Corporates

Debt-laden Infrastructure Leasing & Financial Services will invite Expression of Interest proposals from prospective buyers.

Last month, Kraft Heinz Co agreed to sell its popular health-drink brands Complan and Glucon-D, to Zydus Wellness Ltd for Rs 4,595 crore.

On the National Stock Exchange (NSE), Yes Bank shares settled at Rs 162, with a loss of Rs 20.65 or 11.31 per cent. It hit a 52-week low of Rs 160.30 on the NSE after opening at Rs 180.40.

Unilever beat a bid from Swiss rival Nestle which was also bidding for the unit and looking to expand its portfolio in the powdered hot beverages category, the report added.

An inter-ministerial panel decided on Tuesday to divest the government's 100 per cent stake in Air India Air Transport Services Limited (AIATSL).

Ever since the 2016 presidential election, Chief Executive Officer Mark Zuckerberg has been criticized for his failure to understand the potential downsides of Facebook's products.

Robin Kamark, who has spent 17 years at Scandinavian Airlines System, will replace Harsh Mohan as nominee director, Jet said. Jet is 24 per cent owned by Etihad Airways.

Tata conglomerate is now likely to be the potential white knight for the debt-laden Jet Airways, but no proposal has been made yet.

The infrastructure finance company, whose board was superseded by the government early last month after it defaulted on payment dues triggering liquidity concerns, had invited EoIs for two of its units last week in its attempt to turn around IL&FS.

Amazon with $736.6 billion is currently at third and Alphabet (the parent company of Google) with $725.5 billion is at the fourth spot.

The departure comes as the airline struggles to keep itself afloat, with rising debt levels and higher oil prices weighing on profits.

Sanjay Kumar will be responsible for commercial operations of the airline and will be reporting to the newly-appointed CEO and MD Sunil Bhaskaran.

Infosys had said earlier this month that it would open a technology hub at Richardson in the US state of Texas, where it would hire 500 techies by 2020.

Apollo's shares have gained about 30 per cent after hitting a four-year low in June, and stock forecasters are more bullish than they have been in a decade.

The developments since September 19 have wiped off over Rs 29,000 crore ($4.06 billion) from the company's market value, as of Tuesday's close.