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Diageo may not be able to recover $135mn loan from Vijay Mallya firm Diageo may not be able to recover $135mn loan from Vijay Mallya firm The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.
RIL tests presence of natural gas in contentious discoveries RIL tests presence of natural gas in contentious discoveries RIL last week completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that established presence of hydrocarbon, sources privy to the development said.
Air India's wage bill to go up by Rs 100 crore following fresh hiring Air India's wage bill to go up by Rs 100 crore following fresh hiring Besides, promotions across segments and hike in Dearness Allowance are likely to be other contributing factors in the increased staff cost, which is pegged at Rs 3,200 crore for the period ending March 31 next year.
Snapdeal to invest $100-mn in Shopo Snapdeal to invest $100-mn in Shopo Launched in July, Shopo is a mobile-only platform, which aims to bring small and medium businesses (SMBs) that cannot register on bigger e-commerce portals.
Idea seeks shareholders nod for raising up to Rs 10,000 crore Idea seeks shareholders nod for raising up to Rs 10,000 crore Idea Cellular is seeking shareholders nod to raise up to Rs 10,000 crore through issue of non-convertible securities on private placement basis in one or more tranches.
Sergey Savchenko to be new MTS India CEO, Dmitry Shukov quits Sergey Savchenko to be new MTS India CEO, Dmitry Shukov quits New Delhi: Telecom services provider Sistema Shyam Teleservices CEO Dmitry Shukov has resigned from the company and its Chief Financial Officer Sergey Savchenko will take the charge from next week. In an e-mail sent to employees of SSTL, which operates under MTS brand name, Shukov said, "I would like to share with you that I would be moving out of MTS India, effective September 7, 2015. My immediate plan is to go back to Moscow and be with my family." "I would then proceed to a new country to take up my new role," he added. Shukov, however, did not share details about his new job. Russian conglomerate Sistema JSFC has majority stake in SSTL. Shukov, has been heading SSTL's operation since June 2013. The company provides services in Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West), West Bengal and Rajasthan. The resignation comes at a time when there are discussions between the company and Reliance Communications for a possible merger. "Nothing special should be read into this development as this is a personal call which I have taken," Shukov said. SSTL under Shukov turned OIBDA (Operating Income before Depreciation and Amortisation) positive across six of nine telecom circles where it operates.
Suzlon seeks shareholders nod to raise Rs 5,000 cr Suzlon seeks shareholders nod to raise Rs 5,000 cr Wind turbine manufacturer Suzlon Energy's board has sought shareholders' approval to raise up to Rs 5,000 crore through the issue of securities.
GE keen to strengthen partnership with India GE keen to strengthen partnership with India GE on Friday said it is keen to further strengthen its partnership with India and has doubled its investment in the country over the last five years.
Fresh trouble for Sahara Group; SC seeks reply on I-T return notice Fresh trouble for Sahara Group; SC seeks reply on I-T return notice In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.
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