Anil Ambani faces contempt of court in Ericsson case, has to pay a fine of Rs 453 crore.

Anil Ambani, chairman of Reliance Communications has been held guilty of contempt of court by the Supreme court. According to reports, RCom did not observe the undertaking given by... Read more »

Flipkart Co-Founder Sachin Bansal invests Rs 650 crore in Ola

Flipkart Co-Founder Sachin Bansal has invested about 650 crore in Ola cab riding service. This has put its contender Uber in a tough spot. This happens to be Sachin’s... Read more »

Sugar mill operating margins goes up by 300-400 bps, cane arrears lowers to 18% this season

Operating margins of sugar millers could improve by 300-400 basis points (bps) in sugar season (SS) 2019 (October 1, 2018, to September 30, 2019) following a ~7% increase in... Read more »

RBI Governor to meet top bank officials by end of this month

Governor of Reserve Bank of India Shantikanta Das said that he would meet top officials of state-run and private sector banks by the end of this month. They will... Read more »

RBI to give interim dividend of Rs 28,000 crore to government

RBI will be paying Rs 28,000 crore as interim dividend to the government. This amount would help the Centre meets its revised budget estimates which includes an allocation for... Read more »

Varun Beverages to handle Pepsi bottling in West and South.

Million dollar beverage company PepsiCo plans to divest its bottling franchisee rights in the West and South of the country. The company in talks is Varun Beverages in a... Read more »

CIC raps RBI for non disclosure of demonetisation data

The Central Information Commission asked the RBI to come clean on “perfunctory handling” of an RTI application. The application wished to seek records to the RBI board meetings where... Read more »

NASSOM to organize its 27th NASSOM Technology and Leadership Forum

The National Association of Software and Services Companies (NASSCOM) will be organizing its flagship NASSCOM Technology and Leadership Forum (NTLF 2019) from 20th to 22nd February at Grand Hyatt... Read more »

Cognizant to pay $25 million to SEC on grounds of bribery

Coginzant, the U.S multinational is going to pay $25 million to the U.S Security and Exchange Commission (SEC) to help settle bribery charges. This comes after the Department of... Read more »

Kellogg’s is looking to buy out Haldiram’s, valuing latter at $3 billion.

Haldirams in a landmark move wants to secure a partnership with Michigan-based Kellogg’s Company known exquisitely for their elaborate cereals and cornflakes. What many say could be a collaboration,... Read more »