Etihad’s nominee director quits Jet Airways

Grounded carrier Jet Airways on Friday said that Etihad nominee director on the airline’s board, Robin Kamark, has quit the company with effect from May 16.

After Kamark’s exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations on April 17. News

NCLAT annuls voting on NBCC bid to acquire Jaypee Infra

The National Company Law Appellate Tribunal (NCLAT) on Friday annulled voting by homebuyers and lenders on NBCC’s bid to acquire bankrupt Jaypee Infratech (JIL), and allowed renegotiation on the off

Allows CoC to renegotiate on state-run PSU’s offer by May 30; fresh voting from May 31 News

Dr Reddy’s net profit up 44 per cent in Q4

On a sequential basis, the profit was down 10%. However, with the improved performance in the domestic and emerging markets, revenues for the quarter are up by 14% at Rs 4,016.60 crore from Rs 3,534.9

Dr Reddy's net profit up 44 per cent in Q4 News

Bajaj Auto profit drops 9.2 per cent in Q4

Bajaj Auto on Friday reported a 9.2% year-on-year (y-o-y) drop in adjusted consolidated net profit to Rs 1,066.49 crore for the three months to March.

The practice of offering discounts was started in Q1FY19 and Bajaj priced its entry-level bikes a little lower than the competition. (Representative image) News

With Nature’s Basket buy, we get access to Mumbai and west: Shashwat Goenka

Spencer’s Retail’s acquisition of Nature’s Basket from Godrej Industries will be very complementing, geography-wise and products-wise, believes Shashwat Goenka, sector head, retail & FMCG, RP-Sa

Shashwat Goenka, sector head, retail & FMCG, RP-Sanjiv Goenka Group News

Software update on 737 MAX finalised: Boeing

American aircraft manufacturer Boeing on Friday said it has completed the development of the updated software for the 737 MAX. The aircraft with the updated software has been tested for over 360 hours

The final safety certification of the 737 MAX is still pending, subject to additional information provided by Boeing to the American Federal Aviation Administration News

Nestle likely to focus on low-cost products to gain rural share

With only 25% volume coming from rural sales, Nestle India will focus on products in the popular pricing range to gain rural market share as the company is slated to launch close to three dozen produc

Nestle likely to focus on low-cost products to gain rural share News

Sundaram-Clayton opens first overseas plant in US

Sundaram-Clayton (SCL), India's leading auto component maker and the holding company of TVS Motor Company, on Friday announced the inauguration of its first overseas facility in South Carolina, US, th

The company aims to significantly enhance its ability to serve its customers in North America, its biggest export market. (Website image) News

Truck rentals take huge hit on drop in freight

Truck rentals across the country are in a jittery mode and the dealers and banks are holding a few queries for fleet replacement as compared to last year.

Truck rentals take huge hit on drop in freight News

US tariffs on China big opportunity for Indian textile industry: CITI

In a statement on Friday, CITI chairman Sanjay K Jain said that due to the ongoing trade war between the US and China, the US has hiked additional tariff to 25% on $200 billion imports from China, app

US tariffs on China big opportunity for Indian textile industry News

City Union Bank net rises 15% to Rs 175 crore in Q4

Kumbakonam-based private sector lender City Union Bank (CUB) has reported a 15% rise in its net profit at Rs 175.12 crore for the fourth quarter against Rs 152.12 crore in the corresponding quarter la

City Union Bank Q4 net rises 15% to Rs 175 cr News

Project TE-1: Triumph to develop electric motorcycle capability

The project will be organised into four phases, with one of its key aims being increased systems integration.

Triumph to develop electric motorcycle capability (Website image) News

What makes the new BMW X5 unique

The SUV can ‘remember’ the last 50 metres driven

The X5 can also automatically park itself parallel or perpendicular to the vehicles parked already News

Nandan Nilekani-led panel on digital payments submits report to RBI

In a statement, the Reserve Bank said the committee held its deliberations including consultations with various stakeholders and submitted its report Friday to Governor Das.

