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Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT

Finance

12 November, 2019

Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT

The bankruptcy tribunal has ordered proceedings against Aviva Life Insurance in a case by Apeejay Trust for failure to pay ......

Vodafone's India future in doubt as 'unsupportive' ecosystem takes toll

TMT

12 November, 2019

Vodafone's India future in doubt as 'unsupportive' ecosystem takes toll

Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and ......

WeWork starts hunt for a new CEO

Infrastructure

12 November, 2019

WeWork starts hunt for a new CEO

WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with...

India to invite foreign firms to partake in oil companies' privatisation

Infrastructure

12 November, 2019

India to invite foreign firms to partake in oil companies' privatisation

International energy firms will be invited to participate in India’s privatisation of state-owned oil companies, the country’s...

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In Charts: How India's $5 tn GDP dream faces mounting infra delays, cost overruns

Infrastructure

12 November, 2019

In Charts: How India's $5 tn GDP dream faces mounting infra delays, cost overruns

After reviewing nine mega projects worth Rs 61,000 crore last week, prime minister Narendra Modi emphasised two things: “Speedy...

Alibaba's Singles' Day sales hit record $38 bn; growth slows

TMT

12 November, 2019

Alibaba's Singles' Day sales hit record $38 bn; growth slows

Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4...

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Company watch: GSK Velu's Trivitron ramps up revenue, faces working-capital challenges

Healthcare

12 November, 2019

Company watch: GSK Velu's Trivitron ramps up revenue, faces working-capital challenges

Trivitron Healthcare Pvt. Ltd, the medical equipment maker founded by serial entrepreneur GSK Velu, doubled the pace of growth...

Grapevine: Snapdeal may raise $100 mn in funding round joined by SoftBank

General

12 November, 2019

Grapevine: Snapdeal may raise $100 mn in funding round joined by SoftBank

Online marketplace Snapdeal is in talks to raise close to $100 million (Rs 716 crore at current exchange rate) from ......

Uber co-founder Travis Kalanick sells nearly $550 mn of shares

People

12 November, 2019

Uber co-founder Travis Kalanick sells nearly $550 mn of shares

Uber Technologies Inc co-founder and former chief executive Travis Kalanick has sold nearly 21% of his stake in the ride-hailing...

India's September industrial output falls at the fastest pace in six years

Manufacturing

11 November, 2019

India's September industrial output falls at the fastest pace in six years

India’s industrial output contracted 4.3% in September from a year earlier, government data showed on Monday, its slowest...

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