Rolls-Royce Holdings is planning to fire about 8,000 employees during the pandemic COVID-19 crisis which has been badly hit the aviation industry. Discussions with labour unions are on and the aircraft engine maker plans to announce the decision by end of May. Moreover, the firm has ditched targets on...
The Delhi High Court directed the Centre to verify the company's claim of excess GST of Rs 923 crore within two weeks and refund the amount once verified in a relief to telecom major Bharti Airtel. Bharti Airtel claimed that there was excess payment of taxes that by way...
The Facebook-backed Libra cryptocurrency project appointed a former US finance policy chief because it s first chief executive as it seeks to win the favour of worldwide regulators. Facebook's Libra appoints HSBC legal chief Stuart Levey as CEO Libra Association, the entity managing the Facebook Inc led effort to...
The yield of eight center framework enterprises shrank by a record 6.5 percent in March because of huge plunge underway of unrefined petroleum, flammable gas, compost, steel, concrete, and power in the midst of the coronavirus lockdown. The eight center areas had extended by 5.8 percent in March 2019. In...
Reliance Industries Ltd is the India's largest company, on Thursday said its board has approved to separate its oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco. After the approval, the oil-to-chemical business will become...
The Union Ministry of Defence on Friday, 8 May signed a deal with Tata Power Strategic Engineering Division (SED) worth Rs 1,200 crore to modernise infrastructure af 37 airfields for the 'Indian Air Force' (IAF), Indian Navy and Indian Coast Guard (ICG). This proposal was approved by Defence Minister...
The Securities and Exchange Board of India (SEBI) told on Thursday that it has advised Franklin Templeton Mutual Fund to focus on returning money to investors, in the context of their winding up six of their debt schemes. The market regulator's comments come a day after Franklin Templeton’s global...
The Boeing Co. is an American multinational company that designs as well as manufactures and sells airplanes, rotorcraft, rockets, satellites etc through the worldwide. On Thursday the Boeing Company told that it doesn’t have any plan to seek federal aid after raising a whopping $25B in a bond offering,...
ICICI Bank ;the largest private company of country, on Saturday reported 26% rise in its net profit at ₹1,221Cr for the quarter by March 31 2020. The lender's net profit in year ago period was ₹969 Crore. The lender missed the average estimate of ₹3,510.50 crore made by 16...
ICICI Lombard hasbeen posted a 23.8 percent rise in March quarter profits at Rs 281.93 crore due to a reduction in underwriting losses as the private insurer’s premium income dropped both for the quarter and full financial year. The loss reduced about Rs 29.42 crore in Q4FY20 as compared...