Business, Companies, 12th Jul 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 01:03 PM IST

Business Companies 12 Jul 2019

Business, Companies, 12 Jul 2019

Infosys Chief Financial Officer Nilanjan Roy said, "Continuing our objective of improving shareholder returns, we have revised our capital allocation policy upwards". (Photo: PTI)

Infosys to return 85 pc free cash via buyback, dividend over 5-year period

Infosys's existing policy was to pay up to 70 pc of the free cash flow annually by the way of dividend and/or buyback.

12 Jul 2019 7:57 PM

In response to a written question, Union I&B Minister Prakash Javadekar said, No incidence indicating that the DTH operators are not adhering to the TRAI's norms with regards to pricing of channels has come to the notice of TRAI.

No complaint about non-adherence to channels pricing norms received by TRAI: I&B ministry

As per new regulations, every broadcaster is required to offer all its channels on a-la-carte basis and declare MRP per month.

12 Jul 2019 7:13 PM

Asserting that 'pan ki dukaan' (betel shop) has apparently done well, InterGlobe Enterprises said there was no abuse of rights and Gangwal's proposal for convening an Extraordinary General Meeting (EGM) was rejected on the basis of a legal opinion obtained by the board of InterGlobe Aviation. (Representational Image)

IndiGo promoter feud: Bhatia group says Gangwal's allegations are much ado about nothing

This is the second time in three days that Bhatia camp has issued a statement.

12 Jul 2019 6:46 PM

Adani Power seeks shareholders' nod to raise up to Rs 7,000 cr

The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long-term resources.

12 Jul 2019 6:33 PM

The bank had posted a net profit of Rs 1,035.72 crore in the corresponding period of the preceding fiscal ended March 2019.

IndusInd Bank Q1 net jumps 38 per cent at Rs 1,433 crore

Total income grew to Rs 8,624.62 crore during the June quarter of 2019-20 under review, as against Rs 6,369.75 crore.

12 Jul 2019 4:29 PM

Along with customer convenience, the waiver in NEFT, IMPS and RTGS charges will attract more customers towards digital transactions, said SBI. (Photo: File | PTI)

State Bank of India waives off IMPS, NEFT and RTGS charges

This means that SBI account holders will not have to pay fees for online money transfers.

12 Jul 2019 3:10 PM

In the last two to three years, ITC has expanded its FMCG portfolio by foraying into new segments. Over 50 products were launched last year to strengthen existing categories and enter newer segments, said ITC chairman Sanjiv Puri.

Looking for acquisitions, to foray into new FMCG categories: ITC's Sanjiv Puri

The company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of future-ready businesses.

12 Jul 2019 1:09 PM

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.

12 Jul 2019 12:48 PM

The interested Banks/ARCs/ NBFCs/ FIs can conduct due diligence of these assets with immediate effect, SBI said.

SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore

The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.

12 Jul 2019 9:34 AM

The government holds 51 per cent stake in Pawan Hans, which has a fleet of 43 helicopters.

Govt invites bids for strategic sale of Pawan Hans for 3rd time

The last date for submission of Expression of Interest (EoI) is August 22, 2019, and intimation to the short-listed bidder is Sept 12.

12 Jul 2019 8:53 AM

The programme will have different groups of performers who will be performing on wheelchair, crutches and calipers and with artificial limbs.

Divyang’s Got Talent: Let’s get ready to witness the epic performances by specially abled

Bollywood Actor Jackie Shroff to felicitate Life Saver Donors at the International Award Ceremony 2019.

12 Jul 2019 8:37 AM

Bridgestone raises capex at Indore plant

This factory produces a range of radial tyres for the passenger vehicle (PV) segment in Asia's third biggest car market.

12 Jul 2019 1:59 AM

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Mohan Guruswamy