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Morale affected, but want to see the company doing well: Air India CMD on disinvestment

The news of the disinvestment of the airline has affected the morale of the staff, but they are determined to give their best to see their company perform well anyhow: AI Chairman Ashwani Lohani.

published : 19 Jul 2017

Philip Morris aims to get youngsters in India hooked to smoking, and health officials are fuming

In internal documents, Philip Morris International is explicit about targeting the country’s youth. A key goal is “winning the hearts and minds of LA-24,” those between legal age, 18, and 24, it says

published : 19 Jul 2017

Divestment in best interest of airline, says Air India CMD

Air India denied any possibility of potential layoffs following the government’s decision to sell its stake in the national carrier.

published : 18 Jul 2017

Ahead of privatisation, Air India mulls massive staff layoff with voluntary retirement provision

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees as the carrier slashes cost ahead of a 2018 sale.

published : 18 Jul 2017

Streaming service Netflix shares jump as subscriptions top 100 million worldwide

Most of the subscriber growth came from outside the US, where Netflix has invested heavily in establishing itself as a global television service.

published : 18 Jul 2017

RIL Market capitalisation crosses Rs 5 lakh crore mark after TCS

Reliance Industries Ltd (RIL) today attained a market valuation of over Rs 5 lakh crore, becoming the second firm after TCS to achieve this milestone.

published : 17 Jul 2017

ACC June-quarter consol profit rises about 33 percent, beats estimates

Cement producer ACC Ltd reported an about 33 percent rise in June-quarter consolidated profit, boosted by higher cement sales volume.

published : 17 Jul 2017

NSE's Chitra Ramkrishna earned Rs 23 crore in 8 mths of Financial Year 2017

Chitra Ramkrishna, who has been replaced by Vikram Limaye as chief of NSE, had drawn about Rs 23 crore as total remuneration for the last eight months of her tenure.

published : 17 Jul 2017

Moody's upgrades Adani's Abbot Point rating to stable from negative

The rating is on the senior secured debt and senior secured bank credit facility ratings on the company.

published : 17 Jul 2017

Markets at new highs on capital inflows, earnings optimism

The Sensex and the Nifty today made the most of the momentum and registered new all-time peaks at 32,074 and 9,916, respectively, building on optimism about corporate earnings.

published : 17 Jul 2017

Court dismisses Essar Steel appeal against bankruptcy proceedings

The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the

published : 17 Jul 2017

SBI Life files for IPO; seen raising more than $1 billion

BI Life Insurance Co Ltd, a unit of State Bank of India, on Monday filed for an initial public offering of shares that bankers have said could raise more than $1 billion.

published : 17 Jul 2017

Renault sales rise 10.4 percent to record level as product offensive pays off

French carmaker Renault posted record vehicle sales for the first half as a sustained product offensive lifted global deliveries by 10.4 percent.

published : 17 Jul 2017

New consumer protection law to be tabled in Parliament

The new bill seeks formation of Consumer Protection Authority to investigate consumer complaints.

published : 17 Jul 2017

Sensex rises 74 points, Nifty retakes 9,900

The big gainers of the trade were Wipro, Adani Ports, Infosys, ICICI Bank, Tata Motors, M&M, ONGC and Reliance Industries.

published : 17 Jul 2017