Corporates

Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although pressure is starting to ease as oil prices fall and the currency firms.

J&J India did not have any immediate comment on the reports of sample seizures by the authorities. On Tuesday, the company said in a statement that the Reuters article, which was published on Friday, "is one-sided, false and inflammatory".

A team of 100 drug inspectors has been assigned to examine different manufacturing facilities, wholesalers and distributors, says report.

Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price on Wednesday in a disappointing debut on the Tokyo stock market despite raising a record amount.

Vogo, which provides services in Bengaluru and Hyderabad, will use the money to expand its fleet by 1,00,000 scooters.

ITNL, which is 73 per cent owned by IL&FS, has more than 40 percent of the total assets of IL&FS.

Byju's had earlier raised funds from Chan-Zuckerberg Initiative, Tencent, Sequoia Capital, Sofina, Verlinvest, Aarin Capital, Times Internet, Lightspeed Venture Partners and the International Finance Corporation (IFC).

Sandip Biswas, a member of Tata Steel's senior management, will become finance chief of the new entity, the groups said.

The new campus will be the primary location for Google's global business organisation, the company said in a blog post.

Naresh Goyal's penchant for control has emerged as a major obstacle as Jet Airways tries to negotiate a rescue deal, people who know him told Reuters

SoftBank Corp priced its IPO earlier this week at an indicated 1,500 yen ($13.22) per share, and said it would sell an extra 160 million shares to meet the demand, raising about $23.5 billion.

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, states Reuters report.

The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on January 9, 2019, Yes Bank said.

After the revision, Jana Small Finance Bank customers holding FD and RD accounts with the bank will earn interest up to 9.6 per cent on their investment. On an FD of three years without a premature withdrawal facility, Jana Small Finance Bank will pay interest at the rate of 9.25 per cent from Friday.

As per the tender document, the company will retain "approximate 5.000 sq.ft" of carpet area on 22nd floor for its office use.