Tata Capital to pick minority stake in Biocon Biologics for Rs 225 Crore
Private equity (PE) player Tata Capital is set to pick up a minority 0.85 per cent stake for $30 million in the biologics arm of biopharmaceutical major Biocon, the Bengaluru-based…
Great Eastern Shipping appoints Urjit Patel as additional director
Great Eastern Shipping Company Ltd on Thursday said its board has appointed former RBI Governor Urjit Patel as an additional and independent director for a term of five years. Patel…
Bharti Airtel posts ₹15,933 crore loss in Q1 on massive AGR-related provision
Bharti Airtel Ltd on Wednesday posted a consolidated net loss of ₹15,933 crore in the April-June quarter as the company undertook a massive ₹11,746 crore charge, primarily for incremental provision…
Infosys shareholders gain ₹50,000 crore in an hour as shares zoom to new high after 7 years
Better-than-expected earnings from IT major Infosys pushed its shares to a record high, adding about ₹50,000 crore to its investors' wealth in the first hour of trade on BSE. Infosys…
Air India to send some employees on leave without pay for upto five years
State-owned airline Air India has started on a cost cutting drive and will send around 600 employees on furlough. This is the first time the public sector company has taken…
Reliance AGM 2020: Mukesh Ambani announced its mixed reality platform “Jio Glass”
Mukesh Ambani-owned Jio Platforms on Wednesday announced its mixed-reality platform Jio Glass at the Reliance Industries annual general meeting 2020. you could connect the Jio Glass with your smartphone using…
Reliance Jio come together with Vodafone Idea to defeat TRAI order
Mukesh Ambani’s Reliance Jio Infocomm Ltd has filed an application in Telecommunications Dispute Settlement and Appellate Tribunal ( TDSAT) seeking to become a party in the matter of Vodafone Idea…
Walmart will invest $1.2 billion in Flipkart
Walmart, the world's largest retailer, is increasing its stake in Flipkart by investing an additional $1.2 billion in the Indian e-commerce firm. The fresh equity round from Walmart, which bought…
Income earned and directly received outside India now not taxable for RNORs
Effective financial year (FY) 2020-21, two new conditions have been added to determine residential status in India. The new conditions impact the residential status in India for an individual who…
Google plans to invest ₹75,000 crore in India to boost digital economy
Technology giant Google has announced that it plans to invest over ₹75,000 crore($10 billion) in India over a period of 5-7 years. Google and Alphabet CEO Sundar Pichai made the…
