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Earlier this month, the ED had also questioned the global vice president of the group, Manu Kumar Jain, at the agencys regional office in Bengaluru, Karnataka. (PTI)

ED seizes Rs 5,551 cr deposits of smartphone giant Xiaomi India for...

A probe was earlier launched against the company in connection with alleged 'illegal remittances' sent abroad by the...

1 May 2022 8:35 AM IST

Life Insurance Corporation (LIC) Chairperson M R Kumar addresses a press conference, in Mumbai, Wednesday, April 27, 2022. The LIC IPO is opening on May 4 with a price band of Rs 902 to Rs 949 per equity share. (PTI/Shashank Parade)

LIC's Rs.21K crore IPO, India's largest, to open on May 4

The company has decided to reserve 10 per cent of shares on the offer for its policyholders under the policyholder...

28 April 2022 8:51 AM IST

The company has decided to reserve 10 per cent of shares on the offer for its policyholders under the policyholder reservation portion. (Wikipedia)

LIC IPO a treat for policyholders

With the LIC IPO coming up, there has been a spurt in opening of demat account recently

28 April 2022 8:47 AM IST

LIC rescued IDBI Bank in 2019, infusing Rs 4,743 crore in October 2019 while the bank further raised Rs 1,435.1 crore in December 2020 via a qualified institutional placement. (Representational image/ Financial chronicle)

LIC will relinquish control in IDBI Bank, says Pandey

LIC and the government wants to exit management control from IDBI Bank and the process is already on

28 April 2022 8:45 AM IST

Twitter Inc CEO Parag Agrawal (Twitter)

Twitter CEO set to receive $42 million if sacked after Musk deal

Musk in a securities filing on April 14 had said he did not have confidence in Twitter's management

26 April 2022 10:43 AM IST

Elon Musk (Twitter/@AFP)

Elon Musk reaches deal to buy Twitter for $44 bn

Musk, a self-proclaimed 'free-speech absolutist', said he wants to reform what he sees as the platform's over-zealous...

26 April 2022 10:28 AM IST

In January 2018, after the table change for fixed speed ACs and variable speed ACs, the prices of air-conditioners had gone up by 15 per cent.

Early summer makes AC firms turn bullish on sales

After two years of dampened sales, this summer has turned really hot for the AC manufacturers

25 April 2022 8:07 AM IST

Ola Electric said its battery systems already complies with and is tested for AIS 156, the latest proposed standard for India. (Representational photo: Image credit: Twitter/@OlaElectric)

Ola Electric recalls 1,441 e-scooters after incidents of vehicles...

Recently, there have been widespread incidents of electric scooters catching fire forcing manufacturers to recall their...

24 April 2022 12:07 PM IST

Elon Musk-led SpaceXs satellite broadband arm Starlink said that its service is available in many countries and it will be easier for it to get government approvals if it has a high number of pre-orders from India. (AFP Photo)

Elon Musk no longer joining Twitter board: CEO

Musk was named to join the Twitter board after buying a major stake in the firm and becoming its largest shareholder

11 April 2022 10:17 AM IST

The conglomerates launch of Tata Neu comes at a time when e-commerce has grown exponentially in India with the coronavirus pandemic accelerating online purchases of products. (Representational Image/ Pexels)

Tata group launches super app Tata Neu

The group has been testing the app since last year as it seeks to play a big role in the fast growing e-commerce space

8 April 2022 12:54 AM IST

Post the merger, the promoters of Inox will become co-promoters in the merged entity. Later the board of the merged company would be re-constituted with a total board strength of 10 members, with both the promoter families having two board seats each. DC Image

PVR, Inox Leisure ink all-stock merger deal

The boards of PVR and Inox Leisure have approved an all-stock amalgamation of Inox with PVR

28 March 2022 9:27 AM IST

Tata Steel sales fall 23 pc to 5.28 MT in Apr-Jun qtr; output down 28.49 pc. (PTI Photo)

Heavy cargo movement via river takes off at Paradip

OSL, led by business magnet Mahimanana Mishra, has been successful in discharging heavy lifts of about 400 tonnes (mt)...

21 March 2022 9:51 AM IST