Arbitration tribunal restrains Bidvest from selling its stake in MIAL until further order

The arbitration tribunal has restrained South African firm Bidvest Group or Bid Services from transferring its stake in GVK Airport Holdings, the main holding company for the Mumbai International Airport, dealing a major...

Chirag Taneja joins Bombay Shaving Company as chief revenue officer

Men's skincare brand Bombay Shaving Company (BSC) has brought on board Chirag Taneja as its chief revenue officer (CRO) in its bid to strengthen its online presence, said a company statement issued today. The...

Bharti Airtel , Vodafone Idea and Tata Teleservices to file plea in SC today...

Bharti Airtel , Vodafone Idea and Tata Teleservices will request Supreme Court on Monday to allow the operators to discuss with the government and come up with a suitable time frame to make...

Nuvoco emerges front-runner to buy Emami Cement business for up to Rs 6,000 cr

MUMBAI: Nuvoco Vistas, the Nirma Group’s cement division, has emerged as the frontrunner to acquire the Emami Group’s nine million tonne per annum cement business for Rs 5,500-6,000 crore enterprise value to consolidate...

Used-car business does well for Audi in bad year for auto

MUMBAI: Luxury-vehicle maker Audi’s sales in India may have fallen in 2019, but the German brand’s performance in the used-car market in the past year has been the best ever with growth of...

Soon, you’ll get to buy one policy for many cars

MUMBAI: Usage-based premiums will soon become a reality in the motor insurance industry, with companies offering the single owner of multiple vehicles the option to allocate coverage in line with the anticipated use...

EU could waste €29bn on gas projects despite climate action plan

The European Investment Bank risks wasting €29bn (£25bn) of EU taxpayers’ money by overinvesting in gas projects which will be unnecessary under Europe’s climate action plans, according to a report. The EIB vowed late...

Oil firms risk public backlash if profits put before climate, says IEA

The world’s energy watchdog has warned the oil and gas industry that it risks a public backlash by failing to act on the climate crisis in favour of making short-term profits. The International Energy...

Layoffs, rejig one-time exercise, will be over soon: Oyo CEO

Some parts of Oyo Hotels & Homes weren’t probably ready for the pace of growth it has witnessed and the hospitality chain is trying to address such issues this year, says its new...

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