Business, Companies, 8th Apr 2019, News & Stories from India

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Business Companies 08 Apr 2019

Business, Companies, 08 Apr 2019

Currently, FDI restrictions are limited to product e-commerce only under the Consolidated FDI Policy.

Draft e-commerce policy 'inimical' to USD 1 trillion digital economy goal: IAMAI

The association was also of the view that "the process of making the policy itself was less than inclusive and open,"

08 Apr 2019 7:03 PM

The sale will be on 100 per cent cash basis, the bank said.

SBI invites EoI to sell two dud accounts to recover Rs 423 crore

The e-auction for the NPA accounts -- Kamachi Industries and SNS Starch --is scheduled for April 25, 2019.

08 Apr 2019 2:56 PM

Jet’s lenders last month agreed to bail out the airline in a complex deal that involved the banks taking a temporary majority stake in the company. (Photo: AFP/File)

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet’s lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

08 Apr 2019 1:08 PM

Uber acquired a 27.5 per cent stake in Grab’s business.

Grab targets another USD 2 billion funding this year: CEO

Grab is also looking to make at least six investments or acquisitions this year.

08 Apr 2019 12:28 PM

Service providers opting for the composition scheme can charge a lower tax rate of 6 pc from customers, as against the higher rates of 12 pc and 18 pc for most services under GST.

Service providers can opt for GST composition scheme by April 30: CBIC

GST composition scheme threshold was increased to Rs 1.5 crore from April 1.

08 Apr 2019 12:08 PM

Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore.

PNB's stake sale in housing finance arm 'credit positive': Moody's

Upon completion of the sale, PNB will retain a 19.8 per cent stake in PNB Housing Finance worth around Rs 3,000 crore.

08 Apr 2019 11:26 AM

Former chairman Carlos Ghosn. (Photo: AP)

Nissan shareholders vote to oust Ghosn as director

Shareholders at the emergency meeting also voted out another director, Greg Kelly,

08 Apr 2019 9:59 AM

The bids have to be submitted by April 10. (Photo: Twitter | @jetairways)

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

08 Apr 2019 9:52 AM

The company is gearing up for exponential growth in the new financial year 2019-20 and has already bagged new orders totalling 11MW just over the last few weeks.

MYSUN expands presence in 7 states in its pan-India Solar push for SMEs

These projects will result in significant energy bill savings for industries and small & medium enterprises.

08 Apr 2019 9:05 AM

The companies had said in a filing on Friday that they will merge operations in a share-swap deal.

RBI says not yet approved merger of Lakshmi Vilas and Indiabulls Housing

Shareholders of the Chennai-based bank will get 0.14 share in Indiabulls for every share held in the lender.

08 Apr 2019 8:49 AM

Wipro, HDFC Bank and ICICI Lombard General Insurance will announce their fourth quarter performance next week while Axis Bank and RBL Bank will declare their Q4 results before the end of this month.

Analysts see better results from banks

IT sector companies’ revenue and profit growth could vary with company for the fourth quarter, analysts said.

08 Apr 2019 1:26 AM

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Shobhaa De