.Business
Birlasoft completes merger with KPIT's IT services division

The integration would enable the company to deliver a wider suite of capabilities, said Amita Birla, Chairperson,...

12 March 2019 1:49 PM IST

\The suggestion of alleged violation of FDI laws of India is completely misconceived and misplaced,\ Godfrey Phillips India said in a regulatory filing.Business
Godfrey Phillips says it is in complete compliance with India's FDI...

Per media reports, Philip Morris for years paid manufacturing costs to Godfrey Phillips to make Marlboro cigarettes.

12 March 2019 12:42 PM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)Business
Bharti Airtel to slash direct stake in Infratel

Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 per cent.

12 March 2019 10:44 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.Business
Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 March 2019 9:22 AM IST

Nissan said it plans to bring the device to other countries eventually and install it in 30 per cent of the 40 million Nissan vehicles that are on the roads at present.Business
In shadow of Ghosn, Nissan, Renault and Mitsubishi meet to hash out...

Nissan holds a 15 per cent, non-voting stake in Renault, whose top shareholder is the French government.

12 March 2019 9:16 AM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.Business
NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden...

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 March 2019 8:53 AM IST

Tata Steel is countrys major steel producer.Business
Tata Steel BSL nod for issuance of 11.09 pc shares to Tata Steel

The proposals were approved in an extraordinary general meeting, chaired by Tata Steel BSL Chairman T V Narendran.

12 March 2019 8:52 AM IST

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