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Bharti Airtel to settle ownership row with Tanzania by paying $26.2 million
Business, Market News, Markets - June 12, 2019

Bharti Airtel to settle ownership row with Tanzania by paying $26.2 million

Bharti Airtel agreed to pay 60 billion shillings ($26.2 million) for the settlement of ownership disputes to Tanzanian government over a period of five years. Airtel connects millions of people all...
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AXISCADES Wins $1.2M Aircraft Cabin Interiors Contracts
Business, Market News, Markets - June 11, 2019

Jet plunges 14.8% after Hinduja Group and Etihad Airways reconsider investment

Jet Airways Ltd. was a day late and a dollar short in striking a negotiation with Hinduja Group and Etihad Airways. The debt-ridden airline was forced to terminate the flight...
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Larson & Toubro set to construct Navi Mumbai airport, likely to finish by mid 2020.
Business, Market News, Markets - June 11, 2019

Larson & Toubro set to construct Navi Mumbai airport, likely to finish by mid 2020.

Larson & Toubro is about to become a leading player in the airport construction segment. They have bagged the contract of Navi Mumbai International Airport. On 7th June 2019, the...
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Krishna Institute reported a net profit of Rs. 79 Cr.
Business, Market News, Markets - June 11, 2019

Mutual funds shed their exposure in NBFC sector by ₹67000 crores

As soon as the liquidity crisis was unfolded in the Non-banking Financial Service (NBFC) sector, numerous mutual funds, Provident funds, banks, etc resorted towards safeguarding their portfolios. Lenders initiated to...
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Shaman and Gaggar drag Jet Airways to NCLT
Business, Market News, Markets - June 11, 2019

Shaman wheels and Gaggar Enterprises drag Jet Airways to NCLT

It seems like there is no resurrection for debt-laden Jet Airways in the near future. The airline is going down the hill day by day with troubles not leaving their...
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Bank of Baroda to rationalise up to 900 branches post-merger
Business, Market News, Markets - June 9, 2019

Bank of Baroda to rationalize newly merged branches

On April 1, 2019, Bank of Baroda merged with Dena Bank & Vijaya Bank to become the third largest bank in India. Bank of Baroda is now next to State...
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Walmart’s Indian Bet: E-commerce and Sourcing Power Next Wave of Global Growth
Business, Markets - June 6, 2019

Flipkart finds itself in the discount soup. Sued by GOQii

Walmart operates in 27 countries and has the largest warehousing stores and retail corporations. Walmart began in Bentonville, Arkansas in the year 1960s. The retail chain started offering low priced...
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BRICS-backed bank plans first Indian rupee-denominated bond by end-March
Business, Economy, Market News, Markets - June 5, 2019

Will RBI give the liquidity push economy needs? 25 BPS cut on the cards.

Three times in a row, will the Reserve Bank of India (RBI) cut the rates once again? Probably yes. RBI is supposed to release the bi-monthly monetary policy on 6th...
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Sun Pharma Shares surge 5% as U.S. court clears Launch of key Autoimmune Drug
Business, Economy, Markets - June 5, 2019

US tags INDIA as developed nation, withdraws special status

Mr Trump’s growing list of trade frictions has added another name to it, that being India’s. The trade frictions ramped up by the weekend when the United States President Donald...
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Indian mobile companies bulldozed by Chinese counter parts
Business, Market News, Markets - June 5, 2019

Indian mobile companies bulldozed by Chinese counter parts

After the intrusion of Chinese manufacturers, the share of local mobile brands has been diminishing substantially in India since 2015. Indian handset manufacturer mainly focuses on the featured packed phones...
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