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Mining auction: Govt may approach Delhi HC to annul order to disallow clubbing of end-user

With the coal mines auction process for non-regulated sectors stuck in a limbo, the government plans to approach the Delhi High Court to annul its October 2016 order that disallows clubbing of separate and distinct end-users in bidding for a…

HDFC Mutual Fund to take mark down of 37% over its exposure to HREL

Even as HDFC Mutual Fund is working to reassure its investors over exposure to Essel Group companies, the fund house is facing a fresh concern on account of its exposure of over Rs 230 crore in Hazaribagh Ranchi Expressway Limited…

Qualcomm stock jumps 23 per cent on surprise settlement with Apple

Qualcomm Inc on Tuesday won a major victory in its wide-ranging legal dispute with Apple Inc as the companies reached a surprise settlement that called for the iPhone to once again use Qualcomm modem chips. Shares of Qualcomm jumped 23 percent to…

Spicejet to add five more 90-seater Bombardier Q400s to fleet

Budget carrier SpiceJet Tuesday said it plans to expand its regional jet fleet to 32 aircraft by adding five more 90-seater Bombardier Q400s. The move is aimed at augmenting capacity in the domestic markets, especially on regional routes, following the…

NCLAT seeks Anil Ambani’s response after shareholders file contempt plea

The NCLAT has sought a response from Reliance Group Chairman Anil Ambani within 10 days over a contempt plea filed against him and other officials by the minority shareholders alleging non-payment of dues by one of its group firms. An…

DGCA conducts special safety audit of IndiGo over engine issues

Budget carrier IndiGo confirmed Wednesday that the Directorate General of Civil Aviation (DGCA) is conducting a safety audit of the airlines’ operations and engineering, along with the annual main base audit. The airline also said it has responded accordingly and…

Jet Airways full statement on ‘temporary suspension of operations’

Cash-strapped Jet Airways Ltd Wednesday announced a “temporary suspension of operations” after the consortium of banks led by SBI rejected their request for emergency fund infusion. The consortium refused to provide Jet Airways with the Rs 400 crore in emergency…

Uber’s IPO filing reveals it lost $1.8 bn last year and its revenue growth is slowing

Uber, the ride-hailing service that has upended transportation around the world, took a major step toward the largest initial public offering in years when it officially unveiled its finances in a prospectus Thursday. The offering, which could value Uber at…

Jet Airways crisis: PMO calls urgent meeting to discuss airline’s situation

Amid uncertainty over the future of the debt-ridden Jet Airways, the Prime Minister’s Office (PMO) is learnt to have called an urgent meeting to discuss the situation on Friday. The meeting is likely to be chaired by the Principal Secretary…

Stuck with huge exposure to IL&FS Transportation and Essel Group, Kotak MF sends SoS to investors

What may come as a shock to investors of debt mutual funds, Kotak Mahindra Mutual Fund, in a recent note to investors of Kotak FMP Series 183, said that almost 27 per cent of the scheme corpus of Rs 457…