BUSINESS
CBI files chargesheet against Rana Kapoor in cheating case
The probe agency had registered a case in the matter in March 2020. It is alleged that the then MD and CEO of Yes Bank, Rana Kapoor, had abused his official position and acquired a premium property in Delhi at a very low price than the actual market value and the property was mortgaged to Yes Bank against a loan of approximately Rs 400 crore, given to a group companies promoted by Rana Kapoor, the CBI said in a statement.
TCS' YoY Q2FY22 net profit up 14.1%
The IT major's net profit for the quarter under review rose to Rs 9,624 crore from Rs 8,433 crore for Q2FY21, excluding the legal claim provision. The company's year-on-year consolidated net profit would have risen by over 28 per cent to Rs 9,624 crore from Rs 7,504 crore for Q2FY21, if the legal claims provisions were included. The company's consolidated revenue during the period under review rose by 16.8 per cent YoY to Rs 46,867 crore.
Amid protests, Adani Group takes over Guwahati international airport for 50 years
Airports Authority of India (AAI) officials said that the LGBI Airport was on Friday formally handed over to AGIAL led by business tycoon Gautam Adani in a restricted ceremony. Airport director Ramesh Kumar handed over a symbolic key to Utpal Baruah, who has been appointed Chief Airport Officer by the AGIAL.
Air India divestment: Tata to get 141 aircraft, 8 brand logos, lucrative routes
Accordingly, Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of Centre in Air India along with that of Air India Express and AISATS. Consequent to the acquisition, the Tatas will own 100 per cent stake in Air India as also 100 per cent in its subsidiary Air India Express and 50 per cent in the joint venture Air India SATS.
Tata Sons to retain Air India debt of over Rs 15K crore
Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of the Centre in Air India, along with that of Air India Express and the AISATS. Out of the Rs 18,000 crore, Talace will retain Rs 15,300 crore in debt, while the rest will be paid to the Centre as the cash component.
'Welcome back, Air India', says Ratan Tata
In a throwback of the journey the airline has taken so far, Ratan Tata, the Chairman Emeritus of Tata Sons, on Friday tweeted an old photograph of the company's former Chairman J.R.D. Tata getting down from an Air India aircraft, minutes after Tata Sons won the bid to regain control of the airline.
CEA K.V. Subramanian to head back to academia as tenure ends
"I have decided to return back to academia following the completion of my 3-year fulfilling tenure. Serving The Nation has been an absolute privilege and I have wonderful support and encouragement," Subramanian said in a tweet announcing his decision to move out from the North Block.
IMF asks Pakistan to hike income tax
The Fund has also asked for withdrawal of sales tax exemptions to those whose revenue impact is in addition to 225 billion PKR, the sources said, adding that the final decision to accept or reject the demands would be taken during the policy level talks with the IMF set to begin in Washington on October 13.
Air India back with the Tatas after seven decades
The airline the group once started and nurtured into becoming the face of India globally has come back to its original owners now after 68 years. The seeds for Air India were sown way back in 1932 when J.R.D. Tata flew a small aircraft between Karachi and Mumbai with mail.
Airtel announces Rs 6K cashback on purchase of leading smartphones
To avail the Rs 6,000 cashback benefit, a customer needs to recharge with a Airtel prepaid pack of Rs 249 or above continuously (as per pack validity) for 36 months. The customer will receive the cashback in two parts - the first instalment of Rs 2,000 after 18 months and the remaining Rs 4,000 after 36 months.
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