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A visitor walks into a Vodafone store in Bangalore. (Photo: PTI/File)

Vodafone in talks to sell 5 per cent stake in Indus Towers to Bharti Airtel: Sources

Vodafone currently holds about 28 per cent in Indus Towers

23 Feb 2022 4:56 PM

This is Khan's first big endorsement after the controversy involving his son Aryan Khan in a drug case last year. (Photo: PTI/File)

Coca-Cola ropes in Shah Rukh Khan as brand ambassador for Thums Up

Earlier, the actor was associated with rival cola brand, Pepsi, for a long period of time

23 Feb 2022 2:04 PM

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)

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

OSM says the new motor is less than half the size of conventional motors, making it the smallest electric motor in its class, which can fit in an average sized human palm, without compromising on output. It is also significantly lighter than conventional radial flux permanent magnet (RFPM) motors with similar power output. — Representational image/DC

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

Vistara has gradually been resuming services that were halted temporarily due to the pandemic. (Photo: PTI/File)

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

ASK manages more than $10.6 billion (Rs 78,500 crore) in assets as of December 31, and caters to high networth clients across Asia, the Middle East, Africa, and Europe. ASK is one of the first portfolio managers in India catering to HNIs, family offices and institutions for nearly 30 years. — Representational image/By arrangement

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

RedSeer Consultants say the market penetration of quick commerce was estimated at $0.3 billion in CY2021 and is expected to grow to $5 billion by 2025. — Representational image/PTI

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 Services

14 Feb 2022 8:34 AM

The highest increases in LIC's holdings, in percentage terms, were in Power Grid Corporation of India, Dredging Corporation of India, CAMS, Coforge, Deepak Nitrite, JSW Energy, Endurance Technologies, SBI Cards & Payment Services, PI Industries and Laurus Labs. — PTI

LIC plays contrarian on Sensex firms

The companies in which LIC raised its stake during the third quarter included Tata Steel, Reliance Industries, Asian Paints, Dr Reddy's Lab

14 Feb 2022 8:30 AM

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)

FRL-Reliance merger: Supreme Court notice to Future group on plea of Amazon

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

09 Feb 2022 12:02 PM

The nationwide campaign began in December 2021. The BETA Mobile Petrol Pump has arrived in Odisha and will tap cities across the state. — ANI

Repos launches mobile pumps

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

29 Jan 2022 8:52 AM

Google to invest USD 1 bn in Airtel; to buy 1.28 per cent stake for USD 700 mn

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

28 Jan 2022 11:58 AM

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 Image

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

Of the 141 Air India aircraft that Tatas would get, 42 are leased planes while the remaining 99 are owned. (Representational image: AFP)

Govt notifies Air India asset transfer agreement with AIAHL; AI handover to Tata soon

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

27 Jan 2022 12:22 PM

As a part of the deal, the Tata group will also be handed over Air India Express also. (Photo: PTI/File)

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

Though the investment pact is just a memorandum of understanding right now, it outlines the scope of chairman Mukesh Ambani's green ambitions. — PTI

RIL expands green investment scale

About Rs 5 lakh crore would be used over the next 15 years to build 100 gigawatts of renewable power projects and a green hydrogen network

14 Jan 2022 9:31 AM

The conversion will lead to dilution of the holdings of all the existing shareholders of the firm, including the promoters. Post-conversion, it is expected that the government will hold around 35.8 per cent of the total outstanding shares of the company, and that the promoter shareholders would hold around 28.5 per cent (Vodafone Group) and 17.8 per cent (Aditya Birla Group), respectively. — DC Image

Government to be largest shareholder in Vi

The company informed telecom department that it would opt for converting the interest on spectrum and AGR dues into government equity

12 Jan 2022 10:22 AM

Brokerage Macquarie at the time of listing warned investors of 40 per cent downside in Paytm's share price from fixed public issue price and set target price of Rs 1,200 with an ‘underperform’ rating. — PTI

Paytm shares Hit New Low On Downgrade

After a 6 per cent fall on Monday, One 97 Communication fell another 3.32 per cent on Tuesday to close at Rs 1,119.50 per share on the BSE

12 Jan 2022 10:10 AM

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

09 Jan 2022 4:33 PM

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

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 agreements for merger

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

22 Dec 2021 11:01 AM

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Kishwar Desai