Jet Airways shareholders approve bailout plan

UK drops corruption probe against Rolls-Royce in India, other countries

Rolls-Royce had become embroiled in allegations of bribery and corruption to win business in seven countries, including India, Indonesia, Thailand, Russia, Nigeria, China and Malaysia.

Adani Green Energy arm bags tender to set up solar power project in Gujarat

Project is expected to be commissioned by Q3 FY 2021

RIL arm to invest ₹550 cr in 3 early stage software cos

RIIHL will make investments in Surajya Services Pvt Ltd, SankhyaSutra Labs Pvt Ltd and Reverie Language Technologies Pvt Ltd.

Go bold or go home: The need for a cloud-based ERP model

GST: A perfect tool for SME growth

Numaligarh Refinery Limited inks MoU with IIT Guwahati for startup incubation

Curious case of Uri’s box office run; Oscars 2019 kept entertainment quotient high this week

It has been 40 days since Uri: The Surgical Strike released but it is still enjoying an uninterrupted run -- an usual scenario especially for a mid-budget film.

Decoding Indian aviation: Sector needs immediate supply correction, feel experts

While DGCA reasoned that the slow pace was due to a 'lean tourist period', sector watchers say it is a 'self-inflicted' pain for the industry

Aequs arm bags Over Wing Doors order for Airbus A321neo

Aerostructures Assemblies India (AAI), a joint venture between Aequs Aerospace and Saab AB (publ), has baged a contract from Saab Aerostructures to m

Feet on the street: The golden rule of Microfinance

Skilling Small and Medium Enterprises to conquer the world of online selling

Picking the new ‘shifting moments of truth’

MF wrap: Equity fund folio helps add 6.62 lakh investor accounts in January; gold ETFs hit

Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts

The Moneycontrol Show | Life insurance, strategic petroleum reserves and market strategies

Kshitij Anand, Market Editor, Moneycontrol wraps the stock market action of the week for us and also shares a heads-up on the cues to watch out for in the coming week.

This week in Auto: Two-wheeler companies struggle with high inventory; electric three-wheelers make a beeline

Here is the complete look at what created news in the auto space this week.

Lesson for marketers? Embrace polarisation

India among five fastest-growing nations for Airbnb: Nathan Blecharczyk, Cofounder

GVFL makes Series A funding in defence tech startup, Optimized Electrotech

Trump says he's inclined to extend China trade deadline and meet Xi soon

President Donald Trump said on Friday there was 'a very good chance' the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping.

A standard product for different insurance categories is need of the hour

Simple and standard products across different insurance segments is necessary

From sixth richest in the world to possible arrest: The fall of Anil Ambani

The court's decision comes after a tough year for Ambani, as parts of his empire saw losses and competition in India's telecommunications market became increasingly brutal

Zomato delists 5,000 restaurants in Feb for failing to meet hygiene standards

OYO forays into Japan with a housing rental service

SilverPush raises $5 million in Series B from FreakOut Holdings

New York governor orders probe into Facebook access to data from other apps

New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data.

Citgo Petroleum confirms new board, begins CEO search: statement

U.

Fed's policy pause sets stage for broad overhaul

When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to U.

Modi government may use Mudra, instead of NSSO data, to get its job math right

Kick-starting your venture? Here is a startup 101 guide

Canada's Barrick considers buyout of rival Newmont Mining

Canada's Barrick Gold Corp said on Friday it considered making an all-stock bid for U.

Twitter co-founder Evan Williams steps down from board

Twitter Inc said on Friday one of its co-founders, Evan Williams, will be stepping down as a member of its board at the end of the month.

Global Markets: U.S.-China trade hopes lift stocks; oil hits three-month high

Stocks rose in major markets across the world on Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.

U.S. seeks to recover $38 million in assets from 1MDB case

The U.

Trump says could include Huawei and ZTE in trade deal

U.

Trump's economy 'a little under' three percent growth goal: Fed

The Trump administration will fall 'a little under' its target of 3 percent annual growth of gross domestic product for 2018, the Federal Reserve said Friday in a report that offers an economic scorecard of sorts for the first full year of President Donald Trump's term.

