Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
The platform, which will have various social features and can sync data from a user's circle could be ready in about six months.
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
It is not that platforms and products are something that Infosys has not tried earlier.
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
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During his last visit to India, Khosla had said the focus of Khosla Labs would be to fund innovations around Aadhaar.
Bankers say it's a question of survival for debt-heavy companies.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
China has cast a long shadow on India's economy.
Wipro's revenue from the information technology services business for the quarter ended September was in line with its estimate, though it lagged some of its larger Indian peers in a few operating parameters. Chief executive T K Kurien tells Bibhu Ranjan Mishra he expects a few issues involving a couple of large clients to be resolved in a quarter, before all the company's engines start firing.
Tech start-up set to change wellness segment with cloud-based services.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
Revivals nearly double q-o-q to 36 in September, highest in 3 years
But earnings of main private holding firm get a booster dose from RIL dividend
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Engineering conglomerate fended off three corporate raids but emerged stronger.
From selling 14,000 Jeeps in 1973, we slipped to selling just 7,000 vehicles within just three-and-a-half years by 1976.
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