Facebook restricts Live feature, citing New Zealand shooting

Facebook said in a statement it was introducing a "one-strike" policy for use of Facebook Live, temporarily restricting access for people who have faced disciplinary action for breaking the company's

Facebook, Facebook restricts Live feature, New Zealand shooting, Mark Zuckerberg, Facebook Live, Jacinda Ardern, Emmanuel Macron, tech news

Revival under cloud: Slots gone, Jet CEO & CFO move on

Following the majority of Jet Airways’ slots being given to other airlines, the carrier's CEO Vinay Dube and deputy CEO-cum-CFO Amit Agarwal resigned on Tuesday.

Jet's revival has become uncertain with Etihad only putting a letter of interest instead of a bid. (Reuters File photo) News

Insolvency: JIL’s CoC to vote on revised bid of NBCC

The committee of creditors (CoC) of the bankrupt Jaypee Infratech (JIL) on Tuesday decided to vote on the revised offer of NBCC as more than 20,000 homebuyers favoured the voting process for the state

The two-member NCLAT bench headed by chairman Justice SJ Mukhopadhaya also warned banks that they would get “zero rupees” if the process is stalled. News

Essar Steel case: NCLAT raps Ruias, asks why so late

The bankrupt firm’s promoters had last week moved the appellate tribunal, alleging that Arcelor’s promoter had links with NPA firms.

A two-member bench led by chairman SJ Mukhopadhyay asked the petitioner, Essar Steel Asia Holdings (ESAHL), why it has chosen to intervene at this stage. (File photo) News

Airtel phases out postpaid plans below Rs 499, reduces data limits in some prepaid plans

For instance, for its post-paid users, who comprise only 5% of the total user base, Bharti has decided to gradually phase out plans with monthly rentals of less than Rs 499. Overall, it will now have

In the Rs 499 plan, users will get 75 GB data, in the Rs 749 plan, 125 GB, along with two family add-ons which include one regular SIM and one data add-on. News

Turbulence continues: Jet Airways CEO and CFO resign effective immediately

Developments come days after Etihad offered only to reinvest its minority stake in the carrier, subject to multiple conditions.

Amit Agarwal, deputy CEO and CFO and Vinay Dube, CEO News

Spicejet, Indigo bag half of Jet Airways’ slots allotted so far

Low-cost carriers SpiceJet and IndiGo have bagged more than half of Jet Airways’ vacant slots alloted so far as the hope for the grounded airline’s revival diminishes with each passing day.

The ministry of civil aviation has granted 479 landing and take-off slots so far. Of these, SpiceJet got 130 and IndiGo was given 127 slots. News

Vodafone Idea to do away with all low Arpu subscribers by May end

According to the company’s management, the telco rolled out the minimum recharge plan for most of the country in December, however, certain set of customers in some markets may not have come into th

Vodafone Idea to do away with all low Arpu subscribers by May end News

Oracle, well on-course to be leader in SaaS in India

Oracle is observing a substantial y-o-y growth in its Software as a Service (SaaS) revenues, making India one of the significant contributors to the Asia Pacific (APAC) revenues for Oracle.

Prasad Rai, head and VP, SaaS, Oracle India News

Analyst corner: SBI to outperform from current levels – Axis Capital

Q4 operating profit (Rs 169.3 bn; up 7% y-o-y) was higher than expected, but PAT (Rs 8.3 bn vs. estimate of `39.1 bn) was significantly below expectations, primarily on higher provisions.

SBI to outperform from current levels (Reuters File photo) News

UCO Bank narrows Q4 net loss to Rs 1,552.02 crore

Uco Bank on Tuesday reported narrowing of its net loss to Rs 1,552.02 crore for the quarter ended March 31, 2019, against a net loss of Rs 2,134.36 crore for the same period a year ago, with rising op

UCO Bank narrows Q4 net loss to Rs 1,552.02 crore News

Union Bank posts Rs 3,369 crore Q4 loss on high provisions

Public-sector lender Union Bank of India on Tuesday reported a net loss of Rs 3,369 crore in the March quarter of FY19, owing to a high provisioning burden of Rs 5,766 crore.

