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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

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 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

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

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


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

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 crore

19 Dec 2021 1:08 PM

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

WhatsApp launches pilot to enable financial inclusion across Karnataka, Maharashtra

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

15 Dec 2021 1:12 PM

Aditya Birla Fashion buys Reebok rights

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

15 Dec 2021 9:44 AM


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

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 be predicted

13 Dec 2021 9:26 AM

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

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

11 Dec 2021 2:32 PM

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

Oriental weighs options in resizing network

OIC CMD Anjan Dey asked the officers to identify profitable products and lines of business, besides improving the claim settlement ratio

10 Dec 2021 9:07 AM


Airlines, airports suffer Rs 20K cr losses

In the pandemic year of FY21, airlines are estimated to have incurred loss of about Rs 19,564 cr and airports losses of Rs 5,116 crore

07 Dec 2021 12:20 AM

Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India

The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon

02 Dec 2021 12:48 PM

Shriram Group puts succession plan in place

The board members have been appointed by Shriram Ownership Trust (SOT), which will function as the promoter group

01 Dec 2021 10:53 AM

RBI appoints advisory panel to assist R-Cap administrator

The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle, ex-MD&CEO, Tata Capital

01 Dec 2021 10:47 AM

Ather starts second factory

Ather is setting up a second plant near its existing facility at Hosur in Tamil Nadu to ramp up its capacity to 4,00,000 units a year

01 Dec 2021 10:37 AM