Faced with a severe liquidity crisis, grounded Jet Airways has informed employees that it will not be able to fund the premium of Group Mediclaim Policy and advised them to take the medical cover of their choice....
China-based smartphone maker Realme, that clocked seven per cent market share in India in the first quarter of 2019, is aiming to sell at least 15 million handsets in the country by the end of the year, the company's India CEO said on Monday. ...
As Jet Airways temporarily suspended its operations after its debt resolution plans hit a roadblock and lenders refused to disburse emergency funds, the airline joined a litany of Indian businesses that have gone belly up in the recent past or are on the brink of collapse....
The Supreme Court on Friday gave the RBI "one last opportunity" to disclose annual inspection reports of banks as it just stopped short of issuing a contempt notice against RBI Governor Shaktikanta Das, and ordered the Reserve Bank of India to disclose the wilful defaulters' list under the Right To Information Act....
The Ministry of Corporate Affairs is ready to strike against Deloitte Haskins and Sells in the murky IL&FS case. IANS learns that MCA has taken an aggressive view over malpractices by Deloitte over the last decade which has led to papering over the large cracks in its finances. Misrepresentation, cooking of books by auditors and malafide practices ...
Microsoft stock hit $1-trillion mark after the company announced impressive third-quarter results, riding on the success of its Azure Cloud as big enterprises moved to Azure infrastructure....
With Saudi Arabia looking to diversify its economy, India's new ambassador to the kingdom, Dr Ausaf Sayeed, believes this offers new opportunities for both the Indian industry and the workforce....
Twitter on Tuesday said its revenue jumped 18 per cent to $787 million in the first quarter of this year compared to last year, while its monthly active users went down to 330 million, a year-on-year drop of six million. ...
The Indian Banks Association (IBA) has submitted a memorandum to the Reserve Bank of India (RBI) on the resolution of stressed assets....
The Civil Aviation Ministry has asked domestic carriers to desist from raising fares on routes connecting far-flung areas, especially in the northeast, in the wake of the grounding of Jet Airways....