Adani group eyes new venture as it joins race for six AAI airports

Airport players say they are expecting the Adanis to make aggressive bids for the six airports

Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs

Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.

A Fed pivot, born of volatility, missteps, and new economic reality

The Federal Reserve's promise in January to be 'patient' about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.

Gold eyes second weekly gain as focus shifts to growth fears

Gold rose on Friday enroute to a second weekly gain as the dollar was subdued by weak U.

Kraft Heinz shares fall 28 percent after writedown, dividend cut

Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats.

Buffett's Berkshire Hathaway in talks to sell workers comp unit: sources

Warren Buffett's Berkshire Hathaway Inc is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday.

MCA seeks more details from companies to put a check on shell firms

Experts say the move would increase the compliance burden on companies and be good for the economy in the long run

Big-size, contiguous spectrum essential for 5G services, says Trai

While larger block size is beneficial for improving mobile broadband experience and the spectrum efficiency of networks, smaller block size provides greater flexibility, says Trai

GMR, GVK, Doit Smart Infra file bids for Bhogapuram airport project in AP

These three firms are among the seven applicants short-listed for participating in the process

Jet Airways shareholders give consent to debt-equity conversion

Jet Airways is facing a cash crunch, leading to delayed salary disbursements and vendor payments

Jet Airways lenders considering interim funding of ₹500 crore: PNB MD

The lenders is looking at interim funding, but a final decision is yet to be taken, says PNB MD Sunil MehtaThe results of shareholder voting on Jet Airways bailout plan will be released on Saturday

OYO forms JV with Yahoo to foray into housing rental market in Japan

The firm has planned major expansion in Southeast Asia and China and is planning to invest more than $100 million in Indonesia

ICICI Bank case: CBI issues lookout notice against Chanda Kochhar

The move ensures Chanda Kochhar, her husband Deepak Kochhar, and Venugopal Dhoot can't leave IndiaChanda Kochhar, Deepak Kochhar and Venugopal Dhoot are being investigated in the ICICI Bank-Videocon loan case

After protests, Google will stop making staff waive class action rights

Google stopped so-called forced arbitration in cases of sexual harassment and assault last year after 20,000 workers walked out to oppose how the search giant handles internal complaints

India taking several steps to reduce dependence on imports of API

Domestic drug manufacturers has seen a sharp spike in the prices of these raw materials after the Chinese government shut down many API producing plants owing to environmental concerns

Shriram Transport to raise Rs 5k cr in Q4 by securitisation of loans

Securitisation is the process of conversion of a loan into marketable securities for raising cash by selling them to other investors

NTPC pays Rs2,952 crore interim dividend

The dividend is 35.

Jet Airways gets shareholders nod for resolution plan

The approval was important to take forward the rescue plan for the airline, which has defaulted on loan repayments and further faces a stiff payment schedule.

Airbus sees market for widebody jets at Indian budget carriers

India is the world's fastest-growing market for air travelAs profits slumped amid high oil prices, IndiGo and SpiceJet placed their plans to order widebody jets on hold

Mytra’s collaboration with Walmart Canada opens new vistas for apparel companies

Ethnic brands to be sold at Walmart’s brick-and-mortar stores in Canada

DLF’s new residential business model: Ready-to-move-in flats

Garima Singh

Not getting enough women for leadership roles, says Kiran Mazumdar Shaw

Biocon chairperson Kiran Mazumdar Shaw has lamented that she is struggling to find enough women to play leadership roles, even though there is a sig

Markets@Moneycontrol | Markets cover up losses

Kshitij Anand, Markets Editor at Moneycontrol wraps the weekly market action and shares the cues to watch out for next week.

Oyo Hotels launches operations in Japan, announces JV with Yahoo

Oyo Life aims to enter the housing rental segment in JapanThe JV uses Yahoo’s marketing and distribution capabilities

EESL to launch Super-Efficient Air Conditioning programme

Partners with BSES Rajdhani Power Limited

Binny Bansal-backed 021 Capital invests in legal tech startup SpotDraft

In the pre-series A funding, SpotDraft has raised $1.

