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Business

Airtel appoints Rajesh Tapadia as CEO of data-cloud biz

Tapadia has earlier worked with Trimax, Global Cloud Xchange, Genpact and Reliance Infocomm.

19 Aug 2019 2:51 PM IST

PE firms made investments worth $2.6 billion across 61 deals and exits worth $472 million across 10 deals.

Business

PE-VC investment in India zooms to all-time high of USD 8.3 bn in...

According to EY's private equity deal tracker, July 2019 recorded investments worth USD 8.3 billion across 106 deals.

19 Aug 2019 2:49 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Business

Rebalancing refining mkt, faster asset monetisation to drive RIL...

RIL announced agreeing to a non-binding letter of intent from Saudi Aramco regarding proposed investment in its...

19 Aug 2019 2:02 PM IST

Business

RBI rules out asset quality review of NBFCs for now

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

19 Aug 2019 1:14 PM IST

Apple CEO Tim Cook speaks during The Fortune CEO Initiative 2018 Annual Meeting, Monday, June 25, 2018, in San Francisco. (AP Photo/Marcio Jose Sanchez)

Business

Apple CEO warns Trump about China tariffs, Samsung competition

Apple's MacBook laptops and iPhones would not face the additional tariffs until December 15.

19 Aug 2019 9:54 AM IST

Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors.

Business

United Bank of India targets Rs 1,000 cr net profit in FY20

The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottomline of Rs 95 crore.

19 Aug 2019 9:36 AM IST

Chinas Huawei Technologies, the worlds third-largest smartphone maker, posted a 28 per cent rise in 2017 net profit.

Business

RSS' economic wing sees Chinese telecom firms as security risk for...

US President Donald Trump's administration put the company on a blacklist in May, citing national security concerns.

19 Aug 2019 8:32 AM IST

Business

M&M says fiscal stimulus needed for India's auto industry

M&M's Managing Director Pawan Goenka said that the auto maker has retrenched about 1,500 temporary workers since April...

18 Aug 2019 3:57 PM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business