Business - Page 319

New Delhi: Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewellery firm Gitanjali Gems through open market transactions, according to a regulatory filing. Shareholding of Morgan Stanley Mauritius Company…

New Delhi:The new post-paid Rs 199 plan announced by Reliance Jio is expected to hit revenue of competitors marginally and may trigger tariff war in the segment, according to market analysts. “Move…

New Delhi :Japan’s SoftBank Group Corp has not yet decided to sell its 20-22% stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development said. SoftBank’s Masayoshi…

New Delhi:In sweeping changes to the way the listed companies constitute their Boards, markets regulator SEBI has asked them to split the post of chairman and managing director and have at least…

New Delhi: Commerce and Industry Minister Suresh Prabhu will tomorrow discuss the credit-related issues of gems and jewellery exporters with bankers in Mumbai. The Gem & Jewellery Export Promotion Council (GJEPC) is…

Mumbai :There is a great deal of interest for the Air India disinvestment initiative, civil aviation secretary R N Choubey said, as the deadline for submission of preliminary bids looms over the…

Chennai :Indian Oil Corporation (IOC) chairman Sanjiv Singh said the decision of oil PSUs not to hike petrol and diesel prices since April 24 was aimed at stabilising them and it ‘incidentally’…

New Delhi : Flipkart co-founder Sachin Bansal, who is exiting the Bengaluru-based company post the Walmart deal, plans to catch up on gaming and brush up his coding skills as he takes…

Mumbai :Adani Enterprises Ltd. has taken a Rs 896.4 million ($13.3 million) writedown on its Carmichael coal mine in Australia’s Queensland state due to delays and legal challenges. The impairment charge was…

Mumbai :The top insurance broker in India sees an opportunity to increase sales to the nation’s banks reeling under a string of recent frauds. Marsh & McLennan Cos. predicts the premium pool…