The line of credit was provided to ensure that Yes Bank is able to “meet its obligations to depositors”
A senior executive, in a letter, told the pilots to differentiate "what is primary and what could be secondary" and they would automatically give up "trivial issues that are taking priority over flight operations if they don't get the salary for a month"
The national carrier, which is working on ways to improve its financial position, has already started exploring various options for having a university, airline officials said.
Government-run Air India has put into operations its newly leased Airbus A320 Neo with its maiden flight arriving here from New Delhi.
Engineering firm Tube Investments of India (TII) today reported a 67.39 percent jump in standalone net profit to Rs 27.47 crore for the third quarter ended December 31, 2016.
Jet Airways today posted a nearly 70 per cent fall in its third quarter net profit at Rs 142.38 crore as steep rise in fuel costs and other expenses took a toll on its bottom-line.
India Post Payments Bank (IPPB) today kicked off its operations by rolling out pilot services in Raipur and Ranchi.
Income from operations rose by 9 per cent to Rs 1,540.27 crore during July-September period of 2016-17 fiscal from Rs 1,416.03 crore in the corresponding period of the previous year.
RattanIndia Power Ltd's standalone net loss narrowed to Rs 50.7 crore for the quarter ended September 30, 2016.
Realty firm Parsvnath Developers Ltd today reported Rs 6.21 crore standalone net loss during the second quarter of the current fiscal.
Auto components maker Bosch Ltd today said it has received an order from the Rajasthan State Pollution Control Board keeping in abeyance for three weeks, up to December 17, a notice to close its Jaipur plant.
German conglomerate ThyssenKrupp believes that slapping anti-dumping duty on import of silicon steel, a raw material used for making specialised electrical steel, can impact the engineering giant's expansion plans in the country.
Uber, which counts India as its third largest market in terms of number of trips after the US and China, currently has about 350 people at its Hyderabad facility handling rider and driver support.
Country's largest IT services firm Tata Consultancy Services (TCS) said its Non-Executive Director Phiroz Vandrevala resigned from the company with immediate effect from July 8
Sequoia Capital led the round with participation from Times Internet, Seedfund, Beenos, Beenext, Parkwood Bespin, Tancom Investments and Kunal Shah, it said in a statement today.
SpiceJet's net profit more than tripled to Rs 73.19 crore in the three months to March as higher income from operations helped the no-frills carrier remain profitable for the fifth straight quarter
Cosmo Films expects to continue with its performance rate in the coming quarters, says Pankaj Poddar, CEO of the company. The stock has rallied close to 250 percent in FY16.
Speaking to CNBC-TV18, Jaiveer Srivastava, Chairman & MD of FACT says the loan will help the company reduce its borrowings as well as improving its working capital.
In a statement here, the second largest budget carrier said it will add 10 new daily frequencies on its domestic network on some popular routes like Chennai-Kochi, Bangalore-Vijayawada and Hyderabad-Vijayawada among others.
Norwegian telecom operator Telenor is looking to commence operations of its payments bank JV in India this year and will roll out some basic services like bill payments a bit earlier.
Startup Village, India's first PPP technology business incubator, had also taken inputs for Phase II expansion based on an independent third party audit by Prof Rakesh Basant, who teaches economics at IIM Ahmedabad.
Hyundai's Chennai plant has a capacity to produce around 6.8 lakh vehicles annually. Ford India too has suspended operations at its Chennai plant.
Kamal Baheti, CFO of McLeod Russel says increase in prices will not boost profitability in the current fiscal.
Net profit for the six-month period ending September 30, grew to Rs 2.22 crore from Rs 1.08 crore registered during the same period last year.
The decline in profit was on account of a more than 100 percent increase in depreciation, resulting mainly from commissioning of the company's Kanpur-Kabrai BOT project, it said.