Business, Companies, 3rd May 2019, News & Stories from India

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Business Companies 03 May 2019

Business, Companies, 03 May 2019

Senior advocates Kapil Sibal and Arvind Datar, appearing for the messenger app owned by US-based Facebook, told the bench that they are only having a trial run which is likely to be completed by July. (Representational Image)

Payment service will be launched only after complying with RBI norms: WhatsApp to SC

The trial run is likely to be completed by July end this year, WhatsApp said.

03 May 2019 5:47 PM

Shares of Hindustan Unilever (HUL) settled at Rs 1,692.80 apiece on the BSE, down 2.04 per cent from previous close.

HUL Q4 net profit rises 13.8 pc to Rs 1,538 crore

The company had posted a net profit of Rs 1,351 crore in the January-March quarter of the previous fiscal.

03 May 2019 5:35 PM

The resolution plan shall be rewarding to GMR Group and lenders as they continue to own 45 per cent and 55 per cent of shareholding, respectively, it added.

GMR Rajahmundry Energy successfully executes resolution plan

According to resolution plan existing debt of Rs 2,353 crore has been brought down to a sustainable debt of Rs 1,412 crore.

03 May 2019 3:49 PM

The firm's total expense stood at Rs 1,974.73 crore, against Rs 2,016.65 crore, a drop of 2.07 per cent.

Godrej Consumer Products net profit rises 51.5 pc to Rs 935.24 cr in March quarter

The company had posted a consolidated net profit of Rs 617.19 crore in the corresponding period last fiscal, GCPL said in a BSE filing.

03 May 2019 3:37 PM

Last week, an Air India union official criticised the government's plan to privatise the airline saying that handing over of a company to private players was not a remedy.

Interact with media only after prior approval of CMD: Air India tells staff

The airline said there have been instances where employees have interacted with media portraying company in bad light.

03 May 2019 11:38 AM

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 variety to a group of farmers who in turn sell their produce to it at a fixed price.

Pepsi withdraws lawsuits againsts Indian potato farmers amid political pressure

PepsiCo had previously said farmers must either sell their potatoes to them or stop cultivating the FC5 variety.

03 May 2019 9:59 AM

But supporters hope it will serve as a reminder to investors that Uber's gig economy model is likely to face more legal and regulatory scrutiny. (Photo: AP)

Uber hit with Australia class action ahead of stock listing

This comes at sensitive time for the company, as it prepares to sell 207 million shares, raising up to USD 10 billion in a US IPO.

03 May 2019 9:46 AM

In the decorative paints segment, the company will offer a complete range of water-based paints for interior and exterior walls, wood and metal.

JSW enters paints with ‘any colour at one price’ strategy

Launching the JSW Paints brand is part of the group’s overall strategy to diversify into consumer-facing businesses.

03 May 2019 1:47 AM

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Sunil Gatade

Business, Companies, 03 May 2019

Payment service will be launched only after complying with RBI norms: WhatsApp to SC

HUL Q4 net profit rises 13.8 pc to Rs 1,538 crore

GMR Rajahmundry Energy successfully executes resolution plan

Godrej Consumer Products net profit rises 51.5 pc to Rs 935.24 cr in March quarter

Interact with media only after prior approval of CMD: Air India tells staff

Pepsi withdraws lawsuits againsts Indian potato farmers amid political pressure

Uber hit with Australia class action ahead of stock listing

JSW enters paints with ‘any colour at one price’ strategy

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