Business, Companies, 9th Apr 2019, News & Stories from India

Thursday, May 02, 2024 | Last Update : 10:12 PM IST

Business Companies 09 Apr 2019

Business, Companies, 09 Apr 2019

Discoms in Uttar Pradesh (UP), Maharashtra, Karnataka, Madhya Pradesh, Haryana, Tamil Nadu and Delhi account for the major portion of dues to power generating companies, taking longer duration of up to 610 days to make payments, the portal showed. (Representational image)

Power producers dues on discoms spike 20 pc to nearly Rs 41,000 cr in Jan

According to PRAAPTI portal, discoms owed a total of Rs 33,848 crore to power generation companies in January 2018.

09 Apr 2019 6:30 PM

When asked if this will help BSNL to make salary payments, BSNL CMD Anupam Shrivastava said that financially, the company is in comfortable position and it has seen revenue stabilising in other segments as well.

BSNL collects record Rs 6,500 cr in revenue from enterprise division

BSNL has been ailing because of high revenue-to-wage ratio as number of government employees were transferred by telecom department to BSNL.

09 Apr 2019 6:19 PM

The bench also asked ArcelorMittal to file an affidavit before it, detailing the steps to be taken for implementation of the resolution plan of debt ridden Essar Steel.

NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr for acquiring Essar Steel

The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week.

09 Apr 2019 3:59 PM

Investment Committee of the Board of Directors of the company has approved the proposal to acquire equity shares each of ISS and Vitaran Electronics.

Tech Mahindra to buy 18.1 pc stake each in lnfotek Software and Systems

The investment will also help expand Tech Mahindra's solution portfolio to cater to the smart city projects.

09 Apr 2019 2:28 PM

Aramco’s planned USD 69.1 billion acquisition of a 70 per cent stake in petrochemicals firm Saudi Basic Industries Corp (SABIC) from the Saudi sovereign wealth fund.

Saudi Aramco breaks record as demand for its bond tops USD 85 billion

Aramco was expected to raise around USD 10 billion from the deal.

09 Apr 2019 2:09 PM

Emami ropes in Varun Dhawan as Navratna Cool brand ambassador

Navratna portfolio consists of Navratna Oil, Navratna Xtra Thanda Oil, Navratna Almond Cool Oil, Navratna Cool and Navratna Smart Cool.

09 Apr 2019 12:45 PM

During 2018-19, JSW Steel's output of flat rolled products stood at 11.74 MT, up 3 per cent from 11.44 MT in the previous fiscal.

JSW Steel's crude steel output grew 3 pc to 16.69 million tonne in FY19

The company had produced 16.27 MT of crude steel in the 2017-18 fiscal.

09 Apr 2019 12:28 PM

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that have been highly successful.

BSE ties up with HDFC Bank to give boost to startups platform

BSE had launched the Startups platform on December 22 last year to encourage entrepreneurs.

09 Apr 2019 12:24 PM

The progress of Uber’s self-driving car unit is in the spotlight as the company prepares to kick off its initial public offering this year. (Photo: AP)

Uber, ahead of IPO, sees some time before self-driving cars dominate the road

Uber, last valued at USD 76 billion in the private market, is seeking a valuation as high as USD 120 billion in its IPO.

09 Apr 2019 11:31 AM

India is a very exciting market for AccountScore with a unique opportunity that needs innovative solutions.

Equifax Analytics accelerates digital lending process with AccountScore

The partnership will provide a full range of products and services to prospective users like banks, NBFCs.

09 Apr 2019 11:00 AM

Chairman and founder of Adani group Gautam Adani.

Adani's Australian coal mine wins further environmental approval

The project still needed nine further approvals from the Federal and Queensland state governments before mining can start.

09 Apr 2019 9:55 AM

Two former Standard Chartered bankers operating out of Dubai also have been under scrutiny for possible misconduct and could face criminal charges in the probe.

Standard Chartered expected to pay just over USD 1 bn to resolve US, UK probes

The bank settled the foreign exchange probe in February when it was fined USD 40 million by New York’s banking regulator.

09 Apr 2019 9:42 AM

The company had said the capital infusion will help it continue investments in future rollouts to build large network capacity. (Photo: PTI)

Airtel gets Sebi nod for Rs 25,000 crore rights issue

The board of the company had approved the rights issue proposal in February.

09 Apr 2019 9:19 AM

Singapore government held around 7.32 crore shares in DLF as on December 31, 2018.

Singapore govt sells 6.8 cr shares of DLF for Rs 1,298 crore

Singapore government through its sovereign wealth fund GIC has two joint ventures with DLF.

09 Apr 2019 9:16 AM

Shares of Jet Airways closed 3 per cent higher at Rs 264.

Lenders offer 75 per cent stake in Jet Airways

Private equity funds and sovereign wealth funds are also eligible for placing their bids, which have opened on Monday.

09 Apr 2019 1:36 AM

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Dilip Cherian