Business, Companies, 3rd Sep 2018, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 03:07 AM IST

Business Companies 03 Sep 2018

Business, Companies, 03 Sep 2018

IKEA has issued an apology to a customer in Hyderabad after he reported finding a caterpillar in his food at the store and posted a photograph of it on Twitter. (Photo: AFP)

IKEA apologises after customer reports caterpillar in his food

During the inspection, it was determined that the store was not complying with waste segregation norms.

03 Sep 2018 9:31 PM

Telecom major Vodafone Idea Limited on Monday raised Rs 1,500 crore fund through non-convertible debentures on private placement basis -- first debt after its incorporation.

Vodafone Idea raises Rs 1,500 crore via debt

The NCDs have maturity period of 5 years and have been offered at interest rate of 10.9 per cent per annum.

03 Sep 2018 9:24 PM

Air Corporation Employees Union (ACEU) has urged Air India management to reconsider its plans to sell the iconic Air India Tower at city's tony Nariman Point neighbourhood.

Employees Union seeks rethink on Air India's Nariman Point building sale

It has suggested that secured loans should be availed against the building.

03 Sep 2018 9:19 PM

Reliance Industries Limited (RIL) on Monday made an offering of Rs 1.1 crore to the famous hill shrine of Lord Venkateswara at nearby Tirumala. (Photo" PTI)

Reliance Industries donates Rs 1.1 crore to Tirumala temple

It also requested that the money be used for the temple-run Sri Venkateswara Praanadaana Trust here.

03 Sep 2018 8:08 PM

Reliance Infrastructure on Monday said it has paid all outstanding electricity duty and other taxes amounting to Rs 2,640 crore to the Maharashtra government last week on closure of deal to sell its integrated Mumbai power distribution business to Adani Transmission Ltd.

RInfra pays Rs 2,640 cr outstanding electricity dues to Maharashtra govt

This was the largest ever debt reduction for any company in the Indian power sector.

03 Sep 2018 4:58 PM

Vedanta Resources Plc Chairman Anil Agarwal will take the London-listed miner private on October 1, after the holders of 26 per cent of shares agreed to sell to his family trust Volcan Investments.

Vedanta Resources Chairman Anil Agarwal to take miner private on October 1

Volcan now holds or has received acceptances for 92.31 per cent of Vedanta’s shares.

03 Sep 2018 2:01 PM

The tribunal has also awarded Reliance Infrastructure compensation at the rate of 13.5 per cent of actual revenue for the loss of revenue.

Anil Ambani-led RInfra wins Rs 200 cr arbitration against NHAI: Company

Reliance Infrastructure said this is payable from March 2017 till the end of concession on January 14, 2038.

03 Sep 2018 1:38 PM

Shares of Wipro on Monday surged more than 8 per cent in morning trade on bourses after the IT services major said it had bagged USD 1.5 bn deal from Alight Solutions, its biggest deal till date.

Wipro shares jump over 8 pc as company bags biggest order till date

The shares of the company on Monday opened on a bullish note and touched an intra-day high of Rs 328.

03 Sep 2018 12:07 PM

The LIC board will meet on Tuesday to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent, a move that will provide the insurance behemoth entry into the banking space.

LIC board to meet tomorrow to decide IDBI Bank stake hike plan

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

03 Sep 2018 11:57 AM

GAIL wants to insert six new sections in the main objects clause of the memorandum of association of the company to foray into new business

GAIL to set up battery charging stations for electric vehicles

Charging stations for e-vehicles at CNG dispensing stations in a bid to diversify its portfolio beyond gas and petrochemicals.

03 Sep 2018 11:12 AM

Commercial vehicles sales stood at 74,169 units as against 51,170 units in the year-ago month, a growth of 45 per cent.

Bajaj Auto August sales up 30 per cent at 4.37 lakh units

Domestic sales increased by 27 per cent at 2,55,631 units as against 2,00,659 units in the same month last year.

03 Sep 2018 11:01 AM

This four-day festive sale across IndiGo network, effective from September 3 till September 6, 2018.

IndiGo's 10 lakh seats up for grabs at fares starting Rs 999

The Airline also offered a super cash amount of up to Rs 600 on booking the ticket through mobile wallet provider MobiKwik.

03 Sep 2018 10:34 AM

Wipro will provide a comprehensive suite of solutions and services to Alight Solutions.

Wipro strikes its biggest deal, hopes to win lost ground

During Q4, Wipro signed a strategic partnership with Alight Solutions to acquire its India operations for $117 million.

03 Sep 2018 9:01 AM

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Dilip Cherian