Business, Companies, 4th Sep 2018, News & Stories from India

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Business Companies 04 Sep 2018

Business, Companies, 04 Sep 2018

Lockheed Martin will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the US company said on Tuesday. (Photo: PTI)

Lockheed to build F-16 fighter jet's wings in India with Tata

Lockheed is bidding for a contract to supply the Indian air force with 114 combat planes.

04 Sep 2018 5:38 PM

Fortis Healthcare has said it will appoint an external agency to undertake scrutiny of its internal controls and compliances after an investigation found systemic lapses in funds allegedly taken out of it by erstwhile promoters Singh brothers.

To appoint external agency to scrutinise internal controls: Fortis Healthcare

In July, Malaysia's IHH Healthcare had won the race to take control of Fortis with plans to immediately invest Rs 4,000 crore.

04 Sep 2018 5:28 PM

Reliance Infrastructure (RInfra) said Tuesday that its consortium has inked an MoU with Maharashtra State Road Development Corporation (MSRDC) for the Rs 7,000-crore Versova-Bandra Sea Link Project in Mumbai.

RInfra consortium inks pact with MSRDC for Versova-Bandra sea link project

The consortium had emerged the most competitive bidder with their bid of Rs 6,993.99 crore.

04 Sep 2018 4:40 PM

Amazon India Tuesday said it's platform will also be available in Hindi, as the e-commerce major aims to bring the next 100 million shoppers online. (Photo: AP)

Amazon India launches Hindi website, app in battle with Flipkart

The launch will enable shoppers in India to enjoy the ease and convenience of Amazon's shopping experience in Hindi.

04 Sep 2018 3:10 PM

Shares of TCS rose by 2 per cent to Rs 2,097 -- its 52-week high -- on BSE.

TCS becomes 2nd firm to hit Rs 8 lakh crore m-cap mark

TCS had in April became the first Indian company to close the trading session with over $100 billion market valuation.

04 Sep 2018 1:57 PM

The debt-ridden national carrier Air India on Monday has recieved Rs 2,100 crore from the government as guaranteed borrowing, said the Civil Aviation Ministry.

Air India gets Rs 2100 crore govt guaranteed borrowing: R N Choubey

The disinvestment plan of Air India was stalled, due to lack of interest shown by bidders.

04 Sep 2018 1:50 PM

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank.

LIC board decides modalities, timeline for stake hike in IDBI Bank

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

04 Sep 2018 1:49 PM

Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. (Photo: Facebook)

Reliance Home Fin in talks with an overseas investor for equity investment

It is targeting to achieve an assets under management (AUM) of Rs 50,000 crore by 2021.

04 Sep 2018 1:29 PM

Facebook and Google declined to comment on Indian revenue figures or the competition between the two companies. (Photo: AP)

In India, Google races to parry the rise of Facebook

Google is now pushing back, attempting to lure customers with better ad-buying tools and more localized services.

04 Sep 2018 10:01 AM

Airlines have completely lost pricing power as a result of the rapid influx of capacity.

Indian airline losses could reach USD 1.9 billion this year: CAPA India

The loss forecast for the 12 months ending March 31 is up from an estimated $430 million to $460 million.

04 Sep 2018 9:26 AM

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Dilip Cherian