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Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp (Cayman) for an equity value of approximately $98.15 million. (Reuters Photo)

Reliance to buy control of Mandarin Oriental New York in $98 mln deal

The closing of the transaction is anticipated by the end of March 2022, the company said

9 Jan 2022 4:33 PM IST

AirAsia India was making all payments as per credit terms on due dates from September 2021. (Photo: AirAsia.com)

Paid all dues to AAI: AirAsia India

An airline has to pay for air navigation, landing and parking among others to the AAI

29 Dec 2021 12:18 PM IST

The statement said SPNI will have a cash balance of USD 1.5 billion at closing. (Photo: PTI)

Zee Entertainment, Sony Pictures Networks India sign definitive...

The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due...

22 Dec 2021 11:01 AM IST

Indian Oil Corp Ltds 300,000 barrels per day refinery on the countrys east coast to be shut for three weeks for maintenance. (AFP Photo)

IOCL acquires 4.93 per cent equity stake in Indian Gas Exchange

The Board of Directors of Indian Oil approved the deal at its meeting held on December 20

21 Dec 2021 2:59 PM 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)

LIC IPO unlikely to take place this fiscal due to delay in valuation

Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh...

19 Dec 2021 1:08 PM IST

Sabeer Ahluwalia (on the left) with Neil Shaw. (AA Image)

Eastern India gets a private jet club - Yaqoot Air Charter

The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

18 Dec 2021 4:14 PM IST

Thukral said through this partnership, WhatsApp is committed to enhance the digital skills of the aspiring entrepreneurs and empower the youth of our country to create a safe digital environment for all. (PTI Photo)

WhatsApp launches pilot to enable financial inclusion across...

WhatsApp India Head Abhijit Bose said the pilot aims to effect a behavioral transformation to digital payments at the...

15 Dec 2021 1:12 PM IST

Aditya Birla Fashion and Retail Ltd. (Photo- twitter)

Aditya Birla Fashion buys Reebok rights

A long-term licensing agreement between ABFRL and Authentic Brands Group gives exclusive rights to distribute and sell...

15 Dec 2021 9:44 AM IST

At Netflix, Verdu will be reporting to Greg Peters, Netflixs chief operating officer and chief product officer. (Photo: Twitter)

Netflix cuts subscription rates in India

The Standard plan will be charged at Rs 499 per month, while Premium will be available at Rs 649 a month

14 Dec 2021 10:08 AM IST

As Indias largest private sector port developer and operator, we will accelerate Indias and APs industrialisation, Adani Group Chairman Gautam Adani said in a tweet. (Image credit: Twitter/@Adaniports)

Firms see Covid as top risk

The extent to which the coronavirus disease may affect our business and operations in the future is uncertain and cannot...

13 Dec 2021 9:26 AM IST

Garg, who is in his mid-40s, cited market efficiency, performance and productivity as the reason behind the firings. (Representational Image: Reuters)

Indian-origin CEO who fired 900 on Zoom call takes time off after...

On Dec 1 over a Zoom call that lasted less than 3 minutes, Garg abruptly fired more than 900 employees, about 9% of the...

11 Dec 2021 2:32 PM IST

Google Pay has started its own Tez Shots Campaign which says, Score Runs to earn assured rewards worth up to Rs 1 lakh . Yet Play Store policies that got Paytm temporarily removed did not apply to Google Pay, the home-grown digital financial services firm alleged.

Paytm gets scheduled bank status

While a payments bank cannot access the call money market or the interbank line, a scheduled bank can

10 Dec 2021 9:15 AM IST