Business, Companies, 13th Jun 2019, News & Stories from India

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Business Companies 13 Jun 2019

Business, Companies, 13 Jun 2019

Grant Thornton, affiliates not to take up non-attest work from listed audit clients

Grant Thornton in India carries out audit assignments through its affiliate Walker Chandiok & Co LLP.

13 Jun 2019 7:19 PM

Jain Irrigation has a debt equity ratio of 1:1.1 and networth of Rs 4,561 crore including Compulsory Convertible Debenture (CCD), it said in a regulatory filing.

Jain Irrigation says not defaulted on debt; confident of reducing debt by 2,000 cr

Shares of the company was trading down by 0.26 per cent at Rs 37.75 a piece on the BSE at 1212 hours.

13 Jun 2019 4:22 PM

French-US engine maker CFM International has been competing with IndiGo's existing engine supplier, Pratt & Whitney. (Representational Image)

IndiGo chooses French-US engine maker CFM International for mega order: Report

The two sides are putting finishing touches to the deal in time for an announcement at next week's Paris Airshow, sources said.

13 Jun 2019 3:31 PM

Sources said that National Anti-Profiteering Authority (NAA) was of the view that the tax rate had actually gone up in the GST regime from earlier 15 per cent.

GST anti-profiteering body dismisses complaint against Bharti Telemedia

The complainant had alleged that Bharti Telemedia, which is into DTH satellite had not reduced prices of its offerings.

13 Jun 2019 3:11 PM

A criminal writ petition had been filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees had been siphoned out of Indiabulls.

Indiabulls Housing Finance soars after writ petition withdrawn

Indiabulls Housing Finance shares increased nearly 8 per cent higher.

13 Jun 2019 2:21 PM

At the NSE, Yes Bank shares plunged 12.87 per cent to Rs 117.40 -- its 52-week low. (Photo: File | PTI)

Yes Bank shares fall 13 pc in three days

The scrip extended its previous session's fall and further tanked 12.73 pc to hit a one-year low of Rs 117.50 -- on BSE.

13 Jun 2019 12:27 PM

The group is also in talks to sell its life insurance arm to a domestic partner and has appointed investment bankers for the same.

DHFL in talks with PE firm; expect USD 1 bn from sale of half of their holdings

The Wadhawan family, the promoters of the company, currently holds close to 40 per cent stake in the company.

13 Jun 2019 12:19 PM

The scrip plummeted 23.18 per cent to hit a multi-year low of Rs 84.80 on the BSE. (Photo: Twitter | @jetairways)

Jet Airways shares tank over 23 pc after bourses announce trading restrictions

Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28.

13 Jun 2019 12:15 PM

Reliance Group Chairman Anil Ambani said his group was committed to meet all payment obligations in a timely manner and has already serviced debt worth Rs 35,000 cr in last 14 months.

Reliance Capital calls PWC's observations baseless, unjustified

The companies said they have also duly furnished all requisite and satisfactory details as required by PWC.

13 Jun 2019 11:52 AM

Gautam Adani, Chairman and Founder of Adani Group.

Adani wins final approval to begin work on coal mine project in Australia

The mining company is now expected to start construction at the site within days.

13 Jun 2019 10:48 AM

The project has to be completed within a year of the commencement of the contract with the RBI.

TCS to implement RBI's information and management system for 310 crore

TCS pipped other IT majors like IBM India, Infosys, Larsen & Toubro Infotech to get the key project of the central bank.

13 Jun 2019 8:51 AM

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Shobhaa De