Corporates

Larsen & Toubro said the share buyback is subject to approval of the members by means of a special resolution through a postal ballot. The process, timelines and other requisite details will be released in due course, L&T added.

This month, Apple became the first US-based company to reach $1 trillion in market value.

The airline will start operations on the new flights from October 10, 2018, it said in a press release. SpiceJet claimed that it is the first to introduce a daily direct flight on the Guwahati-Patna route. As part of its international operations, the airline will begin a new daily direct flight on the Hyderabad-Bangkok route.

Jet Airways had deferred its first-quarter results after the audit committee declined to sign off on them "pending closure of certain matters".

The Airtel Foreign Pass will be available for 20 countries including the US, the UK, Canada, the UAE, Kuwait and Qatar, it added. The new packs, Airtel said, will be priced at Rs 196 for 20 mins, Rs. 296 for 40 minutes and Rs. 446 for 75 mins.

UK pharmaceutical giant GlaxoSmithKline Plc has requested bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks, people with knowledge of the matter said.

Candidates can submit their applications online through the LIC Housing Finance portal, lichousing.com. The selection process will comprise an online examination and an interview for all three positions.

The conflict between Pallonji Mistry and the Tata Group began with a boardroom coup in 2016, when the former's son was ousted as chairman of the latter. The 89-year-old Mistry is one of the largest shareholders in Tata Sons Ltd., which controls the $100 billion conglomerate, and his family has since filed numerous lawsuits against the holding company's board, alleging suppression of minority interests and governance lapses.

Fortune''s fourth annual "Change The World" list ranks companies as per their profit motive to help the planet and tackle social problems.

Jet Airways told staff earlier this month it was running out of money, a source had told Reuters, but it has denied this and said it is confident of cutting costs and keeping its planes flying.

Britain is Ola's second venture into a foreign market after it started operations in Australia in February.

With this, Flipkarts financials will be reported as part of Walmarts international business segment.

M D Ranganath had been appointed as the CFO of India's second-biggest software services exporter in 2015.

ICICI Bank on Friday announced its decision to waive off penalties on late payment of loan EMIs by its customers in Kerala this month. The initiative was aimed at providing support to its customers in flood-hit Kerala. That means ICICI Bank home loan, car loan and personal loan customers in Kerala will not be charged any penalty charges for delayed payment of EMIs in the month of August.

The August 30 flash sale announced by Reliance Jio will mark the second flash sale of JioPhone 2 - an upgraded version of 4G-enabled device JioPhone. Reliance Jio had earlier offered JioPhone 2 in a flash sale on August 16. Reliance Jio Infocomm, the telecom arm of Reliance Industries, had earlier this week said it would "soon" introduce mobile app WhatsApp to the JioPhone platform. "WhatsApp will also be available on JioPhone devices soon," Reliance Jio had said.