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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)Business
LIC may not fully exit IDBI Bank

While the government holds 45.48 per cent stake in IDBI Bank, LIC owns 49.24 per cent stake in the lender

22 Feb 2022 12:37 AM IST

The Superb iV employs a 1.4-litre TSI petrol engine mated to an 85kW electric motor.Business
Omega Seiki to make EV motors

The association will see the introduction of a new lightweight, compact trapezoidal stator radial flux (TSRF) motor

18 Feb 2022 9:05 AM IST

Vistara introduces three days of leave without pay for pilots in September. (PTI Photo)Business
Vistara gradually restoring certain services to pre-Covid levels

The airline also plans to improve its inflight entertainment offerings across its domestic and international network

16 Feb 2022 12:25 PM IST

The notification form is being filed in relation to Jaadhus proposed acquisition of a minority, the non-controlling shareholding of approximately 9.99 per cent of the fully diluted equity share capital in Jio Platforms, which is worth USD 5.7 billion.Business
Blackstone buys majority stake in ASK

Blackstone acquired 70 per cent stake from promoters and employees valuing the company at $1 billion

15 Feb 2022 9:27 AM IST

Swiggy to lay off 1,100 employees as covid19 hits online food orders. (PTI Photo)Business
Quick delivery services driving hiring in e-com

The year seems to be optimistic for last mile delivery services and a healthy kick-start is expected, says TeamLease...

14 Feb 2022 8:34 AM IST

The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended. (PTI Photo)Business
LIC plays contrarian on Sensex firms

The companies in which LIC raised its stake during the third quarter included Tata Steel, Reliance Industries, Asian...

14 Feb 2022 8:30 AM IST

In this file photo taken on November 27, 2019 an Amazon sign is pictured at the Amazon Fulfilment Centre in Peterborough, east England. (Photo: AFP)Business
FRL-Reliance merger: Supreme Court notice to Future group on plea of...

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group...

9 Feb 2022 12:02 PM IST

The nationwide campaign began in December 2021. The BETA Mobile Petrol Pump has arrived in Odisha and will tap cities across the state. ANIBusiness
Repos launches mobile pumps

The new mobile pumps enable corporates and individuals to buy fuel in smaller quantities

29 Jan 2022 8:52 AM IST

A woman walks past the logo for Google at the China International Import Expo in Shanghai. (Photo: AP)Business
Google to invest USD 1 bn in Airtel; to buy 1.28 per cent stake for...

Google made the investment as part of its Google for India Digitization Fund

28 Jan 2022 11:58 AM IST

The Kishore Biyani-led company, which is locked in a dispute with global e-commerce major Amazon, said that it has received offers from various potential buyers for its remaining 24.91 per cent interest in FGII. DC ImageBusiness
Future to sell 25% stake in Generali JV for Rs 1,250 cr

The stake sale will bring Generali's total shareholding in the JV to around 74 per cent

28 Jan 2022 11:25 AM IST

Hong Kong bars Air India flights till August-end after passengers test positive for COVID-19. (AFP Photo)Business
Govt notifies Air India asset transfer agreement with AIAHL; AI...

The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday

27 Jan 2022 12:22 PM IST

\Seven passengers on Sundays Air India Delhi-Auckland flight have tested positive for COVID-19 three days after arrival,\ New Zealand government official said. (PTI)Business
Air India likely to be handed over to Tata group by weekend

Tata Group had on October 8 last year acquired Air India for Rs 18,000 crore

24 Jan 2022 3:19 PM IST

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