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Rolta India to downsize as debt restructuring fails

Creditors did not allow Rolta, which was ranked among the `Best 200 under a Billion’ four times in six years by Forbes Global, to raise cash through sale of an asset worth Rs2,500 crore, but dragged the company to the NCLT for initiating insolvency proceedings instead

'Compulsive contrarians' subverting democracy, says Jaitley

`They could masquerade corruption as crusade and adopt double standards whenever it suited them,’ he said in a Facebook post titled 'The Compulsive Contrarian and his Manufactured Logic'

Naresh Goyal sets terms for investing Rs700 cr in Jet Airways

With Ethihad taking 25 per cent and SBI another 20 per cent equity stake under the proposed debt resolution plan, Goel will have to dilute his 51 per cent stake well below the takeover trigger, which he does not want

Reliance Industries Q3 net rises nearly 9% to Rs10,251 crore

RIL saw revenues rising across segments, including retail, telecom and refining operations, with earnings before interest and taxes (EBDT) for the retail segment rising 210.5 per cent to Rs1,512 crore

NCLT orders liquidation of Bharti Defence, dumps Edelweiss game plan

The decision leaves more than 850 employees and construction of two dozen defence vessels stranded and brings about Rs11,373-crore loss to lenders

UK PM Theresa May survives no-confidence vote

With May ruling out a second Brexit vote and opposition Labour Party leader Jeremy Corbyn insisting on an alternative plan, the road now opens for a general election

BEST workers' union calls off strike

The employees union agreed to the implementation of an interim pay-hike for about 15,000 employees, to be done in 10 stages, from this month, as directed by the Bombay High Court

Bharti Airtel in talks to buy Telkom Kenya: report

Telkom Kenya is the third-largest telco in Kenya with over 5 million users, behind market leader Safaricom with over 30 million while Airtel Kenya had 10 million-plus customers in the East African nation

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FEATURED ARTICLES

All you should know about UK Business Visa

The Tier 1 Visa to UK is one of the fastest and securest ways to obtain UK residency and then apply for citizenship after a certain period of time, says Ajay Sharma President, Abhinav Outsourcings Pvt. Ltd

Electric vehicles: who will bell the cat first?

Greenfuel Energy Solutions promoter Akshay Kashyap, an advisory committee member of the Automotive Research Association of India (ARAI) for CNG application, and a member of the Automotive Component Manufacturers Association of India – Sustainable Technology Development Committee shares his perspective on green vehicles with domain-b's Nithin Rao

Smart last-mile transport is need of the hour

With the cycle rickshaw a thing of the past, auto-rickshaws too polluting and e-rickshaws yet to gain momentum, what India needs for its burgeoning cities is smart last-mile transportation, says Anuj Prasad, founder & CEO of industrial design studio Desmania

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