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Flipkart CEO Binny Bansal resigns after charges of 'misconduct'

The investigation did not find evidence to corroborate the complainant's assertions against Binny Bansal.

13 Nov 2018 6:00 PM IST

$Share purchase agreement (SPA) stands terminated as all the conditions precedent were not satisfied within the stipulated time period,\ IndusInd Bank said.$ Business

IndusInd Bank calls off deal to acquire IL&FS Securities Services

IL&FS initiated the process for divesting its stake in IL&FS Securities Services and ISSL.

13 Nov 2018 1:20 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Tata Sons begins due diligence to buy Jet Airways: report

Jet Airways planned to cut flights on less profitable routes and add capacity in more lucrative markets.

13 Nov 2018 11:11 AM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Business

Walmart-Flipkart deal: NCLAT adjourns hearing over CCI's approval

Traders' body CAIT against fair trade regulator CCI's approval for Walmart's USD 16 billion acquisition of Flipkart.

12 Nov 2018 4:30 PM IST

NCLT to extend the moratorium so that legal action cant be taken by creditors against IL&FS or its 347 group entities.

Business

Govt may nudge LIC, SBI to buy out IL&FS

LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake...

12 Nov 2018 12:16 PM IST

Alibaba currently has 25,000 engineers on staff, it says, and says the new research infrastructure will help them meet a goal of two billion customers within two decades.

Business

Alibaba Singles' Day smashes USD 25 billion sales record

Alibaba said there were around 180,000 brands participating in Singles' Day, and as of 8 pm on Sunday sales were nearing...

12 Nov 2018 11:53 AM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

Business

Govt may sell 149 ONGC fields to private firms

This is the second attempt by the oil ministry to take away some of the fields of ONGC for private and foreign...

12 Nov 2018 11:27 AM 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

Airtel International begins cash purchase of its USD 1.5 bn bonds to...

Bharti Airtel International, using the proceeds it got from six global entities investing in its Africa unit.

10 Nov 2018 2:02 PM IST

$Rather than waiting to respond to a famine after many have already died, the tech firms, including Amazon, \will use the predictive power of data to trigger funding\ to take action before it becomes a crisis, the World Bank and UN announced. (Representational image/ Photo: AFP)$ Business