IndiGo cedes space, loses passengers in October; see who ate into the pie of India’s largest airline

Budget carrier and domestic aviation market leader IndiGo flew fewer passengers in October 2019 while SpiceJet’s monthly passengers flown numbers increased.

Vodafone Idea, Airtel tariff hike: Price increase may not help much; check what’s needed

Even as the move by both Vodafone Idea and Bharti Airtel to increase tariffs on mobile services is positive, the benefits will only be realised in the fourth quarter of the ongoing fiscal, Nitin Soni,

Small businesses looking for temporary staffing? Here’s what you must ensure to meet short-term demands

Skilling, Labour, Talent for MSMEs: According to data supplied by staffing firms, temporary hiring registers a 10 per cent - 15 per cent during the festive season, with e-commerce platforms leading th

Dilip Buildcon bags Rs 2,123 crore order from Coal India arm

In mining, overburden is the overlying material (such as rock, soil) that generally has no commercial value.

ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (‘ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resol

Tata Steel to axe 3,000 jobs across its European operations to cut costs

Tata Steel -- which has steel-making facilities in the U.K. and the Netherlands, as well as other manufacturing operations -- didn’t give a detailed breakdown of where the job losses would be made.

Winner’s curse: Govt to lose Rs 2 lakh crore if Vodafone Idea sinks

The government has raised another around Rs 22,000 crore on the telecom operators by way of one time spectrum charge (OTSC) for spectrum held beyond 4.4 Mhz. This is currently being contested in vario

In-principle approval for strategic sale of 28 CPSEs, says Anurag Thakur

With more than seven months of this fiscal already over, the Centre is looking at some big-ticket strategic disinvestment of CPSEs, including Bharat Petroleum Corporation (BPCL), to achieve the massiv

Jet Airways insolvency: NCLT directs Synergy to present resolution plan by Dec 3

The two-member bench of the Mumbai NCLT also directed that the ministry of civil aviation and Directorate General of Civil Aviation (DGCA) be made parties to the ongoing resolution proceedings and pro

Bina Modi takes over as chairperson of Modi Enterprises

Bina served as board member of Godfrey Phillips India and is also on the CSR committee of the company. Her commitment to social responsibility and her personal zeal drive the CSR programmes with a foc

Urban Ladder’s FY19 net profit at Rs 49.40 crore

The company had posted losses of over Rs 100 crore in FY18. Revenue from operations jumped 209% to Rs 298.17 crore in FY19. Total expenses stood at Rs 382 crore during the period, the data showed.

NCLAT asks promoters of Sterling Biotech to pay Rs 3,100 crore in a month

Bharti Airtel, Vodafone to hike tariffs from December 1

The average revenue per user per month has declined from Rs 174 in FY15 to Rs 113 in FY19. A subscriber on an average uses 10 GB of data and 700 minutes of mobile talk time per month.

JIL lenders to meet again to evaluate bids by NBCC, Suraksha

Over 23,000 home buyers, who enjoy the status of financial creditors under the insolvency law, and 13 banks have voting rights in the CoC. The home buyers have nearly 60% shares.

Advent International to buy majority stake in Bharat Serums and Vaccines

BSV researches, develops, manufactures and markets specialised injectable medicines with a portfolio focused on biotech and biological products. The company has multiple niche products that are leadin

Greener plans: Tata Cleantech plans infrastructure debt, AIFs

Tata Cleantech has already raised $170 million in 2019 and expects another $110 million to come through three deals after diversifying its source of funding to global private investors when domestic n

NewQuest Capital Partners raises $1 billion for its 4th fund

The investors in the fund include endowment funds, pension funds, sovereign funds, insurers, financial institutions and family offices across Asia, North America, Europe and the West Asia.

Patanjali revenue rises 2% to Rs 8,329 crore in FY19

In an interview to FE earlier this year, managing director Acharya Balkrishna told lack of proper planning and strategy at Patanjali impacted the firm's growth. The company, further, took a hit on sal

Shifting gears: Xiaomi seeks more sops, mulls widening local manufacturing

“Evaluations are on for local manufacturing multiple categories such as wearables, purifiers, smart cameras, which are showing promising sales,” chief operating officer Muralikrishnan B said. “W

SBI appoints collection agents for DHFL loan pools

Late last month, FE had reported that ICICI Bank had itself taken charge of collections from loan pools acquired from DHFL. Under normal circumstances, pooled loans would sit on the books of banks, wh

Stressed assets: Banks may take cos to NCLT to avoid additional provisioning

In addition to 180 days, the RBI has allowed for a grace period of one month to find resolution to these assets or refer them to the NCLT. Banks have an exposure of nearly Rs 3.8 lakh crore to 70 stre

Facebook CEO Mark Zuckerberg secretly uses TikTok: Report

TikTok has the backing of Softbank Group based in Japan. The app is very popular with teenagers across the globe. 

BSNL launches new plan for Rs 998 with 2GB data per day- Check Details

With Airtel, Vodafone-Idea, and Jio being fierce competitors, BSNL will have to be at the top of its game if they want to lure new subscribers.