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Samsung has sold non-core assets while pushing through a merger of two affiliates in 2015.

Samsung names 3 new business heads, JK Shin and others to step down

Current CFO Lee Sang-hoon would resign from his CFO role and had been recommended as chairman of board.

31 Oct 2017 11:44 AM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

RCom says it has agreed to debt repayment plan

The announcement comes after the unravelling of its previous debt repayment plan, which had hinged on merging with rival...

31 Oct 2017 11:26 AM IST

IMG was set up to give recommendation to help telecom companies come out of the financial difficulties.

Bharti Infratel mulls picking up stake in Indus Towers

Bharti Infratel and Vodafone India hold 42 per cent stake in Indus Towers and rest is held by Idea Cellular.

31 Oct 2017 8:52 AM IST

The company, via its partnerships, will provide users an array of low-cost smartphone choices to select from if they upgrade to an Airtel 4G connection.

Airtel counters Reliance Jio with low-cost smartphones

To avail this offer, a customer needs to make a down payment of Rs 2,849 for the smartphone and make 36 continuous...

31 Oct 2017 12:50 AM IST

Shares of Reliance Communications (RCom) on Tuesday slumped over 9 per cent in morning trade after the collapse of its Aircel merger deal. Photo: PTI

RCom debt repayment plan: Lenders to have 51 per cent stake in company

RCom said it has made a comprehensive 'debt resolution plan to its domestic and foreign lenders'.

30 Oct 2017 8:43 PM IST

According to the industry sources, banks are worried telcos will start defaulting on payments due to fall in revenues and high level of debt in the sector.

Bharti Infratel posts 17 per cent drop in Q2 net profit

Profit after tax fell to Rs 6.38 billion ($98.40 million) in the quarter ended September 30, from Rs 7.74 billion in...

30 Oct 2017 8:27 PM IST

Tata Steel is countrys major steel producer.

Tata Steel posts second-quarter profit driven by volume growth

Total steel deliveries were up 15 per cent to 6.45 million tonnes, with Indian deliveries contributing about 48 per cent...

30 Oct 2017 8:14 PM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

Reliance Communications presents new debt repayment plan

RCom, controlled by billionaire Anil Ambani, will retain debt of Rs 60 billion after the completion of the new repayment...

30 Oct 2017 7:59 PM IST

IDFC Limited on Thursday registered a growth of over 65.2 per cent in consolidated net profit at Rs 299.40 crore for Q1.

IDFC, Shriram merger hits dead end over share swap disagreement

Private lender IDFC and Piramal group's Shriram had entered into an agreement for a merger plan.

30 Oct 2017 5:28 PM IST

Delhi-based Tata-SIA run joint venture carrier, Vistara.

Vistara connects Ranchi with Delhi with a double daily flight

The Delhi-headquartered Tata-SIA joint venture airline Vistara has expanded its network to 21 destinations.

30 Oct 2017 5:08 PM IST

Bharti Telecom to stake in Bharti Airtel to 50.1 per cent

Shares of Bharti Airtel closed at Rs 492.8, up by 1.59 per cent, on BSE.

30 Oct 2017 4:24 PM IST

ICICI Bank spokesperson said it has installed state-of-the-art note sorting machines that check the quality of millions of notes every day.

NCRDC asks ICICI to refund Rs 2 lakh fraudulently withdrawn from man's...

Haryana resident Karam Singh lost Rs 2,07,368 during November 11, 2006 and February 2, 2007, for which he received no...

30 Oct 2017 4:17 PM IST