Budget carrier IndiGo announced that it has placed a 20-billion order for LEAP-1A engines with US-based CFM International to power its future fleet of 280 narrow body aircraft.
State Bank of India-led consortium of lenders Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal (NCLT) as they have not yet received any concrete proposal for the airline.
Pfizer Inc said it would acquire Array Biopharma Inc for $10.64 billion in cash to beef up its cancer portfolio as it faces rising generic competition for its blockbuster drugs.
Air India will start new flights on Mumbai-Patna-Amritsar route and Mumbai-Nairobi route from September 27, Civil Aviation Minister Hardeep Singh Puri said.
Besides IT-software, other industries that showed a healthy upward trend in the recruitment activity were business process outsourcing (BPO) (11 per cent), education (11 per cent), IT-hardware (11 per cent), construction & engineering (1 per cent), and fast-moving consumer goods (4 per cent).
Boeing executives took turns to apologise for the loss of life in two 737 MAX crashes and pledged to apply lessons of the crisis to future planes as the world’s largest aerospace company struck a chastened tone at the opening of the Paris Airshow.
Drug firm Cadila Healthcare said it has received establishment inspection report from the US health regulator with voluntary action indicated (VAI) classification for its Ahmedabad SEZ facility.
Airbus launched a long-range version of its A321neo jet at the Paris Airshow, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet.
Huawei Technologies Co. is preparing for a 40% to 60% drop in international smartphone shipments as the Trump administration's blacklisting hammers one of the Chinese tech giant's most important businesses.
Digital Communications Commission, the apex decision-making body of the telecom department, Monday approved imposing penalty on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio.
Bharti AXA General Insurance on Monday said it has posted a maiden profit of Rs 3 crore for the financial year ended March 2019.
Shares of Jet Airways continued the downward trend, plunging over 18 per cent as stock exchanges, last week, decided to impose restrictions on its stock trading from June 28.
In two successive offers, Reliance Capital has sold 10.75 per cent of its shareholding in RNAM, aggregating over Rs 1,450 crore and has achieved the minimum public shareholding of 25 per cent in RNAM by reducing the promoter stake, the company said in a statement.
Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT, Allahabad to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd (JAL).
Bharti Airtel Monday announced the price range of its Africa business IPO on the London Stock Exchange at 80-100 pence per ordinary share, through which the company expects to raise $750 million (around Rs 5,236 crore).