Business, Companies, 2nd Apr 2018, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 04:09 AM IST

Business Companies 02 Apr 2018

Business, Companies, 02 Apr 2018

The RBI has asked Axis Bank's board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI asks Axis Bank to re-consider Shikha Sharma as MD

The move comes against the backdrop of persisting concerns over mounting Non-Performing Assets (NPAs) in the banking system.

02 Apr 2018 7:50 PM

Amul's turnover up 8 per cent at Rs 29,220 crore in FY18

Its branded consumer products have registered a growth of 14 per cent.

02 Apr 2018 7:13 PM

It hurt when country looked at Tata Motors as a failing co: Ratan Tata

Emeritus Ratan Tata on Monday asked employees of Tata Motors to plan on becoming leaders again.

02 Apr 2018 7:00 PM

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI examines pending insolvency cases in Board meeting

ICICI Bank examined insolvency cases pending before the NCLT under the Insolvency and Bankruptcy Code, 2016.

02 Apr 2018 5:37 PM

A Bankability Kit, brought in partnership with Bank of Baroda and IDBI Bank

SIDBI launches virtual assistant, bankability kit to assist MSMEs

A new step forward in commencing Bancassurance services for MSMEs was taken.

02 Apr 2018 4:36 PM

Maxis Communications is providing Rs 95 crore to its troubled telecom subsidiary Aircel for settling outstanding staff salaries and meeting immediate operational expenses.

Maxis provides Rs 95 crore to Aircel for employee salaries, expenses

Aircel announced in February that it has filed for bankruptcy.

02 Apr 2018 4:04 PM

State-owned power equipment maker BHEL said today that it has bagged an order for Rs 4,400 crore to set up a 660 MW supercritical thermal power plant in Uttar Pradesh.

BHEL bags Rs 4,400 crore order for power unit in UP

The order has been placed by Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL).

02 Apr 2018 3:42 PM

Company is also likely to sign MoUs with the governments of Maha and Gujarat this month to supply 1,000 and 8,000 electric vehicles.

EESL to invest Rs 2,400 cr to buy 20,000 EVs by March 2019

EESL has also rolled out the plan for setting up charging stations across the country.

02 Apr 2018 3:41 PM

The Japanese firm will hold 60 per cent of the venture’s shares and GCL will own 40 per cent.

SoftBank, China's GCL team up for USD 930 million Indian solar venture

SoftBank and GCL’s new venture will eventually have a capacity of 4GW and will be implemented in two 2GW phases.

02 Apr 2018 3:24 PM

Only three public sector banks -- SBI, Indian Bank and Bank of Baroda -- figure in the Bharat-22 index. (Photo: PTI/Representational)

Govt plans 2nd tranche of Bharat-22 ETF

Govt had raised Rs 14,500 crore through the first tranche of Bharat-22 Exchange Traded Fund.

02 Apr 2018 3:03 PM

The company also sold 4,411 units of its compact sports utility vehicle (SUV) WR-V.

Honda Cars sales dip 28 per cent in March

The company had sold 18,950 units in the domestic market in March 2017.

02 Apr 2018 2:56 PM

HMSI through its dealers will directly notify affected customers via call or e-mail or SMS for inspection of their vehicle.

HMSI recalls 56,194 units of Aviator, Activa 125, Grazia

Recall will cover units of the three models manufactured from February 7, 2018, to March 16, 2018.

02 Apr 2018 1:53 PM

Paytm has revamped its app to make it even more user friendly and intuitive.

Paytm aims exponential growth; revamps app for better user interface

The new update personalises the app experience for the user, showcasing frequent use cases at a customised level.

02 Apr 2018 12:58 PM

ICICI Bank's board, however, has reposed full faith in Kochhar.

ICICI Bank's board to meet today

ICICI Bank pointed out that the board meeting is routine in nature.

02 Apr 2018 12:51 PM

Policybazaar.com, India's largest insurance website and comparison portal, is planning to foray into the healthcare technology and services space.

Policybazaar.com to foray into healthcare, technology

To begin with, the company intends to partner with 100 hospitals and 20,000 doctors.

02 Apr 2018 12:11 PM

RBI fined ICICI 589 million rupees ($9.1 million) for not sticking to rules around the sale of govt securities.

ICICI Bank shares tumble on probe reports, RBI fine

Shares of ICICI Bank, India’s third-largest lender, plunged 7 per cent to a five-month low.

02 Apr 2018 11:43 AM

Total sales of company for 2017-18 stood at 40,06,791 units, up 9 per cent, over 36,65,950 vehicles sold in 2016-17.

Bajaj Auto sales up 23 per cent in March

Domestic sales stood at 2,03,600 units against 1,69,279 units in the corresponding month last year.

02 Apr 2018 11:10 AM

IOC’s current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Indian Oil plans USD 22 billion expansion over five years

IOC processed a record 1.38 million bpd crude at its directly owned plants in 2017-18.

02 Apr 2018 9:20 AM

India’s largest carmaker Maruti Suzuki said that domestic sales grew by 16 per cent in March at 1,48,582 units from 1,27,999 units in same month last year.

Maruti, Tata post double-digit growth

Automakers Maruti Suzuki and Tata Motors on Sunday posted double-digit growth in car sales in March.

02 Apr 2018 12:18 AM

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Mohan Guruswamy