Companies

Photo: AP
Flourish Ventures managing partner Tilman Ehrbeck
Photo: Mint
S.D. Shibulal
Ujjivan needs to bring down its promoter holding to 40% to meet central bank norms
The Centre had however said it would not infuse any funds for completion of pending projects of Unitech
The Centre had however said it would not infuse any funds for completion of pending projects of Unitech

Govt to take management control of Unitech, Supreme Court agrees

  • The govt had earlier said that it is willing to take over the management control of Unitech Ltd and complete its stalled projects for providing relief to around 12,000 hassled homebuyers

Paytm on Monday announced the launch of 'All in One' QR. (Mint)
Paytm on Monday announced the launch of 'All in One' QR. (Mint)

Paytm expects 25 million merchant bases by next year: Official

  • Paytm expects its merchant's base which is pegged at 15 million as of now to reach 25 million by the next fiscal
  • Paytm will be on-boarding 1.5 million merchants from Andhra Pradesh and Telangana in the next six months

Tata Sons Chairperson N Chandrasekaran. (PTI )
The telecom dept is seeking  ₹1.47 lakh crore from all telcos in past statutory dues
The telecom dept is seeking 1.47 lakh crore from all telcos in past statutory dues

Telecom dept seeks 48,000 crore dues from Oil India

  • Oil India Ltd (OIL) is the second oil and gas firm after GAIL India to have been slapped a demand notice
  • From gas utility GAIL, the DoT has sought 1.72 lakh crore

ASCI laid out key ‘dos and don’ts’ of using ranking or awards in ads, especially in the education and health sector (Priyanka Parashar)
ASCI laid out key ‘dos and don’ts’ of using ranking or awards in ads, especially in the education and health sector (Priyanka Parashar)

ASCI releases guidelines for usage of awards, rankings in ads

  • ASCI said brands and services need to ensure that accrediting bodies involved in disseminating or presenting awards or rankings are authentic and credible
  • The validity of the award/ranking used to substantiate a claim should be of a period preceding the advertisement by not more than 12 months

Federal Bank Q3: Provisions during the quarter decreased 15.39% to  ₹160.86 crore
'In 2019, we faced headwinds on account of Jet Airways but 2020 is going to be different and the double digit growth should be back sooner rather than later,' said a DGCA official
'In 2019, we faced headwinds on account of Jet Airways but 2020 is going to be different and the double digit growth should be back sooner rather than later,' said a DGCA official

Domestic air passenger traffic grows by just 3.74% in 2019: DGCA

  • Domestic scheduled airlines carried 144.17 million passengers during 2019
  • IndiGo continued its market dominance, carrying nearly one in every two passengers

Shares of Cipla were flat in noon trade
IKEA’s move to sell goods online before letting shoppers experience its signature stores marks a clear shift in the retailer's strategy. (PTI)
Provisions and contingencies of the lender stood at Rs444 crore during October-December, up 8.5% from Rs407.93 crore in the last quarter.
Amazon CEO Jeff Bezos. (@JeffBezos)
On Friday, TCS reported a 0.2% year-on-year (YoY) growth in net profit at  ₹8,118 crore for the third quarter. Photo: Bloomberg
On Friday, TCS reported a 0.2% year-on-year (YoY) growth in net profit at 8,118 crore for the third quarter. Photo: Bloomberg

TCS falls over 2% on flat Q3 growth, weighs on BSE IT Index

  • The BSE IT index also tumbled 1% to 15,951.45 points, dragged down by index heavyweight TCS, India's biggest IT services provider
  • Overall subdued sentiment weighed on other IT firms as well, with shares of Infosys Ltd slipping 0.4% to 764.80

Gerard Williams III helped lead development of the chips used to power iPhones during his decade as a platform architect with the company (Reuters)
Gerard Williams III helped lead development of the chips used to power iPhones during his decade as a platform architect with the company (Reuters)

Apple gains footing in court feud with former iPhone chip architect

  • Gerard Williams III helped lead development of the chips used to power iPhones during his decade as a platform architect with the company
  • The judge also dismissed a claim by Williams that Apple invaded his privacy

(File photo) Back in 2018, the unit was jointly inaugurated by Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in  (Reuters)
(File photo) Back in 2018, the unit was jointly inaugurated by Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in (Reuters)

Samsung mobile display can get manufactured in India

  • The company is also considering setting up of industrial zones equipped with taxation and customs clearance, along with infrastructure
  • In 2018, Samsung had opened a manufacturing unit in Noida to increase its capacity from 68 million units to 120 million units a year

SpaceX founder and chief engineer Elon Musk. (REUTERS)
SpaceX founder and chief engineer Elon Musk. (REUTERS)

Elon Musk says SpaceX launch with NASA astronauts likely soon

  • The hardware necessary for the first launch with astronauts will probably be in place by the end of February, Musk said
  • Sunday’s test shows SpaceX can safely abort a mission if something goes wrong after takeoff.