Business, Companies, 12th Mar 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 03:24 PM IST

Business Companies 12 Mar 2019

Business, Companies, 12 Mar 2019

Facebook Hubs will be part of a global network for training and mentoring facilities for startups, developers, small and medium businesses, creators, and job seekers, the statement added. (Photo: File | AP)

Facebook Hubs to support startups

Facebook said it has partnered with 91springboard for a year-long programme to help startups and entrepreneurs scale up their businesses.

12 Mar 2019 6:41 PM

Ebix Inc has sent a letter to the Board of Yatra Online, Inc outlining offer to acquire 100 per cent of the outstanding stock of Yatra Online for USD 7 per share on a debt-free basis, the US-based software firm had said in a statement.

Yatra to review takeover proposal of Ebix

US-based software firm Ebix Inc on Monday announced that it had offered to acquire Yatra Online for USD 336 million (over Rs 2,345 crore).

12 Mar 2019 5:30 PM

The bank is looking to sell all the accounts on a 100 per cent cash basis to banks, ARCs, NBFCs and other financial institutions, according to the auction notice on the SBI's website on Tuesday.

SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on March 26.

12 Mar 2019 5:09 PM

Drivezy, which has a presence in 10 Indian cities including Bengaluru, Delhi-NCR, Hubli and Manipal, is also looking to ramp up the number of vehicles listed on its platform, taking the total to about 80,000 cars and bikes by March 2020. (Representational Image)

Drivezy in talks to raise USD 100 mn funding, eyes international expansion

Drivezy (formerly JustRide) has till date raised equity investments of USD 31 million.

12 Mar 2019 3:38 PM

The shares are issued with a lock-in period of one year, BoI said in a statement. (Representational Image)

Bank of India raises Rs 660 cr by selling shares to employees

The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement.

12 Mar 2019 3:07 PM

The insurer said in a regulatory filing on Monday that Standard Life (Mauritius Holdings) 2006 Ltd, one of its promoters, will sell stake through an offer for sale on March 12, and the floor price for the sale will be Rs 357.50 per share.

HDFC Life shares drop over 5 pc on stake sale announcement

After the stake sale, Standard Life's holding in the insurance company will come down to 24.27 per cent.

12 Mar 2019 2:58 PM

The combined entity ‘Birlasoft Limited' is a mid-tier USD 500 million (approximately Rs 3,478.88 crore) company listed on the Indian bourses, the company said in a statement.

Birlasoft completes merger with KPIT's IT services division

The integration would enable the company to deliver a wider suite of capabilities, said Amita Birla, Chairperson, Birlasoft.

12 Mar 2019 1:49 PM

"The suggestion of alleged violation of FDI laws of India is completely misconceived and misplaced," Godfrey Phillips India said in a regulatory filing.

Godfrey Phillips says it is in complete compliance with India's FDI norms

Per media reports, Philip Morris for years paid manufacturing costs to Godfrey Phillips to make Marlboro cigarettes.

12 Mar 2019 12:42 PM

Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32 per cent stake in Bharti Infratel. (Photo: PTI)

Bharti Airtel to slash direct stake in Infratel

Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 per cent.

12 Mar 2019 10:44 AM

Jet is struggling to make payments to banks, aircraft leasing companies, vendors and pilots.

Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 Mar 2019 9:22 AM

Renault confirmed it was in talks with Nissan and Mitsubishi Motors Corp about setting up a new alliance body to improve their collaboration.

In shadow of Ghosn, Nissan, Renault and Mitsubishi meet to hash out future

Nissan holds a 15 per cent, non-voting stake in Renault, whose top shareholder is the French government.

12 Mar 2019 9:16 AM

According to the bench, the lenders gave a "golden outlook" to NCLAT to recover around Rs 37,000 crore from sale of assets but nothing happened.

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden outlook'

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 Mar 2019 8:53 AM

Nod was also given for shifting of the registered office of the company from Delhi to Maharashtra.

Tata Steel BSL nod for issuance of 11.09 pc shares to Tata Steel

The proposals were approved in an extraordinary general meeting, chaired by Tata Steel BSL Chairman T V Narendran.

12 Mar 2019 8:52 AM

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Dilip Cherian