Nandan Nilekani, rbi, Reserve Bank, Aadhaar architect, Governor Shaktikanta Das, banking news

L&T buys 13,440 shares of Mindtree, expands shareholding to 26.48%

Earlier this month, L&T had purchased around 20 per cent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share

L&T, Larsen & Toubro, Mindtree, L&T Open Offer, Stakeholding, Promoters, लॉर्सन एंड टूब्रो, माइंडट्री, Investors, Open Offer Vs Buyback, Stocks, Stock Market News

Telegram boss takes a potshot at WhatsApp, says it ‘will never be secure’

Telegram's Durov has penned strong words about how bad WhatsApp's data privacy rules are

Industry News

Spencer’s to acquire Nature’s Basket; posts Rs 2.4 crore net FY19

Kolkata-based Spencer's Retail, part of RP Sanjiv Goenka Group, is a multi-format retailer that provides products across categories such as food, personal care, fashion, home essentials, electrical an

Industry News

Bad news for DTH subscribers; High Court stays TRAI notice against Tata Sky, Sun Direct, others

Following the rising complaints from consumers regarding the termination of their long term plans, TRAI had served notice to major DTH operators directing them to honour the subscriptions.

Vakrangee, Dish TV, tata sky, dish tv network, Dish TV India Executive Director, Dish TV CEO, Dish TV Group CEO, Anil Dua News

Etihad nominee on Jet Airways board Robin Kamark quits

The Gulf-based Etihad, which acquired 24 per cent stake in the then Naresh Goyal-promoted carrier in 2013, had two nominee directors, Kevin Night and Robin Kamark, on the airline's board.

Industry News

Boeing CEO says software update on 737 MAX now complete

The 737 Max 8 and 9 models were grounded worldwide after an Ethiopian Airlines crash on March 10 that investigators have described as appearing similar to a Lion Air crash on October 29 last year. A t

Industry News

NCLAT annuls creditors’ voting on NBCC’s bid for Jaypee Infratech

Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations repres

Jaypee Infratech, Jaypee Infratech case, NBCC, Committee of Creditors, tax liability, industry news

Redmi Note 7S with 48-megapixel camera to launch in India on May 20

Redmi Note 7S will join the Redmi Note 7 and Redmi Note

Industry News

Appointment of RBI director to Yes Bank board may be precautionary: Macquarie

RBI move, it said, could be cautious and pre-emptive here. Also, the problems in Dhanlaxmi and LVB were far more serious; and RBI, in our view, appointed directors a bit late, whereas in Yes Bank they

RBI director, Yes Bank board, Macquarie, Dhanlaxmi Bank, Lakshmi Vilas Bank,  R Gandhi, latest news on Yes bank News

Will create transparent SOP to allocate Jet Airways’ foreign flying rights to airlines: P S Kharola

The central government, therefore, is planning to allocate Jet Airways' international flying rights to other airlines such as IndiGo, Air India, SpiceJet, GoAir and Vistara. Kharola said all airlines

Jet Airways, Jet Airways foreign flying rights, P S Kharola, Civil Aviation Secretary, SOP, Air India, SpiceJet, indigo News

Amazon squares up to Uber with backing for UK food app Deliveroo

Deliveroo founder and CEO Will Shu said the investment would enable the group to further expand its reach, develop its technology and pursue innovations such as the launch of its own kitchens that can

Amazon, Deliveroo founder, Uber Eats, Delivery Hero,, Amazon Pantry, Amazon Prime Now services News

Asus ZenFone 6 packs wild 48-megapixel camera on a flipping prop

Asus ZenFone 6 has two cameras that flip upwards to take selfies

Industry News

Baba Ramdev lashes out at Amazon; here’s what made Patanjali founder angry

Baba Ramdev has called out Amazon for listing products on its platform which feature pictures of Hindu gods.

Industry News
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