‘Ensure bid norms prevent iron ore hoarding’

Steel companies have urged the Centre to tighten the eligibility criteria for iron ore and other minerals bidding to ensure that companies with less

NIIT Technologies increases talent hiring on low-cost nearshore facilities

Nearshore facilities are those which are located low-cost international locations.

Politics will decide the fate of Ratnagiri refinery

Silver lining is that oil companies from West Asia are clearly bullish on India

Canadian OMERS Infrastructure acquires 22.4% stake in IndInfravit Trust

OMERS Infrastructure has acquired a 22.

ED questioning former top officials of ILFS; puts overseas firms under scanner

The former group chief Financial officer Maharudra Wagle was the first to be questioned on February 22.

Delhi HC sets aside govt ban on Lupin's anti-diabetic drug Gluconorm-30

Government had in 2018 banned Lupin's anti-diabetic drug Gluconorm-30, used to control diabetes

BFSI leading recruiter for rural, agri managers; pay packages also rise

At XSR-M, the highest offer this year was Rs 15 lakh per annum to seven students.

Govt asks companies to furnish photographs, geographical details of offices

Besides opting for geo-tagging rules, the Corporate Affairs Ministry has decided to seek details about companies' auditors and key managerial personnel

Twitter CEO Jack Dorsey won't appear before House panel on February 25

The company will send its head of public policy Colin Crowell instead of Jack DorseyOn February 11, the committee had refused to meet junior officials from Twitter's India office, sources said

Canada's OMERS Infrastructure picks 22.4% stake in IndInfravit Trust

OMERS' investment in the infrastructure investment trust (InVIT) marks the fund's first infrastructure investment in India

Nalco to bank on new biz model, eyes over Rs 2000 cr net profit by FY 2020

Achievements give motivation and purpose gives objectivity to any organization, the Nalco chairman said

Canadian fund Omers picks up 22.4% in L&T arm for ₹ 870 cr

Canadian fund Omers Infrastructure has acquired a 22.

Zomato removes over 5,000 restaurants in Feb for failing hygiene standards

Zomato, along with the Food Safety and Standards Authority of India (FSSAI), is conducting audit of all restaurants listed on the platform

Banks' consortium considering Rs 500 cr interim funding to Jet Airways: PNB

PNB is part of the lenders' consortium, which is led by State Bank of India (SBI), that has given loans to Jet Airways.

Alibaba CEO rules out layoffs this year

When the economy is bad, the biggest advantage for online platforms is to create jobs, said Alibaba CEOEarlier, Alibaba cut its full-year revenue forecast to between 375 billion yuan and 383 billion yuan

Uber Eats close to selling Indian food delivery business to Swiggy: Report

The share-swap deal is expected to close by next month and will give Uber a 10% stake in Swiggy, according to a reportSwiggy is currently leading discussions but rival Zomato is still in the race for a share-swap deal, another report said

Aluminium makers fret as scrap imports close in on domestic sales

Between April and December of this fiscal, scrap imports touched 1,001 tonnes, steadily narrowing the gap with sales of 1,191 tonnes by domestic manufacturers

OYO to enter housing rental segment in Japan; forms JV with Yahoo Japan

Hospitality firm OYO Friday said it has entered into a joint venture (JV) with Yahoo Japan Corporation to make a foray into the housing rental market in Japan, targeting the young population.

Vistara, Japan Airlines to code-share flights from February 28

Vistara already has similar tie-ups with British Airways, Singapore Airlines and its subsidiary and SilkAir

NTPC pays ₹2,951.88 cr interim dividend for 2018-2019

NTPC Ltd has paid an interim dividend of ₹ 2,951.

Tea Board to do surprise checks, raid sellers to flush out spurious produce

Tea sold below Rs 60 a kg to trigger suprise checks, sample to be sent for testing at FSSAI; sub-standard produce to seized and destroyed

Daimler, BMW to invest more than 1 billion euros in mobility services

Daimler, BMW to invest more than 1 billion euros in mobility services

Google to stop forced arbitration for employees

The latest decision victory for Google employees who’ve been organizing on several frontsLabor advocates hailed Google’s move, 'This is a major step forward.

