Firms/companies
Sachin Bansal likely to quit Flipkart if Walmart stake sale goes through
04 May 2018
While Binny Bansal is likely to sell about a tenth of his shares in Flipkart, it is not clear how much Sachin Bansal, who holds about 5.5 per cent stake in Flipkart, will sell
Truck startup Nikola sues Tesla for ‘infringing’ several patents
03 May 2018
Nikola Motor Company has filed a $2-billion lawsuit against Tesla claiming several patent infringements after Tesla sought to poach Nikola’s chief engineer
NCLT orders Binani lenders to consider UltraTech offer
03 May 2018
The tribunal pointed out that while the UltraTech offer was not legally binding, nothing prevented the CoC from accepting a superior bid from UltraTech, which offered Rs1,022 crore more to the lenders
With virtually no customers left, Cambridge Analytica shuts down
03 May 2018
Cambridge Analytica, the UK marketing analytics firm at the heart of the Facebook data scandal, shut down on Wednesday and will begin bankruptcy proceedings as it sees ‘no realistic alternative to placing the company into administration’
L&T selling off E&A unit to Schneider Electric for Rs14,000 cr
02 May 2018
The divestment of E&A business, the biggest for the company, is in line with L&T’s stated intent of unlocking value within the existing business portfolio
Idea introduces VoLTE in six states
02 May 2018
Divestment-bound Air India adding around 270 co-pilots: report
30 Apr 2018
Air India’s staff cost in 2016-17 was Rs2,841.48 crore, which translates to an average employee cost of Rs21 lakh per annum, and a current debt of over Rs50,000 crore
Kotak Mahindra Bank net up 15%
30 Apr 2018
HDFC reports 39% jump in Q4 net;
30 Apr 2018
SoftBank to ‘overachieve’ on its $10 bn Indian investment target: Son
30 Apr 2018
Chief executive Masayoshi Son plans to go with a local team for SoftBank’s $100-billion Vision Fund, and despite some bets like Snapdeal and Housing.com not paying, sees big opportunities in Indian portfolio firms such as Oyo Rooms
T-Mobile to acquire Sprint in $26-bn deal, create $146-bn 5G behemoth
30 Apr 2018
Compared to T-Mobile’s network today, the combined company’s network is expected to deliver 15 times faster speeds on average nationwide by 2024, with many customers experiencing up to 100 times faster speeds than early 4G
Walmart may get 3-4 seats on Flipkart board after stake purchase
30 Apr 2018
US retail giant Walmart, which is in negotiations for a large stake in Flipkart, may be given three or four seats on the ten-member board of the online retailer, which will continue to be run as an independent company if the deal goes through
Aditya Ghosh exits as IndiGo chief, Gregory Taylor in line for job
28 Apr 2018
IndiGo president and director Aditya Ghosh unexpectedly resigned as CEO of India's largest and most proftable airline, with Rahul Bhatia, the billionaire director of parent company InterGlobe Aviation Ltd, taking over as an interim CEO
Fortis to consider all binding bids till 1 May; Manipal gets extra leeway
28 Apr 2018
The Fortis Healthcare board will meet on 10 May to consider all binding bids till 1 May, while the frontrunner, the Manipal Health Enterprises-TPG combine, will be allowed to revise its offer till 6 May
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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