Cairn appoints Ajay Dixit as CEO, says he is right fit for the role

Cairn Oil & Gas, a part of Vedanta, on Tuesday has appointed Ajay Kumar Dixit as its Chief Executive Officer. Ajay succeeds Sudhir Mathur, who after seven successful years... Read more »

What surprise will Reliance Industries spring even as Aramco eyes stake

This is the summer of Reliance Industries. India’s largest firm by market capitalisation is expected to announce market beating results even as the world’s largest oil producer Aramco is... Read more »

Nestle plans to ask for shareholders’ approval every 5 years on royalty to parent firm

FMCG major Nestle wishes to seek shareholders’ approval every five years for royalty payment to its Swiss parent firm Societe des Produits Nestle SA, after receiving their feedback over... Read more »

36 like Nirav Modi abscounding, Enforcement Directorate admits

The Enforcement Directorate on Monday rejected the bail plea of Sushen Mohan Gupta, alleged defence agent arrested in the AgustaWestland VVIP choppers scam, saying there was a likelihood of... Read more »

Infosys shares increase by 5% after Q4 results

IT major Infosys reported a jumbled set of fourth-quarter numbers, with margins coming in below expectations even as revenues came in-line. Infosys also reported strong large deal wins during... Read more »

Larsen & Toubro plans to increase its employees by another 1,500 people this year

Infrastructure giant Larsen & Toubro (L&T) plans to hire 1,500 people this year, just like previous years, a top company official said, the company’s manpower strength stood at 42,924... Read more »

Tata Projects aims for up to Rs 16,000 crore of revenue this year

Soaring high in terms of growth in the oil and gas, nuclear and urban infrastructure sectors, Tata Projects, a part of the diversified Tata Group, is eyeing up to... Read more »

Vedanta owned Cairn India’s CEO, CFO quit, Vedanta shares fall 4% intraday

Vedanta-owned Cairn India’s CEO and CFO have resigned in quick succession. As reported by BusinessLine on Monday, Sudhir Mathur, Cairn India’s CEO, had resigned, and Pankaj Kalra, CFO, had quickly... Read more »

Sun Pharma’s senior executive Abhay Arvind Gandhi, wife pay settlement charges in insider trading case

Sun Pharma group’s senior executive Abhay Arvind Gandhi and his wife Kiran have settled with Sebi a case related to insider trading in shares of Ranbaxy Laboratories in 2014.... Read more »

Essel Group commits to repay all debtors in full

The Essel group on Thursday affirmed its commitment to repay each debtor, a day after two leading mutual funds delayed repayment commitments to investors on their exposure to the... Read more »