Business, Companies, 22nd Aug 2017, News & Stories from India

Sunday, Apr 28, 2024 | Last Update : 11:09 AM IST

Business Companies 22 Aug 2017

Business, Companies, 22 Aug 2017

Balaji Telefilms on Tuesday said its board has approved allotment of 2.52 crore equity shares to Mukesh Ambani led Reliance Industries.

Balaji Telefilms board okays selling 25 per cent stake to RIL

Balaji Telefilms said that proceeds from the transaction would be utilised to further speed up content development initiatives.

22 Aug 2017 8:53 PM

Alibaba's UC Browser has come under the government's scanner for alleged leak of mobile data of its Indian users.

Alibaba owned UC Browser under govt lens over data leaks of Indian users

The government probe comes amid tensions between India and China and could lead to ban of the browser in India.

22 Aug 2017 8:16 PM

ONGC will hire investment bankers to assist it in acquiring government's 51.11 per cent stake in HPCL.

ONGC seeks investment banker to manage HPCL acquisition

The board of ONGC on Monday gave 'in principle approval' for acquisition of the government stake in HPCL.

22 Aug 2017 7:45 PM

Hyundai Motor India on Tuesday sought clarity on the definition of luxury cars under GST.

How is a 'luxury' car defined under GST, asks Hyundai

Under GST, Hyundai's new models like Elantra, will attract same rate as luxury models from BMW, Mercedes and Audi.

22 Aug 2017 6:06 PM

Qatar Airways on Tuesday signed an interline partnership with Vistara, under which customers of the two carriers will have seamless travel to and from India to over 150 destinations.

Vistara, Qatar Airways sign pact to provide 'seamless' travel across 150 stops

Qatar Airways in the past had initiated talks with IndiGo for a marketing tie-up, which later failed to yield any results.

22 Aug 2017 5:31 PM

The Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to Essar Oil's ex-shareholders.

Ex-Essar Oil shareholders to get additional Rs 75.48 per share

This is additional payout over and above price of Rs 262.80 per share paid to shareholders at the time of delisting.

22 Aug 2017 4:46 PM

Sri Sri Ravi Shankar will open 1,000 'Sri Sri Tatva' stores across India that will sell over 300 Ayurveda products. Photo: AFP

Competition for Ramdev's Patanjali as Sri Sri joins ayurveda retail race

The founder of the Art of Living Foundation, Sri Sri Ravi Shankar will open 1,000 'Sri Sri Tatva' stores in India.

22 Aug 2017 3:13 PM

Indian-origin former CEO Adesh Kumar Tyagi was charged with making false claims in press releases and engaging in manipulative trading. (Representational Image)

Indian-origin former CEO accused of corporate fraud in US, to pay $ 294,000

Securities and Exchange Commission ruled against Adesh Kumar Tyagi who was charged with engaging in manipulative trading.

22 Aug 2017 2:20 PM

Micromax is making an aggressive comeback in the Indian market.

Micromax to capture 'volume leadership', make aggressive comeback

Micromax will launch a slew of devices that showcase Micromax's 'focus on innovation at the right price'.

22 Aug 2017 1:51 PM

The IMG will attempt to finalise its report by August 27.

IMG may favour more time to telcos for spectrum payment

IMG is also considering a proposal to shift from PLR to MCLR for interest and penalty payments.

22 Aug 2017 1:44 PM

Johnson & Johnson has been ordered to pay USD 417 million to a woman who claimed she developed ovarian cancer after using J&J's talcum powder.

Johnson & Johnson charged with $417 million for causing ovarian cancer

A California jury ruled in favour of a woman who alleged that she developed ovarian cancer after using J&J's baby talcum powder.

22 Aug 2017 12:48 PM

GST has put textiles sector under 5 per cent slab. (Photo: Representational/PTI)

What are GST registration procedures for new dealers?

New dealers, among other formalities, are required to fill a single application for online registration.

22 Aug 2017 12:45 PM

Integration between Ola and Google aims to enable access to a reliable and convenient mode of commute for long distance travel.

Ola partners Google to add 'Outstation' cabs to maps

This first-of-its-kind association in India enables bookings from 23 cities to over 215 one-way routes in the country.

22 Aug 2017 12:23 PM

Gopal Vittal, MD & CEO, Bharti Airtel at the launch of Airtel 4G services. (Photo: File/PTI)

Airtel to launch Rs 2,500 4G smartphone to counter Jio

Report claims Airtel is in talks with handset makers Lava and Karbonn for introducing a 'mass market' phone.

22 Aug 2017 10:59 AM

Chandrasekaran backs IHCL's foreign asset deals

Cyrus Mistry alleged that IHCL faced a near-death experience due to some acquisitions.

22 Aug 2017 10:33 AM

HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition.

ONGC board approves HPCL takeover

HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio.

22 Aug 2017 10:19 AM

The USD 12.9 billion deal, the largest FDI inflow into the country as also the largest investment out of Russia.

Essar Group says non-compete clause with Rosneft only for 3yrs

Rosneft will pay a royalty to Essar Group for using brand name of Essar Oil at over 3,500 petrol pumps.

22 Aug 2017 9:45 AM

Ousted Tata Sons Chairman Cyrus P Mistry.

IHCL faced near-death experience due to acquisitions: Mistry

Acquisitions made by the company were with the aim of promoting the 'Taj' brand.

22 Aug 2017 9:33 AM

Sikka using Murthy’s name to hide his poor show: Pai

Mr Sikka’s resignation has plunged Infosys into crisis with the company facing several issues, including a suitable replacement as CEO.

22 Aug 2017 1:09 AM

On Saturday, Infosys announced that it would buyback shares worth upto Rs 13,000 crore from investors at Rs 1,150 per share, a premium of 24.6 per cent to its Friday’s closing price of Rs 923.

Buyback offer fails to cheer, shares Tank 5 per cent

The shares of Infosys tanked 5.37 per cent on Monday to close the session at Rs 873.50 on the BSE.

22 Aug 2017 1:02 AM

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Anita Katyal