industry
  • Submit Pending Dues From HDIL By Sept 8, NCLT To Lenders Aug 31, 2019

    The National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process of debt-ridden real estate major Housing Development and Infrastructure Ltd (HDIL), asking the lenders to submit their dues claims by September 8.

  • Mukesh Ambani Calls Amit Shah 'Karmyogi' & 'Iron Man' Aug 30, 2019

    Addressing the gathering at the convocation ceremony of Pandit Deendayal Petroleum University, Ambani said: "Amit bhai, you are a true karmyogi, you are truly Iron Man of our country. Gujarat, and now India, is blessed to have a leader like you."

  • CG Power Board Sacks Chairman Gautam Thapar Aug 29, 2019

    Days after revelation of fraud at CG Power, the company's board on Thursday sacked its Chairman Gautam Thapar with immediate effect.

  • Indian Oil Corp plans $28 billion investment by 2023-24 Aug 28, 2019

    Indian Oil Corporation (IOC), the country’s top refiner, plans to invest Rs 2 trillion ($27.98 billion) in five-seven years to meet energy needs of diverse user groups, Chairman Sanjiv Singh told a shareholders meeting on Wednesday.

  • IndiGo Says All Third Party Deal Clean, Gangwal Skips AGM Aug 27, 2019

    Amid signs of truce between its warring promoters, InterGlobe Aviation, which runs private airline IndiGo, on Tuesday told shareholders in the annual general meeting (AGM) that all the related party transactions (RPTs) are at an arm's length.

  • Jet Airways Founder Naresh Goyal Controls 19 Firms, 5 Of Which Are Abroad: ED Aug 24, 2019

    The Enforcement Directorate, which carried out searches at the residence of Jet Airways founder Naresh Goyal, has got details of 19 companies held by him of which are five are located abroad and how money was siphoned off to other countries through dubious transactions.

  • NRAI Plans Fresh Move Against Deep Discounting By Online Food Apps Aug 24, 2019

    With more than 2,500 restaurants now logged out against the deep discounting practices of online food aggregators across the country, the National Restaurant Association of India (NRAI) on Saturday said it will soon begin a more intense movement to stop "unethical" practices being adopted by online food apps like Zomato Gold.

  • Maruti Suzuki India Recalls 40,618 Of Budget Four-Wheeler WagonR Aug 23, 2019

    Maruti Suzuki India said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between November 15, 2018 and August 12, 2019.

  • Xiaomi Banks On Phone Data For Finance Play In India Aug 23, 2019

    China’s Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges.

  • Amazon To Acquire 49% Stake In Future Coupons Aug 23, 2019

    In a regulatory filing late on Thursday, Future Retail said Amazon has agreed to acquire a 49 per cent stake in Future Coupons. That entity in turn owns a 7.3 per cent interest in Future Retail, according to prior regulatory filings.

  • Book on the untold Flipkart story to launch in Oct Aug 23, 2019

    IIT graduates Sachin Bansal and Binny Bansal founded out of an apartment in Bangalore (now Bengaluru) what would become Indias biggest e-commerce start-up. Recounting the astounding story of how the Bansals built Flipkart into a multi-billion-dollar powerhouse in a span of few years, journalist Mihir Dalal has penned a new book.

  • Thyssenkrupp Files Complaint Over Brussels' Veto On Tata JV Aug 22, 2019

    Thyssenkrupp on Thursday said it was filing a complaint with a European court to dispute an antitrust decision that blocks a planned joint venture with Tata Steel.

  • Parle Products May Cut Up To 10,000 Jobs As Slowdown Bites Aug 21, 2019

    Parle Products, a leading Indian biscuit maker, might lay off up to 10,000 workers as slowing economic growth and falling demand in the rural heartland could cause production cuts, a company executive said on Wednesday.

  • Ever Heard Of A 13-Hour Long Board Meeting? Aug 21, 2019

    Gautam Thapar-promoted CG Power and Industrial Solutions, after a gruelling 13-hour long board meeting on Tuesday, said an investigation by its board found major governance and financial lapses, with liabilities of the company and the group potentially being understated by hundreds of crores of rupees.

  • Indian Media, Entertainment Industry To Hit Rs 3 Tn By 2024 Aug 20, 2019

    Riding on the growing digital consumption via smartphones along with ultra-cheap data plans, the media and entertainment industry in India is likely to reach Rs 3.07 trillion by the financial year 2024, a new report said on Tuesday.