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Vodafone Idea to seek govt waiver on payments after court ruling

TMT

25 October, 2019

Vodafone Idea to seek govt waiver on payments after court ruling

Loss-making Indian mobile carrier Vodafone Idea will ask the federal government for relief on payments of at least $4 billion ......

Nifty, Sensex close lower for the week

Markets

25 October, 2019

Nifty, Sensex close lower for the week

Indian shares eked out minor gains on Friday ahead of a local holiday, as a rally in State Bank of ......

What led WeWork to accept SoftBank offer

Infrastructure

25 October, 2019

What led WeWork to accept SoftBank offer

Just a few months ago, WeWork’s co-founder Adam Neumann was being courted by Wall Street’s top investment bankers in anticipation ......

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

Infrastructure

25 October, 2019

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

SoftBank Group Corp is poised to write down at least $5 billion to account for a sharp drop in the value ......

WeWork plans to lay off nearly a third of global staff

Infrastructure

24 October, 2019

WeWork plans to lay off nearly a third of global staff

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put ......

India's top airline cuts expansion targets after $150 mn quarterly loss

Infrastructure

24 October, 2019

India's top airline cuts expansion targets after $150 mn quarterly loss

India's biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at ......

Airbnb bets on women hosts, millennial travellers for growth in India

TMT

24 October, 2019

Airbnb bets on women hosts, millennial travellers for growth in India

Home rental company Airbnb Inc is betting on women in India opening up their homes to travellers, especially millennials, to ......

India jumps 14 places on World Bank's ease of doing business list

General

24 October, 2019

India jumps 14 places on World Bank's ease of doing business list

Faster bankruptcy resolution and issuance of construction permits helped India jump 14 places in the World Bank’s annual ranking of ......

Supreme Court upholds govt demand for nearly $13 bn of dues from mobile operators

TMT

24 October, 2019

Supreme Court upholds govt demand for nearly $13 bn of dues from mobile operators

India’s top court on Thursday upheld a demand by the country’s telecoms department that wireless carriers pay 920 billion rupees ......

Blackstone third-quarter earnings drop less than expected

Finance

24 October, 2019

Blackstone third-quarter earnings drop less than expected

Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Wednesday ......