Companies

Photo: Bloomberg
Iron Pillar co-founder Anand Prasanna. (Mint )
Iron Pillar co-founder Anand Prasanna. (Mint )

Iron Pillar in talks to raise add-on fund

  • VC company will invest in existing portfolio firms from $30 million fund
  • Iron Pillar’s portfolio is more concentrated towards business-to-business firms than traditional consumer internet so far

Jet Airways was grounded on 18 April 2019 as a result of a severe cash crunch. (Mint)
Kumar Mangalam Birla, Vodafone Idea chairman (Photo: Pradeep Gaur/Mint)
Vikas Arora, vice-president, cloud and cognitive software and services, IBM India and South Asia.
Jet Airways has accumulated losses of more than  ₹13,000 crore. (Mint )
Jet Airways has accumulated losses of more than 13,000 crore. (Mint )

Jet Airways: CoC decides to extend deadline for bids to 10 March

  • The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday
  • The cash-strapped airline, which was grounded in April 2019, owes more than 8,000 crore to banks, with those from the public sector having significant exposure

Photo: Reuters
Photo: Reuters

Infosys inks deal with GE Appliances

  • Infosys will help GE Appliances modernise its IT infrastructure and run IT in managed services mode
  • GE Appliances Chief Digital Officer Viren Shah said the company is on an ambitious multi-year journey to transform its IT landscape

A logo sits on a window at a HSBC Holdings Plc bank branch in the City of London. (Bloomberg)
A logo sits on a window at a HSBC Holdings Plc bank branch in the City of London. (Bloomberg)

HSBC rakes in $1 billion pre-tax profit from India operations in 2019

  • HSBC's overall tax payments in India increased to $398 million from the $384 million in the year-ago period
  • The number of customer accounts in India grew to 14,935 at the end of 2019 as against 14,210 in the year-ago period

Microsoft CEO Satya Nadella addresses a news conference (REUTERS)
Microsoft CEO Satya Nadella addresses a news conference (REUTERS)

What can India expect from Satya Nadella's visit as Donald Trump arrives

  • The company is organising 'Future Decoded Summits' in Mumbai and Bengaluru, respectively
  • Prime Minister Narendra Modi has on several occasions stressed on the importance of leveraging emerging technologies like AI and ML to solve India's critical problems

Jaguar Land Rover chief executive officer Ralf Speth. (Photo: Bloomberg)
Photo: Reuters
Steel mills alone can consume close to a fourth of the anticipated demand (Photo; Bloomberg)
Steel mills alone can consume close to a fourth of the anticipated demand (Photo; Bloomberg)

GAIL in talks with Tata Steel, SAIL to spur gas demand

  • The shift to gas will mean a sweeping transition in India, whose steel mills depend largely on oil and coal for energy
  • For GAIL it’s crucial to find new clients as demand from its biggest customers — power plants — wanes

Photo: Bloomberg
Photo: Bloomberg

HMSI starts delivery of premium Forza 300 scooter

  • Forza 300 is India's first premium mid-size scooter built on the template of synergizing mobility
  • Honda BigWing, the premium big bike business vertical of the company, has delivered the first lot of four Forza 300 scooters

Sebi concluded the hearings on January 15 (Mint )
Reliance Industries Ltd chairman Mukesh Ambani. Reliance in August valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake. (Photo: Pradeep Gaur/Mint)
Reliance Industries Ltd chairman Mukesh Ambani. Reliance in August valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake. (Photo: Pradeep Gaur/Mint)

Reliance, Saudi Aramco accelerate refinery stake sale talks

  • Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai for due diligence this month, people familiar with the matter said
  • Reliance is keen to sign a binding agreement before the next annual shareholders meeting, which is due to take place before the end of Sept

Photo: Mint
HSBC said the virus outbreak that began in China has caused a “significant disruption
HSBC said the virus outbreak that began in China has caused a “significant disruption" for its staff, suppliers and customers, especially in the Chinese mainland and in Hong Kong. (Photo: Bloomberg)

HSBC net profit falls 53%, bank to sell assets in overhaul

  • HSBC's revenue rose 5.9% in 2019 to $55.4 billion
  • The restructuring is expected to cost $6 billion, with another $1.2 billion for asset sales, mainly in 2020 and 2021, HSBC said

MaxWholesale co-founders Rohit Narang and Samarth Agarwal.
Hero Motocorp has been the world's largest two wheeler company by units volume for the last 19 years. Photo: Bloomberg
Hero Motocorp has been the world's largest two wheeler company by units volume for the last 19 years. Photo: Bloomberg

Hero Motocorp aims to become 'future of mobility', invests 10,000 crore

  • Pawan Munjal also announced the new vision and mission of Hero Motocorp called ' Be the future of mobility'
  • Hero Motocorp also announced the launch of three new products in the mainstream and premium segments

Photo: Mint