Business

Loss-making Air India is estimated to have a debt burden of more than Rs 48,000 crore and the government's efforts for strategic disinvestment of the carrier failed in May.

Ranganath, who has worked with Infosys for about 18 years, is leaving the company to "pursue professional opportunities in new areas", it said in a statement.

A former member of Tesla's internal investigations team, Karl Hansen, filed a tips, complaints and referrals form to the SEC about the Gigafactory on August 9

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally

Anant Bajaj, who played crucial leadership roles through his 19 years career at Bajaj Electricals, Bajaj, passed away on Friday evening.

The widening current account deficit and higher interest rates have made the rupee the worst among its Asian peers so far this year.

The national carrier, which is facing acute financial crunch, is yet to sent out any specific communication on when the payments are likely to made.

ONGC realised USD 71.48 for every barrel of crude oil it produced in the April-June quarter of the current fiscal, up 47.6 per cent over USD 48.42 a barrel in the year-ago period.

The Appointments Committee of the Cabinet headed by PM Narendra Modi approved the appointment of Birla and Deveshwar as non-official independent directors in Air India for a period of three years.

The Reserve Bank of India for the second time in two months has raised its benchmark interest rate by 25 basis points on inflationary concerns.

Barring Tata Consultancy Services (TCS), Maruti Suzuki and Kotak Mahindra Bank, rest seven companies, including RIL, HDFC Bank, HDFC and SBI saw a rise in their market valuations for the week ended Friday.

Net profit of Rs 9,459 crore, or Rs 16 per share, in the first quarter of 2018-19 fiscal, was up 18 per cent over Rs 8,021 crore, or Rs 13.5 a share, net profit in the same period a year ago, the company said in a statement.

Factors like better than expcte quarterly earnings by select index heavyweights, positive Asian cues and firm foreign capital inflows boosted investor sentiment.

Kumar Mangalam Birla said he is "very optimistic" about the two firms coming together, creating India's largest mobile operator worth over $23 billion (or over Rs 1.5 lakh crore).

The US, which in May pulled out of a landmark nuclear deal and said sanctions will be re-imposed on Iran within 180 days, has threatened to cut off access to the American banking system for foreign financial institutions that trade with Tehran.

According to the Finance Ministry sources, these banks are under pressure to make interest payment to bond holders of their Additional Tier 1 bonds.