State-owned Qatar Airways and India’s largest budget carrier IndiGo are likely to put up a joint bid for ‘The Maharajah’.
Energy Efficiency Services or EESL's arm has acquired UK-based Edina Power Services. CNBC-TV18's Uttkarsh Chaturvedi caught up with Saurabh Kumar, MD of the company and asked him about the revenue contribution from this operation.
As underwriters of risks, bankers must share the blame, Uday Kotak .
The suspension comes after the firm came under fire for obtaining over 50 million Facebook profiles and allegedly using them to help President Donald Trump win elections.
Binani Cement's resolution professional alleged that the promoters diverted funds that affected the company's working capital provisions.
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
This week the President of India Ram Nath Kovind inaugurated the 2018 edition of the Festival of Innovation and Entrepreneurship. Organised by the Rashtrapati Bhavan in association with the National Innovation Foundation India and the department of science and technology, this initiative was set up to recognise innovations across the country. CNBC-TV18's Young Turks was on ground to bring quick highlights.
From the March 25, Indigo and Spicejet will collectively shift about 120 flights from Indira Gandhi International Airport's Terminal 1 in New Delhi, to Terminal 2. CNBC-TV18's Ashpreet Sethi and Ashmit Kumar tell how this will affect your travel plans, if you plan to fly with these airlines.
Besides, the group has also submitted a performance bank guarantee (PBG) of 10 per cent of upfront payment of its offer to the financial creditors of BCL, Dalmia Bharat Ltd said in an update filed to the exchanges.
"The Committee of Executive Directors of the bank at its meeting held today has approved the allotment of 40,000 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs 4000 crore on private placement basis," ICICI Bank said in a regulatory filing to stock exchanges.
Nilekani, who contested the last Lok Sabha polls on a Congress ticket, said banks were nationalised over five decades ago because they were focusing only on big industries and ignoring smaller ones. The 21 state-run banks had suffered reverses because of lending to large companies.
CNBC-TV18 learns that the lenders of Essar Steel are planning to meet tomorrow. Sources say that the creditors may once again invite bids from all players who had submitted expression of interest for the debt laden company, reports CNBC-TV18's Ritu Singh.
Kotak Mahindra bank's Uday Kotak doesn't expect privatization of public sector lenders -- but believes that going ahead there will be consolidation of PSU banks.
There is also a question of time slots that Indigo may end up losing if the cancellations continue. As per DGCA rules, slots allotted to an airline will be cancelled if the airline does not utilize them for a period of one month
The United States Food and Drug Administration (USFDA) had conducted a product specific pre-approval inspection at company's Goa plant in January 2018, Cipla said in a BSE filing.
The Switzerland-based shoe major, the parent company of Bata India, expects India to be number one in terms of turnover, surpassing Italy, by December 31 this year.
Called the 'Future Jobs Finder', the programme is an open online platform accessible to all youth for identifying their skills and matching them to digital jobs and trainings worldwide, the company said in a statement and claimed the initiative to be the largest of its kind in the world.
Several Ola and Uber cabs continued to remain off the roads for the second day in a row. Key demands remain higher earnings and incentives. CNBC-TV18's Priya Sheth takes a look at the online cab industry and how driver earnings have shaped up over the last few quarters.
Videocon is set to sell its 51 percent stake in general insurance arm, Liberty Videocon General Insurance. This was first reported by CNBC-TV18 on February 6. Videocon has informed the exchanges about the sale. Roopam Asthana, CEO, Liberty Videocon GIC discussed with Yash Jain about the latest happenings in his company and sector.
P&W, owned by United Technologies Corporation, will deliver two engines on Wednesday and the remaining within the next 40 days, said the source who did not want to identified.
Gada, whole time director of the company, has been re-designated as CEO and Chief Financial Officer (CFO) of the company, Shemaroo Entertainment said in a regulatory filing.
A meeting of the committee of board of directors will be held on March 20, 2018 to consider and approve the issue of NCDs, aggregating up to an amount of Rs 100 crore on private placement basis, Raymond said in a stock exchange filing.
"The company had submitted its bids to the Ministry of Road Transport and Highways through Public Works Department, National Highways, Maharashtra for the ...projects," Ashoka Buildcon said in a BSE filing.
Goods worth nearly Rs 890 crore, involving customs duty of around Rs 52 crore, may have been diverted by the SEZ-based units of the Nirav Modi Group to the domestic market.
Deal momentum for the month of February continues to remain positive. There were total 102 deals in M&A and private equity worth USD 3.2 billion which was 66 percent higher than the same period last year.