Reliance Communications gets 7 months to service Rs 45,000-crore debt, to cut burden by 60%

Debt-laden Reliance Communications today said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore. In a damage control mode following credit rating downgrades, RCom chairman Anil Ambani held a press conference to announce that the debt burden will be reduced More...

by Loknath Das | Published 3 weeks ago
By Loknath Das On Friday, June 2nd, 2017
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The Best Energy Companies Didn’t Care Either Way About The Paris Accord

In an age of polarized politics, it’s sometimes hard to remember that a leader who does not share your policies can nevertheless still be right. For example, plenty of people forget amid their distaste of Richard More...

By Loknath Das On Wednesday, May 31st, 2017
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Ohio attorney general sues 5 pharma companies over their role in the opioid epidemic

Ohio Attorney General Mike DeWine is suing five makers of opioid painkillers for their role in the state’s opioid epidemic. The suit, which DeWine said is the second by a U.S. state, after Mississippi, More...

By Loknath Das On Tuesday, May 30th, 2017
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Supreme Court tightens rules on where companies can be sued

The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case More...

By Loknath Das On Saturday, May 27th, 2017
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Here are some companies Google’s new AI investment arm might be interested in

Google is launching a new investment arm aimed at artificial intelligence, according to a report in Axios. A source familiar with Google’s plans says the new program will focus on early-stage startups. Where More...

By Loknath Das On Thursday, May 25th, 2017
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BSE to delist 61 companies from 29 May

New Delhi: Leading stock exchange BSE (Bombay Stock Exchange) will delist as many as 61 firms from its platform from 29 May as they have remained suspended for more than 13 years. Among the firms to be delisted More...

By Loknath Das On Thursday, May 25th, 2017
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Cyber Giant Tanium Raises $100 Million, CEO Defiant About Company Culture

Tanium is a bit like the Uber of cyber-security companies. The California startup is good at what it does, commands an eye-popping valuation, and is led by a mercurial CEO whose aggressive tactics sometimes More...

By Loknath Das On Wednesday, May 24th, 2017
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Europe’s Largest Companies 2017: Shell Doubles Profit, Takes Top Spot

Got my mind on your money. A Shell Gas Station in Woodbridge, Virginia, January 5, 2016. (SAUL LOEB/AFP/Getty Images) [Source”timesofindia”] Though sales at Royal Dutch More...

By Loknath Das On Monday, May 22nd, 2017
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Companies Spurned by Supreme Court on $1 Billion Michigan Tax Change

The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter & Gamble Co. say will hit them retroactively with a $1 billion bill. The companies argued that More...

By admin On Friday, May 12th, 2017
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Excellent scrum developer – how he helps in the company working

The software which is helping in the making of the goods in much faster rate is what is known as scrum technology. It is often said that the production units can run at a faster rate if the pillars of the company More...