Lenders are laying the ground for a new owner in Jet Airways as they insist on an undertaking from the shareholders that will trim founder-chairman Naresh Goyal's stake to below 10% while Abu Dhabi-based Etihad will have to agree to exit from the ailing airline.

IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.

Donald Trump has abruptly ordered the withdrawal of additional “large-scale” sanctions on North Korea, immediately after the Treasury Department imposed them, with his press secretary saying that the US President “likes” North Korean leader Kim Jong-un and does not think they are necessary.

Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to the latest EPFO payroll data. The EPFO has been releasing payroll data from April 2018, covering the period starting September 2017. The addition in January was 131 per cent higher as compared with 3.87 lakh EPFO subscribers added in the year-ago month. In September 2017, a net of 2,75,609 jobs were created.

Tata Motors Saturday said it will increase prices of its passenger vehicles range by up to Rs 25,000 from April on account of rising input costs and external economic conditions.

The company joins the likes of Toyota and Jaguar Land Rover which have also stated that they would hike prices of select models from April.

New Delhi: The country's largest lender State Bank of India (SBI) on Friday said it has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds.

"The Committee of Directors for Capital Raising at its meeting held today on 22 March 2019 deliberated and accorded approval to allot 12,513 non-convertible, taxable, perpetual, subordinated, unsecured Basel lll-compliant additional tier-I bonds,

New Delhi: Markets regulator Sebi on Friday imposed a total penalty of Rs 27 lakh on four entities for indulging in fraudulent trade in illiquid stock options segment of BSE.

Umapati Oil Mill and Ginning Factory, Yudhbir Chhibbar, Kasturbhai Mayabhai Pvt Ltd and Vimladevi Shyamsunder Khetan are the four entities, according to Sebi's separate orders.

IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.

Mukesh Ambani’s Reliance Industries has set up a company — in Reliance Navi Mumbai Infra (RNMIL) — for real estate development.

It said the company has invested Rs 5 lakh as initial capital in the newly incorporated entity, which is yet to commence its business operations. According to sources, RNMIL will develop properties in the special economic zone to be developed by Reliance Industries in Navi Mumbai.

A Delhi court has ordered attachment of liquor baron Vijay Mallya's properties in Bengaluru in a case relating to FERA violations.

Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through Enforcement Directorate's special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier order in this regard.

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