Industry

Mindtree’s large shareholders on Subroto Bagchi’s side in hostile takeover battle with L&T, reveals CEO

Even as Mindtree mulls various strategies to fend off L&T's hostile takeover bid including a share buyback, CEO Rostow Ravanan says that there has been an extensive outpouring of support for institutional shareholders including Nalanda, Amansa and Vanguar
Mindtree defers share buyback plan amid L&T takeover bid News

Rupert Murdoch’s Wall Street Journal Joins Apple’s ‘Netflix for News’

Rupert Murdoch is again betting on Apple Inc. Eight years after launching an ill-fated digital newspaper for Apple’s iPad, News Corp. is making articles from its flagship newspaper, the Wall Street

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Mindtree takeover battle: Why L&T’s promise to run Mindtree independently is flawed

Indian engineering-to-financial services conglomerate Larsen & Toubro said on March 18 that it would aim to acquire a stake of up to 66 percent in IT consulting and services company Mindtree, valuing

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Jet Airways revival: Naresh Goyal steps down, lenders take charge

The finalisation of the roadmap for the troubled airline comes at a time when 84 planes out of its total fleet size of 119 are grounded as it has been in a severe financial crunch and has not been abl

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Khadi spins a success story, sales top Rs 3,200 crore in FY19

In the first four years of this government, sales grew at an annual average of over 30%, against 6.7% in the previous 10 years.

khadi india, khadi gram udyog, khadi gram udyog bhawan News

RBI to issue norms for regulatory sandbox for fintech sector in next 2 months

A “sandbox” is a framework set up by a regulator that allows FinTech start-ups to conduct live experiments in a controlled environment under supervision.

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FE CFO awards: Celebrating the best in the world of finance

The winners were chosen from a pool of around 100 companies shortlisted by knowledge partner Deloitte.

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In a time warp: For phone bills, printed copy to remain default option

During a meeting with Trai, some stakeholders suggested that the default option be changed to electronic bill

Industry News

Jet Airways crisis: Govt favours talks over insolvency

Rather than dragging Jet Airways into the insolvency process, it would be better if the issue is resolved through talks between creditors and debtors.

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Hyundai India, union ink fresh wage pact, technicians to get hike of Rs 25,200 per month

The three-year wage settlement will be implemented with retrospective effect from April 1, 2018 and will remain effective till March 2021.

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Social media firms need to appear before Indian Parliament, says Ravi Shankar Prasad

Prasad said the government respects the freedom of press and sees the social media also in that context.

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Netmeds buys health tech startup KiViHealth, draws up $10-million investment plan

KiViHealth’s AI-based prescription management technology helps doctors diagnose similar conditions in patients and aids stakeholders analyse trends that can be used as a predictive analysis tool

Industry News

Credit and debit cards make for over half of electronic payments volume: RBI Governor

RBI governor says it’s about a nine-fold increase over the last five years

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Big bank theory: Axis Bank eyes big branch expansion to catch up with HDFC Bank, ICICI

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

Banking & Finance News

Apple unveils Apple TV+ streaming service to rival Netflix; India launch ‘later this year’

Apple TV Plus - Spielberg, Oprah Winfrey, Jennifer Aniston, Reese Witherspoon, Jason Momoa, Alfre Woodard, J.J. Abrams, Sara Bareilles, Kumail Nanjiani and Steve Carell talked about their upcoming wor

Industry News

Apple debuts Arcade, its new gaming service to let you play ad-free games without any extra costs

Apple Arcade will be integrated into the App Store and will include more than 100 games exclusive to the service and Apple’s platform

Industry News

Apple announces its very first credit card, the Apple Card

Apple Card will be integrated into the Apple Pay and will offer users cashbacks on using its daily.

Industry News

Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs 1,600 cr

The sale offer will be open for non-retail investors on March 26 and close on the same day. For retail investors, the date has been fixed as March 27.

Banking & Finance News

Indian technology and investment can be exploited and industrialized in Bolivia: CEO, Kinn Industrial Grupo

On the eve of President Kovind’s visit to Bolivia later this week, Luis Kinn, CEO, Kinn Industrial Grupo, dealing in hydrocarbon, gold, and real estate development, shares his views saying the visit

Industry News

After Jet Airways exit, Naresh Goyal tells staff ‘It’s not the end of the journey’

In an emotionally-charged letter to the 22,000-strong employees, Goyal also said the approval of the debt-recast plan will put the carrier on a "sounder and sustainable" financial footing.

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Domino’s puts pizza in driver’s seat with in-vehicle ordering

Customers will be able to place and track orders on their car’s touchscreen. They can also use the platform to locate nearby stores and call in orders through their car’s interface.

Industry News

Hard copy of telephone bill to continue as default, e-bill optional: Trai

The Telecom Regulatory Authority of India said telecom operators could send electronic copies of the bills to consumers only after their explicit consent.

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Govt moves NCLT seeking immunity for IL&FS board members

The government move came in after it felt that the Uday Kotak led board should be protected from any legal hurdles in executing its task of finding a "fair value and resolution" for the debt-laden co

IL&FS to receive first set of bids under asset monetisation process on Monday News

PSBs have kept public interest in mind, says Jaitley on decision regarding Jet Airways

After weeks of uncertainty over the future of ailing Jet Airways, the airline's board has approved immediate fund infusion of up to Rs 1,500 crore by lenders as well as conversion of debt into equity.

Rahul Gandhi’s minimum income guarantee scheme is a bluff: Arun Jaitley News
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