Corporates

Tata Motors expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand.

IndiGo, SpiceJet and GoAir have been rushing to fill the vacuum left by the collapse of Jet Airways, once India's largest carrier, and gain control of its valuable slots.

In April, GAIL (India) Ltd offered Rs 4,800 crore ($683.01 million) for IL&FS's power plant portfolio, emerging as the highest bidder for its wind assets.

Facing a severe liquidity crisis, Jet Airways had suspended its operations on April 17 and remains grounded

Lenders of Jet Airways, led by the SBI, are currently in the process of selling the airline to recover their dues of over Rs 8,400 crore.

Shares in Jet Airways closed 2.32 per cent lower at Rs 124.10 apiece on the Bombay Stock Exchange (BSE) on Friday

Spencer's, a part of RP Sanjiv Goenka Group (RPG), already runs its own grocery stores in parts of the country

The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the provisions of the Insolvency and Bankruptcy Code

InterGlobe Aviation owns and manages IndiGo airline, which has around 44 per cent share in domestic passenger market

According to Forrester Research, the market share of Paytm Mall almost halved in 2018 -- to 3 per cent from 5.6 per cent in 2017. The audit reportedly revealed that a number of employees were colluding with junior employees to earn the cashbacks.

The voting process would start on Thursday and end on Sunday, sources said, adding that the results would be declared on May 20

The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India.

After Jet Airways CEO Vinay Dube resigned with immediate effect from the company, its Chief People Officer Rahul Taneja has also quit the debt-laden airline, sources told NDTV. Meanwhile, Jet Airways informed exchanges that its Company Secretary and Compliance Officer Kuldeep Sharma has also resigned from the company. In a matter of less than 24 hours four officers from Jet Airways' top management have quit the Mumbai-based airline. Jet Airways was last month forced to ground its operations as it struggles to pay debt of $1.2 billion.

Aurobindo said it does not anticipate that these matters will have a material impact on the its operations or business results.

Jet Airways said on Tuesday that its deputy chief executive and chief financial officer Amit Agarwal has resigned. The now-grounded airline said that Mr Agarwal stepped down due to personal reasons. Shares in Jet Airways declined more than 12 per cent during Tuesday's session. Mr Agarwal's resignation comes at a time the airline is struggling with a debt of more than $1.2 billion, and owes money to lessors, suppliers, pilots and oil companies. His resignation took effect on May 13, the cash-starved airline said in a regulatory filing before market hours.