Firms/companies
Former foreign secretary S Jaishankar is now Tata Group’s corporate head
24 Apr 2018
In his new role S Jaishankar will be responsible for the Tata group’s global corporate affairs and international strategy development and Tata Sons’ international offices will report to him
Government proposes holding company for Air India post sale
23 Apr 2018
While a successful bidder will be allowed to bring synergy between Air India and the bidder’s own airline, it potentially excludes a merger of operations with a group's existing brands
TCS hits $100 bn in market cap, overtakes RIL as India’s most valuable firm
23 Apr 2018
The $100 billion figure is larger than the entire GDP of 128 countries and also more than the market capitalisation of all stocks on the Pakistan Stock Exchange, putting Tata Consultancy Services in league with Amazon and Facebook
SC allows Sahara to sell Aamby Valley in parts, sets 15 May deadline
20 Apr 2018
The apex court bench said if the Sahara group fails to sell its property by 15 May, it would proceed with the plan submitted by the Bombay HC liquidator to auction five land parcels it had identified
Procter & Gamble to buy the consumer health business of Merck KGaA for $4.2 bn
20 Apr 2018
As part of the deal, P&G will acquire a majority stake of 51.80 per cent stake in India listed drug firm Merck Ltd for Rs 1,289.88 crore and subsequently make a mandatory tender offer to minority shareholders
RIL-BP announce start of phase 2 KG D6 development
20 Apr 2018
The ‘Satellite cluster’ deep-water gas field is the second of three projects with a combined production capacity of 1 billion cubic feet per day of new production by 2022
TCS Q4 net rises 4.5% to Rs6,904 cr; revenue up 8.2% at Rs32,075 cr
20 Apr 2018
The company announced a final dividend of Rs29 per share, taking total EPS to around Rs137, and proposed a 1: 1 bonus issue of equity shares
Walmart, eBay to hold talks over Flipkart; SoftBank holding out
18 Apr 2018
Walmart might have to negotiate with eBay, which holds a 5 per cent stake in Flipkart, to thrash out merchandising issues. Meanwhile SoftBank, which owns 20 per cent of Flipkart, is said to be holding out for a better price
Infosys making small sacrifices for big gains in future, says CEO
18 Apr 2018
Salil Parekh said Infosys is investing heavily in advanced technologies, including cloud computing and the Internet of Things, that would open a potential market of $200 billion, but he said, the returns would take time to materialise
China's Fosun enters race for Fortis Healthcare with $350 mn offer
18 Apr 2018
Fosun said it will consider a primary infusion of up to Rs2,300 crore ($350 mn), with Rs100 crore flowing in within 45 days, once Fortis agrees to a one-month period of exclusivity for Fosun to undertake due diligence and negotiate a proposal to acquire stake in the company
Kotak Mahindra overtakes SBI as the second-most valuable bank by market cap
17 Apr 2018
Private-sector bank Kotak Mahindra Bank has overtaken SBI to become the country’s second-most valuable bank
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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