Musk's SpaceX Falcon 9 rocket lifts off carrying three payloads

Elon Musk’s Space Exploration Technologies Corp.

Grofers narrowed losses to ₹258.3 crore in FY18

Grofers' income was higher by 57.

Ford India launches updated 2019 edition of SUV Endeavour at Rs 28.19 lakh

The updated Endeavour has new design 18-inch alloy wheels along with eight-way power adjustable driver and front passenger seat for superior comfort

SpotDraft raises $1.5-mn funding led by Binny Bansal-backed 021 Capital

Using AI and machine learning to automate contract management, it identifies key clauses and legal information from contracts and compares them to internal legal standards to point out various details

Don't release autobiography till Mar 13: HC to Raymond's Vijaypat Singhania

The bench was hearing an application filed by Singhania seeking the transfer of a suit filed against him in the Thane District Court by Raymond

USFDA completes Shreveport plant audit with zero observations: Dr Reddy's

Shares of Dr Reddy's Laboratories were trading at Rs 2,640 per scrip on BSE, up 2.

Uber Eats may sell Indian biz to Swiggy by March, keep 10% stake: Report

Swiggy is currently leading discussions but rival Zomato is still in the race for a share-swap deal

GMR, Terna sign agreement for new airport in Greece; to invest 500 mn euros

The concession agreement is for design, construction, financing, operation and maintenance of new international airport of Heraklion at Crete

Videocon loan row: CBI lookout circulars against Chanda Kochhar and husband

Earlier this month, ED had registered a money laundering criminal case against Chanda Kochhar, her husband, Videocon's Venugopal Dhoot, and others

Jet Airways shareholders said to have approved bailout plan

A large majority of shareholders at Jet Airways' EGM approved the bailout plan in personThe Jet Airways bailout plan will see conversion of the airline's debt into equity in favour of lenders

Oyo Rooms may join the food fight with FreshMenu stake

 Lightspeed Venture Partners, a common investor in Oyo and FreshMenu, plays key role in initiating deal talksOyo is said to be building a food team, which will help FreshMenu expand to more cities under the brand name of Oyo

India is Blackstone's best bet: COO Jonathan Gray

In conversation with Blackstone Group COO Jonathan Gray about the private equity firm's India playGray, also Blackstone's president, also spoke on the themes that will drive investment activity in the coming years

To cut  costs,  free up cash, startups take to renting

Rental model gaining traction as expenses are down by almost 40%, say some firmsApple’s high-end laptops and phones far outdo the demand for any other kind of products among startups

Piramal Enterprises to launch extensions for Saridon after SC lifts ban

Piramal Enterprises executive director Nandini Piramal says the removal of ban allows them to invest more in the brandSupreme Court allows Piramal Healthcare to continue manufacturing, distribution and sale of Saridon

Titan looks to double jewellery market share over next 4 years

Wedding jewellery, a focus area for Titan, will be a key driver for the firm to reach its market share goalVenkataraman says the firm expect Tanishq to achieve 21.

Upgraded Tejas may take flight in 3 years after govt nod, says HAL MD

Orders for the LCA will likely help HAL deflect the negative publicity it has attracted in political slugfestThe announcement of the Mk-1A version of Tejas came a day after the much-delayed project received its final operational clearance

Indian content startups feel the heat as Helo, TikTok gain traction

The entry of Chinese content startups turn early-stage investors cautious on Indian appsDeep pockets and deeper tech give Chinese apps, such as Helo and TikTok, the edge in content space

Reliance Capital invites Nippon Life to buy 43% stake in its MF business

The proposal to divest its entire holding in the mutual fund arm comes at a time when the group is under severe stress due to its huge debt pile and pressure from lenders

Tata Starbucks plans to improve sales, cut losses: CEO Navin Gurnaney

CEO Navin Gurnaney said the focus for the firm was on 'unit economics'

Govt harnessing Big Data, AI for policy push, says Nandan Nilekani

Addressing India Inc, Nilekani also warned of a major requirement of change in attitude to cope with transformations currently underway in most sectors