Business, Companies, 8th Aug 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 03:07 PM IST

Business Companies 08 Aug 2017

Business, Companies, 08 Aug 2017

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak Bank launches debit card offer for zero balance a/c for Rs 99

The special edition debit card will be available to customers who open an 811 account from August 8, 2017 to September 15, 2017.

08 Aug 2017 9:12 PM

Smartphone business grows at 100 per cent rate for Amazon India

Amazon has emerged as a strong competitor to Flipkart and many brands look at Amazon to introduce their devices.

08 Aug 2017 9:01 PM

The bank security paid no heed to the alarm raised by the complainant, it alleged.

SBI not liable if customer hands over money to stranger: panel

District forum had asked the bank to pay Rs 48,500 to the woman along with a litigation cost of Rs 5,000.

08 Aug 2017 5:25 PM

Bharti Airtel has claimed through TV ads that its 4G service is fastest in country.

Fastest 4G: Court rejects Reliance Jio plea against Bharti Airtel

Jio had alleged in its petition that Airtel's fastest network TV ad has caused it monetary losses.

08 Aug 2017 5:04 PM

Axis Bank on Tuesday reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50 lakh.

Axis Bank cuts interest rate on savings bank account

SBI had also slashed interest rate on savings account deposits by 50 basis points to 3.5 per cent on balance of Rs 1 crore and below.

08 Aug 2017 5:02 PM

Combined entity is expected to create a mobile services juggernaut with nearly 400 million users and a 35 per cent market share in terms of customers.

Idea Cellular seeks NCLT nod for merger with Vodafone India

Deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea Rs 72,200 crore.

08 Aug 2017 4:26 PM

State Bank of India is country's largest lender.

SBI revises IMPS charges, scraps fee for Rs 1,000 transaction

Country's largest public sector bank says move aims to promote small ticket transactions.

08 Aug 2017 2:52 PM

Employees' Provident Fund Organisation or EPFO stores members' PF corpus.

How to check EPF balance, e-passbook, activate UAN

Retirement fund body has further simplified entire PF withdrawal exercise as the task has been tedious.

08 Aug 2017 2:48 PM

Amazon India inked a pact with Telangana Department of Handloom and Textiles, to train, educate and encourage weavers to directly sell their product on Amazon.

Telangana handloom weavers to sell products directly on Amazon

Amazon India signed an MoU with Telangana Handloom department to encourage weavers to sell their products on Amazon.

08 Aug 2017 2:21 PM

Paytm rolled out 'Paytm Postcards', that allows you to send gift money to dear ones.

This festive season, gift cash to loved ones with 'Paytm Postcards'

Alibaba backed Paytm rolled out gift cards on Monday, in tune with Rakshabandhan celebrations.

08 Aug 2017 1:50 PM

The sale was done for Rs 380.6 per share, a 4 per cent discount to previous day's closing price.

Airtel sells 6.7 cr Bharti Infratel shares for Rs 2,570 cr

Bharti Airtel will primarily use the proceeds from this sale to reduce its debt

08 Aug 2017 1:20 PM

Eros International is a big player in Bollywood that churns out Hindi films.

Eros in talks with Apple, Amazon and Netflix to sell content

Report says discussions are in very early stages for the deal that could be worth $1 billion.

08 Aug 2017 12:49 PM

Trai is reviewing rules of tariff assessment, which among other issues, deals with promotional offers and predatory pricing.

Have power to settle competitive tariff issues: Trai to CCI

In February this year Trai had floated a consultation paper on Regulatory Principles of Tariff Assessment.

08 Aug 2017 10:28 AM

Along with the DGCA safety audit, the ICAO will also "randomly" pick an airline to check its compliance of the safety regulations.

DGCA meets air operators to discuss upcoming ICAO audit

DGCA has already commenced a special audit of all scheduled domestic airlines.

08 Aug 2017 10:04 AM

Bharti Airtel and Nettle jointly hold 61.65 per cent in Bharti Infratel.

Airtel plans to sell 3.7 pc stake in Bharti Infra for Rs 2500 cr

Bharti Airtel's consolidated net debt at the end of June 2017 was Rs 87,840 crore.

08 Aug 2017 9:55 AM

Employees' unions at Air India are opposed to the privatisation of the two government-run entities.

Govt to float RFP for merchant bankers over Air India disinvestment

Airline's total debt stood at Rs 48,876.81 crore (provisional figures) at the end of March 2017.

08 Aug 2017 9:39 AM

As part of the proposal, Vodafone India will initially hold 50 per cent stake in the merged entity.

Idea-Vodafone deal gets conditional go-ahead from Sebi

Multi-layered deal was announced in March and recently got clearance from the fair trade regulator CCI.

08 Aug 2017 9:29 AM

Out of these 12 accounts, nine have already been referred to the NCLT. (Photo: PTI/Representational)

Bankers review progress of 12 large NPA accounts under IBC

IAC has referred all accounts whose fund and non-fund based loans are greater than Rs 5,000 crore.

08 Aug 2017 9:19 AM

1 of 1

Columns

Mohan Guruswamy