Union Bank posts Rs 3,369 crore Q4 loss on high provisions (PTI File photo) News

Slow income growth impending deposit growth: RBI study

Decelerating income growth is the most important among the factors responsible for the slowdown in deposit mobilisation of the banking system, the Reserve Bank of India (RBI), in its recent study, sai

Slow income growth impending deposit growth: RBI study (Representative image) News

Emergency funding: Lenders to Era Infra likely to meet later this week

Bankers to discuss interim financing to help keep the company a going-concern and to fund litigation costs for arbitration claims against customers

Era Infra’s major business divisions include the engineering, procurement and construction (EPC) business along with equipment management News

Emirates plans for Kerala put on hold due to Lok Sabha elections

Emirates is an active aviation player in South Indian airports with multiple flights everyday in Chennai, Bengaluru, Hyderabad, Kochi and Thiruvananthapuram.

Sources in Calicut Airport told FE that Emirates delegation was positive about having operations in Calicut too News

Antitrust case: Indian pharma firms to defend price fixing charges in US lawsuit

The lawsuit is about collusion in inflating prices of widely-prescribed generic medicines and names 21 generic drug manufacturers as conspirators in the price-fixing scheme.

The antitrust case was first filed in December 2016 by the Attorney General of Connecticut along with the Attorneys’ General of various other US states filing a lawsuit in the Federal Court alleging that seven Indian generic firms in the US, along with few other companies, had violated antitrust laws by fixing prices and allocating customers. News

Royal Enfield banks on exports as domestic demand slows

The company’s latest plan assumes significance as volume growth in India has been under pressure since November last year, owing to higher insurance premiums and costlier finance.

Eicher Motors MD Siddhartha Lal News

Nestle profit surges 9.2% to Rs 463 crore; brands like Maggi, Kitkat and Munch deliver strong performances

Fast-moving consumer goods major Nestlé India, on Tuesday reported 9.2% y-o-y increase in its net profit at Rs 463.3 crore for the quarter ended March 31 2019 from Rs 424 crore in the year-ago quarte

Nestlé profit surges 9.2% to Rs 463 cr News

We’re looking at Europe, US for inorganic growth to be No. 2 player globally: Jairam Varadaraj, MD, ELGi Equipments | INTERVIEW

The over Rs 1,600-crore India’s leading air compressor company ELGi Equipments is betting big on the global markets, particularly the European region, to become No. 2 company in the $15-billion air

Jairam Varadaraj, MD, ELGi Equipments News

Maharashtra sugar millers seek long-term pacts with OMCs for ethanol

Sugar millers in Maharashtra have sought the intervention of the Niti Aayog to ensure long term purchase agreements with Oil Marketing Companies (OMCs) on the lines of power purchase agreements with t

Maharashtra sugar millers seek long-term pacts with OMCs for ethanol News

Gujarat diamond industry facing large-scale job issues

Sluggish global demand, coupled with bankruptcy of a few firms, have resulted in large-scale unemployment in the diamond industry in Gujarat, especially in and around Surat.

There are over 20,000 diamond units functioning across Gujarat, employing nearly 18 to 20 lakh workers. News

Co-working spaces are the new tech hotspots, India leading the growth

India is leading the growth of flexible office spaces across Asia-Pacific.

Sudeep Singh, chief evangelist & CEO, GoWork News

Sqqrl: Fintech startup helping individuals make money on the tiny savings

Offering goal-based investments and customised portfolios, this fintech startup helps individuals make money on the tiny savings.

Every time an individual spends money, the amount is rounded up to the next Rs 100 and the difference is invested. If she goes for a coffee and the bill is Rs 282, Rs 18 is saved. This money is then invested in liquid funds. — Samant Sikka, co-founder, Sqrrl News

Sebi told Fortis Healthcare to recover Rs 403 cr from Singh brothers, company tells HC

Daiichi moved the high court seeking execution of the Rs 3,500 crore a Singapore tribunal's arbitral award won by it in April 2016.

Industry News

OnePlus 7 Pro with Fluid AMOLED display, triple rear cameras launched: Price, offers, specs, features

OnePlus 7 Pro and OnePlus 7 have been officially launched in India

Industry News

Vodafone Idea lags Airtel, Jio in sequential revenue growth in Q4: Analysts

On Monday, Vodafone Idea posted consolidated loss of Rs 4,881.9 crore for the fourth quarter ended March 31, 2019

airtel, vodafone idea, reliance jio, reliance, jio News

Vodafone Idea board clears merger of 2 subsidiaries with parent

Idea Telesystems is primarily engaged in the business of wholesale trading of data cards, while Vodafone India Digital is a non-operating company.

Industry News
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