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  Business   Companies  24 Aug 2017

Business, Companies, 24 Aug 2017

Infosys co-founder Nandan Nilekani returns as Chairman of board

The latest development comes amid a high-profile corporate drama that ensued after Vishal Sikka resigned as CEO.

24 Aug 2017 8:37 PM

VIkram Bakshi to challenge McDonald's termination of license

Bakshi also said he would move court if the licence is given to another entity, claiming CPRL has the existing licence.

24 Aug 2017 8:07 PM

Air India posts key properties for sale, aims to mop up Rs 500 crore

This asset monetisation plan comes in the light of the Cabinet's in-principle approval for Air India's divestment.

24 Aug 2017 7:25 PM

Tata Motors open to partnership for AMP platform: Butschek

Tata Motors' motive behind seeking a partner for AMP is to share the platform to bring volume and create economies of scale.

24 Aug 2017 5:46 PM

LIC trims stake in Tata Global Beverages to 5.67 pc

LIC sold 1.28 crore shares representing 2.03 per cent stake of TGBL in open market between July 4 and Aug 23.

24 Aug 2017 5:09 PM


LIC sells off 2.03 per cent stake in Tata Global beverages

Life Insurance Corporation (LIC) has reduced its shareholding in FMCG firm Tata Global Beverages Ltd (TGBL) to 5.67 per cent.

24 Aug 2017 5:08 PM

Infosys founders plotting coup to recapture helm: report

Nandan Nilekani, former CEO and MD, is reportedly coming back at helm to captain the ship in turmoil.

24 Aug 2017 5:00 PM

Online hiring activity sees 2 per cent growth in July: Naukri

Key industries like banking/financial services, insurance and automobiles also saw a growth of 7 per cent.

24 Aug 2017 4:30 PM

Commerce Ministry to release next consolidated edition of FDI policy soon

The whole exercise is aimed at providing investor friendly climate to foreign players and in turn boost economic growth.

24 Aug 2017 4:24 PM

Rajiv Bansal takes charge as new Air India CMD

Bansal replaces Ashwani Lohani, who has assumed office as Railway Board Chairman.

24 Aug 2017 3:58 PM


Uber partners with AAI to provide rides from four airports

Uber will set up booking zones at airports where even those who do not have app will be able to book a ride.

24 Aug 2017 3:32 PM

Coal to account for 68 per cent of total power mix by 2026: report

India's power sector will expand rapidly over the coming decade.

24 Aug 2017 3:20 PM

Infosys jumps 3 pc on buzz of Nilekani's return at IT major

On the National Stock Exchange the scrip jumped by 2.85 per cent to the day's high of Rs 918.25.

24 Aug 2017 1:16 PM

BOI cuts interest to 3.5 pc for deposits up to Rs 50 lakh

The bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh.

24 Aug 2017 1:06 PM

Present project financing ways must change: Kochhar

In FY17 bank credit slipped to a pale 5.08 per cent lowest since fiscal 1953 when it was a paler 1.8 per cent.

24 Aug 2017 11:56 AM


Infosys shares rise on reports of co-founder Nilekani's return to board

Infosys shares were trading 2.2 per cent higher in a Mumbai market that was little changed.

24 Aug 2017 11:42 AM

Infosys back on top 10 m-cap list of BSE, NSE

On NSE company's market capitalisation (m-cap) read Rs 2,05,071.22 crore at rank 10 as well.

24 Aug 2017 10:51 AM

Focus on small businesses to drive manufacturing: Mahindra

The real growth in employment and in manufacturing is going to come from SMEs.

24 Aug 2017 10:41 AM

Investors seek Nilekani’s return

Citing the voting pattern of promoters, Institutional Investor Advisory Services (IiAS) said the founders have never voted against any resolution.

24 Aug 2017 4:06 AM