Companies

DHFL said on Monday its audited results were largely in line with the unaudited net loss it reported on July 13.

Auditors to DHFL raise red flags around quarterly results

The auditors said DHFL had failed to provide them with sufficient explanation or information about these matters.

23 Jul 2019 1:55 PM

Line 3 of the Mumbai Metro, also known as the Colaba-Bandra-SEEPZ line, is partially funded by JICA. (Photo: File)

Blue Star bags Rs 253 cr order from Mumbai Metro Rail Corporation

Shares of Blue Star were trading 1.53 per cent lower at Rs 736 apiece on BSE.

23 Jul 2019 1:20 PM

RIL's standalone net profit of Rs 9,036 crore, up 2.4 per cent over the previous year, was a record.

RIL shares gain 2.5 pc; m-cap rises by Rs 19,974 cr after Q1 earnings

The oil-to-telecom conglomerate reported a net profit of Rs 10,104 crore, or Rs 17.05 per share, in April-June.

23 Jul 2019 12:41 PM

In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as "public shareholder" and not as its promoter.

HPCL refuses to recognise ONGC as its promoter

Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.

23 Jul 2019 12:33 PM

In 2018-19, Air India had made losses of around Rs 7,600 crore.

Air India plans to bring all 17 grounded aircraft back into operation: Lohani

Air India plans to use these aircraft on the new routes where it will start flying soon.

23 Jul 2019 11:24 AM

ISRO has worked to keep import costs low by designing most of the parts for its programme that are then outsourced to the domestic private sector. (Photo: PTI)

Private sector plays significant role in Chandrayaan-2 mission

Companies like L&T and Godrej group contributing with hardware and testing solutions in success of Chandrayaan-2 mission.

23 Jul 2019 8:58 AM

These changes to the onboarding process will make it easier for small sellers, who may not have prior digital expertise.

Flipkart simplifies onboarding process for new sellers

To ensure easy access, the company has also stationed 13 regional teams across the country to help onboard sellers in person.

23 Jul 2019 8:44 AM

According to RedSeer Consulting, this was mainly due to the live streaming of the World Cup cricket.

Cricket helps Hotstar user base to touch 300 million

Among content platforms, Hotstar saw its active monthly user base grow to 300 million in the June quarter against 200 million in the March quarter.

23 Jul 2019 1:13 AM

The appellate tribunal has directed to list the matter on July 29, when it is likely to pass the order on this.

Will pay creditors entire outstanding amount; complete projects in 3 yrs: Jaypee Infratech

A two-member bench asked the promoter of Jaypee Infratech to file written submissions over exclusion of time frame.

22 Jul 2019 7:56 PM

Multizone catalytic cracking (MCC) process developed by RIL converts an array of raw materials to high-value propylene and ethylene in a single riser.

How oil-to-chemicals integration worked for RIL

An oil-to-chemical strategy was developed by Reliance to transition the Jamnagar refinery from fuels producer to chemicals producer.

22 Jul 2019 4:21 PM

Union Minister Nitin Gadkari. (Photo: Twitter | ANI)

LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway projects: Gadkari

The funds will be raised for 30 years and the interest rate will be revised every 10 years, as per initial plans.

22 Jul 2019 2:59 PM

IL&FS Transportation Networks said it had defaulted in payments of interest amount of debentures of Rs 14.62 crore and Rs 11.40 crore.

IL&FS Transportation Networks defaults on NCD interest payment

IL&FS and its subsidiaries have defaulted on many debt instruments over the past few months due to insufficient funds.

22 Jul 2019 2:37 PM

Bombay HC quashes defamation proceedings against Ratan Tata, others

Wadia filed the case in 2016 after he was voted out of the boards of some Tata Group companies.

22 Jul 2019 1:43 PM

Zee5 aiming to increase it user base to 80 million by March from 70 million app downloads till March 2019.

Zee5 plans to emulate Netflix, to have mobile-only tariff packs

Netflix, which tested an Rs 250 monthly plan in India since March, had last week announced a rollout the plan nationally.

22 Jul 2019 12:32 PM

NCLAT gave operational creditors equal status as lenders in the distribution of the ArcelorMittal's bid amount among the creditors of Essar Steel.

Supreme Court orders status quo in Essar insolvency case

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

22 Jul 2019 11:29 AM

Jio has sold its tower assets via an investment trust to Canada’s Brookfield Asset Management for 250 billion rupees. (Photo: ANI)

Reliance mobile operator Jio to focus on subscriber numbers not tariffs

Analysts had predicted that Jio would start raising its tariffs as soon as it reached a critical mass of subscribers.

22 Jul 2019 10:39 AM

Over 94 million unique cards are saved on MobiKwik PG platform, including 20 million credit cards, Taku added.

MobiKwik aims to clock Rs 500 cr revenue from its payment gateway biz

Taku said the company has a strong focus on enterprise-grade security protocols for its PG business.

22 Jul 2019 9:22 AM

Total remuneration paid to Mittal was over Rs 31 crore and Vittal was paid Rs 20.9 crore against the ceiling of around Rs 9.8 crore and Rs 12 crore respectively for 2018-19. (Photo: PTI)

Airtel to seek shareholders' nod for waiver of recovery of excess pay to Mittal

Bharti Airtel will seek the approval at its annual general meeting to be held on August 14 in New Delhi.

22 Jul 2019 9:17 AM

In a statement on July 19, the company said its board has decided to seek shareholders' approval for expanding the board to enable the induction of an independent woman.

IndiGo to expand board; to have 4 independent directors

Sebi and the corporate affairs ministry are looking into the alleged governance lapses at InterGlobe Aviation.

22 Jul 2019 9:08 AM

Notwithstanding this, Birla's salary was 202.9 times higher than median remuneration paid to UltraTech employees in FY 2018-19. (Photo: PTI)

Kumar Mangalam Birla's remuneration from UltraTech fell 18.8 pc to Rs 15.53 cr in FY19

UltraTech had 19,557 permanent employees on its rolls as on March 31, 2019.

21 Jul 2019 2:31 PM