Archive for Industry
Ratan Tata backs yet another startup
MUMBAI: Ratan Tata has invested an undisclosed amount in Bengaluru-based startup intelligence platform Tracxn. With this investment, Tracxn will join the list of nearly two dozen startups and tech companies…
Jet Airways CEO Cramer Ball quits
NEW DELHI: Jet Airways' churning of top management has restarted after a brief lull. On Thursday, the airline announced that Cramer Ball has resigned and will not be its CEO…
Tata Trusts ties up with Khan Academy for free online education
Mumbai - Tata Trusts on Sunday announced it will be supporting US-based non-profit Khan Academy to provide free online education to Indians through one of the biggest open-access online platforms.…
Air India launches first direct flight to Silicon Valley
San Francisco: Air India's first non-stop flight from New Delhi to San Francisco has landed here amid rousing welcome, becoming the first Indian airline to provide a direct air connection…
SBI, with Rs 1600 cr loan to Kingfisher Air, finally tags Vijay Mallya wilful defaulter
Mumbai - After a protracted legal battle, State Bank of India has declared industrialist Vijay Mallya a ‘wilful defaulter’ for defaults on nearly Rs 7,000 crore loans to the long-grounded…
Fitch puts telecom sector on negative outlook ahead of Reliance Jio
Fitch Ratings today slashed the telecom sector outlook to ‘negative’ from ‘stable’ for 2016 and said the impending entry of Reliance Jio will increase the competition and pressurise credit profiles…
Ola acquires multi-year licence of MapmyIndia for better navigation
Taxi aggregator Ola on Thursday announced its partnership with MapmyIndia by acquiring a multi-year licence. "Through this partnership, Ola will get complete access to mapping data from MapmyIndia, which has…
Reliance MF to acquire Goldman Sachs India MF biz for Rs 243 crore
MUMBAI: In its first ever acquisition, Reliance Capital Asset Management (RCAM) on Wednesday announced takeover of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore in…
Honda, General Motors to Jointly Develop Driverless Cars
Japanese automobile manufacturer Honda Motor wants to widen its collaboration with the American auto major General Motors (GM) to jointly develop driverless cars. The companies are already collaborating on developing…
Tata Housing Plans to Sell Homes in Goa Through Facebook
Tata Housing has launched a social sell initiative as per which the company will be selling homes through Facebook in Goa. A total of 250 units will be made available…
Air India’s new boss seeks to tackle employee issues to make airline better
New Delhi/Singapore: Air India's new chief is betting an 'open door' policy will help defuse years of soured relations with the flag carrier's more than 20,000 staff, paving the way…
ONGC gas worth Rs 9000 crore may have flown to RIL
US-based consultant DeGolyer and MacNaughton (D&M) has, in a draft report submitted to the petroleum ministry stated that, at least, 9 billion cubic meters of natural gas valued at around…