Corporates

The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.

IOC, BPCL and HPCL more than a week back jointly wrote to Air India seeking expeditious clearance of the dues, failing which they will be constrained to take action.

The comments from Infosys co-founder NR Narayana Murthy come at a time when the economy is facing its worst slowdown in nearly five years.

The company is "watching the situation very closely and expecting a positive impact of the monsoon", said Vinay Subramanyam.

Hyderabad is the chosen destination of e-commerce giant Amazon to set up its biggest global office campus, and only the second one that it owns.

Built in Hyderabad over three years, the new campus is Amazon's first owned building outside of the United States, spans 1.8 million square feet of office space and will accommodate 15,000 workers.

Coffee Day is under pressure to pare borrowings after its founder VG Siddhartha took his own life as debt strains began to emerge in his companies.

The decision to postpone the deal was taken at a board meeting before Alibaba's earnings release last week, according to the report.

The news comes as a slowdown in Asia's third-largest economy has hit demand for everything from automobiles to retail products, forcing companies to curtail production and recruitment, while raising hopes that the government would unveil an economic stimulus to revive growth.

Headquartered at Jadavpur, where it all started in 2008 with a kitchen, two cooks and a table, Wow Momo Foods today fully owns and operates 271 outlets.

The 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they're meant to displace has fallen from about $15 per million British thermal units in 2012 to less than $5.

SBI said it is offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

As of February, Genpact employed more than 1,600 employees in its Facebook teams in Hyderabad, more than 10 per cent of the 15,000 the social network said were working on content moderation worldwide.

RIL plans to sell a 20 per cent stake at an enterprise value of $75 billion. It will also source 500 kbpd of oil from Saudi Aramco.

In her Budget speech, Finance Minister had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25% from 30% earlier.