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  Business   Companies  12 Jun 2017

Business, Companies, 12 Jun 2017

Sahara Life Insurance Co gets new IRDAI appointed administrator

According to IRDAI, the Subrata Roy-run insurer was "acting in manner" prejudicial to interest of subscribers.

12 Jun 2017 9:16 PM

Infosys CEO Vishal Sikka calls on Jaitley

The 45-minute meeting, between Jaitley and Sikka comes before Narendra Modi's visit to the US later this month.

12 Jun 2017 9:01 PM

SBI's paid up capital increases to Rs 863 cr post QIP

The total proceeds of the issue will be used to augment its capital adequacy ratio and for general corporate purposes.

12 Jun 2017 8:32 PM

Axis Bank to sell debentures to fund growth

The bank's gross non-performing assets (NPAs) or bad loans rose significantly to 5.04 per cent of the gross advances as of March.

12 Jun 2017 7:56 PM

General Electric CEO Jeff Immelt set to retire

John Flannery, currently the head of GE Healthcare division will be succeeding Immelt.

12 Jun 2017 7:09 PM


Sebi to make stricter norms for independent directors

Sebi wants to make a special resolution mandatory for removal of an independent director that will reduce the arbitrariness of promoters.

12 Jun 2017 6:50 PM

Goyal takse a dig at UPA for depending on imported coal

India has to import coal for power plants with an installed capacity of 83,100 MW which are designed to feed on imported coal.

12 Jun 2017 6:26 PM

TCS partners Intel to aid customers' digital transformations

Both the companies will also be investing in creating centres of excellence in the country and in the US.

12 Jun 2017 6:13 PM

SpiceJet set to launch UDAN flights next month

Gurgaon-based carrier would be first major airline to launch flights on RCS route.

12 Jun 2017 5:10 PM

Honda opens 150th pre-owned vehicles dealership in Coimbatore

Best Deal is the first and the only organised retail set-up exclusively for certified Honda pre-owned two-wheelers.

12 Jun 2017 5:04 PM


JLR invests USD 25 mn in US-based rideshare company Lyft

Investment by InMotion Ventures, a part of JLR, will support Lyft's expansion and technology plans.

12 Jun 2017 4:50 PM

Jio accuses Bharti Airtel, Vodafone, Idea of cartelisation

Jio alleges smaller operators are in financial distress because of actions of incumbent ones.

12 Jun 2017 4:28 PM

Triumph to increase local assembly in India

The company, which follows June-May fiscal, expects nearly 200 units to be locally produced in the ongoing year.

12 Jun 2017 1:41 PM

Telcos not investing in tech causing financial stress: Jio

IMG today began consultation with operators as part of efforts to address the financial difficulties being faced by the sector.

12 Jun 2017 1:29 PM

Indigo, Jet Airways, GoAir slash fares; starting price Rs 899

Airlines like IndiGo, GoAir and Jet Airways have come up with a series of offers for flyers, starting from Rs 899.

12 Jun 2017 1:08 PM


Uber board adopts all recommendations from Eric Holder investigation

The board's decisions follow a series of public-relations crises for Uber.

12 Jun 2017 12:00 PM

QIP credit positive for SBI, removes dependence on govt: Moody's

SBI's risk-weighted assets are expected to grow by 15 per cent in 2017-18 and 2018-19, in line with 2016-17.

12 Jun 2017 10:50 AM

Telecom sector disappointed at unchanged GST rate

At present, telecom consumers are charged 15 per cent in form of tax and cess over their phone bills.

12 Jun 2017 9:32 AM